Change of Payment Method Clause Samples

Change of Payment Method. After the submission of the withdrawal application, if the borrower’s external payment, credit rating and other conditions change, the borrower shall change the payment method of the borrowed funds if the self-paid borrowed funds meet the conditions agreed in item (2) of Paragraph 2 of this Article. If the payment method is changed or the entrusted payment method changes the amount of external payment, the payment object and the purpose of the loan, etc., the borrower shall provide the lender with a written explanation of the application for the change, and resubmit the application for withdrawal and relevant transaction materials proving the purpose of the funds.
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Change of Payment Method. For independent payments, if the conditions of borrower’s external payment or credit rating changes after the withdrawal application is submitted, the payment method of the loan fund shall be changed if the payment meets the conditions specified in Item (2) of paragraph 2 in this article. The borrower is required to provide the lender with a written application for any changes in the payment method, to submit a new withdrawal application with relevant documents.
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Change of Payment Method. Under any of the following circumstances, Party B shall have the right to change the payment method of loan funds, including but not limited to adjusting the applicable circumstances of entrusted payment (for example, adjusting the amount standard for entrusted payment), changing the payment method of a single loan, etc.: 1. Party A has any breach of contract as agreed in this Contract; 2. Any circumstance specified in this Contract that may endanger the creditor’s rights of Party B occurs; 3. Other circumstances in which Party B considers it necessary to change the payment method of loan funds. Where Party B changes the payment method, Party A shall fulfill its obligations of submitting related materials again, etc. according to the provisions of this Contract and Party B’s requirements.
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Change of Payment Method. In case where after the submission of the drawdown application there is a change in the Borrower’s payment to third parties and/or change in credit rating where such change has satisfied the requirement under paragraph 2(2) under this Section, the payment method shall be changed. In case where there is change in the payment method, or in the case a change in the payment amount, payee or a change of the purpose of the Loan, the Borrower shall submit to the Lender a change application in writing, to re-submit a drawdown application and supporting documents for the purpose of the Loan.
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Change of Payment Method. The Customer may, prior to the beginning of each Electricity Product Year, change the method by which it pays an invoice by providing notice to the Supplier, provided that the new payment method must be one of the following formats: Direct Debit BACS Cheque
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Change of Payment Method. After the application for withdrawal is submitted, if the conditions of external payment and credit rating of the borrower change, and the loan funds independently paid meet the agreed conditions of paragraph 2 (2) of this article, the payment method of loan funds shall be changed. In case of any change in the payment amount, payment object and purpose of the loan under the changed payment method or entrusted payment method, the Borrower shall provide the Lender with a written explanation on the change application, and re-submit the withdrawal application and relevant transaction materials certifying the purpose of the fund.
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Change of Payment Method. If the credit status of Party B decreases and the use of loan funds is abnormal in the process of loan payment, the two parties shall negotiate and change the terms of loan issuance and payment.
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Change of Payment Method. After submitting the Withdrawal Notice, such as the Borrower's external payment, credit rating, etc., the payment method shall be changed if the self-paid loan funds meet the conditions stipulated in Item (2) of Paragraph 2 of this Article. In case of change of payment method or entrusted payment method of external payment amount, payment object, loan purpose, etc., the Borrower shall provide the Lender with a written explanation of the application for change, and submit a new Withdrawal Notice and proof of funds use of relevant transaction information.
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Related to Change of Payment Method

  • Payment Method Payment shall be made by the Contractor to the Subcontractor as follows: (choose one) ☐ - Immediately upon completion of the Services to the satisfaction of the Contractor. ☐ - Within ____ business days after completion of the Services to the satisfaction of the Contractor. ☐ - Shall be paid on a ☐ weekly ☐ monthly ☐ quarterly ☐ other ______________________ basis. If the Subcontractor completes the Services to the satisfaction of the Contractor, before the full amount or balance has been fully paid, any remaining amount shall be payable immediately. ☐ - Other: ________________________________________________________

  • Payment Methods A. Except as otherwise provided by this Contract, the payment method will be one or more of the following:

  • Payment Methodology The Grantee shall be reimbursed for actual, reasonable, and necessary costs based upon the Grant Budget, not to exceed the Maximum Liability established in Section 1. Upon progress toward the completion of the Scope, as described in Section A of this Grant Contract, the Grantee shall submit invoices prior to any reimbursement of allowable costs.

  • Date of Payment Should the principal of or interest on the Notes become due and payable on other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and in the case of principal, interest shall be payable thereon at the rate per annum specified in the Notes during such extension.

  • Time of Payment During the performance of the services provided for in this Agreement, monthly payments shall be made based upon that portion of the services which has been completed. On or about the last day of each calendar month during the performance of the Basic Services to be provided under this Agreement, A/E shall submit to County working documents in any stage of completion to demonstrate incremental progress of Basic Services and the compensation which is due for percentage completion of Basic Services. On or about the last day of each calendar month during the performance of the Additional Services to be provided under Article 7, A/E shall submit to County working documents in any stage of completion to demonstrate incremental progress of Additional Services under an applicable Supplemental Agreement related thereto, and the compensation which is due for percentage completion of particular Additional Services. County shall review the documentation and shall pay each statement as set forth in this Article 8, however, the approval or payment of any statement shall not be considered evidence of performance by A/E to the point indicated by such statement or of receipt or acceptance by County of the services covered by such statement. Final payment does not relieve A/E of the responsibility of correcting any errors or omissions resulting from A/E’s negligence. Upon submittal of the initial invoice, A/E shall provide the County Auditor with an Internal Revenue Form W-9, Request for Taxpayer Identification Number and Certification that is complete in compliance with the Internal Revenue Code, its rules and regulations.