Current Payment Clause Samples
The Current Payment clause defines the obligation for one party to make payments that are due and payable at the present time under the terms of the agreement. Typically, this clause specifies the timing, method, and conditions under which payments must be made, such as requiring payment upon receipt of an invoice or by a certain date each month. Its core practical function is to ensure timely and predictable cash flow between parties, reducing the risk of late payments and disputes over when payments are owed.
Current Payment. The Service Provider will debit the End User’s Billable Account within two (2) Business Days after the End User submits the request for payment, or otherwise as required under the rules of NACHA.
Current Payment. Concurrently with its execution and delivery of this First Amendment, Tenant shall pay Landlord the sum of $83,000.00; $42,000.00 of such sum shall be applied to the Payable Amount (as hereinafter defined) for the months of April, May, and June 2003, $8,000.00 of such sum shall be applied as payment under the Flamenco Sublease for the month of April 2003 (as set forth in Section 4(a), below), and the remainder of $33,000.00 shall constitute the security deposit referenced in Section 2(c), below.
Current Payment. Concurrently with Tenant’s execution and delivery of this Amendment to Landlord, Tenant shall pay the sum of Two Million Seven Hundred Forty-Six Thousand Two Hundred Twenty-Four Dollars ($2,746,224.00) to Landlord as and for prepaid Basic Rent for the period of October 1, 2003 through June 30, 2004.
Current Payment. The Developer, at the time the GF Plant is Finally Completed, shall pay the sewer hookup fee in an amount equal to $ , which amount is derived by applying the City’s sewer connection fee formula (total square footage divided by 200, and the result from this quotient then multiplied by the $8.00 fee) to the total net square footage of the Current Development Area. As used in this Section 5.2.2(a), the Current Development Area is the GF Plant Land currently being developed, and is depicted and labelled on Exhibit 1.36 as the “Current Development Area.” The total net square footage of the Current Development Area shall be the total square footage of the Current Development Area less the square footage of dedicated right of way land and other land required for City Infrastructure within Current Development Area. As depicted on Exhibit 1.36, the total square footage of the Current Development Area is , and square footage of dedicated right of way land and other land required for City Infrastructure within the Current Development Area is , resulting in the total net square footage of the Current Development Land, for purposes of determining the sewer connection fee payable under this Section 5.2.2(a), being square feet.