Demands for Payment Clause Samples
The Demands for Payment clause establishes the process by which one party can formally request payment from another under the terms of the agreement. Typically, this clause outlines the required format for making a demand, such as written notice, and may specify supporting documentation or deadlines for payment. Its core function is to ensure that payment requests are made in a clear, standardized manner, reducing disputes and providing a transparent mechanism for enforcing financial obligations.
Demands for Payment. Each demand for payment pursuant to Section 2.2 hereof shall be made in accordance with the terms of Section 18 hereof. Demands for payment hereunder may be made on any number of occasions. A dated statement signed by an officer of the Bank and setting forth the amount of the Obligations at the time owing to the Bank, or (as the case may be) setting forth the amount of the obligations at the time owing by the Guarantor to the Bank pursuant to Section 9 hereof, shall, save for manifest error, be prima facie evidence thereof as between the Guarantor and the Bank in any legal proceedings against the Guarantor in connection with this Guaranty.
Demands for Payment. Demands for payment of cash in respect to Appraisal Shares shall not have been received with respect to more than 5% of the outstanding shares of Company Common Stock.
Demands for Payment. That upon the happening or occurrence of any of the following: (i) the maturity or acceleration of the amounts or Obligations secured hereunder; or (ii) any demand for payment under the Agreement or any other related document in connection therewith by the Secured Party, then the Debtor shall be deemed to be in default hereunder and all of the Obligations then existing and/or secured hereunder shall, at the option of the Secured Party, become due and payable forthwith, without demand upon or notice to the Debtor. Furthermore, upon such happening or occurrence of the events described in this paragraph (a), the Secured Party shall have and may, in its sole discretion, exercise, invoke or enforce any and all of the rights and remedies set forth in the following subparagraphs (b) through (d):
Demands for Payment. For the avoidance of doubt, the Developer confirms that any personnel costs funded by the NZTC are based upon the Developers fully burdened cost rate (i.e. reflect payroll burden only). The Developer will be required to evidence each individual cost rate from the Developer’s PAYE records. The Developer is also required to provide PAYE evidence of the individuals cost rate at the point of three
Demands for Payment. Subject to the foregoing and the further provisions of this Letter of Credit, a demand for payment may be made by you by presentation to us, at Manufacturers and Traders Trust Company, 15th Floor, Suite 1501, 2▇ ▇. ▇▇▇▇▇▇▇ Street, Baltimore, Maryland 21201, of an executed:
Demands for Payment. Upon the occurrence and during the continuance of a Forbearance Default, the Collateral Agent shall have and may, in his or its sole discretion, exercise, invoke or enforce any and all of the rights and remedies set forth in the following subparagraphs (b) through (d):
Demands for Payment