Flex Payment Plan Sample Clauses
A Flex Payment Plan clause establishes a flexible schedule for making payments under a contract, allowing parties to agree on alternative payment arrangements beyond standard fixed installments. This clause may permit payments to be made in varying amounts or at different intervals, such as biweekly, monthly, or upon reaching certain project milestones, depending on the parties' needs. Its core practical function is to provide adaptability in financial obligations, accommodating cash flow variations and reducing the risk of default by aligning payment terms with the payer's financial situation.
Flex Payment Plan. The general terms and conditions of the “Flex payment plan” are as follows; Exhibitor agrees to the terms of the “Flex payment plan” by selecting it as a payment method. After the initial deposit, the balance remaining will be due via a 90 day equal payment installment plan. A default is defined as 30 days past due on a single installment. In the event of a default see Para 8. (Refunds, Cancellation, Defaults and Credits). Exhibitor agrees that if I choose the “Flex payment plan option” I agree to the terms and conditions (payment dates & amounts) of the agreement, and I am the authorized user of the account information provided and agree to the amount to be debited or charged as stated in the plan. Furthermore I agree, if no funds are available at the time payment is due, a $5.00 NSF fee will be assessed.
Flex Payment Plan. Individuals interested in entering into an agreement for the 2020 summer season may pay 50% of the calculated slip or storage fee as a deposit before the date of May 5th and pay the remaining 50% by June 5th. Failure to make the second 50% payment by June 5th will result in termination of the slip or storage rental agreement, loss of the deposit and require the boat under agreement to depart from the Marina premises by June 6th. Payments must be made in whole for both amounts and be made via credit/debit card or check.