General Payment Terms Clause Samples
The General Payment Terms clause establishes the fundamental rules and expectations regarding how and when payments are to be made under an agreement. It typically outlines the payment schedule, acceptable methods of payment, and any applicable deadlines or late fees. For example, it may specify that invoices are due within 30 days of receipt and detail the consequences of late payment. This clause ensures both parties have a clear understanding of their financial obligations, reducing the risk of disputes and promoting timely fulfillment of payment commitments.
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General Payment Terms. You may pay by credit card or through an account with us payable at the end of the month. If you and we agree that you may establish a standing account with CCC, then the following terms apply: Remit Payment to: Copyright Clearance Center, ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇. Payments Due: Invoices are payable upon their delivery to you (or upon our notice to you that they are available to you for downloading). After 30 days, outstanding amounts will be subject to a service charge of 1-1/2% per month or, if less, the maximum rate allowed by applicable law. Unless otherwise specifically set forth in the Order Confirmation or in a separate written agreement signed by CCC, invoices are due and payable on "net 30" terms. While User may exercise the rights licensed immediately upon issuance of the Order Confirmation, the license is automatically revoked and is null and void, as if it had never been issued, if complete payment for the license is not received on a timely basis either from User directly or through a payment agent, such as a credit card company.
General Payment Terms. All payments due hereunder shall be paid in United States of America dollars by wire transfer and all bank fees for such wire transfers shall be paid by the Company.
General Payment Terms. 2.1. The currency for the Contract is euro (EUR). When necessary, costs shall be converted to euro using the monthly accounting rate for the month in which the cost is incurred as stated on ▇▇▇▇://▇▇.▇▇▇▇▇▇.▇▇/budget/inforeuro/.
2.2. Payment shall be made by EFI within 14 calendar days from receiving invoice, but in any case only following approval of output/deliverables, when such approval is a precondition for payment.
2.3. The obligation for EFI to make payments under the Contract shall end eighteen (18) months after the end of the implementation period, unless the Contract is terminated before that in accordance with these General conditions.
2.4. The Parties shall bear their own costs for any service fees charged by banks or other financial institutions when payments under this Contract are sent or received. Contractor shall however bear all costs charged to EFI by banks and other financial institutions when EFI is unable to transmit payments to Contractor due to incomplete or incorrect banking details given by Contractor or for other reasons independent of EFI. EFI may deduct such costs from payments due to Contractor under this Contract.
2.5. Contractor undertakes to refund to EFI any amounts paid by EFI to Contractor for tasks to be performed and outputs to be delivered which at the date of termination of this Contract have not been performed or delivered (“amounts paid in advance”). Contractor undertakes to refund to EFI amounts paid in advance, within seven (7) days of termination of this Contract. EFI may recover the balance of any amounts paid in advance not refunded as a debt due and payable by Contractor to EFI.
2.6. The Contract price is all-inclusive and EFI will therefore not in addition to this price pay any taxes, costs relating to social security or similar costs. Contractor is liable for, and shall pay taxes, social security contributions and any other charges in accordance with legislation applicable to Contractor.
2.7. Contractor commits to respect applicable legislation with regard to any payment received from EFI, in particular regarding taxation, social security matters and working rights. EFI may inform any tax authority or other authority about any payment made under this Contract.
General Payment Terms. User may pay at time of checkout by credit card or choose to be invoiced. If the User chooses to be invoiced, the User shall: (i) remit payments in the manner identi ed on speci c invoices, (ii) unless otherwise speci cally stated in an Order Con rmation or separate written agreement, Users shall remit payments upon receipt of the relevant invoice from CCC, either by delivery or noti cation of availability of the invoice via the Marketplace platform, and (iii) if the User does not pay the invoice within 30 days of receipt, the User may incur a service charge of 1.5% per month or the maximum rate allowed by applicable law, whichever is less. While User may exercise the rights in the License immediately upon receiving the Order Con rmation, the License is automatically revoked and is null and void, as if it had never been issued, if CCC does not receive complete payment on a timely basis.
General Payment Terms. The Base Rents Costs, Additional Rent and all other sums payable by Tenant to Landlord hereunder are referred to as the “Rent.” All Rent shall be paid without deduction, offset or abatement in lawful money of the United States of America. Rent for any partial month during the Term shall be prorated for the portion thereof falling due within the Term.
General Payment Terms. The Interconnecting Customer shall be responsible for the System Modification costs and payment terms identified in Attachment 3of this Agreement and any approved cost increases pursuant to the terms of the Interconnection Tariff. Interconnecting Customers shall not be required to pay any costs related to Company infrastructure upgrades or System Modifications upon execution of the Interconnection Service Agreement (or once the Interconnecting Customer receives the construction schedule). Interconnecting Customers shall have 120 Business Days from the date of execution of an Interconnection Service Agreement to pay 25 percent of those costs; if an Interconnecting Customer pays such cost within the 120 Business Day Time Frame, the Interconnecting Customer shall have an additional 120 Business Days from the date of first payment to pay the remainder of the costs. If the system modifications exceed $25,000, the Interconnecting Customer is eligible for a payment plan, including a payment and construction schedule with milestones for both parties, and any such payment plan shall be set forth in Attachment 3. The payment plan may include a payment schedule different than the 120 Business Day payment schedule requirements set forth in this paragraph above.
5.1. Cost or Fee Adjustment Procedures. The Company will, in writing, advise the Interconnecting Customer in advance of any cost increase for work to be performed up to a total amount of increase of 10% only. All costs that exceed the 10% increase cap will be borne solely by the Company. Interconnecting Customers who elected to execute an Interconnection Services Agreement following the completion of the Impact Study but prior to the commencement of any Design Studies, pursuant to Section 3.4(e) of the Interconnection Tariff, shall be responsible for any System Modifications costs, ±25%, as identified by the Company in the Impact Study. Any such changes to the Company’s costs for the work shall be subject to the Interconnecting Customer’s consent. The Interconnecting Customer shall, within thirty (30) Business Days of the Company’s notice of increase, authorize such increase and make payment in the amount up to the 10% increase cap, or the Company will suspend the work and the corresponding agreement will terminate.
General Payment Terms. In consideration of Insecure’s provision and license of Npcap hereunder, Licensee shall pay License Fees to Insecure.
General Payment Terms. 2.1. The currency for the Contract is euro (EUR). When necessary, costs shall be converted to euro using the monthly accounting rate for the month in which the cost is incurred as stated on ▇▇▇▇▇://▇▇.▇▇▇▇▇▇.▇▇/info/funding-tenders/procedures- guidelines-tenders/information-contractors-and-beneficiaries/exchange-rate- inforeuro_en.
2.2. Payment shall be made by EFI within 14 calendar days from receiving invoice, but in any case only following approval of output/deliverables, when such approval is a precondition for payment.
2.3. The obligation for EFI to make payments under the Contract shall end eighteen (18) months after the end of the implementation period, unless the Contract is terminated before that in accordance with these General conditions.
2.4. The Parties shall bear their own costs for any service fees charged by banks or other financial institutions when payments under this Contract are sent or received. Contractor shall however bear all costs charged to EFI by banks and other financial institutions when EFI is unable to transmit payments to Contractor due to incomplete or incorrect banking details given by Contractor or for other reasons independent of EFI. EFI may deduct such costs from payments due to Contractor under this Contract.
2.5. Contractor undertakes to refund to EFI any amounts paid by EFI to Contractor for tasks to be performed and outputs to be delivered which at the date of termination of this Contract have not been performed or delivered (“amounts paid in advance”). Contractor undertakes to refund to EFI amounts paid in advance, within seven (7) days of termination of this Contract. EFI may recover the balance of any amounts paid in advance not refunded as a debt due and payable by Contractor to EFI.
2.6. The Contract price is all-inclusive and EFI will therefore not in addition to this price pay any taxes, costs relating to social security or similar costs. Contractor is liable for, and shall pay taxes, social security contributions and any other charges in accordance with legislation applicable to Contractor.
2.7. Contractor commits to respect applicable legislation with regard to any payment received from EFI, in particular regarding taxation, social security matters and working rights. EFI may inform any tax authority or other authority about any payment made under this Contract.
General Payment Terms. The Base Rent, Additional Rent and all other sums payable by Tenant to Landlord hereunder, including, without limitation, any late charges assessed pursuant to Paragraph 6 below and any interest assessed pursuant to Paragraph 44 below, are referred to as the “Rent”. All Rent shall be paid without deduction, offset or abatement in lawful money of the United States of America. Checks are to be made payable to Britphil & Co (US) LTD. and shall be mailed to Landlord’s address for payments listed in the Basic Lease Information or to such other person or place as Landlord may, from time to time, designate to Tenant in writing. The Rent for any fractional part of a calendar month at the commencement or termination of the Term shall be a prorated amount of the Rent for a full calendar month based upon a thirty (30) day month.
General Payment Terms. During your lifetime, we will make monthly payments to you equal to your Covered Life Amount. We owe the first monthly payment on the Annuity Commencement Date. We will pay subsequent monthly payments on the first day of each month. Our last monthly payment to you will be on the first day of the month in which you die. After you die, we may owe additional monthly payments. We will owe additional monthly payments if your Contingent Life (as specified in the Table of Information) is your spouse and is alive when you die. We will pay the first payment on the first day of the month following your death. We will pay subsequent monthly payments on the first day of each month. We will pay the last payment on the first day of the month in which such Contingent Life dies. The amount of the payments will equal the Contingent Life Amount. If you have a Refund Death Benefit Rider, we may owe a Refund Death Benefit to the designated Beneficiary for your Annuity Form. After both you and your Contingent Life die, we will determine if we owe such payment. The following explains how we will determine if a payment is owed by us under this rider. The amount of the Refund Death Benefit, if any, will equal the Maximum Refund Death Benefit (as specified in the Table of Information) less the Pre 1985 Part B Primary Amounts and the Post 1985 Part B Primary Amounts (as specified in the Table of Information) paid by us after the Annuity Commencement Date to you, to your Contingent Life (or to any related alternate payee, arising, for example, from a domestic relations order).