Monetary Conditions Clause Samples
The Monetary Conditions clause sets out the financial terms and requirements that govern the agreement. It typically details payment amounts, schedules, acceptable methods of payment, and any conditions that must be met for payments to be made, such as the completion of certain milestones or the provision of invoices. By clearly defining these monetary expectations, the clause helps prevent disputes over payments and ensures both parties understand their financial obligations under the contract.
Monetary Conditions. Are the tables or formulas to figure out the surcharges and bonuses by Quality of the Hydrocarbon and the deductions for commercial items that will be applied on the Transportation Fee per Segment.
Monetary Conditions. Without prejudice to the foregoing, the Transporter may agree with the Senders the Monetary Conditions about the Transportation Fee, in consideration of the commercial and technical concepts listed below, including but not limited to: ▪ Commercial Conditions ▪ Contracted Capacity ▪ Contracted Term ▪ Type of Contract ▪ Terms of Payment ▪ Crude oil quality
Monetary Conditions. Where applicable, refers to the tables or formulae used to calculate the surcharges and discounts applicable to the Transport Rate for commercial concepts.