Payment and Security. The Security Trustee or any Finance Party may retain and pay out of any money in the hands of the Security Trustee or such Finance Party all sums necessary to effect the indemnity contained in this Clause and all sums payable by any Chargor under this Clause shall form part of the monies hereby secured.
Payment and Security. 35.1 The Employer will provide an Advance Payment on the Contract Price as stipulated in the Conditions of Contract, subject to maximum amount, as stated in the Contract Data.
Payment and Security. 6.1 The Supplier has the right to invoice from the moment of formation of an Agreement. Unless expressly agreed otherwise in writing, payment shall be made within 30 calendar days of the invoice date. Payment must be made in GBP and without any set-off, discount and/or suspension.
Payment and Security. The Security Trustee or the Receiver may retain and pay out of any money in the hands of the Security Trustee or the Receiver all sums necessary to effect the indemnity contained in this Clause and all sums payable by the Mortgagor under this Clause shall form part of the monies hereby secured.
Payment and Security. Payment shall be made by Customer within [***] of invoice date. For the purpose of securing payment of amounts due FDMX from the Customer hereunder, Customer hereby grants to FDMX: (i) a continuing first purchase money security interest in the products to be shipped hereunder, and all accessions thereto and substitutions therefor; and (ii) a continuing purchase money security interest in all of the proceeds of the foregoing. If Customer fails to make payment to FDMX of any invoice for products shipped by FDMX within [***] of the date of such invoice, or should Customer become insolvent or be a party to any bankruptcy or receivership proceeding prior to full payment of all amounts payable hereunder, FDMX may, notwithstanding any other provisions herein set forth, exercise any or all of its rights as a secured creditor under applicable law, including without limitation: (a) refuse to make further shipments to Customer; (b) with or without demand or notice to Customer declare the entire amount unpaid immediately due and payable; and (c) sell any or all of said products as permitted under applicable law, applying the proceeds of the sale to the expenses of retaking, repairing and selling said products, reasonable attorney’s fees and to the satisfaction of all indebtedness then due and unpaid. Any surplus shall be paid to Customer and any deficiency shall be paid to FDMX by Customer. All past due amounts shall accrue delinquency charges at the rate of [***]% ([***] percent) per month. The foregoing notwithstanding, as to orders including any special or custom-made equipment and as to any Customer which FDMX in its sole discretion determines to have insufficient credit worthiness, FDMX reserves the right to require all or a portion of the invoice amount in advance if commencing work on an order, and, as the case may be, a portion upon shipment and the balance within [***] of invoice. For orders shipped outside the United States payment may be made by bank draft (on a bank acceptable to FDMX) or by confirmed, irrevocable letter of credit (naming FDMX as beneficiary) with order or other terms as arranged by FDMX. Any charges related to such letter of credit or other payment arrangement shall be for Customer’s account. Nothing herein shall require FDMX to ship FDMX Products to Customer if any of the requirements in this Schedule are not fulfilled by Customer. DELIVERY: Delivery to a public carrier at FDMX’s manufacturing facility, consigned as Customer directs, sha...
Payment and Security. 35.1 The Employer will provide an Advance Payment on the Contract Price as stipulated in the Conditions of Contract, subject to maximum amount, as stated in the Contract Data. The Employer shall make mobilization advance payment to the Contractor an amount of 5% of the contract price, against provision by the Contractor of irrevocable Bank Guarantee in a form and by a bank acceptable to the Employer in amounts and currencies equal to the advance payment. The guarantee shall remain effective until the advance payment has been repaid, but the amount of the guarantee shall be progressively reduced by the amounts repaid by the contractor. Interest will be charged at an interest rate 14.5% on the advance payment. The Contractor is to use the advance payment only to pay for Equipment, Plant and Mobilisation expenses required specifically for execution of the works. The contractor shall demonstrate that advance payment has been used in this way by supplying copies of invoices or other documents to the Engineer. The advance payment shall be repaid by deducting proportionate amounts from payments otherwise due to the Contractor, following the schedule of completed percentages of the works on a payment basis. No account shall be taken of the advance payment or its repayment in assessing valuations of work done.
Payment and Security. 13.1 Forestry Tasmania will be entitled to demand, by way of invoice, payment for a Billet as soon as the Purchaser or its agent has taken possession of that Billet. Forestry Tasmania will use reasonable endeavours to provide an invoice, supported by the relevant dockets, to the Purchaser within five Business Days of the end of the month in which supply was made.
Payment and Security. The Junior Lender may retain and pay out of any money in the Junior Lender's hands all sums necessary to effect the indemnity contained in this Clause 11 and all sums payable by the Borrower under this Clause 11 shall form part of the monies hereby secured.
Payment and Security. The Security Agent and any Receiver may retain and -------------------- pay out of any money in the Security Agent's or (as the case may be) Receiver's hands all sums necessary to effect the payments, obligations and indemnities contained in Clause 11 (Costs, Charges and Expenses) and Clause 12 (Indemnities and Currencies) and all sums payable by any Obligor under Clause 11 and Clause 12 shall form part of the monies hereby secured. Credit Agreement dated October 30, 2000 Schedule 7
Payment and Security. 5.1. The Principal shall pay to the Forwarder the agreed remuneration and other costs, freights, duties, etc., arising from the contract and/or these Conditions, upon arrival or dispatch of goods which are being received or forwarded respectively. The risk of exchange rate fluctuations shall be borne by the Principal. The agreed remuneration and other resulting costs, freights, rights, etc., arising from the contract and/or these Conditions, shall also be due if in the performance of the contract damage has occurred.
