PAYMENT AT COMPLETION Clause Samples
The "Payment at Completion" clause stipulates that payment for goods or services is due only after the agreed work has been fully completed or the deliverables have been provided. In practice, this means the client or buyer is not required to make any payments until the contractor or seller has fulfilled all contractual obligations, such as finishing a construction project or delivering a finished product. This clause ensures that the paying party is protected from making payments before receiving the promised results, thereby reducing the risk of incomplete or unsatisfactory performance.
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PAYMENT AT COMPLETION. The Buyer must pay the Purchase Price to the Seller at Completion.
PAYMENT AT COMPLETION. It is acknowledged that under the Co-ordination Agreement, an amount must be paid at Completion by the Buyer to Pacific Dunlop Limited (or as otherwise directed by it) on behalf of the Seller.
PAYMENT AT COMPLETION. At Completion, each Initial Noteholder must pay, or cause to be paid, to the Company the Subscription Payment in Same Day Funds.
PAYMENT AT COMPLETION. At Completion, the Purchaser shall:
(a) pay to the Seller:
(i) the Enterprise Value; minus
(ii) a sum equal to the Estimated Financial Debt; and
(b) repay the Estimated Seller Group Debt on behalf of the relevant Target Group Companies and that repayment shall give rise to an inter-company loan between the Purchaser and the relevant Target Group Company on terms to be documented between them.
PAYMENT AT COMPLETION. At Completion the Purchaser shall pay to the Seller in cash:
(a) the Initial Purchase Price; plus
(b) a sum equal to the Estimated Cash; minus
(c) a sum equal to the Estimated Financial Debt; plus
(d) the amount by which the Estimated Net Working Capital exceeds the Estimated Target Net Working Capital or minus an amount by which the Estimated Net Working Capital falls short of the Estimated Target Net Working Capital, as applicable; minus
(e) the W&I Policy Contribution.
PAYMENT AT COMPLETION. (a) At Completion the Principal Buyer on behalf of the Buyer Group Companies must pay $572,942,000 to PDL on behalf of the Seller Group Companies (or as otherwise directed by it) in Immediately Available Funds.
(b) In addition to the amount payable under clause 3.3(a), the Principal Buyer on behalf of the Buyer Group Companies who are parties to the Assets Agreement Australia must, at Completion, pay $156,658,000 to PDL on behalf of the Seller Group Companies who are parties to the Assets Agreement Australia (or as otherwise directed by it) in Immediately Available Funds on account of the receivables payment due under clause 7.3(a)(1) of that agreement.
PAYMENT AT COMPLETION. Subject to the Sellers' performance of their obligations under clauses 7.2 and 7.3, at Completion the Buyer must pay to:
(a) Lobike the Lobike Purchase Price in Immediately Available Funds;
(b) Locana the Locana Purchase Price in Immediately Available Funds;
(c) Lofiva the Lofiva Purchase Price in Immediately Available Funds; and
(d) Logela the Logela Purchase Price in Immediately Available Funds.