PAYMENT BY YOU Clause Samples
The 'PAYMENT BY YOU' clause sets out the obligations of the party responsible for making payments under the agreement. It typically details when payments are due, acceptable methods of payment, and any consequences for late or missed payments, such as interest charges or penalties. By clearly defining these terms, the clause ensures both parties understand their financial responsibilities and helps prevent disputes over payment timing or methods.
PAYMENT BY YOU. This Award was granted in consideration of your services for the Company. Subject to Section 10 below, except as otherwise provided in the Grant Notice, you will not be required to make any payment to the Company (other than your past and future services for the Company) with respect to your receipt of the Award, vesting of the Stock Units, or the delivery of the shares of Common Stock underlying the Stock Units.
PAYMENT BY YOU. Subject to Section 10 below, except as otherwise provided herein or under applicable law, you will not be required to make any payment to the Company with respect to your receipt of the Award, vesting of the Restricted Stock Units, or the delivery of the shares of Common Stock underlying the Restricted Stock Units.
PAYMENT BY YOU. This Award was granted in consideration of your services for the Company. Subject to Section 7 below, except as otherwise provided in the Grant Notice, you will not be required to make any payment to the Company (other than your past and future services for the Company) with respect to your receipt of the Award, vesting of the RSUs, or the delivery of the shares of Common Stock underlying the RSUs.
PAYMENT BY YOU. You must pay all property taxes when they are due. You must pay all other charges on the property when they are due. The charges include amounts under an encumbrance on the property. If we ask in writing you must give us a receipt or other proof that you have paid every property tax and other charge.
PAYMENT BY YOU. Before effecting any purchase (in any currency) you are required to deposit cleared funds in your Cash Management Account by agreed means for the full amount of the purchase price or other consideration for the Transaction, together with the amount of any applicable fees and charges payable on the Transaction. The Custodian shall be entitled not to act on any instructions where you fail to deposit cleared funds in your Account.
PAYMENT BY YOU. 3.11.1 Where you have to pay for Securities bought (whether in New Zealand dollars or a foreign currency), you must immediately pay us the full amount required in respect of the relevant Transaction in cleared and immediately available funds, by agreed means. You shall immediately advise us of details of the payment.
3.11.2 Payments made by you to us may not be paid in cash and must be deposited into a Client Funds Account operated by SSP in accordance with NZX Participant Rules. SSP maintain client funds trust accounts in the following currencies: NZD, AUD, GBP and USD.
3.11.3 Where payment is not made within 2 Business Days, we may exercise the right of setoff herein provided for by clause 3.11.4 against the amount owing.
3.11.4 In regard to any amount owing by you pursuant to any provision of this agreement whether to SSP or any other party where SSP is undertaking the transaction SSP has the right to deduct such sum from any moneys which it holds on your behalf pursuant to any other provision of this Agreement without notice to you. SSP however undertakes in the event of such situation arising to advise you immediately upon the occurrence of any setoff.
3.11.5 SSP may not make payment in cash to a client or a person who holds a power of attorney for a client.
PAYMENT BY YOU. 26.1. You must pay us in full in cleared and transferable funds the amount of any Transaction, and any applicable service fees before we will pay, transmit or exchange any funds for you (unless we otherwise agree in our sole discretion).
26.2. You must make all payments to us in full without any deduction, set off, or counterclaim or withholding of any kind. We are not obliged to make a payment or facilitate a Transaction while you are in default. Terms and Conditions Agreement Page 17 of 52
26.3. You agree that all rights, title and interest to and in any payment which you transfer us in respect of a Transaction under this Agreement vests in the recipient clear of any liens, charges, encumbrances or other interest of the transferor or any third party.
26.4. When you make any payment, which is subject to any withholding or deduction under this Agreement, you must pay us an amount that ensures that the amount actually received by us is equal to the full amount we would have received had no withholding or deduction been made.
26.5. Unless otherwise provided in this Agreement, all amounts due to us will, in our discretion:
(a) be deducted from any funds held by us for you; or
(b) be paid by you in accordance with this Agreement.
PAYMENT BY YOU. The Fees are payable prior to the start of the Initial Term or Renewal Term, as applicable. We may suspend or terminate your access to the Software if Fees are overdue.
PAYMENT BY YOU. 3.6.1 Where you have to pay for Financial Products bought (whether in New Zealand dollars or a foreign currency), you must immediately pay us the full amount required in respect of the relevant Transaction in cleared and immediately available funds, by agreed means. You shall immediately advise us of details of the payment.
3.6.2 Payments made by you to us may not be paid in cash and must be deposited into a Client Funds Account operated by SSP in accordance with NZX Rules. SSP maintain client funds trust accounts in the following currencies: NZD, AUD, GBP and USD.
3.6.3 Where payment is not made within 2 Business Days, we may exercise the right of setoff provided for by clause 3.6.4 against the amount owing.
3.6.4 In regard to any amount owing by you pursuant to any provision of these Terms and Conditions whether to SSP or any other party where SSP is undertaking the transaction, SSP has the right to deduct such sum from any moneys which it holds on your behalf pursuant to any other provision of these Terms and Conditions without notice to you. SSP however undertakes in the event of such situation arising to advise you upon the occurrence of any setoff.
3.6.5 You acknowledge that to the extent necessary to repay all moneys due from you to us under these Terms and Conditions, you grant us a security interest over your Financial Products and the funds in your Account.
3.6.6 SSP may not make payment in cash to you or a person who holds a power of attorney for you.
3.6.7 Unless otherwise expressly agreed, a Transaction must be settled in the currency of the market in which the Transaction was or will be effected. For the purposes of any conversion into or from New Zealand dollars, the exchange rate will be that applicable on the date on which the Transaction was effected or through to the time when the conversion was effected, at the discretion of SSP. SSP may take a margin on the exchange rate (and the exchange rate disclosed on the Contract Note will be marked-up or marked- down from the exchange rate at which SSP contracts with the relevant bank).
3.6.8 If payment for Financial Products bought is not made by the required date, any Financial Products registered in your name must be returned to us. You hereby grant us an irrevocable power of attorney, exercisable in the event of a non-payment by you as outlined in clause 3.6, in your name and on your behalf to take such actions and sign such documents as are necessary to register the relevant Financial Produ...
PAYMENT BY YOU. All fees, costs and expenses are payable by You on presentation of a valid Tax Invoice. Mutual Trust’s terms of payment are fourteen days from the date of invoice, unless otherwise agreed. Subject to law, and unless You have provided written instructions to the contrary, You authorise Mutual Trust to pay:
i. all fees, costs and expenses invoiced to You; and
ii. all other amounts properly payable by You under Your Services Agreement (including, without limitation, any amounts payable by You under any indemnities in favour of Mutual Trust or any Sub- Custodian under Your Services Agreement), by deduction from Your Cash Fund Account or the Bank Account. You agree to ensure that sufficient funds are held in Your Cash Fund Account or Bank Account to pay all amounts payable by You under Your Services Agreement as and when they become payable. If at any time there are insufficient funds in Your Cash Fund Account and / or the Bank Account for payment of any amount payable by You under Your Services Agreement, or Mutual Trust is otherwise unable to obtain payment from Your Cash Fund Account or Bank Account in respect of such an amount, You agree to pay the outstanding balance of such an amount directly to Mutual Trust within 14 days of a written request to do so.