Payment Deduction Clause Samples

Payment Deduction. 9.1 If the Merchant fails to pay any amount as stipulated in this contract (including but not limited to exhibition service fees, booth usage deposits, decoration project deposits, liquidated damages), the merchant shall pay a late payment penalty of 0.3% of the unpaid amount per day. Starting from the day after the latest payment deadline of the merchant, the Merchant agrees and authorizes Red Star Macalline to deduct the corresponding amount from the Merchant's payment on its own or designate a third party. If it is not possible to deduct the amount from the Merchant's payment, the shortfall after deduction must still be made up by the merchant The parties agree that Red Star Macalline or designated third parties have the right to deduct the outstanding payments from Merchants in the following order: 1. quality guarantee deposit; 2. deposit for booth usage; 3. Display Service Fee; 4. service deposit, telecommunications facility deposit, decoration project deposit, service fee, air conditioning fee; 5. penalty for breach of contract. The expenses in the same deduction order are not in any particular order. If there are other expenses that need to be deducted, the actual deduction order of Red Star Macalline or designated third parties shall prevail. 9.2 If the Merchant violates any provisions of this contract (including but not limited to special terms, general terms, and all attachments) and is required to pay a penalty to Red Star Macalline, the Merchant agrees and authorizes Red Star Macalline to deduct the corresponding amount from the Merchant's payment on its own or designate a third party. The shortfall after deduction must still be made up by the merchant.

Payment Deduction. In the event PARTNER shall fail to make payment on Liquidated Damages referred to above, then TELKOM shall be entitled to Liquidated Damages amounts so imposed by means of deducting forthwith from payment of AGREEMENT PRICE.

Payment Deduction. Contractor performance will be compared to contract requirements and AQLs using the Government qualityassurance surveillance plan. If the performance in any required service lot is unsatisfactory, and poor performance is clearly the fault of the Contractor, monthly payments to the Contractor may be reduced by the Contracting Officer. Deductions may also be taken by the Government for defective individual services not satisfactorily performed and/or reperformed by the Contractor based on such factors to include but not limited to criticality, recurrences, and administrative costs to the Government; deductions will be made based on the example given for requirements not surveyed by random sampling. The amount of money to be permanently deducted for unsatisfactory performance will be computed as follows based on the method of surveillance used by the Government.

Payment Deduction. In the event the Provider fails to correct an identified deficiency within the timeline specified in the CAP, ElderSource shall deduct, from the payment for the invoice of the following month, 1% of the monthly value of the contract for each day the deficiency is not corrected. If Contractor fails to timely submit a CAP plan, ElderSource shall deduct 1% of the monthly value of the contract for each day the CAP is overdue, beginning the 11th day after notification by the contract manager of the deficiency. The deduction will be made from the payment for the invoice of the following month. If, or to the extent, there is any conflict between this paragraph and paragraphs 39 and 39.1 of the Master contract, this paragraph shall have precedence 1. FEDERAL RESOURCES AWARDED TO THE PROVIDER PURSUANT TO THIS CONTRACT CONSIST OF THE FOLLOWING: PROGRAM TITLE FUNDING SOURCE CFDA AMOUNT COMPLIANCE REQUIREMENTS APPLICABLE TO THE FEDERAL RESOURCES AWARDED PURSUANT TO THIS CONTRACT ARE AS FOLLOWS: N/A

Payment Deduction a) Subject to 2.1.4(b), CitiStreet may deduct payment for any day in which an employee cannot be usefully employed because of any stoppage of work by any cause for which the Company cannot reasonably be held responsible, excluding downturn of business. b) No deduction of payment will occur: i) For the first five days in which an employee cannot be usefully employed as a result of any stoppage of work referred to in sub-clause 2.1.4(a). ii) In situations where Company insurance provides for the ongoing payment of an employee’s wages during any stoppage referred to in sub-clause 2.1.4(a), or compensates for payment of wages during such stoppages.

Payment Deduction. 5.1 The Monthly Fee will be will charged by Pendant Alert Systems (PAS), not by GSP. The fee from PAS includes a) ACM monthly fees; and b) SIM fees.