Payment Hold Clause Samples
A Payment Hold clause allows one party to temporarily withhold payment under certain specified circumstances. Typically, this clause is triggered if there is a dispute over the quality of goods or services delivered, incomplete performance, or a breach of contract terms. By enabling the withholding of funds until issues are resolved, the clause protects the paying party from the risk of paying for unsatisfactory or undelivered work, thereby encouraging compliance and providing leverage to ensure contractual obligations are met.
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Payment Hold. PCORI reserves the right to withhold payments on a Contract at any time, in cases where the Recipient is non-compliant or in breach of this Contract. Such cases include, but are not limited to failure to submit proper documentation or reports by the appropriate due date, submission of unsatisfactory reports, failure to meet approved milestones, or failure to submit appropriate and updated IRB approvals, as determined at PCORI’s reasonable discretion. Payments will be reinstated when all outstanding documentation and/or reports have been approved by PCORI and/or all required corrective measures have been taken and documented.
Payment Hold a. You agree that if either:
1. you receive a payment that involves Transaction Risk; or
2. there may be a higher than acceptable level of risk or exposure associated with your Account (based on the information available to PayPal at the relevant time and what in its sole discretion it regards as an acceptable level of risk or exposure to PayPal, its customers and/or its service providers under all the circumstances). PayPal may in its sole discretion (acting reasonably) place a hold on that or any payment. If PayPal places a hold on funds in your Account, we will notify you about it (including, without limitation, how long the hold may last) - the funds will be held in your Reserve Account and those funds will be shown as “pending” in your PayPal Balance. We may notify you about the hold through authorised third parties (such as partner platforms on which you transact).
b. PayPal will release the hold made on your payment under this provision when PayPal determines that the Transaction Risk or risk or exposure associated with your Account no longer exists. Please note that, notwithstanding the above, if you receive a Dispute, Claim, Chargeback, or Reversal on the transaction payment subject to the hold, the funds (or an amount equal to the relevant payment) may be held in your Reserve Account until the matter is resolved pursuant to this Agreement.
c. You agree to provide to PayPal any information as PayPal may reasonably request to allow PayPal to determine whether the Transaction Risk or risk or exposure to your Account has passed. You may close your Account if you object to the hold under this provision. If your Account is closed for any reason, PayPal has the right to hold a payment under this provision for a period of up to 180 days from the date the complete obligations under the contract for sale (to which the payment in question relates) have been discharged.
Payment Hold. PCORI reserves the right to withhold payments on this Agreement, including any Project Statement, at any time, in cases where Recipient is noncompliant or in breach of this Agreement, including any Project Statement. Such cases include, but are not limited to, failure to submit proper documentation or reports by the appropriate due date, submission of unsatisfactory reports, failure to meet approved milestones, or failure to submit appropriate and updated IRB approvals, as determined at PCORI’s reasonable discretion. Payments may be reinstated when all outstanding documentation and/or reports have been approved by PCORI and/or all required corrective measures have been taken and documented to PCORI’s satisfaction.
Payment Hold. 26.1. You agree that if either:
26.1.1. You process a transaction that involves Transaction Risk; or
26.1.2. there may be a higher than acceptable level of risk or exposure associated with your E-Wallet (based on the information available to SendSpend at the relevant time and what in its sole discretion it regards as an acceptable level of risk or exposure to SendSpend, its customers and/or its service providers under all the circumstances). SendSpend may in its sole discretion (acting reasonably) place a hold on that or any transaction. If SendSpend places a hold on funds in your E-Wallet, we will notify you about it, including, without limitation, how long the hold may last.
26.2. SendSpend will release the hold made on your transaction under this provision when SendSpend determines that the Transaction Risk or risk or exposure associated with your E-Wallet no longer exists.
26.3. You agree to provide to SendSpend any information as SendSpend may reasonably request to allow SendSpend to determine whether the Transaction Risk or risk or exposure to your E-Wallet has passed. You may close your E-Wallet if you object to the hold under this provision. If your E-Wallet is closed for any reason, SendSpend has the right to hold a payment under this provision for a period of up to 180 days.