Payment on Completion. On Completion, the Purchaser shall pay the Tranche 1 Completion Consideration in GBP to the Sellers in the proportion set out against their respective names in columns (3) and (5) of Part 1 of Schedule 1 and in the manner set out in Clause 3.2 to the bank account of SATS Ltd. (the “Completion Bank Account”), details of which are set out below, and the Parties hereby acknowledge and agree that the payment by the Purchaser to SATS Ltd. of the Tranche 1 Completion Consideration into the Completion Bank Account in the manner set out in Clause 3.2 shall constitute full and final satisfaction of the payment by the Purchaser to the Sellers of the Tranche 1 Completion Consideration:
Payment on Completion. The agreed purchase price in respect of a Project will be paid on the completion of the Works. Network Rail will verify completion when the works are deemed to be complete in accordance with the Agreement. No milestone or staged payments will apply. In exceptional cases, payment of discrete Deliverables within a Project may be made where it is specifically agreed by Network Rail that such Deliverables qualify as discrete Deliverables in that they can be taken into use and used safely prior to the Project completion. Payments can be made only for agreed completed GRIP 3, 5 and 7 Deliverables. The exception to this is where the GRIP 4 – 7 Design and Build strategy is applied, where the Delivery Agent must take the whole project financing risk until the end of GRIP 7 without further payment. In taking this into account, the Delivery Agent must include any necessary financing charges, assume any cash flow risk and fund any difference between payments . Accordingly, bids must outline whether GRIP Stages 4 to 8 Design and Build strategy is being used. If so, a GRIP Stage 4 gate review will be applied. Payment of deliverables after GRIP Stage 5 is upon completion of the Project and bids should include any necessary financing charges to manage cash flow.
Payment on Completion. 16.1 Payment shall be made upon satisfactory completion of the Contract.
Payment on Completion. On Completion, the Purchaser shall pay the Completion Amount to the Principal Seller.
Payment on Completion. On Completion:
Payment on Completion. On Completion, the Buyer agrees to pay to the Seller to the Mallesons Xxxxxxx Xxxxxx Trust Account (or otherwise as the Seller directs, provided that such direction has been given by the CP Date) the Purchase Price of $16,000,000, less the Deposit Amount.
Payment on Completion. On Completion, the Principal Purchaser shall pay the Completion Amount to the Principal Seller and the Contracts Consideration to the Principal Seller, together with any applicable VAT.
Payment on Completion. At Completion, the Buyer will pay to:
Payment on Completion. At Completion, the Buyer must comply with its obligations under clause 5.1 ("Payments on Completion").
Payment on Completion. The Cash Consideration shall be paid in such manner as may be agreed between the Parties, or if not so agreed, by telegraphic transfer to such account(s) as the Seller may specify in writing no less than two (2) Business Days prior to the prescribed date of payment in accordance with clause 2.2. The receipt of such sums by the Seller shall be an effective discharge of the Buyer’s obligation to pay or procure the payment of such cash payments under this agreement.
