Payments and Evidence of Debt Clause Samples

The "Payments and Evidence of Debt" clause defines how payments under the agreement are to be made and establishes the methods for recording and verifying outstanding amounts owed. Typically, this clause outlines the acceptable forms of payment, the timing and manner in which payments must be delivered, and the maintenance of records such as account statements or ledgers that serve as evidence of the debt. By specifying these procedures, the clause ensures both parties have a clear and agreed-upon process for tracking payments and outstanding balances, thereby reducing the risk of disputes over amounts due or payment history.
Payments and Evidence of Debt. All payments by the Trustee under this Agreement shall be made to the Company in immediately available funds to the Company's account (to be advised), or to such other account as the Company shall notify in writing to the Trustee, on the relevant due date together with written advice of such payment to the Company.
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Payments and Evidence of Debt. 9.01 On each date on which an amount is due from the Borrower hereunder, the Borrower shall before 5:00p.m. (Hong Kong Time) on the due date remit the amount in immediately available funds to the Lender in US Dollars by electronic bank transfer to the Lender’s designated bank accounts, the details of which are set out below: Account Name: xxxxxx Bank: xxxxxx Address: xxxxxx Swift Code: xxxxxx Bank Account No.: xxxxxx INNOVATIVE • GLOBAL • INVESTMENTS Room 2002 / 20th Floor / Fairmont House / ▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ / ▇▇▇▇▇▇▇ / ▇▇▇▇ ▇▇▇▇ The Lender reserves all rights to unilaterally vary the manner to which payments are to be made, and in the event of such variance the Lender will notify the Borrower of the same in writing. 9.02 All payments to be made by the Borrower hereunder shall be made in full, without any set-off or counterclaim whatsoever and free and clear of any deduction or withholding. If at any time any law, enactment, regulation or regulatory requirement or any governmental authority, monetary authority or central bank requires the Borrower to make any deduction or withholding in respect of any present or future taxes, levies, imposts, duties, charges or fees of whatever nature, from any payment due hereunder, the sum due from the Borrower shall be increased to the extent necessary to ensure that after the making of such deduction or withholding, the Lender receives a net sum equal to the sum which it would have received had no such deduction or withholding been required to be made and the Borrower shall account to the appropriate authorities for the amounts so deducted or withheld. 9.03 Whenever any payment would otherwise be due or any Interest Period would otherwise end, on a day which is not a Business Day, the next following Business Day shall be substituted for such day unless such next following Business Day falls in the next calendar month in which case the immediately preceding Business Day shall be substituted therefor. 9.04 If any Interest Period would otherwise commence or any payment would otherwise be due on the last Business Day of a calendar month or on a day for which there is no numerically corresponding day in the relevant calendar month, the last Business Day of such relevant calendar month shall, subject to Clause 9.03, be substituted therefor. 9.05 The Lender shall maintain on its books in accordance with its usual practice a set of accounts recording the amounts from time to time owing by the Borrower hereunder. In any lega...
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Payments and Evidence of Debt. 11.01 Advance The Advance shall be made by way of the Borrower deducting an amount equal to the Advance from the Completion Payment on the Completion Date and remitting such amount to such account in Hong Kong as Sun Television Cybernetworks Holdings Limited shall have previously notified to the Lender.
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Payments and Evidence of Debt 
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Related to Payments and Evidence of Debt

  • Evidence of Debt (a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Note, which shall evidence such Lender’s Loans in addition to such accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto. (b) In addition to the accounts and records referred to in subsection (a), each Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit and Swing Line Loans. In the event of any conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error.