Provisional Payments Clause Samples
The Provisional Payments clause establishes a mechanism for making temporary payments before final amounts are determined. Typically, this clause allows one party to receive interim funds based on estimated or partial completion of work, with the understanding that these payments will be adjusted once the actual figures are confirmed. This approach ensures ongoing cash flow and project continuity while final calculations are pending, thereby reducing financial strain and administrative delays for both parties.
POPULAR SAMPLE Copied 3 times
Provisional Payments. In the event that any Royalty becomes due and payable hereunder prior to final settlement with a smelter, refiner or other bona fide purchaser, or prior to TRC’s final determination, in accordance with Section 15.4, of all of the facts necessary to calculate the amount of Royalty payable to Owner with respect to commingled Minerals, then TRC shall pay to Owner a provisional Royalty based upon TRC's then current estimates of such facts and the preliminary settlement with the smelter, refiner or other bona fide purchaser. Payments of provisional Royalty shall be subject to subsequent adjustment in accordance with Section 6.3.C.
Provisional Payments. Seller, if so requested by Buyer, shall have to make available to the Company the amounts to be paid by same on the basis of tax assessments or other fiscal orders or judicial or administrative decisions even when only provisionally enforceable, provided that the Company or Buyer shall reimburse Seller of the sums subsequently recovered by the Company or Buyer, net of any taxes at the charge of the Company or Buyer, if any, in connection with any Amount of Indemnification paid by Seller.
Provisional Payments. In the event that final amounts required for the calculation of the NSR Royalty are not available within the time period referred to in Section 3 of this Schedule B, then provisional amounts will be estimated and the NSR Royalty paid on the basis of this provisional calculation. Positive or negative adjustments will be made to the NSR Royalty payment of the succeeding calendar quarter.
Provisional Payments. If any royalty becomes due and payable to the Royalty Holder prior to the Payor’s final estimates of the total amount payable, then the Payor shall pay the Royalty Holder a provisional royalty payment using the Payor’s then current estimates of the amount payable for Products produced during the Calendar Quarter.
Provisional Payments. Your statement will serve as notice of any ACH credits or debits to your Account, and you agree that we are not required to provide any other notice to you. Credit given by us to you with respect to an ACH credit entry is provisional until we receive final settlement for the transaction. If we do not receive final settlement, you agree that we are entitled to debit from your Account the amount credited to you in connection with the transaction, and the party making payment to you (the originator of the entry) shall not be deemed to have paid you in that amount.
Provisional Payments. If Production Returns are received on a provisional basis, the Production Returns shall be calculated based on provisional payments received by or credited to the account of Owner at the time for payment and provisionally paid, and an adjustment shall be made on the next quarterly Royalty payment based upon final Production Returns for such Calculation Period.
Provisional Payments. The provisional payments to be made to SkyWest pursuant to Section 5.02(b)(i), above, shall be calculated as follows for the applicable period:
(A) Each Provisional Block Hour Payment will be equal to the amount set forth on Exhibit 5.02(c)(i), as such amount may be changed from time to time during the term of this Agreement by mutual agreement of Midwest and SkyWest.
(B) Each Provisional Cycle Payment will be equal to the amount set forth on Exhibit 5.02(c)(i), as such amount may be changed from time to time during the term of this Agreement by mutual agreement of Midwest and SkyWest.
(C) Each Provisional Fixed Cost Payment will be equal to the amount set forth on Exhibit 5.02(c)(i), as such amount may be changed from time to time during the term of this Agreement by mutual agreement of Midwest and SkyWest.
(D) Each Provisional Monthly Margin Payment will be equal to [*].
Provisional Payments. A Receiving Depository Financial Institution ("RDFI") is the institution that receives ACH entries from the ACH Operator and posts them to the accounts of its depositors ("Receivers"). You agree to be bound by the provision of the Rules making payment of a credit Entry by the RDFI to the Receiver provisional until receipt by the RDFI of final settlement for such credit Entry. You understand that if final settlement is not received, the RDFI will be entitled to a refund from the Receiver of the amount credited and you will not be deemed to have paid the Receiver the amount of the credit Entry. You agree that any payment by Bank to you for any returned credit Entry or credit Reversal is provisional until receipt by Bank of final settlement for such Entry. If final settlement is not received, Bank is entitled to a refund from you of the amount credited and Bank may charge your account for the amount credited. Bank may refuse to permit the use of any amount credited for a credit Reversal if it believes that there may not be sufficient funds in your account to cover chargeback or return of such Reversal.
Provisional Payments. Payment by us for any Debit Entry, returned Credit Entry or credit reversal is provisional until we have received full settlement for the Entry. If final settlement is not received, we are entitled to a refund and we may charge your Designated Account for the amount credited. We may delay the availability of any amount credited for a Debit Entry or credit reversal if we believe that there may not be sufficient funds in your account to cover a chargeback or return of the Entry or reversal of an Entry.
Provisional Payments. 1. The parties agree to make payments to each other based on the performance of the business written under this Agreement.