Remittance Dates Clause Samples
The Remittance Dates clause defines the specific dates on which payments or funds must be transferred from one party to another under the agreement. Typically, this clause outlines a schedule—such as monthly, quarterly, or upon completion of certain milestones—by which payments are due, and may specify the method and recipient of the remittance. Its core practical function is to ensure both parties have a clear understanding of when payments are expected, thereby reducing the risk of late payments and potential disputes over timing.
Remittance Dates. On or prior to the Remittance Date for any Distribution Date, the Servicer shall remit the Remittance Amount for such Distribution Date to the Trustee, from and to the extent of the funds in the Certificate Account, plus all required P&I Advances, by wire transfer or otherwise, in immediately available funds, for deposit into the Distribution Account. If the Certificate Account is maintained by the Trustee, on each Remittance Date, the Servicer shall notify the Trustee as to the amount of the related Remittance Amount and the amount of all required P&I Advances to be covered by investment earnings on the Certificate Account, and the Trustee shall transfer such amount from the Certificate Account to the Distribution Account on the related Distribution Date. In such event, the Servicer shall still remit any P&I Advances not covered by investment earnings on the Certificate Account to the Trustee for deposit into the Distribution Account on the Remittance Date. Notwithstanding the foregoing, if a Terminating Purchase is to be made on such Distribution Date, and the Servicer shall have received the Termination Price or shall be the Terminator, the Servicer shall remit the Termination Price rather than the Remittance Amount to the Trustee for deposit into the Distribution Account.
Remittance Dates. On or prior to the Remittance Date for any Distribution Date, the Servicer shall remit the Remittance Amount for such Distribution Date, from and to the extent of the funds in the Certificate Account, plus all required P&I Advances, by wire transfer or otherwise, in immediately available funds, for distribution in accordance with Section 4.
Remittance Dates. Verizon Wireless shall pay the above fees as follows:
1. The Annual Fee shall be due and owing on the date Verizon Wireless files its acceptance in accordance with Section 17, and on that same date every calendar year thereafter.
2. The Right-of-Way Fee shall be due and owing on the date Verizon Wireless files its acceptance in accordance with Section 17, and on the same date every calendar year thereafter, provided that the Right-of-Way fee for Facilities that are installed after the Right-of-Way Fee has been paid for a calendar year, shall include the pro-rated payment plus the next calendar year’s payment.
3. The Installation and Application Fee shall be due and owing when plans are submitted to the City for approval.
4. The Previous Occupancy Fee shall be due and owing on the date Verizon Wireless files its acceptance in accordance with Section 17.
Remittance Dates a. Uplift Charges b. Billed c. Actual Payments Received d. Remittance Shortfall for this Collection (if c<b, then c-b) e. Excess Remittance for this Collection (if c>b, then c-b) $ $ $ $ $
Remittance Dates. ALL SUMS SO DEDUCTED SHALL BE REMITTED TO THE SECRETARY-TREASURER OF LOCAL UNION 724 NO LATER THAN ONE (1) WEEK AFTER SUCH DEDUCTIONS ARE MADE.