Requirement to Pay Clause Samples
Requirement to Pay. Each demand for international preliminary exami- nation shall be subject to the payment of a fee for the benefit of the International Bureau (“handling fee”) to be collected by the International Preliminary Examin- ing Authority to which the demand is submitted.
Requirement to Pay. If the Account Balance is not reimbursed or if a payment has not been made by the scheduled due date, the following fees may apply:
a) accrued interest and fees on the outstanding balance, such interest and fees to be calculated based on the annual interest rate in effect;
b) legal fees incurred by the Bank or in its name with regard to proceedings taken in order to collect or attempt to collect the Account Balance; and
c) fees incurred to process a cheque or other payment instrument that was used to make a payment but was not honoured.
Requirement to Pay. Unless:
(a) this document has been rescinded or terminated under clause 2 or in accordance with clause 10 before 10:00am on the Settlement Date; or
(b) the Responsible Entity has not complied with its obligations under clause 7.2, each Underwriter must on or before 10:00am on the Settlement Date:
(a) pay to the Responsible Entity, or procure payment to the Responsible Entity, of 50% of the Institutional Proceeds; and
(b) subscribe, or procure subscription of, 50% of the Shortfall Amount for 50% of the Shortfall Securities, (less any amount which the Underwriters are entitled to set off at that time under clause 9.4). --------------------------------------------------------------------------------