SAC Payments Clause Samples

The SAC Payments clause defines the terms and conditions under which payments are to be made to or by a Special Account Custodian (SAC) in the context of a contract. Typically, this clause outlines the schedule, method, and documentation required for such payments, and may specify the circumstances that trigger payment obligations, such as the achievement of certain milestones or the receipt of specific deliverables. By clearly establishing the payment process related to the SAC, this clause ensures transparency and reduces the risk of disputes over payment timing and responsibilities.