Second Payment Clause Samples
The 'Second Payment' clause defines the terms and conditions under which a subsequent payment is to be made following an initial payment in a contractual arrangement. Typically, this clause specifies the amount, timing, and any conditions precedent that must be satisfied before the second payment is released, such as completion of a project milestone or delivery of goods. Its core practical function is to ensure both parties are clear on when and how the second installment is to be paid, thereby reducing the risk of disputes and ensuring smooth financial transactions throughout the contract.
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Second Payment. The remaining balance of the total estimated reservation charges for the Licensed Space and all services requested is due prior to the first scheduled date of arrival. Payment in full of the Estimate of Charges set forth in the Reservation Confirmation is required before the Licensee utilizes any service.
Second Payment. A salary increase of 3% effective from the commencement of the first full pay period on or after 1 July 2014.
Second Payment. The remaining balance of the total estimated reservation charges for all services requested is due fifteen (15) days prior to the first scheduled date of arrival.
Second Payment. Within three (3) calendar days of the time the Final Approval Motion is filed by Class Counsel, the Settlement Administrator shall provide to Defendant’s Counsel wiring instructions for the payment required by Section 3(a)(ii) above.
Second Payment. The balance of the Settlement Fund, in the amount of Twenty-two Million Three Hundred and Two Thousand Dollars and Zero Cents ($22,302,000.00) shall be paid by Defendant to the Settlement Administrator for deposit into the Settlement Fund within ten (10) calendar days after the date of the Final Approval Order.
Second Payment. An additional two hundred thousand dollars ($200,000.00) (the “Second Payment”) shall be paid by Aviza to Trikon within thirty (30) days after the satisfaction of the Second Payment Milestone (Delivery of Software) in accordance with Section 2.6; and
Second Payment. Qwest shall pay SPC by wire transfer of immediately available funds the sum of five million eleven thousand two hundred sixteen and no/100 dollars (US$5,011,216.00) immediately upon the execution of this Agreement by both Parties (the "Second Payment").
Second Payment. EB Tech shall provide a written notice to BEJN 3 business days before delivering the relevant servers. BEJN shall pay 30% of the contract price under the Equipment Supply Agreement within 3 business days upon receipt of the aforesaid notice. Under the terms of the Equipment Supply Agreement, EB Tech shall complete the deployment of the equipment.
Second Payment. No later than [***] after [***] yxis shall pay to LCB a one-time, non-refundable, non-creditable payment of $9,000,000 (Nine Million US Dollars) (the “Second Payment”).
Second Payment. The Parties hereby agree that the Second Payment of ($3,000,000) for the Second Indication shall be replaced in its entirety by the following three payments, with the understanding that all payments for the Second Indication shall be subject to Article 13 PAYMENTS AND REPORTS of the License Agreements:
i. US$[***] upon [***].
ii. US$[***] upon [***].
iii. US$[***] upon [***].