Specific Payment Terms Sample Clauses

The Specific Payment Terms clause defines the exact conditions and schedule under which payments must be made between parties in a contract. It typically outlines due dates, accepted payment methods, invoicing procedures, and any penalties for late payments. By clearly establishing when and how payments are to be made, this clause helps prevent misunderstandings and disputes over financial obligations, ensuring both parties have a mutual understanding of their payment responsibilities.
Specific Payment Terms. 7.2.1 Advance Payment Customer agrees to remit, a non-refundable advance payment of 10% of the total amount of each Initial System's Purchase Order, on the same date such Purchase Order is placed. The start date for the Implementation Schedule shall be the date of receipt of this payment. Each advance payment shall be made by wire/telegraphic transfer to the following address: Citibank, New York Routing No.: ▇▇▇▇▇▇▇▇▇ Account No.: ▇▇▇▇▇▇▇▇ In the event Customer does not proceed with its obligations set forth in 7.1.1, under this Agreement (subject to Section 18) in a timely manner, and such failure continues for thirty (30) days following written notice by Motorola to Customer that Motorola intends to proceed under this Section, Motorola shall promptly document its non-recoverable costs directly incurred in the performance of this Agreement, such as, but not limited to staff hours, travel expenses, equipment re-stocking charges, etc. In the event such non-recoverable costs exceed the amount of the advance payment, Customer will pay Motorola the difference. 7.2.2 Payment of Balance Due Customer shall be invoiced seventy percent (70%) of the Commercial invoice gross value of Equipment on shipment. Fifteen percent (15%) of the commercial invoice gross value of Equipment is due upon Conditional Acceptance and the five percent (5%) balance due upon Final Acceptance. Services and Training balances are invoiced upon completion.
View SourceView Similar (2)
Specific Payment Terms. Quest Diagnostics shall pay MedPlus only for Transactions completed, as follows: (a) Quest Diagnostics will not owe any fee to MedPlus for any Transactions (i) not in accordance with the Performance Standards or (ii) that did not meet the Transaction Specifications. (b) Quest Diagnostics will owe a Transaction fee to MedPlus for any Transaction rejected solely by Quest Diagnostics as a result of Quest Diagnostics own act or omission, so long as the Transaction meets the Performance Standards and the Transaction Specifications. (c) MedPlus will provide reports and invoices in hard copy, to Quest Diagnostics for all deliverables under this Agreement at the end of each calendar month and shall provide all supporting documentation (transaction detail) to Quest Diagnostics in electronic format with the level of detail agreed to by the parties from time to time. (d) Quest Diagnostics will use commercially reasonable efforts to provide written notice to MedPlus of any disputed amounts within ninety (90) days of Quest Diagnostics receipt of MedPlus' invoice.
View Source
Specific Payment Terms 
View SourceView Similar (5)

Related to Specific Payment Terms

  • Other Payment Terms 28 2.09. Loan Accounts; Notes.......................................................................... 29 2.10. Loan Funding.................................................................................. 30 2.11. Pro Rata Treatment............................................................................ 30 2.12. Change of Circumstances....................................................................... 31 2.13. Taxes on Payments............................................................................. 33 2.14. Funding Loss Indemnification.................................................................. 35 2.15. Security...................................................................................... 35

  • Payment Terms DXC agrees to pay Supplier the undisputed amount of an invoice within ninety (90) days after the receipt of a valid, complete and properly documented invoice. Any prompt payment discount will be calculated from the date a conforming invoice is received by DXC. Payment will be in U.S. currency unless otherwise stated. Payment will not constitute acceptance of Products and/or Services or impair DXC’s right to inspect. Acceptance shall be when DXC deems the Products and/or Services to meet its specified criteria (“Acceptance”). DXC, at its option, and without prior notice to Supplier, shall have the right to set off or deduct from any Supplier’s invoice, any credits, refunds or claims of any kind due DXC.

  • Additional Payment Terms All payments must be made in U.S. dollars and delivered to us at any one of our branch offices or to the address shown on the monthly statement. If we receive your payment before 5:00 p.m. (Mountain Standard Time) on a business day, at the address shown on the front of your monthly statement or at any of our branch offices, we will credit your payment as of the date of receipt. All other payments will be credited to your Account on the next business day following receipt. We may accept late or partial payments as well as payments marked “PAID IN FULL” or other restrictive endorsements, without losing any of our rights under this Agreement and without such payments constituting full accord and satisfaction of the debt. If you make payments using personal checks, and your financial institution refuses to pay the check and returns it to us, you agree to pay a Return Payment Fee. If your loan Account balance is less than the minimum payment amount you must pay the entire balance. You may repay all or part of what you owe at any time. However, so long as you owe any amount you must continue to make your periodic minimum payment. Your minimum monthly payment will be allocated to your account in accordance with all applicable laws and regulations. Personal Identification Number. We will issue you a Personal Identification Number (“PIN”) to be used with your Card. You agree not to write this PIN on your Card, and not to carry your PIN with you at the same time as you carry your Card. We will treat any charge made by you using your Card and PIN as having been authorized by you. If you keep your PIN with the Card, we can refuse to reissue your Card. Change of Terms. We can change the terms of this Agreement, including all fees, other charges and Annual Percentage Rate, at any time, subject to applicable laws and regulations. Events of Default. You are in default if you fail to pay the minimum payment listed on each billing statement on time, file for bankruptcy, exceed your credit limit without our permission, or default on this or any other Nusenda Federal Credit Union Card Agreement you have with us. If you are in default, we may close your Account and require a shorter amortization of your account balance, subject to applicable laws and regulations. No notice is required. We may also declare the whole balance due if you die, if you make false or misleading statements on your application, or if other creditors attach or garnish your property. If you have given us a security interest in a share Account, share draft Account, or certificate of deposit, we may use the deposit amount to pay any amount you owe us. Collection Costs. If we have to refer collection of your Account to a lawyer (who is not our salaried employee), to the extent permitted by law, you will have to pay our attorney’s fee plus court costs and any other fees.

  • Origination; Payment Terms The Mortgage Loan was originated by a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Sections 203 and 211 of the National Housing Act, a savings and loan association, a savings bank, a commercial bank, credit union, insurance company or other similar institution which is supervised and examined by a federal or state authority, except with respect to a Mortgage Loan purchased from a correspondent as indicated on the Mortgage Loan Schedule. Principal payments on the Mortgage Loan commenced no more than seventy days after funds were disbursed in connection with the Mortgage Loan. The Mortgage Interest Rate as well as, in the case of an Adjustable Rate Mortgage Loan, the Lifetime Rate Cap and the Periodic Cap are as set forth on the related Mortgage Loan Schedule. Unless specified on the related Mortgage Loan Schedule as an interest-only loan or a Balloon Mortgage Loan, the Mortgage Note is payable in equal monthly installments of principal and interest, which installments of interest, with respect to Adjustable Rate Mortgage Loans, are subject to change due to the adjustments to the Mortgage Interest Rate on each Interest Rate Adjustment Date, with interest calculated and payable in arrears, sufficient to amortize the Mortgage Loan fully by the stated maturity date, over an original term of not more than thirty years from commencement of amortization (or forty years for Mortgage Loans identified on the Mortgage Loan Schedule as a Balloon Mortgage Loan with a forty year amortization period). Unless otherwise specified on the related Mortgage Loan Schedule, the Mortgage Loan is payable on the first day of each month and the Mortgage Loan does not require a balloon payment on its stated maturity date;

  • General Payment Terms You may pay by credit card or through an account with us payable at the end of the month. If you and we agree that you may establish a standing account with CCC, then the following terms apply: Remit Payment to: Copyright Clearance Center, ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇. Payments Due: Invoices are payable upon their delivery to you (or upon our notice to you that they are available to you for downloading). After 30 days, outstanding amounts will be subject to a service charge of 1-1/2% per month or, if less, the maximum rate allowed by applicable law. Unless otherwise specifically set forth in the Order Confirmation or in a separate written agreement signed by CCC, invoices are due and payable on "net 30" terms. While User may exercise the rights licensed immediately upon issuance of the Order Confirmation, the license is automatically revoked and is null and void, as if it had never been issued, if complete payment for the license is not received on a timely basis either from User directly or through a payment agent, such as a credit card company.