Subsequent Payment Clause Samples
The Subsequent Payment clause defines the terms and timing for payments that are due after an initial payment has been made under a contract. Typically, this clause outlines when additional payments must be made, such as upon completion of certain project milestones or after the delivery of goods or services. For example, it may specify that a second installment is payable 30 days after the first, or upon satisfactory inspection of delivered items. The core function of this clause is to provide a clear schedule and conditions for future payments, helping both parties manage cash flow and expectations throughout the duration of the agreement.
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Subsequent Payment. Within sixty (60) days after the Effective Date, the Company shall deliver or cause to be delivered, by means of wire transfer to the account specified in the instructions provided by the Holder to the Company on the date hereof, the balance of the Purchase Price, an amount equal to fifty thousand dollars ($50,000.00) (the “Subsequent Payment”). In the event that the Holder does not receive the Subsequent Payment within sixty (60) days after the Effective Date, the Company knowingly, voluntarily and intentionally confesses judgment in favor of the Holder against the Company in any proceeding or action to recover the Subsequent Payment brought by the Holder in any court with jurisdiction over the Agreement. In so doing, the Company expressly (i) waives issuance and service of process, (ii) agrees that it its failure to satisfy its indebtedness to Holder by the sixtieth day after the Effective Date constitutes a breach of the Agreement, and (iii) agrees not to contest the entry of a judgement in any such proceeding or action brought by the Holder for (a) the Subsequent Payment, (b) interest accruing at the highest rate allowable under the law from the date immediately following the Effective Date through the date on which the Company fully satisfies such judgment, and (iii) the Holder’s attorney fees and costs incurred in connection with any action or proceeding to enforce the Agreement.
Subsequent Payment. As further consideration for the Option, the Optionee hereby agrees to pay to the Optionor, on January 1, 2023, the sum of Forty Thousand Dollars ($40,000) (the “Second Option Payment”), by cash or wire transfer to an account designated in writing by the Optionor. In the event the Second Option Payment is not made by January 1, 2023, then the Optionee shall have thirty (30) days from receipt of written notice from the Optionor that the Second Option Payment is due and owing. The Second Option Payment shall be nonrefundable to the Optionee except in the event the Optionor fails to consummate the Closing for any reason (other than due to a default by the Optionee or failure to obtain any Regulatory Approvals).
Subsequent Payment. For each billing period following the first Billing Period, NORTHSTAR shall pay the full theoretical Hosting Fee in advance, no later than the 20th day of the preceding calendar month. In the event of any late payment, NORTHSTAR shall be liable for a late payment penalty calculated at a rate of 0.1% per day of the overdue amount, subject to a cap of 10% of the total overdue amount
Subsequent Payment. 1. If you stop working at Sanquin before the reclassification process for your job has been completed, you are entitled to a supplementary payment. This concerns the period from the moment your job description is determined until the end of your employment.
2. You will receive the difference in payment between your previous salary and the salary you would have received after reclassification as a supplementary payment. Your salary also includes all allowances that are derived from your gross monthly salary.
3. If you and Sanquin agreed on a termination agreement with ‘final discharge’ upon termination of your employment? Then it must be clear to both parties that the right to subsequent payment lapses.
Subsequent Payment. WRP will charge and collect a the remaining 50% of the Accommodation fee and of any other costs, fees, or Taxes specified on the Listing or your Booking confirmation within thirty (30) days from commencement of your Accommodation Period as specified on your Booking confirmation.
Subsequent Payment. Baxter shall pay to Cerus the amount of [ * ] Dollars ($[ * ] ) at the time of the next [ * ] , which shall occur not later than [ * ] . In connection with such payment, BHC represents to Cerus that no payments have been made by BHC to BCC respecting Revenue Sharing Payments (as defined in the Platelet Agreement) due to Cerus with respect to Platelet System sales in the fourth quarter of 2004 (or the first quarter of 2005), any rights to Revenue Sharing payments now reverting to Cerus. EXECUTION 2 RESTRUCTURING AND SETTLEMENT AGREEMENT [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.
Subsequent Payment. “Subsequent Payment” shall mean a second Payment representing the balance of the CMF Award in the case where a Recipient exercises its option to receive the CMF Award in two Payments.
Subsequent Payment. The receipt of money by the Lessor from the Lessee after Lessor has given notice to Lessee of its intention to terminate the Lease or after the termination thereof shall not operate in any way to reinstate, continue or extend the term of this Lease, or affect any notice given prior thereof, it being agreed that after termination or service of notice or the commencement of a suit, or after final judgment for possession of said Leased Premises, Lessor may recover and collect any rent due, and the payment of said rent shall not waive or affect said notice, suit or judgment.
Subsequent Payment. In the event the Company meets certain financial targets agreed upon by the Company and the Purchaser (and specified in Schedule 2.3(b)) with respect to the period from July 1, 1998 through and including June 30, 1999, Purchaser will be obligated to pay the Company an additional cash purchase price payment in an amount not to exceed $2,000,000.
Subsequent Payment. Subsequent Payment" shall have the meaning assigned to it in Section 3.2.