Supplier Payment Sample Clauses
The Supplier Payment clause defines the terms and conditions under which a buyer will compensate a supplier for goods or services provided. Typically, it outlines the payment schedule, acceptable methods of payment, and any requirements for invoicing or documentation before payment is made. This clause ensures both parties are clear on when and how payments will be processed, reducing the risk of disputes and supporting smooth financial transactions.
Supplier Payment. Supplier represents and agrees that, after due investigation, the sum of all amounts currently due and owing by the Company to Supplier is $[●] (the “Agreed 1 Capitalized terms used but not defined herein shall have the meanings set forth in the Interim Critical Vendor Order. Supplier Claim”). Following execution of this Trade Agreement, the Company shall, in full and final satisfaction of the Agreed Supplier Claim, pay Supplier $[●] on account of its prepetition claim (the “Supplier Payment”) (without interest, penalties, or other charges), as such amounts become due and payable in the ordinary course.
Supplier Payment. Supplier represents and agrees that, after due investigation, the sum of all amounts currently due and owing by the Company to Supplier is $[•] (the “Agreed Supplier Claim”). Following execution of this Trade Agreement, the Company shall, in full and final satisfaction of the Agreed Supplier Claim, pay Supplier $[•] on account of its prepetition claim (the “Supplier Payment”) (without interest, penalties, or other charges), as such amounts become due and payable in the ordinary course.
Supplier Payment. In consideration for the assignments and sales provided for in Article 2 of this Exhibit A, Mirant hereby agrees to pay each month, commencing on the Effective Date, all amounts due from UPC to the Suppliers under the Unassigned Agreements, excluding any Excluded Liabilities (as defined below) in accordance with Section 3.4(a) of this Exhibit A (the "Supplier Payment").