SURPLUS PAYMENTS Clause Samples

SURPLUS PAYMENTS. If Commission makes any payment to Contractor in excess of amounts payable according to this Contract, such surplus payments must be reimbursed to Commission in the currency in which Commission made such surplus payments through a wire transfer of funds immediately available to the account indicated at the due time by Commission to Contractor. Reimbursement will be considered an enforceable debt in favor of Commission and generate accessories charges at the Financial Expense Rate. Charges will be calculated over surplus amounts paid in each case and counted according to the days passed as of the date of payment until the date when the amounts are actually made available to Commission.