Term & Payment Clause Samples

Term & Payment. 3.1 This Agreement shall come into force on the date of execution of this Agreement and its duration shall be one year during which the prices shall be fixed. The Agreement may be extended for a similar term on similar conditions subject to the mutual consent of both parties. 3.2 Time is of the essence in this Agreement and, whenever a date or time is set forth in this Agreement, the same has entered into and formed a part of the consideration for this Agreement. In case of any sort of delay in performance by Service Provider, PSDF shall be entitled to impose a penalty of @1% per day, up to a maximum of 10% of the total value of this Agreement. 3.3 In consideration of the satisfactory provision of Services and related services, PSDF shall pay an amount (inclusive of all applicable taxes) of -- in accordance with Appendix B of this Agreement. 3.4 All payments made hereunder shall be made subject to applicable tax deductions.

Term & Payment. Producer may use the Premises on a month-to-month basis commencing on the August 12, 2013 and terminating on or about January 31, 2014 (“Term”). If term exceeds this date, rate will extend on a weekly basis as long as Landlord has not made other arrangements for this space. As consideration in full for the use of the Premises, Producer agrees to pay Landlord the monthly sum as indicated below, on the 1st of each month Producer is occupying the “Premises”. If occupancy is started or terminated prior to the 1st day of each month rate and utilities rate will be prorated based on a 30 day month. Either of the “Parties” with a 30-day written notice to the designated responsible party can terminate this agreement. Month Rate 08/12/2013 – 08/31/2013 Rent: 3064.51 + 317 monthly utilities * 09/01/2013 – 09/30/2013 5000.00 + 500 monthly utilities 10/01/2013 – 10/31/2013 5000.00 + 500 monthly utilities 11/01/2013 – 11/30/2013 5000.00 + 500 monthly utilities 12/01/2013 – 12/31/2013 5000.00 + 500 monthly utilities 01/01/2014 – 01/31/2014 5000.00 + 500 monthly utilities * First month charges prorated based on a 30 day month.

Term & Payment. 3.1 This Agreement shall come into force on the date of execution of this Agreement and its duration shall be one year during which the prices shall be fixed. The Agreement may be extended for a similar term on similar conditions subject to the mutual consent of both parties. 3.2 Time is of the essence in this Agreement and, whenever a date or time is set forth in this Agreement, the same has entered into and formed a part of the consideration for this Agreement. 3.3 In consideration of the satisfactory provision of Services and related services, PSDF shall pay an amount (inclusive of all applicable taxes) of -- in accordance with Appendix B of this Agreement. 3.4 All payments made hereunder shall be made subject to applicable tax deductions.

Term & Payment. 3.1 This Agreement shall come into force on the date of execution of this Agreement and its duration shall be one (01) year, extendable for a similar term on same terms and conditions by mutual agreement between parties. 3.2 Time is of the essence in this Agreement and, whenever a date or time is set forth in this Agreement, the same has entered into and formed a part of the consideration for this Agreement. Penalties for delay shall be imposed in accordance with Appendix C. 3.3 In consideration of the satisfactory provision of Services and related services which shall be judged from a reasonable person standard, PSDF shall pay an amount (inclusive of all applicable taxes) of in accordance with Appendix C of this Agreement. 3.4 All payments made hereunder shall be made subject to applicable tax deductions.

Term & Payment. Unless otherwise agreed, the License shall commence on the date that a non-temporary access key is first made available to the Licensee. Unless otherwise agreed, the contract shall be concluded for a term of 1 year and shall continue from year to year thereafter until terminated in accordance with any of the provisions of this Agreement. The license fees are provided in the Licensor’s offer and shall therefore be clearly indicated to the Licensee prior to execution of the Agreement. The provided prices are excluding the statutory VAT unless otherwise stipulated in the Licensor’s offer. The license fee shall be paid by the Licensee in advance for the agreed contract term unless no other agreement is concluded between the parties. All invoices shall be paid within 14 days after the receipt of the invoice by the Licensee. The Licensor shall have the right to charge interest on overdue invoices, calculated from the date when payment of the invoice becomes due for payment up to and including the date of actual payment whether before or after judgment. Payment is accepted by the Licensor in the form of an electronic funds transfer. Payments by credit card incur a 3% processing fee.

Term & Payment. Subject to the terms and conditions of this Agreement, as consideration for Licensor providing Licensee with the License Grant for the Term, Licensee shall pay Licensor a fee (the “License Fee”) consisting of: (a) A royalty in the amount of five percent (5%) (the “Royalty”) of the gross revenue received from the sublicense of the Software and any revenues generated from the use of the Sublicensed Materials for the term of this Agreement, less (i) applicable sales and use taxes (but in no event to include income or franchise taxes), (ii) any export duties, shipping, freight and handling charges paid by Licensee and reimbursed by customers, (iii) any trade and quantity discounts actually taken, and (iv) any credits for sales previously recorded but cancelled or refunded to a customer (“Net Revenues”). Licensee shall pay Licensor the Royalty due on a quarterly basis for each fiscal quarter during the term of this Agreement commencing three (3) months after the Licensee releases a “go live” version of the Software that utilizes the Sublicensed Material (the “Go Live Date”). The quarterly Royalty payment will be due on or before the thirtieth (30th) day after the last day of the fiscal quarter for which the Royalty payment is calculated; (b) The Licensee will be responsible for all third party licensing fees for services that are attached to the Licensee or its sub-licensee’s platform or platforms. These fees will be invoiced to Licensee and will be due and payable thirty (30) days after the date of the invoice. (c) The issuance by the Licensee to the Licensor or its designated assigns of an equivalent number of common shares that will represent sixty (60) per cent of the then issued share capital of structure of the Licensee. For clarity, this will be after the Twenty for one 20:1 rollback of the share capital of the Licensee. The shares to be issued can be either from Treasury or from those. shares that are to be returned to the Licensee by ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ and his associates. (d) The issuance by the Licensee to the Licensor of options to acquire common shares of the Licencee at par value ($0.0001) each, such options to equate to sixty (60) per cent of any Warrants exercised under the Senior Secured Convertible Promissory Notes issued to Bellridge Capital LP. For clarity, should one thousand (1,000) Warrants be exercised then the Licensor will have the right to exercise options to acquire six hundred (600) common shares of the Licensee.

Term & Payment. The term of this Agreement begins on the Effective Date and will continue on a recurring monthly or annual basis at the rate or rates as set forth in the MEMBERSHIP & DUES SCHEDULE. Membership dues, studio rental and storage fees are due by the 3rd of the month. All Membership cancellations must be received by email to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇ at least 5 days prior to desired final membership bill date, at which point the member’s last month of membership will begin. Membership is paid with auto-recurring payments, unless otherwise authorized by Key City Creative Center, LLC. Members will be charged automatically every month (or annually if annual membership has been chosen by the Member) until cancelled by the Member as provided herein. Key City Creative Center, LLC cannot issue refunds; cancelling membership is the responsibility of the Member.

Term & Payment. The entire Principal Amount, together with all accrued and unpaid interest thereon, shall be due and payable on the Maturity Date, unless extended upon mutual written consent by the parties; provided however, that if such day is not a business day, then such payment shall be due and payable on the next succeeding business day.

Term & Payment. Option - You will be liable for your first term payment upfront, and then direct debited the remaining installments for subsequent terms as per the schedule set out in Appendix 1. Clause 10 will apply. If you enrol after the first week of a term, your upfront term payment will be calculated on a pro-rata basis based on how much of that term remains. The minimum enrolment commitment that you are liable to pay is 10 weeks per term for the subsequent terms after your first term payment.