When Earned; When Payable Sample Clauses
The "When Earned; When Payable" clause defines the specific conditions under which a party becomes entitled to receive payment and when that payment must actually be made. Typically, this clause clarifies that compensation is only due once certain milestones, deliverables, or performance criteria have been met, and it may set a timeline for payment after those conditions are satisfied. By establishing clear triggers for both earning and paying amounts owed, this clause helps prevent disputes over timing and entitlement to payments, ensuring both parties understand their rights and obligations.
When Earned; When Payable. Lease. This Lease fee is earned upon the mutual execution of the Lease. 146 One-half of this Lease fee is payable upon mutual execution of the Lease and one-half upon possession of the premises by tenant 147 or as follows: . 148 If the Lease, executed after the date of this Buyer Listing Contract, contains an option to extend or renew, or if Buyer 149 expands into additional space within the building or complex where the Property is located, Brokerage Firm Will Will Not 150 be paid a fee upon exercise of such extension or renewal option or expansion. If Brokerage Firm is to be paid a fee for such 151 extension, renewal or expansion, the amount of such fee and its payment are as follows: . 152 7.3. Who Will Pay Brokerage Firm’s Fee.
When Earned; When Payable. Purchase. The Success Fee is earned by Brokerage Firm upon the 128 Purchase of the Property and is payable upon closing of the transaction. If any transaction fails to close as a result of the seller’s 129 default, with no fault on the part of Buyer, the Success Fee will be waived. If any transaction fails to close as a result of ▇▇▇▇▇’s 130 default, in whole or in part, the Success Fee will not be waived; such fee is payable upon Buyer’s default, but not later than the 131 date that the closing of the transaction was to have occurred.
When Earned; When Payable. Purchase. This Purchase fee is earned upon the Purchase of the Premises 145 and is payable upon delivery of deed. 146 7.3. Who Will Pay Brokerage Firm’s Success Fee.
When Earned; When Payable. Lease. This Lease fee is earned upon the mutual execution of the Lease. One-half of this Lease fee is payable upon mutual execution of the Lease and one- half upon possession of the premises by tenant or as follows:
When Earned; When Payable. Purchase. The Success Fee is earned by