First Instalment Payment definition
Examples of First Instalment Payment in a sentence
At Completion, immediately after each Vendor has complied with clause 6.2 and the Vendors have complied with clause 6.3, the Purchaser must pay to the Vendors' Solicitors the First Instalment Payment.
Subject to clauses 1.6(d) and 9.6, each Vendor is entitled to the Vendor's Proportion of the First Instalment Payment and the Second Instalment Payment.
The Vendors' Solicitors are to be responsible, and the Purchaser is to have no responsibility, for the payment to each Vendor of the Vendors' Proportion of the First Instalment Payment and the Second Instalment Payment.
Once you have entered your chosen Nominated Card, accepted the Terms and Conditions and your PayPlan Form has been submitted and approved, the First Instalment Payment will be immediately charged to your Nominated Card.
Payment by the Purchaser of the First Instalment Payment and the Second Instalment Payment to the Vendors' Solicitors is a full discharge of the Purchaser's obligations under clauses 6.4(a) and (b) (as the case may be).