Monetary Transactions Clause Samples
The Monetary Transactions clause governs the processes and requirements for the exchange of funds between parties under the agreement. It typically outlines acceptable payment methods, deadlines for payment, and any conditions or procedures for invoicing and receipts. By clearly defining how and when payments are to be made, this clause helps prevent disputes over financial obligations and ensures both parties understand their responsibilities regarding monetary exchanges.
Monetary Transactions. In general all monetary transactions are chargeable with the exception of reversal transactions. The only chargeable reversal transaction is for returned investment checks. The following is a current list of chargeable transactions: ================================================================================ Description Transaction Type Sub Code Literal Code ================================================================================ Incoming Wires PUR ▇▇ ▇▇ ================================================================================ Wire Order Purchases WOF 01 00 ================================================================================ Check Purchases PUR ▇▇ ▇▇ ================================================================================ ▇▇▇ ▇▇ ▇▇ ================================================================================ PUR 01 05 ================================================================================ PUR 01 08 ================================================================================ PUR 01 09 ================================================================================ PUR 07 00 ================================================================================ PUR 07 01 ================================================================================ PUR 08 00 ================================================================================ PUR 09 00 ================================================================================ PUR 09 01 ================================================================================ PUR 09 14 ================================================================================ PUR 10 00 ================================================================================ PUR 14 00 ================================================================================ PUR 15 00 ================================================================================ PUR 16 01 ================================================================================ PUR 22 00 ================================================================================ Description Transaction Type Sub Code Literal Code ================================================================================ PUR 01 97 ================================================================================ PUR 01 98 ================================================================================ PUR 26 00 ========================================...
Monetary Transactions. 4.1. The Author will be paid a one-time flat fee of $<tbd based on word count>
4.2. The Author will be entitled to no royalties.
Monetary Transactions. The OSJD may receive and hold any kind of funds, currency, cash or securities. It may dispose of them for any purpose provided for by the Convention or any decisions taken by the governing bodies of the OSJD and hold accounts in any currency to the extent required to meet its obligations.