Time for Payment definition

Time for Payment is the time when payment is due as set forth in the PO.
Sample 1

Examples of Time for Payment in a sentence

  • This one year limit will not apply in the absence of legal capacity Time for Payment of Claim: Benefits payable under the Certificate will be paid immediately upon receipt of satisfactory written proof of loss, unless the Certificate provides for periodic payment.

  • This one year limit will not apply in the absence of legal capacity Time for Payment of Claim: Benefits payable under the Plan will be paid immediately upon receipt of satisfactory written proof of loss, unless the Plan provides for periodic payment.

  • Time for Payment Replace the text of the entire sub-clause by: Payments shall be made subject to the conditions as specified in Appendix 3.

  • The full provisions of performance and payment bonds on this Project cover the materials off-site in every respect as though they were stored on the Project Site.10.6 Time for Payment by Contractor Pursuant to Tex.

  • Agency is not required to make such payment more frequently than specified as the Time for Payment.

  • Time for Payment 5.2.2. Delete this sub-clause and all its components entirely and replace with: “If the Consultant does not receive payment within the time stated in Clause 5.2.1, he has a right to impose the penalty in the amount of 1 % per day of the value of the present Agreement (refer to: Appendix 2).

  • The conditions (cut-off times) relating to the submission and execution of SEPA payment orders are specified in the Bank’s Notice on the ‘Cut-off Time for Payment Orders, Incoming Payments And Fulfilment Orders’.

  • When filing a claim for Outpatient Prescription Drug Benefits, your claims should be submitted to: OptumRx Claims Department PO Box 650540 Dallas, TX 00000-0000 Fax number (non-urgent correspondence): (000) 000-0000 Fax number (urgent appeals): (000) 000-0000 Fax number (non-urgent appeals): (000) 000-0000 Payment of Claims Time for Payment of Claim Benefits will be paid within 30 days from the date we receive written notice of all of the required information listed above.

  • Reference should be made to these words as the Policy is read.Accident means a sudden, unforeseeable external event that causes Injury to an Insured Person.

  • GD16 Extension for Time for Payment The Chief Executive Officer be authorised to extend the time for payment of a modified penalty under Section 9.19 of the Local Government Act 1995.

Related to Time for Payment

  • Due for Payment means with respect to an Insured Amount, the Distribution Date on which Insured Amounts are due and payable pursuant to the terms of the Agreement.

  • Application for Payment means Contractor’s monthly partial invoice for payment that includes any portion of the Work that has been completed for which an invoice has not been submitted and performed in accordance with the requirements of the Contract Documents. The Application for Payment accurately reflects the progress of the Work, is itemized based on the Schedule of Values, bears the notarized signature of Contractor, and shall not include subcontracted items for which Contractor does not intend to pay.

  • Extended Due for Payment Date means, in relation to any Series of Covered Bonds, the date, if any, specified as such in the applicable Final Terms to which the payment of all or (as applicable) part of the Final Redemption Amount payable on the Final Maturity Date will be deferred in the event that the Final Redemption Amount is not paid in full on the Extension Determination Date.

  • Request for Payment means a payment application or declaration of expenditure submitted by the Member State to the Commission;

  • Progress Payment means a payment by a public agency to a contractor for work in place under the terms of a construction contract.

  • Time for Completion means the time for completing the Works as stated in the Contract Data (or as extended under Sub-Clause 7.3), calculated from the Commencement Date.

  • Next Payment means, in respect of each Next Payment Date, the greater of (i) the amount of any payments due to be made by Party A under Section 2(a) on such Next Payment Date less any payments due to be made by Party B under Section 2(a) on such Next Payment Date (in each case, after giving effect to any applicable netting under Section 2(c)) and (ii) zero.

  • Eligible Expenditure means expenditure solely for the purpose of delivering the Services agreed and set out in the Appendices and Annexes of this Funding Agreement;

  • Late Payment means any amount that is due and payable by law under a written procurement contract, without deferral, delay, or set-off under COMAR 21.02.07.03, and remains unpaid more than 45 days after an agency receives a Proper Invoice.

  • Progress Payments County shall make periodic progress payments consist with the Contract Price on the basis of Contractor's Applications for Payments, as provided in paragraph

  • Notice to Proceed (NTP) means the authorization issued by the CO to start performance on this Contract.

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Eligible Expenses means expenses incurred for Medical Services rendered with respect to a Disability.

  • Notice to Proceed means notice issued by the OPWC pursuant to Section IV of this Agreement. "OPWC" means the Ohio Public Works Commission created pursuant to Revised Code Section 164.02.

  • Monthly Service Fees means the monthly (or 1/12 of the annual fee) subscription fees paid for the affected Cloud Service which did not meet the SA SLA. “月服务费”是指针对没有达到系统可用性 SLA 的受影响的云服务支付的月服务费（或年服务费的 1/12）。

  • Payment request means any request for contract financing payment or invoice payment submitted by the contractor under this contract.

  • Transfer Payment Either or both of a Transfer Payment Made or a Transfer Payment Received.

  • Full Notice to Proceed means that all material third party contractors have been given the notice to proceed with construction by the Capacity Market Seller or its agent, with a guaranteed completion date backed by liquidated damages.

  • Monthly Invoice means an invoice issued in accordance with section 21 by MDL or the Incentives Pool Trustee to a Shipper or Welded Party for all Charges payable in respect of the previous Month by that Shipper or Welded Party, together with any outstanding amounts in respect of any Month prior to the previous Month.

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • Payment Ahead means, with respect to a Precomputed Receivable and a Collection Period, any Excess Payment (not representing, when added to any Deferred Prepayment with respect to such Precomputed Receivable, a prepayment in full of such Precomputed Receivable) which the Servicer, in accordance with its customary servicing practices, will apply towards the payment of Scheduled Payments due in one or more future Collection Periods.

  • Late Payment Fee means the excess of the Price Differential paid as a result of its calculation at the Post-Default Rate over the Price Differential as would have been calculated at the Pricing Rate.

  • Application for Final Payment means Contractor’s final invoice for payment that includes any portion of the Work that has been completed for which an invoice has not been submitted, amounts owing to adjustments to the final Contract Sum resulting from approved change orders, and release of remaining Contractor’s retainage.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Milestone means an event or task described in the Implementation Plan which, if applicable, must be completed by the relevant Milestone Date;