Common use of When Due and Payable Clause in Contracts

When Due and Payable. All such commissions, fees, taxes and charges owed to MTC will be accrued at the time of transaction (as advised on the Client statement), and will typically become due and payable on or before the 20th of each month following the transaction; except that, where a Client requests withdrawal of all funds held by MTC, such disbursements shall be deducted immediately prior to payment into the Client’s bank account.

When Due and Payable. Mt.Cook Financial All such commissions, fees, taxes and charges owed to MTC will be accrued at the time of transaction (as advised on the Client statement), and will typically become due and payable on or before the 20th of each month following the transaction; except that, where a Client requests withdrawal of all funds held by MTC, such disbursements shall be deducted immediately prior to payment into the Client’s bank account.