Payment Term definition

Payment Term means the length of time for payment of a Deferred Annual Award under Section 4.2.

Payment Term means without prejudice to Clause 12.5, subject to Company’s approval, a period not more than 30 days from the invoice date.

Payment Term means payment term of 7 days, or otherwise granted by the Company, from the date of issue of invoice by the Company.

Examples of Payment Term in a sentence

• Notwithstanding Section 3.3(d), in no event will the Net Sales Payments otherwise due to Seller for a given Payment-Bearing Product for a given country in a Calendar Quarter during the Net Sales Payment Term for such Payment-Bearing Product be reduced by more than [***] of the amount that would otherwise be due in such Calendar Quarter for such Payment-Bearing Product for such country.

• After that 6-month period, Supplier may notify Contractor of their desire to amend the original selection and make such change effective by signing a new Payment Term Selection Form.

• Net Sales Payments are not due on any Net Sales for a given Payment-Bearing Product in a given country for which the Net Sales Payment Term has expired.

• During the Net Sales Payment Term, Buyer shall, and shall cause all other Milestone or Commercializing Parties to, keep complete and accurate records pertaining to the sale or other disposition of Payment-Bearing Products in sufficient detail to permit Seller to determine the Net Sales or whether any Net Sales Payments are payable to Seller hereunder.

• If the individual desires to extinguish their obligations under an ISA prior to the expiration of their Payment Term, an amount equal to the Payment Cap, less any Monthly Payments already made, plus any outstanding fees, must be paid.

More Definitions of Payment Term

Payment Term has the meaning given to it in clause 5.3 (a);

Payment Term means the period during which you pay us a fixed percentage of your Earned Income. Your Payment Term may be extended as described in this ISA.

Payment Term means the time period over which the Property Owner will pay the Special Charge (Actual) commencing on the earlier of the date of first payment of the Special Charge (Actual) and the first payment due date for the Special Charge (Actual,) and ending upon full payment of the Special Charge (Actual);

Payment Term shall have the meaning set forth in Section 3.5.

Payment Term means the time period commencing on the Initial Closing Date and expiring on the date upon which the Investor Representative has received in full (i) cash payments in respect of the Revenue Interests totaling, in the aggregate, the Hard Cap and (ii) any other Obligations payable by the Company Parties under this Agreement and the other Transaction Documents.

Payment Term. The consideration shall be paid by the Group in cash within 60 days after delivery of the relevant assets by the BYD Group to the Group.

Payment Term means the number of days specified in Schedule A, calculated from the last day of the Month of issue of the Tax Invoice.