Accounts Payments Clause Samples
The "Accounts; Payments" clause sets out the procedures and requirements for invoicing and making payments between parties under an agreement. It typically details when and how invoices should be issued, the acceptable methods of payment, and the timeframes within which payments must be made. For example, it may specify that payments are due within 30 days of receiving an invoice and outline acceptable currencies or bank account details. The core function of this clause is to ensure clarity and consistency in financial transactions, reducing the risk of disputes over payment timing or methods.
Accounts Payments. (a) On or before the Closing Date, the Borrowers shall establish and maintain with Wachovia an account (as more specifically identified on Schedule 1 hereto, the “Collection Account”) into which all Income, CDO Equity Distributions and other amounts required to be paid pursuant to this Agreement shall be deposited and ARCM shall establish and maintain with Wachovia an account into which all CDO Management Fees shall be deposited (as more specifically identified on Schedule 1 hereto, the “CDO Management Fee Account”). The Collection Account and the CDO Management Fee Account shall be established at Wachovia’s Charlotte, North Carolina location. The Collection Account shall be in the name of one (1) or more Borrowers and the CDO Management Fee Account shall be established in the name of ARCM. The Collection Account shall be for the benefit of each beneficiary of the security interest in favor of the Administrative Agent and for the benefit of each Borrower (but only to the extent any such Borrower is entitled to any cash flow in accordance with Subsection 2.7(b) hereof). The Administrative Agent shall invest any cash deposited in the Collection Account in such Permitted Investments as a Borrower shall direct the Administrative Agent in writing. The CDO Management Fee Account shall be for the benefit of each beneficiary of the security interest in favor of the Administrative Agent and for the benefit of ARCM (but only to the extent ARCM is entitled to any cash flow in accordance with Subsection 2.7(b) hereof).
(b) The Administrative Agent shall be entitled to receive on behalf of the Lenders and the other Affected Parties an amount equal to all Income paid or distributed on or in respect of the Collateral, the Required Payments and all other payments and amounts required or permitted hereunder or under the other Loan Documents, which amounts shall be deposited by the Borrowers and all other applicable Persons into the Collection Account or the CDO Management Fee Account, as applicable. On or before each Payment Date and on such other dates as the Administrative Agent may determine in its discretion, the Administrative Agent shall transfer all amounts on deposit in the CDO Management Fee Account to the Collection Account. On each Payment Date, any amounts on deposit in the Collection Account shall be withdrawn by the Administrative Agent and shall be applied as follows: FIRST, to the payment of all reasonable out-of-pocket costs and expenses (including, withou...
Accounts Payments. 44 SECTION 8.3
Accounts Payments. 90 Section 8.1 Accounts ..............................................................................................90 Section 8.2
Accounts Payments. 42 SECTION 9.1. Borrower Accounts........................................................42 SECTION 9.2. Servicer Reimbursements..................................................45 SECTION 9.3. Application of Collections...............................................45 SECTION 9.4.
Accounts Payments. 41 SECTION 8.3 General Provisions Regarding Accounts. . . . . . . . . . . . . 43 SECTION 8.4 Release of Trust Estate. . . . . . . . . . . . . . . . . . . . 43 SECTION 8.5
Accounts Payments. Payment is made within 10 working days unless otherwise agreed with Administrator (3). Payment is made by cheque/EFT (electronic funds transfer), under no circumstances will cash be issued. 5 A3/A4 posters and/or 100 flyers must be supplied to Wexford Arts Centre a minimum of 3 weeks prior to the performance for inhouse display from all performers. For town distribution a further 25 A3/A4 posters and/or 300 flyers must be supplied – town distribution only applies to touring artists/companies. WAC is not responsible for design/print of any publicity material. On the provision of Artwork WAC can print posters inhouse for €1.00 each. Additional design/marketing can be arranged and charged for accordingly. Please forward good quality jpeg image of 400 dpi and short PR information piece approx 60 words for use in programme and additional information for online sales and marketing to Marketing Manager (5). WAC will edit copy as required to enhance target market sales. Additional information can be provided for box office reference for targeting sales including running time, and any age restrictions. Events cancelled less than 1 week prior to performance date may be liable to €200 administration charge for costs incurred to promote at the discretion of the Executive Director (4). The performer will not perform within Wexford County within six weeks before or after agreed date of event.
Accounts Payments. Statements to Certificateholders and Noteholders. . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Section 5.1
Accounts Payments. 7478 Section 8.1 Accounts.................................................................................... 7478 Section 8.2 Excluded Amounts..................................................................... 7680 Section 8.3 Distributions, Reinvestment and Dividends.............................. 7780 Section 8.4 Fees............................................................................................ 8084 Section 8.5 Collateral Report........................................................................ 8084 ARTICLE IX REPRESENTATIONS AND WARRANTIES OF THE BORROWER 8185 Section 9.1 Organization and Good Standing............................................... 8185 Section 9.2 Due Qualification....................................................................... 8286 Section 9.3 Power and Authority.................................................................. 8286 Section 9.4 Binding Obligations................................................................... 8286 Section 9.5 Security Interest......................................................................... 8286 Section 9.6 No Violation............................................................................... 8387 Section 9.7 No Proceedings.......................................................................... 8388 Section 9.8 No Consents............................................................................... 8488 Section 9.9 Solvency..................................................................................... 8488 Section 9.10 Compliance with Laws............................................................... 8488 Section 9.11 Taxes........................................................................................... 8488
Accounts Payments. 11.1 All accounts which are not paid within the specified terms may be referred for debt collection and any additional costs incurred may be borne by the Client on a full indemnity basis.
11.2 You agree to pay Late Fees as specified in our Fee Schedule.
11.3 Failure to pay an account may result in appropriate action taken to affect Your credit rating. Please note that this may affect Your ability to receive future service and finance.
11.4 Unless otherwise agreed in writing with EscapeNet, Accounts must be paid by one of the following approved methods:
(i) Credit card;
(ii) Direct debit;
(iii) BPAY;
(iv) EFTPOS;
(v) Cheque; or
Accounts Payments. 7074 Section 8.1 Accounts....................................................................................................7074 Section 8.2 Excluded Amounts.....................................................................................7276 Section 8.3 Distributions, Reinvestment and Dividends..............................................7276 Section 8.4 Fees............................................................................................................7579 Section 8.5 Collateral Report........................................................................................7680