Alternative Payment Method Clause Samples
The Alternative Payment Method clause establishes a mechanism for parties to use a different form of payment than originally specified in the agreement. This clause typically outlines the conditions under which an alternative payment method, such as wire transfer instead of check, may be used and may require mutual consent or notification. Its core practical function is to provide flexibility in fulfilling payment obligations, thereby accommodating unforeseen circumstances or preferences and reducing the risk of payment delays or disputes.
Alternative Payment Method any payment method other than wire transfer used by a Customer in order to fulfil a payment obligation or to top up the eWallet;
Alternative Payment Method. A $10 fee will be assessed for any payment you make via the Automated Response Unit. A $15 fee will be assessed for any check by phone payment you make with a customer service representative.
Alternative Payment Method. For purposes of this 3.9, the term "Lender's Stock" shall mean Lender's percentage ownership of the Borrower's stock voting generally in the election of directors (including convertible preferred stock) and owned as of the date of this Agreement plus shares acquired in payment pursuant to this Agreement. In lieu of payment in cash pursuant to 3.8, Lender may at its option elect that payment be made in capital stock of Borrower under the following conditions:
Alternative Payment Method. Any Payment Amount (as such term is defined in the Algerian Risk Sharing Agreement) due by Weather II to VimpelCom may be paid by Weather II, at its discretion, either (i) in US dollars or (ii) in VimpelCom Common Shares to be transferred by Weather II to VimpelCom, it being understood that the value of the VimpelCom Common Shares to determine the number of VimpelCom Common Shares to be transferred shall be the Volume Weighted Average Price of the equivalent VimpelCom ADSs on the NYSE for the 30 trading days prior to the Triggering Event Date (as defined in the Algerian Risk Sharing Agreement).