Contract Payment Terms Sample Clauses

The Contract Payment Terms clause defines the schedule, method, and conditions under which payments are to be made between parties in a contract. It typically outlines when invoices must be submitted, the timeframe for payment (such as net 30 days), and any penalties for late payments or discounts for early payment. By clearly specifying these details, the clause ensures both parties understand their financial obligations, reducing the risk of disputes and promoting timely and predictable cash flow.
Contract Payment Terms. Offerors must indicate the prompt payment terms that they will offer to the State (for example: 2/10 Net 30; 2/15 Net 30, etc.) At a minimum, offeror’s payment terms shall comply with the requirements of A.R.S. Titles 35 and 41, Net 30 days.
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Contract Payment Terms. All interested consultants are invited to note that, if awarded the contract, Plan International’s standard terms of payment are 30 days upon the receipt of original and signed invoice in hard copy, or after acceptance of the Goods/Services/Works, if later. Payment will be made in three stages (Stage 1 - 20% after agreement/engagement letter is signed, stage 2 - 40% after submission of the draft audit reports and stage 3 - 40% after approval of final audit reports).
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Contract Payment Terms. (page 11 of the RFP)
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Contract Payment Terms. Transactive has previously paid to ▇▇▇ $1,862,038 of the minimum subcontract value of $13,662,555, leaving a remaining balance due of $11,800,517. Transactive shall pay ▇▇▇ the balance due of $11,800,517 by monthly payments based on a per card price as set forth below.
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Contract Payment Terms 
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Related to Contract Payment Terms

  • Contract Payment This Contract shall not exceed Insert contract amount here which shall be paid by DEO in consideration for Contractor’s provision of goods and/or services as set forth by the terms and conditions of this Contract. The State of Florida and DEO’s performance and obligation to pay under this Contract is contingent upon an annual appropriation by the Legislature and availability of any and all applicable federal funds. DEO shall be the final authority as to the availability of funds for this Contract, and as to what constitutes an “annual appropriation” of funds to complete this Contract. If such funds are not appropriated or available for the Contract purpose, such event will not constitute a default on DEO or the State. DEO agrees to notify Contractor in writing at the earliest possible time if funds are not appropriated or available. The cost for services rendered under any other Contract or to be paid from any other source is not eligible for reimbursement under this Contract.

  • Contract Payments Payments cannot be processed by Authorized Users until the Vehicles have been delivered and accepted in accordance with Section III.3

  • Origination; Payment Terms The Mortgage Loan was originated by a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Sections 203 and 211 of the National Housing Act, a savings and loan association, a savings bank, a commercial bank, credit union, insurance company or other similar institution which is supervised and examined by a federal or state authority, except with respect to a Mortgage Loan purchased from a correspondent as indicated on the Mortgage Loan Schedule. Principal payments on the Mortgage Loan commenced no more than seventy days after funds were disbursed in connection with the Mortgage Loan. The Mortgage Interest Rate as well as, in the case of an Adjustable Rate Mortgage Loan, the Lifetime Rate Cap and the Periodic Cap are as set forth on the related Mortgage Loan Schedule. Unless specified on the related Mortgage Loan Schedule as an interest-only loan or a Balloon Mortgage Loan, the Mortgage Note is payable in equal monthly installments of principal and interest, which installments of interest, with respect to Adjustable Rate Mortgage Loans, are subject to change due to the adjustments to the Mortgage Interest Rate on each Interest Rate Adjustment Date, with interest calculated and payable in arrears, sufficient to amortize the Mortgage Loan fully by the stated maturity date, over an original term of not more than thirty years from commencement of amortization (or forty years for Mortgage Loans identified on the Mortgage Loan Schedule as a Balloon Mortgage Loan with a forty year amortization period). Unless otherwise specified on the related Mortgage Loan Schedule, the Mortgage Loan is payable on the first day of each month and the Mortgage Loan does not require a balloon payment on its stated maturity date;

  • Other Payment Terms 28 2.09. Loan Accounts; Notes.......................................................................... 29 2.10. Loan Funding.................................................................................. 30 2.11. Pro Rata Treatment............................................................................ 30 2.12. Change of Circumstances....................................................................... 31 2.13. Taxes on Payments............................................................................. 33 2.14. Funding Loss Indemnification.................................................................. 35 2.15. Security...................................................................................... 35

  • Payment Terms DXC agrees to pay Supplier the undisputed amount of an invoice within ninety (90) days after the receipt of a valid, complete and properly documented invoice. Any prompt payment discount will be calculated from the date a conforming invoice is received by DXC. Payment will be in U.S. currency unless otherwise stated. Payment will not constitute acceptance of Products and/or Services or impair DXC’s right to inspect. Acceptance shall be when DXC deems the Products and/or Services to meet its specified criteria (“Acceptance”). DXC, at its option, and without prior notice to Supplier, shall have the right to set off or deduct from any Supplier’s invoice, any credits, refunds or claims of any kind due DXC.