Demands for Payment Clause Samples

The Demands for Payment clause establishes the process by which one party can formally request payment from another under the terms of the agreement. Typically, this clause outlines the required format for making a demand, such as written notice, and may specify supporting documentation or deadlines for payment. Its core function is to ensure that payment requests are made in a clear, standardized manner, reducing disputes and providing a transparent mechanism for enforcing financial obligations.
Demands for Payment. Each demand for payment pursuant to Section 2.2 hereof shall be made in accordance with the terms of Section 18 hereof. Demands for payment hereunder may be made on any number of occasions. A dated statement signed by an officer of the Bank and setting forth the amount of the Obligations at the time owing to the Bank, or (as the case may be) setting forth the amount of the obligations at the time owing by the Guarantor to the Bank pursuant to Section 9 hereof, shall, save for manifest error, be prima facie evidence thereof as between the Guarantor and the Bank in any legal proceedings against the Guarantor in connection with this Guaranty.
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Demands for Payment. Demands for payment of cash in respect to Appraisal Shares shall not have been received with respect to more than 5% of the outstanding shares of Company Common Stock.
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Demands for Payment. That upon the happening or occurrence of any of the following: (i) the maturity or acceleration of the amounts or Obligations secured hereunder; or (ii) any demand for payment under the Agreement or any other related document in connection therewith by the Secured Party, then the Debtor shall be deemed to be in default hereunder and all of the Obligations then existing and/or secured hereunder shall, at the option of the Secured Party, become due and payable forthwith, without demand upon or notice to the Debtor. Furthermore, upon such happening or occurrence of the events described in this paragraph (a), the Secured Party shall have and may, in its sole discretion, exercise, invoke or enforce any and all of the rights and remedies set forth in the following subparagraphs (b) through (d):
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Demands for Payment. For the avoidance of doubt, the Developer confirms that any personnel costs funded by the NZTC are based upon the Developers fully burdened cost rate (i.e. reflect payroll burden only). The Developer will be required to evidence each individual cost rate from the Developer’s PAYE records. The Developer is also required to provide PAYE evidence of the individuals cost rate at the point of three
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Demands for Payment. Subject to the foregoing and the further provisions of this Letter of Credit, a demand for payment may be made by you by presentation to us, at Manufacturers and Traders Trust Company, 15th Floor, Suite 1501, 2▇ ▇. ▇▇▇▇▇▇▇ Street, Baltimore, Maryland 21201, of an executed:
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Demands for Payment. Upon the occurrence and during the continuance of a Forbearance Default, the Collateral Agent shall have and may, in his or its sole discretion, exercise, invoke or enforce any and all of the rights and remedies set forth in the following subparagraphs (b) through (d):
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Demands for Payment 
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Related to Demands for Payment

  • Basis for Payment DFPS is not obligated to pay unauthorized costs or to pay more than Grantee’s allowable and incurred costs consistent with 45 Code of Federal Regulations (CFR) 75, Subpart E (Cost Principles). Grantee is responsible for submitting invoices in an accurate and timely manner for each service period and for notifying DFPS of a need to expedite payment. DFPS will make reasonable efforts to process all bills received in an accurate and timely manner but does not warrant immediate payment.

  • Funds for Payments (a) All payments of principal, interest, fees, and any other amounts due hereunder or under any of the other Loan Documents shall be made to the Administrative Agent, for the respective accounts of the Lenders or (as the case may be) the Administrative Agent, at the Administrative Agent's Head Office, in each case in Dollars and in immediately available funds. (b) All payments by the Borrower hereunder and under any of the other Loan Documents shall be made without setoff or counterclaim and free and clear of and without deduction for any taxes, levies, imposts, duties, charges, fees, deductions, withholdings, compulsory liens, restrictions or conditions of any nature now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless the Borrower is compelled by law to make such deduction or withholding. If any such obligation is imposed upon the Borrower with respect to any amount payable by it hereunder or under any of the other Loan Documents, the Borrower shall pay to the Administrative Agent, for the account of the Lenders or (as the case may be) the Administrative Agent, on the date on which such amount is due and payable hereunder or under such other Loan Document, such additional amount in Dollars as shall be necessary to enable the Lenders to receive the same net amount which the Lenders would have received on such due date had no such obligation been imposed upon the Borrower. The Borrower will deliver promptly to the Administrative Agent certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by the Borrower hereunder or under such other Loan Document.

  • REQUESTS FOR PAYMENT Payments shall be made in accordance with Article I.4 of the Special Conditions.

  • Time for Payment Interconnection Customer must provide the additional Security, in a form and with terms as required by Section 212.4, within 15 days after its receipt of Transmission Provider’s notice under this section. The requirement for additional Security under this section shall be treated as a milestone included in the Interconnection Service Agreement pursuant to Section 212.5.

  • Applications for Payment 9.3.1 At least ten days before the date for each progress payment established in the State- Contractor Agreement, the Contractor shall submit to the Architect an itemized Application for Payment, notarized if required, supported by such data substantiating the Contractor's right to payment as the State or the Architect may require. The application for payment must, at a minimum, reflect retainage and the required waivers of lien and any other support documentation enumerated elsewhere in the Contract Documents. 9.3.2 Unless otherwise provided in the Contract Documents, payments will be made on account of materials or equipment not incorporated in the Work but delivered and suitably stored at the site and, if approved in advance by the State, payments may similarly be made for materials or equipment suitably stored at some other location agreed upon in writing. Payments for materials or equipment stored on or off the site shall be conditioned upon submission by the Contractor of bills of sale or such other procedures satisfactory to the State to establish the State's title to such materials or equipment or otherwise protect the State's interest, including applicable insurance and transportation to the site for those materials and equipment stored off the site. 9.3.3 The Contractor warrants that title to all Work, materials and equipment covered by an Application for Payment will pass to the State either by incorporation in the construction or upon the receipt of payment by the Contractor, whichever occurs first, free and clear of all liens, claims, security interests or encumbrances, hereinafter referred to in this Article 9 as "liens"; and that no Work, materials or equipment covered by an Application for Payment will have been acquired by the Contractor, or by any other person performing Work at the site or furnishing materials and equipment for the Project, subject to an agreement under which an interest therein or an encumbrance thereon is retained by the seller or otherwise imposed by the Contractor or such other person.