Due date for payment Clause Samples
POPULAR SAMPLE Copied 14 times
Due date for payment. 5.1 Where the Covenantor becomes liable to make any payment pursuant to clause 2 or sub-clause 6.2 of this Schedule, the due date for the making of that payment shall be:
5.1.1 (save as mentioned in sub-clause 5.1.2 below and subject to the provisions of sub-clause 5.2 below), the date falling ten Business Days after the date when the Covenantor has been notified by any member of the Group or the Buyer, that the Covenantor has a liability for a determinable amount under clause 2 or sub-clause 6.2; or
5.1.2 in respect of an ‘A’ Liability for Taxation only, the date (if later than that specified in paragraph 5.1.1 above) five Business Days prior to:
(i) in the case of Tax in respect of which there is no provision for payment by instalments, the latest date on which the tax in question can be paid to the relevant tax authority in order to avoid a liability to interest or penalties accruing:
(ii) in the case of Tax in respect of which there is provision for payment by instalments, each date on which an instalment of such Tax becomes payable (and so that on each such date an appropriate proportion of the amount claimed shall be paid, such proportion to be notified by the Buyer to the Covenantor at least ten Business Days prior to each such date);
(iii) in the case of a payment relating to Group Relief the date on which the repayment of the Group Relief is payable to the person demanding the same.
5.2 Notwithstanding the provisions of sub-clause 5.1 above, if the date on which Tax to which this clause applies can be recovered is deferred following application to the appropriate Tax Authority and the Covenantor indemnifies the Buyer and each member of the Group concerned to their reasonable satisfaction in accordance with clause 8.2.1, the date for payment by the Covenantor shall be the earlier of the date on which the Tax becomes recoverable by the relevant Tax Authority (notwithstanding any initial deferral) and such date when the amount of Tax is finally and conclusively determined. For this purpose, an amount of Tax shall be deemed to be finally and conclusively determined when, in respect of such amount, an agreement under Section 54 of the Taxes Management Act 1970 is made, or a decision of a court or tribunal is given or any binding agreement or determination is made from which either no appeal lies or in respect of which no appeal is made within the prescribed time limit.
5.3 If any payment required to be made by the Covenantor under this Schedule is not ...
Due date for payment. The settlement date for each Tax Invoice issued by the Distributor must be the 20th day of the month in which the Tax Invoice is received, or if the 20th day of the month is not a Working Day, the first Working Day after the 20th day. However, if the Distributor fails to send a Tax Invoice to the Trader within 10 Working Days after the last day of the month to which the Tax Invoice relates, the due date for payment is extended by 1 Working Day for each Working Day that the Tax Invoice is late.
Due date for payment. Interest on Past Due Invoices, Remedies for Non- payment, and Procedures for Disputing Charges. For fees and charges other than charges for facilities modification, capacity expansion, and make-ready work, each bill or invoice submitted by SWBT to Applicant shall state the date that payment is due, which date shall be not less than 60 days after the date of the bill or invoice. Applicant will pay each such bill or invoice on or before the stated due date. For facilities modification, capacity expansion, and make-ready work, the payment due date shall be not less than 30 days after the date of the bill or invoice.
(a) Interest on past due bills and invoices shall accrue at the rate of 12% per annum, or the maximum rate allowed by law, whichever is less.
(b) Applicant’s failure to pay SWBT’s fees and charges shall be grounds for terminating this Agreement and licenses subject to this Agreement.
(c) If Applicant fails to pay, when due, any fees or charges billed to Applicant under this Agreement, and any portion of such fees or charges remains unpaid more that 15 calendar days after the due date, SWBT may send Applicant a written notice advising Applicant that this Agreement, or specified licenses subject to this Agreement, may be terminated if such fees or charges are not paid within 15 calendar days after the date of the notice. Applicant must remit to SWBT all such unpaid fees or charges, whether disputed or undisputed, within 15 days after the date of the notice. If Applicant pays disputed fees under protest, and it is later determined that such fees or any portion thereof should be refunded, the portion of fees to be refunded shall be refunded with interest at the rate of 12% per annum or the maximum rate allowed by law, whichever is less.
(d) Applicant may dispute any fees or charges billed by SWBT to Applicant under this Agreement by invoking the dispute resolution procedures set forth in Article 30 of this Agreement.
(e) If Applicant does not dispute such fees or charges and any portion of such undisputed fees or charges remains unpaid 30 calendar days after the date of the notice, SWBT may, to the extent permitted by the Pole Attachment Act and applicable rules, regulations, and commission orders, terminate this Agreement and licenses subject to this Agreement, suspend the processing of pending applications for access to SWBT’s poles, ducts, conduits, and rights-of-way located in this State, and refuse to accept further applications for access until ...
Due date for payment. (a) The User must pay the aggregate amount stated in each invoice within 10 Business Days of the date of the invoice (Due Date).
(b) The User must nominate in writing the recipient of invoices if different to the party specified in Annexure 1.
Due date for payment. The due date for payment of any invoice or other statement of amount payable is 28 days after the receipt of such invoice or other statement of amount payable.
Due date for payment. The settlement date for each Tax Invoice issued by the Distributor will be the 20th day of the month in which the Tax Invoice is received, or if the 20th day of the month is not a Working Day, the first Working Day after the 20th day. In the event the 20th day of the month falls on a local anniversary day in the city specified for the Retailer’s street address at the start of this agreement, the settlement date will be the 20th day of the month or the last Working Day preceding the 20th day of the month. However, if the Distributor fails to send a Tax Invoice to the Retailer within 10 Working Days after the last day of the month to which the Tax Invoice relates, the due date for payment will be extended by 1 Working Day for each Working Day that the Tax Invoice is late.
Due date for payment. SPREP must make payment of a correctly rendered invoice within 28 days after receiving the invoice. If this period ends on a day that is not a Business Day, payment is due on the next Business Day.
Due date for payment. Save where this Agreement, the Regulations or any other relevant legislation expressly requires otherwise, any amount which the Admission Body is required to pay by virtue of Clauses 5.1 (Payments) and 6.1 (Contributions to the Fund) must be paid to the Fund within 20 Business Days of receipt by the Admission Body from the Administering Authority of written notification of the sum or (where relevant) of any revised rates and adjustments certificate, or within such other period and on such terms as the Administering Authority and the Admission Body may agree.
Due date for payment. (a) Except as otherwise provided in Clause 12.2.1(b), the amount shown as due to be paid by a Party in an invoice issued in accordance with this Agreement shall become due and payable on the fifteenth (15th) Day after the date on which the relevant Party received such invoice.
(b) The amount shown as due to be paid by a Party in an invoice issued for amounts due under Paragraph 2.1 of Part A of Schedule 2 shall become due and payable on the tenth (10th) Day after the date on which the relevant Party received such invoice.
Due date for payment. The due date for payment shall be [*] from the date the correct invoice is received by BUYER.