Common use of Due Date for Payments Clause in Contracts

Due Date for Payments. All Payments payable pursuant to this clause shall be due to the Introducing Broker twice a month as follows: (a) For the first half of the month – within three (3) working days after the 15th of each month. (b) For the second half of the month – within the first three (3) workdays of the next month.

Appears in 2 contracts

Sources: Introducing Broker Agreement, Introducing Broker Agreement