Generally; Payment in Installments Clause Samples

The 'Generally; Payment in Installments' clause establishes that payments under the agreement will be made in multiple, scheduled portions rather than as a single lump sum. Typically, this means the total amount owed is divided into equal or specified payments, which may be due monthly, quarterly, or according to another agreed schedule. This arrangement helps manage cash flow for both parties and reduces the financial burden on the payer by spreading out payments over time, while also providing the payee with predictable income.
Generally; Payment in Installments. In addition to the Minimum Rent payable with respect to the Leased Property, Tenant shall pay Percentage Rent for each Lease Year. Percentage Rent shall be payable quarterly in arrears in four (4) installments, on the Rent Payment Date occurring in April, July, August and January of each Lease Year, in respect of the quarter ending in the prior month, commencing in 2000. Each quarterly installment shall be based on, and accompanied by, an Officer's Certificate setting forth Tenant's current estimated Receipts for the Leased Property (on a Leased Property-by-Leased Property basis) on a cumulative basis for the period commencing with the Lease Year through the end of the quarter in question, and shall take into account previous installments paid in respect of such Lease Year.
View SourceView Similar (5)

Related to Generally; Payment in Installments

  • Installments For purposes of Section 409A of the Code (including, without limitation, for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), Executive’s right to receive any installment payments under this Agreement shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment.

  • Payment of Final Installment The final installment of principal (whether payable by wire transfer or check) of each Note on a Payment Date, the Redemption Date or the Final Scheduled Payment Date will be payable only on presentation and surrender of the Note, subject to Section 2.7(a). The Indenture Trustee will notify each Registered Noteholder of the date the Issuer expects to pay the final installment on any of the Notes, which notice will be delivered no later than five days before that date, and the place where the Notes may be presented and surrendered for payment.

  • Quarterly Payments The quarterly payment cannot be increased in cases of target over-achievement. The payments are given on cumulative outputs, in arrears, and therefore the maximum payment available will be given by the end of the Contract if the agreed (target) number of outputs is reached or exceeded.

  • Payment Due Date Unless City notifies the Contractor that a dispute exists, Payment shall be made within [Enter number of days, generally ≥ 30] calendar days, measured from (1) the delivery of goods and/or the rendering of services or (2) the date of receipt of the invoice, whichever is later. Payment is deemed to be made on the date on which City has issued a check to Contractor or, if Contractor has agreed to electronic payment, the date on which City has posted electronic payment to Contractor.

  • Payment Due Payment for services provided by BellSouth, including disputed charges, is due on or before the next ▇▇▇▇ date. Information required to apply payments must accompany the payment. The information must notify BellSouth of Billing Account Numbers (BAN) paid; invoices paid and the amount to be applied to each BAN and invoice (Remittance Information). Payment is considered to have been made when the payment and Remittance Information are received by BellSouth. If the Remittance Information is not received with payment, BellSouth will be unable to apply amounts paid to Freedom’s accounts. In such event, BellSouth shall hold such funds until the Remittance Information is received. If BellSouth does not receive the Remittance Information by the payment due date for any account(s), late payment charges shall apply.