Issuance of Payment Clause Samples
The Issuance of Payment clause defines the process and timing by which payments are to be made under an agreement. Typically, it outlines when payments are due, the acceptable methods of payment, and any conditions that must be met before payment is released, such as the submission of invoices or completion of specific milestones. This clause ensures that both parties have a clear understanding of payment expectations, reducing the risk of disputes and facilitating smooth financial transactions.
Issuance of Payment. Invoices for any amounts payable by the Owner pursuant to this Article 10 must be sent by the Contractor electronically to: The Owner shall only be required to make payments pursuant to electronic funds transfer. In order for Owner to make payment to Contractor via electronic funds transfer, Contractor must provide Owner with, in the case of the first payment only, (i) a void cheque, pre-printed deposit slip or bank confirmation letter and (ii) the email address where Contractor wishes to receive remittance information (together, “EFT Information”). EFT Information must be sent electronically to, [REDACTED: Email address]. Subject to Section 10.2.2 and any right of set-off or withholding, the Owner shall, within twenty eight (28) days after the receipt of the Contractor’s Application for Payment (and all supporting documentation), issue payment to the Contractor for such amount as the Owner determines is properly due, via electronic funds transfer. If the amount so determined by the Owner is less than the amount requested by the Contractor, the Owner shall notify the Contractor in writing within fourteen (14) days of receipt of the Contractor’s Application for Payment of the reasons for withholding payment in whole or in part as permitted in this Agreement.
Issuance of Payment. All payments from Sponsor will reference the UMD invoice number and should be remitted as follows: Refunds. Executive Education provided by UMD is nonrefundable.
Issuance of Payment. Following acceptance of the documents for Cancellation of the Shares set forth in Section 1 herein, the Company shall immediately, but in any event within ten (10) business days, deliver to the Stockholder payment in the amount of $100 USD.
Issuance of Payment. All payments from Sponsor will reference the UMD invoice number and should be remitted as follows: ▇▇▇▇▇▇ ▇▇▇▇ University of Maryland | Office of Extended Studies Finance Department ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Reference: Include the name of the organization Please mail or fax the Office of Extended Studies Credit Card Authorization Form
Issuance of Payment. Subject to the terms and conditions of this Agreement, upon the Signing Date of this Agreement, the Company shall make the Payment to B▇▇▇▇ in the amount set forth on Exhibit A hereto.
Issuance of Payment. Payments of principal and interest are payable by the Borrower in lawful monies of the United States of America via wire transfer in immediately available funds for deposit in the account(s) designated in writing by the Holder prior to the date of such payment. Notwithstanding the foregoing, the Company may, in its sole discretion, pay the obligations owing to the Holder pursuant to this Note in full by the issuance to the Holder of ______ shares of the common stock of the Borrower in accordance with applicable Nasdaq rules.
Issuance of Payment. All payments from Sponsor will reference the UMD invoice number and should be remitted as follows: For wire payments (preferred): Please attachment 3 Department of Counseling, Higher Education, and Special Education Attn: ▇▇▇▇▇▇▇▇ ▇▇▇ 3115 ▇▇▇▇▇▇▇▇ Building ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇▇▇▇@▇▇▇.▇▇▇ (▇▇▇) ▇▇▇-▇▇▇▇