Pay Promptly When Due Clause Samples

The "Pay Promptly When Due" clause requires parties to make payments by the specified due dates outlined in the agreement. In practice, this means that invoices or other payment obligations must be settled within the agreed timeframe, such as 30 days from receipt, and failure to do so may result in penalties or interest charges. This clause ensures timely cash flow and reduces the risk of disputes or financial strain caused by late payments.
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Pay Promptly When Due. A. OWNER shall make payments to CONTRACTOR promptly when they are due as provided in paragraphs 14.02.C and 14.07.C.
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Pay Promptly When Due. Owner shall make payments to Contractor promptly when they are due.
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Pay Promptly When Due. Owner shall make payments to Demolition Contractor within forty- five days of receipt of billing of Demolition Contractor per Article 19 hereof.
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Related to Pay Promptly When Due

  • Failure to Pay Principal The Borrower fails to pay or cause to be paid any principal of such Exchange Note on the applicable Final Scheduled Payment Date and, if such failure is due to an administrative omission, mistake or technical difficulty such failure continues for three (3) Business Days after the date when such principal became due or such other length of time as specified in the Exchange Note Supplement;

  • PAYMENT AND EXPENSES 8.1 Each payment to be made by the Guarantor under this guarantee shall be made in pounds sterling, free and clear of all deductions or withholdings of any kind, except for those required by law, and if any deduction or withholding must be made by law, the Guarantor shall pay that additional amount which is necessary to ensure that the Authority receives a net amount equal to the full amount which it would have received if the payment had been made without the deduction or withholding. 8.2 The Guarantor shall pay interest on any amount due under this guarantee from the day after the date on which payment was due up to and including the date of payment in full (whether before or after judgment) in accordance with the Late Payment of Commercial Debts (Interest) ▇▇▇ ▇▇▇▇. 8.3 The Guarantor shall reimburse the Authority for all legal and other costs (including VAT) incurred by the Authority in connection with the enforcement of this guarantee.

  • Pay As compensation for the services provided, the Employee shall be paid

  • Administrative Fees and Formalities 1. Each Party shall ensure that all fees and charges of whatever character imposed on or in connection with the importation or exportation of goods are consistent with Article VIII:1 of GATT 1994 and its interpretive notes. To this end, Article VIII:1 of GATT 1994 and its interpretative notes are incorporated into and made part of this Agreement, mutatis mutandis. 2. Neither Party shall require consular transactions, including related fees and charges, in connection with the importation of any good of the other Party.

  • Payment of Taxes and Expenses The Company shall pay any recording, filing, stamp or similar tax which may be payable in respect of any transfer involved in the issuance of, and the preparation and delivery of certificates (if applicable) representing, (i) any Exercise Shares purchased upon exercise of this Warrant and/or (ii) new or replacement warrants in the Holder’s name or the name of any transferee of all or any portion of this Warrant.