Payment and Deposit Sample Clauses
The Payment and Deposit clause outlines the obligations of the parties regarding the timing, method, and amount of payments to be made under the agreement, as well as any required deposits. Typically, it specifies when payments are due, acceptable forms of payment, and the conditions under which a deposit must be paid, held, or refunded. This clause ensures both parties are clear on financial expectations, reducing the risk of disputes over payment terms and providing security for the party receiving the deposit.
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Payment and Deposit. 4.1 Within 7 days of the Booking Date, the Hirer shall pay a deposit to the Manager calculated by reference to the agreed Charge Method as follows:
4.1.1 for the Package Rate Option, 50% of the amount payable based on the Minimum Number or the confirmed numbers of Invitees under clause 3.2.2 (whichever is higher at that point); or
4.1.2 for the Room Hire Option, 50% of each of the Room Hire Charge, the Equipment Charge, the Service Charge and the Catering Charge based on the Minimum Number or the confirmed numbers of Invitees under clause 3.1.3(b) (whichever is higher at that point), and the amount of the deposit paid (and any additional deposit paid under this clause 4) will be credited against the overall charges. In the event of a cancellation, the deposit (and any additional deposit paid under this clause 4) will be used towards satisfaction of any cancellation charges incurred under clause 5, and any balance not used towards satisfaction of any cancellation charges and/or any other liabilities owing to the Manager or the Owner shall be refunded.
4.2 If, after payment of the deposit but before payment of the balance, there is an increase to the Minimum Number or the confirmed number of Invitees under clause 3.1.3(b) or clause 3.2.2 (whichever is applicable) or if there is any other change which results in an increase in any of the overall charges payable by the Hirer, the deposit shall be recalculated in accordance with clause 4.1 but taking account of any and all such aforementioned applicable increases, as known at that point, and the Hirer shall, on demand pay to the Manager the difference between the previous deposit(s) paid and the recalculated deposit.
4.3 The full balance of all outstanding sums (or as close to full balance as can be ascertained at that point) shall be paid no later than one month before the start of the Hire Period. If a booking is confirmed less than one month before the start of the Hire Period starts, full payment (or as close to full payment as can be ascertained at that point) is required to be paid on the Booking Date, as follows, depending upon the agreed Charge Method: a) for the Package Rate Option, 100% of the amount payable under the Package Rate Option based on the Minimum Number or the confirmed numbers of Invitees under clause 3.2.2 (whichever is higher at that point); or
Payment and Deposit. 5.4.1 Amounts payable under this Agreement are due and payable within thirty (30) Days after the date of invoice, or within twenty (20) Days after receipt of the invoice, whichever is later (payment Due Date). If the payment Due Date is not a business day, the payment shall be due the next business day.
5.4.2 One Party may discontinue processing orders for the failure of the other Party to make full payment for the relevant service, less any disputed amount as provided for in Section 5.4.4 of this Agreement, for the relevant services provided under this Agreement within thirty (30) Days following the payment Due Date. The Billing Party will notify the other Party in writing at least ten (10) business days prior to discontinuing the processing of orders for the relevant services. If the Billing Party does not refuse to accept additional orders for the relevant services on the date specified in the ten (10) business days notice, and the other Party's non-compliance continues, nothing contained herein shall preclude the Billing Party's right to refuse to accept additional orders for the relevant services from the non-complying Party without further notice. For order processing to resume, the billed Party will be required to make full payment of all charges for the relevant services not disputed in good faith under this Agreement. Additionally, the Billing Party may require a deposit (or additional deposit) from the billed Party, pursuant to this Section. In addition to other remedies that may be available at law or equity, the billed Party reserves the right to seek equitable relief, including injunctive relief and specific performance.
5.4.3 The Billing Party may disconnect any and all relevant services for failure by the billed Party to make full payment, less any disputed amount as provided for in Section 21 of this Agreement, for the relevant services provided under this Agreement within sixty (60) Days following the payment Due Date. The billed Party will pay the applicable reconnect charge set forth in Exhibit A required to reconnect each resold End User Customer line disconnected pursuant to this paragraph. The Billing Party will notify the billed Party in at least ten (10) business days prior to disconnection of the unpaid service(s). In case of such disconnection, all applicable undisputed charges, including termination charges, shall become due. If the Billing Party does not disconnect the billed Party's service(s) on the date specified in the ten (...
Payment and Deposit. The Licensee will be notified of the CFSC’s acceptance of the completed agreement (including required deposit). If the Application and Booth License Agreement is not selected or accepted by the CFSC, the deposit will be returned to the Licensee.
Payment and Deposit. To reserve a City Park the amount of the cleaning/damage deposit is due at the time the Rental Agreement is issued. Payment in full is due 30 days prior to the scheduled rental. If the Park is reserved with less than 30 days notice, payment in full is due at the time the Rental Agreement is issued.
Payment and Deposit. 5.4.1 Amounts payable under this Agreement are due and payable within thirty (30) Days after the date of invoice, or within twenty (20) Days after receipt of the invoice, whichever is later (Payment Due Date). If the Payment Due Date is not a business day, the payment shall be due the next business day.
5.4.1.1 Payments shall be made in U.S. Dollars via electronic funds transfer (“EFT”) to the other Party’s bank account or by check. At least thirty (30) Days prior to the first transmission of data and information for payment of Connectivity Charges, Qwest and CLEC shall provide each other the name and address of its bank, its account and routing number and to whom payments for Connectivity Charges should be made payable, if this information has not been previously provided. If such banking information changes, each Party shall provide the other Party at least sixty (60) Days written notice of the change and such notice shall include the new banking information. The Parties will render payment via EFT or by check. CLEC will provide Qwest with one address to which such payments shall be rendered and Qwest will provide to CLEC with only one address to which such payments shall be rendered. In the event CLEC receives multiple Connectivity Bills from Qwest which are payable on the same date, CLEC may remit one payment for the sum of all Connectivity Bills payable to Qwest’s bank account specified in this subsection.
5.4.2 One Party may discontinue processing orders for relevant services for the failure of the other Party to make full payment, less any disputed amount as provided for in Section
Payment and Deposit. Seasonal rates for the season of May 1, 2025 – April 30, 2026 will be $3725 + GST This rate includes • a full service (50 AMP, water hookup, sewer hookup) campsite between the dates of May 1, 2025 and September 30, 2026 (Please note water will not be turned on until the May long weekend) • A Rowan's Ravine Provincial Park Pass • Sewer pump outs • Winter storage of trailer, boat, and shed until April 30 of the following year. A $500 NON-REFUNDABLE SITE DEPOSIT WILL BE REQUIRED AT THE TIME OF BOOKING TO HOLD THE SITE. The remainder of the seasonal fee - $3411.25 - will be due by April 1, 2025. Payments can be completed one of two ways:
Payment and Deposit. ALL rates are subject to a deposit of $250.00 EXCEPT when alcohol is being served then the deposit will be $400.00. No alcoholic beverages are permitted in the Facility unless served by a vendor with a “special dispenser’s license”. Deposit must be paid in FULL before event is scheduled and all rental fees must be paid 30 days prior to the scheduled event. The cleaning/damage deposit will be deposited in a City account and will be refunded if the facility is cleaned after the event and the facility has not been damaged to the satisfaction of the City. If the amount of deposit is greater than the cost of cleaning or damage, the difference will be refunded. If the cost of cleaning or damage is greater than the amount of deposit the renter will be charged accordingly.
Payment and Deposit. The Client will pay a deposit of $500.00 at the time the tour reservation is confirmed. No tour reservation will be held without payment of the full deposit amount. Any remaining amount due must be paid within 2 weeks of the tour reservation or the tour reservation will be deemed cancelled and monies paid forfeited.
Payment and Deposit. 2.1 Amounts payable under this Agreement are due and payable as described in Attachment 7 to this Agreement unless properly disputed under this Agreement or applicable tariff. The billing Party may discontinue processing additional orders, disconnect associated services, or otherwise seek appropriate remedies for failure by the other Party to make full payment of non-disputed amounts within sixty (60) days after receipt of the billing Party’s invoice.
2.2 USWC may require a suitable deposit to be held by USWC as a guarantee for payment of USWC’s charges for companies which cannot demonstrate sufficient financial integrity based on commercially reasonable standards, which may include a satisfactory credit rating as determined by a recognized credit rating agency reasonably acceptable to USWC. Financial integrity or satisfactory credit for the purposes of this Agreement may also be defined as (a) twelve (12) months positive payment history for billing amounts of comparable magnitude by NT&T in another capacity with USWC, as, for example, in the interexchange area;
Payment and Deposit. 4.1. The Renter will be responsible for the arrangement and payment of services mentioned in this Agreement.
4.2. A deposit representing 50% of Rent and all other amounts payable by the Renter as established or estimated in this Agreement must be paid 30 days in advance from the date of the event. If payment is made by cheque, the Agreement shall be subject to termination if the cheque cannot be processed. No terms are implied or granted and no work will be allowed to commence until payment is received. The balance of the Rent and all other amounts owing by the Renter shall be paid upon receipt of final invoice.
4.3. The methods of payment accepted by SSMU are: VISA, MasterCard, and Cheque. Some forms of payment may be subject to additional fees. Payment can be made over the phone (▇▇▇-▇▇▇-▇▇▇▇ or ▇▇▇-▇▇▇-▇▇▇▇) with the reservation number as a reference or directly at SSMU’s front desk located at ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇ ▇▇▇.
4.4. All payments should be made out to “Students’ Society of ▇▇▇▇▇▇ University”.
4.5. The Renter shall not be entitled to a reduction in amounts owing to SSMU under any circumstance including, but not limited to, a reduction or non-payment of amounts owing to SSMU because of renovations, acts of God, force majeure, strikes, lockouts and other labour disputes, etc.