Payment by the State Sample Clauses
The 'Payment by the State' clause defines the obligation of a government entity to provide payment for goods, services, or work performed under a contract. Typically, this clause outlines the timing, method, and conditions under which the State will make payments, such as requiring submission of invoices or completion of specific milestones. Its core practical function is to ensure that contractors or vendors are compensated in a predictable and transparent manner, thereby reducing disputes and providing financial certainty for both parties.
Payment by the State. 1. The Minister pays what the State is due under this agreement in consideration of the corporate guarantee credit referred to by the credit provider in its request.
Payment by the State