Payment on Completion Clause Samples

Payment on Completion. Payment of such part of the consideration as may fall to be paid in cash and the proceeds of the placing (if any) shall be made not later than 3.00 p.m. on the date of Completion to the Vendors' Solicitors who are authorised to receive the same on behalf of 3i and the Vendors and payment to whom shall be a good discharge to the Purchaser.

Payment on Completion. On Completion, the Purchaser shall pay the Completion Amount to the Sellers and the Contracts Consideration to SCPLC.

Payment on Completion. 16.1 Payment shall be made upon satisfactory completion of the Contract. (i) Invoice for payment must quote the Contract Number and be sent to: Dstl Accounts Payable ▇▇ ▇▇▇ ▇▇▇ Portsdown West ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Tel: ▇▇▇ ▇▇▇▇ ▇▇▇▇ Fax: ▇▇▇ ▇▇▇▇ ▇▇▇▇ Invoices for payment may be submitted via e-mail in PDF format to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ (ii) To ensure prompt payment, the Contractor shall issue a PDF copy of the invoice to the Demand Owner (Box 2 of the Appendix to Contract) at the same time as the original invoice is submitted to Dstl Accounts Payable. Only one invoice is to be submitted. The Contract Number should be prominently shown on all invoices. Any incorrect or incomplete invoices will be rejected. 16.2 All requests for Payment shall be submitted using the Contractors standard Commercial Invoice to Dstl Accounts Payable as set out in the Appendix to Contract. A copy, such as a photocopy or fax, is not acceptable. 16.3 The Authority will pay all valid, properly completed claims for payment within 30 days of receipt in its ▇▇▇▇ Paying Branch. Claims for payment must include, inter alia, the Contract or Purchase Order number. 16.4 Notwithstanding any statement to the contrary on the Relevant Form, payment approval shall not be construed as acceptance by the Authority of the satisfactory performance of the Contractor's obligations nor as a waiver of its rights and remedies either under the Contract or otherwise. 16.5 Where the Authority is responsible for arranging all or any part of the transportation of Articles to be supplied under the Contract the Authority shall be deemed not to have received the Relevant Form until either: (i) the consignee has physically received the Articles; or (ii) 5 days after the Articles are ready for collection as notified to Dstl’s Demand Owner as at Box 2 of Appendix to Contract. whichever occurs first. Wherever possible, the Contractor shall inform the Demand Owner at least 2 days in advance of the date upon which the Articles shall be ready for collection. 16.6 Where and to the extent that the debt would otherwise be a "qualifying debt" under the Late Payment of Commercial Debts (Interest) Act 1998 ("the Act") “qualifying contractors” may claim simple interest at the prevailing rate of statutory interest (as defined in the Act) as a contractual remedy. No interest shall be payable for any period of delay attributable to the conduct of the Contractor. All claims for interest m...

Payment on Completion. On Completion, the Purchaser shall pay the Consideration to the Seller.

Payment on Completion. The agreed purchase price in respect of a Project will be paid on the completion of the Works. Network Rail will verify completion when the works are deemed to be complete in accordance with the Agreement. No milestone or staged payments will apply. In exceptional cases, payment of discrete Deliverables within a Project may be made where it is specifically agreed by Network Rail that such Deliverables qualify as discrete Deliverables in that they can be taken into use and used safely prior to the Project completion. Payments can be made only for agreed completed GRIP 3, 5 and 7 Deliverables. The exception to this is where the GRIP 4 – 7 Design and Build strategy is applied, where the Delivery Agent must take the whole project financing risk until the end of GRIP 7 without further payment. In taking this into account, the Delivery Agent must include any necessary financing charges, assume any cash flow risk and fund any difference between payments . Accordingly, bids must outline whether GRIP Stages 4 to 8 Design and Build strategy is being used. If so, a GRIP Stage 4 gate review will be applied. Payment of deliverables after GRIP Stage 5 is upon completion of the Project and bids should include any necessary financing charges to manage cash flow.

Payment on Completion. ‌ On Completion: (a) the Deposit (and any interest accruing on it) must be paid to the Seller (or as the Seller directs); and‌ (b) the Buyer must pay the Completion Payment to the Seller (or as the Seller directs); and (c) if the Adjustment Amount has been determined before the Completion Date, the Adjustment Amount is to be paid in accordance with clause 5.5 (“Payment of Adjustment Amount”). Interest on the Deposit is not part payment of the Purchase Price.

Payment on Completion. On Completion, the Buyer agrees to pay to the Seller to the Mallesons ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Trust Account (or otherwise as the Seller directs, provided that such direction has been given by the CP Date) the Purchase Price of $16,000,000, less the Deposit Amount.

Payment on Completion the Buyer must pay the Purchase Price to the Seller in accordance with clause 6.

Payment on Completion. Nuvelo shall pay to Avecia within thirty (30) calendar days after Completion any sums required to be paid pursuant to Clause 3.2 above which may remain outstanding at Completion. Upon Completion, Nuvelo shall pay any sums for milestones triggered pursuant to Clause 3.1 in accordance with the payment terms set forth in Section 3.4.