Payments due to us Clause Samples

The "Payments due to us" clause defines the obligation of the client or counterparty to pay the amounts owed to the service provider or seller under the agreement. It typically outlines when payments must be made, the acceptable methods of payment, and any consequences for late or missed payments, such as interest charges or suspension of services. This clause ensures that the party providing goods or services receives timely compensation, thereby supporting cash flow and reducing the risk of non-payment.
Payments due to us. 8.1 Whenever any payment of commission, fees or charges is due to us under the terms of this agreement (each a Client Payment), ▇▇ ▇▇▇▇ shall (subject to there being Withdrawable Cash in the relevant cash ledger of your Customer Account) transfer the amount due to us from your Customer Account calculated at the rates notified by us to ▇▇ ▇▇▇▇ from time to time. We shall be responsible for ensuring that there is Withdrawable Cash in your relevant Customer Account to make each Client Payment and for advising ▇▇ ▇▇▇▇ of the amount and due date for payment of a Client Payment (other than commission). We shall also be responsible for ensuring that the amount of each Client Payment is correct and that any Client Payments we request ▇▇ ▇▇▇▇ to deduct are properly disclosed to you. ▇▇ ▇▇▇▇ shall be entitled to assume that the amount and due date we advise ▇▇ ▇▇▇▇ in respect of each Client Payment are correct and that we have made the requisite disclosure to you. 8.2 For the purpose of this clause 8, Withdrawable Cash in relation to a Client Payment payable from: 8.2.1 cash deposit ledgers do not include monies due from unsettled Sell Orders and are net of any sum then due to ▇▇ ▇▇▇▇; 8.2.2 income ledgers only include cleared monies.
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Payments due to us. In the event of your failure to make any payment or to deliver any securities due to us, we reserve the right to retain any funds due (including monies held on your account) to you and to offset the liability against those funds. If you have not paid any amount owing on the same business day as the due settlement date we also reserve the right to sell any securities in our possession and to use the proceeds against your liability to us. In the event of your failure to make any payment due to us by the due settlement date we further reserve the right to charge interest on the overdue amount at the rate of 4% above our primary bankers’ base rate equivalent then ruling for sterling and 4% over cost of funds for foreign currencies. CGWIL reserve the right to pass on, and you shall be liable to CGWIL for, any additional charges charged to them by third parties in relation to such overdue amounts. All payments due to us by you must be made in immediately available funds to the account we designate without any set- off, counterclaim or deduction. If you make any deduction or withholding you shall pay such additional amount as shall T&A0011 | Terms of business | For Canaccord Genuity Wealth (International) Limited | August 2024 6 ensure we receive the full amount due without the deduction or withholding.
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Payments due to us. In the event of your failure to make any payment or to deliver any securities due to us, we reserve the right to retain any funds due (including monies held on your account) to you and to offset the liability against those funds. If you have not paid any amount owing on the same business day as the due settlement date we also reserve the right to sell any securities in our possession and to use the proceeds against your liability to us. In the event of your failure to make any payment due to T&A0011 | Terms of business | For Canaccord Genuity Wealth (International) Limited | May 2025 6 us by the due settlement date we further reserve the right to charge interest on the overdue amount at the rate of 4% above HSBC Bank plc base rate then ruling for sterling and 4% over the applicable base rate for foreign currencies. However, should the relevant base rate then ruling be negative, it shall be set to 0% for the purposes of charging 4% interest on the overdue amount. Canaccord Wealth reserve the right to pass on, and you shall be liable to Canaccord Wealth for, any additional charges charged to them by third parties in relation to such overdue amounts. All payments due to us by you must be made in immediately available funds to the account we designate without any set-off, counterclaim or deduction. If you make any deduction or withholding you shall pay such additional amount as shall ensure we receive the full amount due without the deduction or withholding.
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Payments due to us. In the event of your failure to make any payment or to deliver any securities due to us, we reserve the right to retain any funds due (including monies held on your account) to you and to offset the liability against those funds. If you have not paid any amount owing on the same business day as the due settlement date we also reserve the right to sell any securities in our possession and to use the proceeds against your liability to us. In the event of your failure to make any payment due to us by the due settlement date we further reserve the right to charge interest on the overdue amount at the rate of 4% above our primary bankers’ base rate equivalent then ruling for sterling and 4% over cost of funds for foreign currencies. CGWIL reserve the right to pass on, and you shall be liable to CGWIL for, any additional charges charged to them by third parties in relation to such overdue amounts. All payments due to us by you must be made in immediately available funds to the account we designate without any set- off, counterclaim or deduction. If you make any deduction or withholding you shall pay such additional amount as shall T&A0011 | Terms of business | For Canaccord Genuity Wealth (International) Limited | June 2023 6 ensure we receive the full amount due without the deduction or withholding.
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Related to Payments due to us

  • Payments Due ‌ (1) The franchise fee shall be due on a monthly basis at the end of each month and shall be paid by the Concessioner in such a manner that the Director shall receive payment within fifteen (15) days after the last day of each month that the Concessioner operates. This monthly payment shall include the franchise fee equal to the specified percentage of gross receipts for the preceding month. (2) The Concessioner shall pay any additional fee amounts due at the end of the operating year as a result of adjustments at the time of submission of the Concessioner's Annual Financial Report. Overpayments shall be offset against the following year's fees. In the event of termination or expiration of this Contract, overpayments will first be offset against any amounts due and owing the Government and the remainder will be paid to the Concessioner. (3) All franchise fee payments shall be deposited electronically by the Concessioner in accordance with Applicable Laws.

  • Payments Due on Non-Business Days Anything in this Agreement or the Notes to the contrary notwithstanding, any payment of principal of or Make-Whole Amount or interest on any Note that is due on a date other than a Business Day shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on such next succeeding Business Day.

  • Payments Due on Non-Business Day If the date fixed for any payment on any Trust Security shall be a day that is not a Business Day, then such payment need not be made on such date but may be made on the next succeeding day that is a Business Day (except as otherwise provided in Sections 4.1(a) and 4.2(d)), with the same force and effect as though made on the date fixed for such payment, and no interest shall accrue thereon for the period after such date.

  • Payment of Amounts Due (a) In case an Event of Default described in clause (a) of Section 2.01 shall have happened and be continuing, then, upon demand of Beneficiary, Grantor will pay to Beneficiary the whole amount which then shall have become due and payable on the Note, for principal or interest or both, as the case may be, and after the happening of said Event of Default will also pay to Beneficiary interest at the Default Rate on the then unpaid principal of the Note, and the sums required to be paid by Grantor pursuant to any provision hereof, and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including reasonable compensation to Trustee and Beneficiary, their agents and counsel and any expenses incurred by Trustee or Beneficiary hereunder. In the event Grantor shall fail forthwith to pay all such amounts upon such demand, Beneficiary shall be entitled and empowered to institute such action or proceedings at law or in equity as may be advised by its counsel for the collection of the sums so due and unpaid, and may prosecute any such action or proceedings to judgment or final decree, and may enforce any such judgment or final decree against Grantor and collect, out of the property of Grantor wherever situated, as well as out of the Mortgaged Property, in any manner provided by law, moneys adjudged or decreed to be payable. (b) Beneficiary shall be entitled to recover judgment as aforesaid either before, after or during the pendency of any proceedings for the enforcement of the provisions hereof; and the right of Beneficiary to recover such judgment shall not be affected by any entry or sale hereunder, or by the exercise of any other right, power or remedy for the enforcement of the provisions hereof, or the foreclosure of the lien hereof; and in the event of a sale of the Mortgaged Property, and of the application of the proceeds of sale, as herein provided, to the payment of the debt hereby secured, Beneficiary shall be entitled to enforce payment of, and to receive all amounts then remaining due and unpaid upon, the Note, and to enforce payment of all other charges, payments and costs due hereunder or otherwise in respect of the Loan, and shall be entitled to recover judgment for any portion of the debt remaining unpaid, with interest at the Default Rate. In case of proceedings against Grantor in insolvency or bankruptcy or any proceedings for its reorganization or involving the liquidation of its assets, then Beneficiary shall be entitled to prove the whole amount of principal, interest and other sums due upon the Note to the full amount thereof, and all other payments, charges and costs due hereunder or otherwise in respect of the Loan, without deducting therefrom any proceeds obtained from the sale of the whole or any part of the Mortgaged Property, provided, however, that in no case shall Beneficiary receive, from the aggregate amount of the proceeds of the sale of the Mortgaged Property and the distribution from the estate of Grantor, a greater amount than such principal and interest and such other payments, charges and costs. (c) No recovery of any judgment by Beneficiary and no levy of an execution under any judgment upon the Mortgaged Property or upon any other property of Grantor shall affect in any manner or to any extent, the lien hereof upon the Mortgaged Property or any part thereof, or any liens, rights, powers or remedies of Trustee or Beneficiary hereunder, but such liens, rights, powers and remedies of Trustee or Beneficiary shall continue unimpaired as before. (d) Any moneys thus collected by Beneficiary under this Section 2.03 shall be applied by Beneficiary in accordance with the provisions of clause (d) of Section 2.02.