Payments in advance Sample Clauses
The 'Payments in advance' clause requires that payment for goods or services be made before they are delivered or performed. In practice, this means the buyer must remit the agreed-upon amount to the seller prior to shipment of products or commencement of work, often as a condition for the contract to proceed. This clause primarily serves to protect the seller from the risk of non-payment by ensuring funds are received upfront, thereby allocating financial risk to the buyer and providing certainty of payment before obligations are fulfilled.
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Payments in advance. The Customer is obliged to effect the advance payment as contractually provided, unless otherwise agreed in writing, exclusively by bank transfer to the Italian bank account under the name of Gruppo DP and communicated by the latter in writing in the order confirmation. - Should the terms of payment agreed for each single supply establish payment in advance for the latter in a lump sum upon placing the order and the Customer fail to effect the payment within the agreed terms – or in any case should the latter not provide for payment by and not exceeding thirty days from the request/order confirmation – then Gruppo DP will be entitled to immediately cancel the contract, save for the right of Gruppo DP to lay claim to the Customer to pay for any damages suffered and expenditures borne. - Should the terms of payment agreed for each single supply establish advance payment of the latter in a lump sum upon placing the order and the Customer fail to totally effect payment by the agreed terms but pay a lower sum, – or in any case should the latter fail to provide total payment by and not exceeding thirty days from the request/order confirmation – then Gruppo DP will be entitled to immediately cancel the contract withholding a sum equal to ten percent of the total value of the supply by way of a penalty, save for the right of Gruppo DP to be paid for any further damage suffered and for expenditures borne. - Should the terms of payment agreed for each single supply establish advance payment of the latter in a lump sum before dispatching the goods ready (or, after dispatch, establish advance payment before consigning the documents pertinent to the goods to the Customer), and the Customer fail to effect total payment within the agreed terms or pay a lower sum – or in any case fail to pay the total due by and not exceeding fifteen days from request – then Gruppo DP will be entitled to immediately cancel the contract withholding a sum equalling twenty percent of the total value of the supply by way of a penalty, save for the right of Gruppo DP to be paid for any further damage suffered and for expenditures borne. - Should the terms of payment agreed for each single supply establish advance payment of the latter in a lump sum upon ordering and the balance by payment in advance before dispatch (or, after dispatch, advance payment of the balance before consigning the documents pertinent to the goods to the Customer), it is understood that should the Customer fail to prompt...
Payments in advance. (a) Bulk Oil Cargo Fees and Capital Asset/Loan Fees shall be payable by Operator in respect of each Member Oil Handling Facility in advance in four (4) equal quarterly instalments (each an “Advance Quarterly Payments”) in those cases where the aggregate volumes of Bulk Oil Cargo Handled at Operator’s Member Oil Handling Facilities in the preceding calendar year exceed the Threshold, except where there has been a significant change affecting Operator’s business which in WCMRC’s view is likely to reduce to below Threshold levels the volumes of Bulk Oil Cargo Handled at Operator’s Member Oil Handling Facilities in the subsequent year.
(b) Notwithstanding the provisions of Section 4.1(a), where volumes are not available for the preceding calendar year but the aggregate volumes of Bulk Oil Cargo forecast to be Handled at Operator’s Member Oil Handling Facilities for the forthcoming year exceed the Threshold, Operator shall be required to make Advance Quarterly Payments and comply with the provisions of Section 4.1(a) in all respects as though such volumes were available.
(c) The following provisions of this Article shall apply to Operator for each year in which the aggregate volumes of Bulk Oil Cargo Handled at Operator’s Member Oil Handling Facilities in a preceding calendar year exceed the Threshold.
Payments in advance. (a) Bulk Oil Cargo Fees and Capital Asset/Loan Fees shall be payable by Operator in respect of each Member Oil Handling Facility in advance in four (4) equal quarterly instalments (each an “Advance Quarterly Payments”) in those cases where the aggregate volumes of Bulk Oil Cargo Handled at Operator’s Member Oil Handling Facilities in the preceding calendar year exceed the Threshold, except where there has been a significant change affecting Operator’s business which in WCMRC’s view is likely to reduce to below Threshold levels the volumes of Bulk Oil Cargo Handled at Operator’s Member Oil Handling Facilities in the subsequent year.
Payments in advance. (a) Bulk Oil Cargo Fees and Capital Asset/Loan Fees shall be payable by Operator in respect of each Member Oil Handling Facility in advance in four (4) equal quarterly instalments (the “Advance Quarterly Payments”) in those cases where the aggregate volumes of Bulk Oil Cargo unloaded or (in the case of Bulk Oil Cargo intended for international destinations) loaded at Operator’s Member Oil Handling Facilities in the preceding calendar year exceed the Threshold, except where there has been a significant change affecting Operator’s business which in Western Canada Marine Response’s view is likely to reduce to below Threshold levels the volumes of Bulk Oil Cargo unloaded or (in the case of Bulk Oil Cargo intended for international destinations) loaded at Operator’s Member Oil Handling Facilities in the subsequent year.
Payments in advance. 10.2.1 The Service Provider may request a Payment prior to commencement of the Services. Such amount shall constitute an integral part of the total charges as per this Agreement and shall be reconciled after the Services are completed as per actual cost of the Services, calculated based on principles stated in Article 10.1. The Parties shall agree about the time frames of such advance Payments, if any.
Payments in advance. 11.2.1 The Service Provider may request a Payment prior to commencement of the Maintenance Services. Such amount shall constitute an integral part of the total charges as per this Agreement and shall be reconciled after the Maintenance Services are completed as per actual cost of the Maintenance Services, calculated based on principles stated in Article 11.1. The Parties shall agree about the time frames of such advance Payments in the Section 32 of Annex 2 – Engine Maintenance Agreement, if any.
Payments in advance. (a) Bulk Oil Cargo Fees shall be payable by Operator in respect of each Member Oil Handling Facility in advance in four (4) equal quarterly installments (the "Advance Quarterly Payments") in those cases where the aggregate volumes of Bulk Oil Cargo unloaded or (in the case of Bulk Oil Cargo intended for international destinations and destinations north of the 600N latitude) loaded at Operator's Member Oil Handling Facilities in the preceding calendar year exceed the Threshold, except where there has been a significant change affecting Operator's business which in ECRC's view is likely to reduce to below Threshold levels the volumes of Bulk Oil Cargo unloaded or (in the case of Bulk Oil Cargo intended for international destinations and destinations north of the 600N latitude) loaded at Operator's Member Oil Handling Facilities in the subsequent year.
(b) Notwithstanding the provisions of Section 5.1(a), where volumes are not available for the preceding calendar year but the aggregate volumes of Bulk Oil Cargo forecast to be unloaded or (in the case of Bulk Oil Cargo intended for international destinations and destinations north of the 600N latitude) loaded at Operator's Member Oil Handling Facilities for the forthcoming year exceed the Threshold, Operator shall be required to make Advance Quarterly Payments and comply with the provisions of Section 5.1(a) in all respects as though such volumes were available.
(c) The following provisions of this Article shall apply to Operator for each year in which the aggregate volumes of Bulk Oil Cargo unloaded or (in the case of Bulk Oil Cargo intended for international destinations and destinations north of the 600N latitude) loaded at Operator's Member Oil Handling Facilities in a preceding calendar year exceed the Threshold.
Payments in advance. Notwithstanding any other provision of the relevant Statement of Work, upon termination under Clause 15.5.5, the Supplier shall (without prejudice to the Contracting Company’s rights under Clause 15.5.5 above), forthwith refund to the Contracting Company all monies previously paid to the Supplier for the Services and Deliverables under such Statement of Work which payments shall be deemed to be payments in advance unless otherwise agreed by the Supplier and the Contracting Company.
Payments in advance. 10.1.1 Without prejudice to NHI’s liability under the indemnity in respect of Occupancy Costs under Clause 6.5, NHI shall pay to the relevant Seller or relevant Insolvency Officers (as the case may be) the apportioned value of all periodic expense payments made by a Seller or Insolvency Officer or other Group Company (as the case may be) in connection with the relevant Sale Assets and for the direct or indirect benefit of a Purchaser in respect of any period after Japan Completion or General Completion (as the case may be). Such periodic expense payments shall be deemed to accrue equally from day to day and shall be apportioned as at Japan Completion or General Completion (as the case may be). The apportionment shall be agreed between the Insolvency Officers, the Sellers and NHI within two months of Japan Completion or General Completion (as the case may be).
10.1.2 For the avoidance of doubt, the payments referred to in Clause 10.1.1 shall include payments for services contracted for or otherwise provided in connection with the relevant General Leasehold Premises or Japan Leasehold Premises (as the case may be) (in respect of any period after Japan Completion or General Completion (as the case may be)).
Payments in advance. Expenses incurred in defending a civil or criminal action, suit, or proceeding may be paid by the Corporation in advance of the final disposition of such action, suit, or proceeding as authorized by the Corporation Board as provided in Section 7.2 of this Article VII upon receipt of an undertaking by or on behalf of the Director, officer, employee, agent, or person serving at the Corporation’s request to repay such amount if and when it should ultimately be determined that said person is not entitled to be indemnified by the Corporation as authorized in this Article VII.