Payments Made Clause Samples
The "Payments Made" clause defines the terms under which payments are considered fulfilled between parties in a contract. Typically, it specifies when a payment is deemed to have been made—such as upon receipt by the payee, upon dispatch by the payer, or when funds clear in the recipient's account. For example, it may clarify whether electronic transfers, checks, or other payment methods are acceptable and when those payments are officially recognized. This clause ensures both parties have a clear understanding of when financial obligations are met, reducing disputes over payment timing and providing certainty in the transaction process.
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Payments Made. As of the Cutoff Date, at least one monthly payment shall have been made in respect of each Receivable by the related Obligor in accordance with the terms of the related Contract.
Payments Made. As of the Cutoff Date, at least one monthly payment shall have been made in respect of each EFLLC Receivable by the related Obligor in accordance with the terms of the related Contract.
Payments Made. The Seller has timely received from Licensee the full amount of the payments due and payable under the License Agreement, to the extent such amounts have come due.
Payments Made. The Seller has made all payments to the respective counterparty required under each Existing In-License as of the date hereof.
Payments Made. As of the Closing Date, Seller has received from each Counterparty (or its predecessor in interest), as applicable, the full amount of all Royalty Payments required to be made pursuant to the applicable Depomed Agreements. None of the Royalty Payments listed in the Royalty Reports were received by the Seller from the applicable Counterparty (or its predecessor in interest) more than ten (10) calendar days after the due date therefor.
Payments Made. All fees and/or additional payments shall be payable to Licensor at: City of Milpitas, Accounts Payable, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇., ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇; or to such other persons or at such other places as Licensor may designate in writing. All payments shall be in lawful money of the United States of America.
Payments Made. To the Knowledge of Cibus, Cibus or its Affiliates have made all payments to the respective counterparty required under each Partner Agreement as of the date hereof.
Payments Made. All fees and/or additional payments shall be payable to Licensor at the address provided in Paragraph 19 of this Agreement for Licensor; or to such other persons or at such other places as Licensor may designate in writing. All payments shall be in lawful money of the United States of America.
Payments Made. To the Knowledge of Cibus, Cibus (or its Affiliate(s)) has made all payments to the respective counterparty required under each Existing In‑License as of the date hereof.
Payments Made. The Seller has made all payments to the respective counterparty required under each Manufacturing Agreement as of the date hereof, except where such failure to pay would or would reasonably be expected to materially impact Purchaser’s right to receive Scheduled Quarterly Amounts.