Payments of the Clause Samples

The "Payments of the" clause defines the obligations and procedures related to the transfer of funds between parties under the agreement. Typically, this clause specifies when payments are due, the acceptable methods of payment, and any conditions or documentation required for payment processing. For example, it may outline that payments must be made within 30 days of receiving an invoice and detail acceptable currencies or bank account information. The core function of this clause is to ensure clarity and predictability in financial transactions, reducing the risk of disputes over payment timing or methods.
Payments of the. “Borrower” and the “Banks” 14.1 All payments of the “Borrower” and the “Banks” to the “Agent” under the “Contract Documents” are to be rendered to account number 2013535410, routing number 30010400, IBAN: DE 91300104002013535410, a general account of the “Borrower” to be established for this purpose with IKB Deutsche Industriebank AG, over which the “Borrower” has no authority to make dispositions.
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Payments of the. Sale Proceeds to Vendor shall be done by Company in the following manner: 3.6.1. The Company will release the payment to the Vendor after the Customer receives the Shipment and does not return the same within 7 days from the receipt of the shipment. 3.6.2. The Company releases the Payment after deducting the Shipping costs where the Company had already paid for the same.
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Payments of the. Escrow Amount shall be made to Parent in satisfaction of Indemnification Claims made by Parent, in the manner and to the extent authorized under Section 4 hereof.
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Payments of the. Debtors under the monetary claims assigned to the Financial Agent, received mistakenly directly by the Client, shall be transferred by the Client within 2 (Two) working days from the date of transfer of funds on the Client's account, as repayment of the respective monetary claim, executed by the Debtor, to the Financing Agent's account which payment details are specified in Paragraph 12.1 of this Agreement. If the monetary claim against the Debtor was not financed, the Client undertakes to transfer to the Financial Agent due remuneration (commission) for services actually rendered for administration of accounts receivable and within 3 (Three) working days from the date of receipt of payment send to the Financial Agent a written notice of no claims to the Debtor in respect of the payment under the mentioned monetary claim.
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Payments of the. Minimum Royalty and the Running Royalty shall be made to the account of Thomson Consumer Electronics Sales GmbH at Commerzbank AG, Hannover, Germany (S.W.I.F.T. Code ▇▇▇▇▇▇▇▇ ▇▇▇, Bank Code Germany 250 400 66) account No. 3000 700 01 (Reference: MPEG License) in US Dollars (Details of remittance: Commerzbank AG, New York Branch, Two World Financial Center, ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇, USA Phone +▇ ▇▇▇ ▇▇▇ ▇▇▇▇, Fax +▇ ▇▇▇ ▇▇▇ ▇▇▇▇, ABA 026 008 044: For further credit to Commerzbank Hannover Germany, (S.W.I.F.T. Code ▇▇▇▇▇▇▇▇ ▇▇▇; Bank Code Germany 250 400 66) account No. 3000 700 01) Minimum Royalty and Running Royalty shall not be deemed paid until actually received at such account and freely withdrawable by TCE to the same extent as cash.
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Related to Payments of the

  • ▇▇▇▇▇▇▇▇▇ Payments The Company shall pay Executive cash benefits equal to: (1) two times Executive's Base Salary in effect on the date of the Change of Control or the Termination Date, whichever is higher; provided that if any reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect immediately prior to such reduction, payable in regular installments at such times as would otherwise be the Company's usual payroll practice over a period of two years; and (2) the higher of: (A) two times Executive's Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times Executive's most recent actual annual bonus, payable in either case ratably in regular installments at the same time as payments are made to Executive under Section 3(a)(1) above; provided that if any reduction of the Target Bonus has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reduction; and (3) Executive's Target Bonus (as determined in (2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company in the Company fiscal year in which the Termination Date occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty days after the Termination Date; and (4) in the case of a termination of employment by Executive for Good Reason, an amount equal to the severance pay specified in Article 6.A. 1. of the attached Presidents' Council Agreement (as defined in Section 8 hereof), payable according to the schedule set forth therein, determined as if Executive's employment had been terminated by ARAMARK without Cause on the Termination Date.

  • Special Payments Any payroll adjustment due an employee in the bargaining unit as a result of working out of class, re-computation of hours, or other reasons other than procedural errors shall be made and a supplemental check issued not later than fifteen (15) working days following notice to the payroll department.

  • Payments of Interest Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law.

  • Payments From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date.

  • Payments and Interest Payments required of PURCHASER by this contract or modifications of this contract, other than those in Sections 13 and 42, shall be received by STATE within the time period stated on the instrument requesting payment from PURCHASER. Payments received after the due date stated on the billing instrument may be subject to an interest charge. The interest rate applied to overdue payments shall be the prime interest rate in effect on the day the payment became delinquent, as established by U.S. Bank, ▇▇▇▇ and ▇▇▇▇ Branch, plus 4 percent. Interest shall be calculated from the date of the original billing to the date payment is received by the State Forester.