Presentation and Payment Sample Clauses

The Presentation and Payment clause defines the procedures and requirements for submitting documents and receiving payment under a contract, often in the context of commercial transactions or letters of credit. It typically outlines what documents must be presented, the timeframe for submission, and the conditions under which payment will be made, such as upon verification of compliance with contractual terms. This clause ensures that both parties understand the steps necessary for payment to be triggered, thereby reducing disputes and providing a clear framework for the exchange of goods, services, or funds.
Presentation and Payment. Unless otherwise agreed to in writing by the Parties: (a) Seller shall submit an invoice to Buyer for the Monthly Capacity Payment no later than twenty-five (25) days after the end of each calendar month during the Term; (b) the invoice shall identify each input on the bill which is based upon an estimate, in whole or in part; (c) invoices shall be delivered to Buyer by email, facsimile or by other means pursuant to Section 19.2; (d) all such invoices shall be due and payable in immediately available funds via wire transfer no later than fifteen (15) days after the date on which such invoice is delivered (such date, the “Due Date”); and (e) any amounts not paid by the Due Date shall be deemed delinquent and shall accrue interest from the Due Date to the date of payment at a per annum rate of interest equal to the sum of (x) the prime lending rate as may from time to time be published in The Wall Street Journal under “Money Rates” as the same may change from to time (or if not published on such day on the most recent preceding day on which published), or any other periodical that may be agreed upon in writing from time to time and (y) two (2) percentage points (such sum, the “Interest Rate”).
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Presentation and Payment. Unless otherwise agreed to in writing by the Parties: (a) Seller shall submit an invoice to Buyer for the Monthly Contract Products Charge no later than twenty-five (25) days after the end of each calendar month during the Term; (b) the invoice shall identify each input on the bill which is based upon an estimate, in whole or in part;
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Presentation and Payment. Unless otherwise agreed to in writing by the Parties: (a) Seller shall submit an invoice to Buyer for the Monthly Contract Products Charge as soon as practicable after the end of each calendar month during the Term of Service; (b) the invoice shall identify each input on the bill which is based upon an estimate, in whole or in part; (c) invoices shall be delivered to Buyer by facsimile, by electronic means, including, but not limited to E- mails sent with a return receipt request (the Party receiving a return receipt request shall confirm receipt), or by express mail, pursuant to Article 19.2, followed up by an original invoice delivered by regular mail if so requested by Buyer; (d) all such invoices shall be due and payable in immediately available funds via wire transfer no later than the Due Date, defined as fifteen
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Related to Presentation and Payment

  • Consideration and Payment The purchase price for the sale of the Purchased Assets sold to the Purchaser on the Closing Date shall equal the estimated fair market value of the Purchased Assets. Such purchase price shall be paid in cash to Santander Consumer in an amount agreed to between Santander Consumer and the Purchaser, and, to the extent not paid in cash by the Purchaser, shall be paid by a capital contribution by Santander Consumer of an undivided interest in such Purchased Assets that increases its equity interest in the Purchaser in an amount equal to the excess of the estimated fair market value of the Purchased Assets over the amount of cash paid by the Purchaser to Santander Consumer.

  • Collection and Payment The Trustees shall have power to collect all property due to the Trust; to pay all claims, including taxes, against the Trust Property or the Trust, the Trustees or any officer, employee or agent of the Trust; to prosecute, defend, compromise or abandon any claims relating to the Trust Property or the Trust, or the Trustees or any officer, employee or agent of the Trust; to foreclose any security interest securing any obligations, by virtue of which any property is owed to the Trust; and to enter into releases, agreements and other instruments. Except to the extent required for a corporation formed under the Delaware General Corporation Law, the Shareholders shall have no power to vote as to whether or not a court action, legal proceeding or claim should or should not be brought or maintained derivatively or as a class action on behalf of the Trust or the Shareholders.

  • Termination and Payment Upon any termination or expiration of this Agreement, Client shall pay all unpaid and outstanding fees through the effective date of termination or expiration of this Agreement. And upon such termination, Consultant shall provide and deliver to Client any and all outstanding services due through the effective date of this Agreement.

  • Calculation and Payment Interest on LIBOR Loans and all other Obligations and the amount of any fees set forth in Subsection 1.4 shall be calculated on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. Interest on the Base Rate Loans shall be calculated on the basis of a three hundred sixty-five or -six (365-6) day year for the actual number of days elapsed. The date of funding or conversion to a Base Rate Loan and the first day of an Interest Period with respect to a LIBOR Loan shall be included in the calculation of interest. The date of payment of any Loan and the last day of an Interest Period with respect to a LIBOR Loan shall be excluded from the calculation of interest; provided, if a Loan is repaid on the same day that it is made, one (1) day’s interest shall be charged. Interest accruing on the Base Rate Loan is payable in arrears on each of the following dates or events: (i) the last day of each calendar quarter; (ii) the prepayment of such Loan (or portion thereof); and (iii) the applicable Maturity Date or the Revolving Loan Expiration Date, as the case may be, whether by acceleration or otherwise. Interest accruing on each LIBOR Loan is payable in arrears on each of the following dates or events: (i) the last day of each applicable Interest Period; (ii) if the Interest Period is longer than three (3) months, on each three-month anniversary of the commencement date of such Interest Period; (iii) the prepayment of such Loan (or portion thereof); and (iv) the applicable Maturity Date or the Revolving Loan Expiration Date, as the case may be, whether by acceleration or otherwise.

  • Computation and Payment Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required hereby.