PRESENTATION FOR PAYMENT Clause Samples

The "Presentation for Payment" clause defines the process and requirements for submitting documents or demands to receive payment under a contract, such as a letter of credit or a financial instrument. Typically, it outlines the specific documents that must be provided, the timeframe within which they must be presented, and the location or method for submission. For example, a beneficiary may need to present an invoice and shipping documents to a bank within a set number of days after shipment. This clause ensures that payment is only made when the agreed-upon conditions are met, thereby protecting both parties by providing a clear, standardized process for requesting and verifying payment.
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PRESENTATION FOR PAYMENT. 6.1 You shall not process a transaction that did not result from a transaction between You and the Cardholder and all such transactions shall take place only in the Republic of South Africa. 6.2 iKhokha will credit or debit Your nominated bank account with the total nett amount of valid Electronic Transactions presented for payment, on condition that Delayed Settlement and/or no settlement (as determined by iKhokha) will apply when there are outstanding compliance documents. 6.3 Any crediting of Your nominated bank account does not waive or remove iKhokha's right to cancel payment of Electronic Transactions by debiting Your nominated bank account with the amount of the relevant invalid Electronic Transaction.
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PRESENTATION FOR PAYMENT. Custodian shall present for payment all coupons and other income items held by Custodian which call for payment upon presentation, all maturing Securities and those called for redemption, and deposit cash received upon such payments in the applicable Cash Account; provided, however, that in the case of Securities which are called for redemption or otherwise become payable prior to their stated maturity, Custodian shall be considered to have acted timely hereunder if Custodian presents the same for payment promptly upon obtaining actual knowledge thereof or when Custodian, in the exercise of the standard of care described by Section 8.1, should have obtained knowledge thereof.
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PRESENTATION FOR PAYMENT. 6.1 You shall not process a transaction that did not result from a transaction between You and the Cardholder and all such transactions shall take place only in the Republic of South Africa. 6.2 iKhokha will credit or debit Your nominated bank account with the total nett amount of valid Electronic Transactions presented for payment, on condition
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Related to PRESENTATION FOR PAYMENT

  • Application for Payment The form acceptable to Owner that is to be used by the Contractor during the course of the Work in requesting payment from the Owner and that is to be accompanied by such supporting documentation as is required by the Contract Documents.

  • Request for Payment A. Not more than once every thirty days the Consultant shall send electronically to ▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇ its request for payment of Exhibit A Work, accompanied by evidence satisfactory to the City justifying the request for payment, including a report of Work accomplished and tasks completed, and an itemization of Eligible Expenses with copies of receipts and invoices.

  • Time for Payment Interconnection Customer must provide the additional Security, in a form and with terms as required by Section 212.4, within 15 days after its receipt of Transmission Provider’s notice under this section. The requirement for additional Security under this section shall be treated as a milestone included in the Interconnection Service Agreement pursuant to Section 212.5.

  • Release for Payment Upon receipt by the Collateral Custodian of the Servicer’s request for release of documents and receipt in the form annexed hereto as Exhibit M (which certification shall include a statement to the effect that all amounts received in connection with such payment or repurchase have been credited to the Collection Account as provided in this Agreement), the Collateral Custodian shall promptly release the related Required Loan Documents to the Servicer.

  • Basis for Payment DFPS is not obligated to pay unauthorized costs or to pay more than Grantee’s allowable and incurred costs consistent with 45 Code of Federal Regulations (CFR) 75, Subpart E (Cost Principles). Grantee is responsible for submitting invoices in an accurate and timely manner for each service period and for notifying DFPS of a need to expedite payment. DFPS will make reasonable efforts to process all bills received in an accurate and timely manner but does not warrant immediate payment.