PROCEDURE OF PAYMENTS Sample Clauses

The "Procedure of Payments" clause defines the specific steps and requirements for making payments under an agreement. It typically outlines when payments are due, acceptable methods of payment, and any necessary documentation or conditions that must be met before payment is processed. For example, it may require invoices to be submitted by a certain date or specify that payments are to be made via bank transfer. This clause ensures both parties have a clear understanding of the payment process, reducing the risk of disputes or delays related to financial transactions.
PROCEDURE OF PAYMENTS. 3.1. WEB reservation fee EUR 300 (or a special sum) per person is a deposit on booking for Private Combined Tours. EUR 300 (or a special sum) per person represents a non-refundable fee in case of cancellation (See Appendix 1, Paragraph 7 “Conditions of Cancellation). Deposit is due to be balanced (subtracted) from the total cost of a purchased product/s. 3.2. In case of last-minute Private Combined Tours booking is made less than 14 days prior to the beginning of the tour, full payment of a Tourist Product is required after reception of the Invoice. This does not apply to Non-cash payment by MasterCard/Visa card (see point 3. 3.3. The following forms of payment might be applied within the frames of the given Agreement: a) Non-cash transfer to the bank account of Tour Operator in USD/EUR/GBP. b) Non-cash payment by MasterCard/Visa card in Georgian Lari only (GEL). c) Cash payment – GEL only, directly to the nearest TBC Bank office or TBC Bank Cash terminal no later than beginning of the tour. 3.4. After acknowledgement of booking of a tourist product (products) ordered by a Tourist, Tour Operator provides Invoice (which at the same time represents a confirmation of order and a subject of balance payment by the tourist. The latter should pay 100% of total cost of the product as a confirmation of purchased product. 3.5. Balance payment by Bank wire transfer in USD/EUR/GBP 3.5.1. The balance payment must be conducted any convenient time for the tourist no later than 14 (fourteen) calendar days prior to the travel date, unless a specific payment deadline has been confirmed with Tour Operator. 3.5.2. After the payment the Tour Operator possesses the right to issue tourist documents (Travel Voucher, final itinerary, contact information, etc.) to the Tourist. 3.5.3. In case of failure to carry out conditions described in Procedure of Payments (section 3) by Tourist might serve as the basis for full annulment of tour by Tour operator, with deduction (collecting) corresponding penalties according to the Conditions of Cancellation (Appendix 1, Paragraph 7). 3.6. Balance Payment by card – Visa/MasterCard: 3.6.1. Card payment option is available on travel date in GEL (Georgian Lari) in Tbilisi only. 3.6.2. Card payment cause additional card service fee + 3%. 3.6.3. Tour Operator is not responsible and will not refund any extra charges due to currency conversion rates which might be experienced by the Tourist while card payment on their accounts. These charges are out o...
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PROCEDURE OF PAYMENTS. All payments related to loan contract and other loan documents shall be made in full in accordance with the procedure provided for in the User Terms, with the borrower not being entitled to set off any amounts owing by it or make any other deductions or withholdings from such amounts.
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PROCEDURE OF PAYMENTS. 3.1. WEB reservation fee EUR 15 (or a special sum) per person is a deposit on booking for Private Full Day Tours.
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PROCEDURE OF PAYMENTS signing of Acts, consideration of disputes, claims 4.1 The Executor is a single taxpayer (single tax in the amount specified in the current legislation of Ukraine). 4.2 Payment for the services under this Agreement shall be made in terms of a 100% (one hundred per cent) advance payment. Violation by the Customer of the conditions and terms of payment stipulated by this Agreement and Appendices to it gives the right to the Contractor not to start providing services under this Agreement or not to provide them to the Customer by notifying the letter by email.
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PROCEDURE OF PAYMENTS. 5.1. The Licensee shall pay the remuneration (hereinafter – the Licence Fee) to the Licensor in accordance with the following procedure and terms: 5.1.1. An initial lump sum fixed payment for obtaining the licence in the amount of EUR 5.1.2. Annual fixed payments for the maintenance of the licence in the amount of EUR (amount in words) (excluding VAT). The Licensee shall make the annual fixed payments within 1 (one) month after the expiry of each 12 (twelve) months period, starting from the day the Agreement takes effect. 5.1.3. Royalty payments in the amount of 5% (five percent) a year of the annual turnover of the sold Products by the Licensee for each year from the moment the Licence Agreement takes effect and until its expiry. The Licensee shall pay the royalty within 1 (one) month from the day of submitting the audited Financial Statement stipulated by Article 5.4. 5.1.4. All payments prescribed by the Agreement are taxable with value added tax. The Licensee shall pay the value added tax in accordance with the procedures and in the amount specified in regulatory enactments. 5.2. The Licensee shall make the Licence Fee stipulated by Article 5.1 in accordance with the invoice prepared by the Licensor, which the Licensor shall send electronically to the Licensee's e-mail address provided in Article 9.
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PROCEDURE OF PAYMENTS. 5.1. The Licensee shall pay the remuneration to the Licensor in accordance with the following procedure: 5.1.1. The Licensee shall pay EUR (amount in words) (hereinafter – the Licence Fee) excluding value added tax to the Licensor for using the Technology and the Prototype during the Agreement validity period. The Licensee shall pay the value added tax in accordance with the procedures and in the amount specified in regulatory enactments. 5.1.2. The Licensee shall pay the License Fee for half a year 2 (two) times a year in accordance with the invoice provided by the Licensor and sent to the Licensee in accordance with the procedure specified in the Agreement. 5.1.3. The Licensor shall send the invoice electronically to Licensee's e-mail address specified in Article 9.7
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PROCEDURE OF PAYMENTS. 4.1. Any claims under the Assigned Investment Agreement shall be repaid by the Third Party Borrower to the Loan Originator pursuant to the Assigned Investment Agreement. The Loan Originator shall not notify the Third Party Borrower of the assignment. The Third Party Borrower shall be notified of the assignment only if the Third Party Borrower is in default with its obligations under the Assigned Investment Contract. 4.2. Upon the receipt of the payments by the Third Party Borrower, the Loan Originator will transfer the funds to the Portal Operator for the (partial) repayment of the Claim to the Assignee within 5 working days. 4.3. Without unreasonable delay, the Portal Operator shall distribute all the funds received from the Loan Originator (less the applicable Fees) to the Assignees in proportion to their Claims by reflecting the relevant amount on the Assignees’ User’s Account. 4.4. The Loan Originator or the Portal Operator shall not be held liable for any delay of the Third Party Borrower repaying the amounts.
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PROCEDURE OF PAYMENTS. 5.1. The Licensee shall pay the remuneration (hereinafter – the Licence Fee) to the Licensor in accordance with the following procedure and terms: 5.1.1. An initial lump sum fixed payment for obtaining the licence in the amount of EUR 5.1.2. Annual fixed payments for the maintenance of the licence in the amount of EUR 5.1.3. All payments prescribed by the Agreement are taxable with value added tax. The Licensee shall pay the value added tax in accordance with the procedures and in the amount specified in regulatory enactments. 5.2. The Licensee shall make the Licence Fee stipulated by Article 5.1 in accordance with the invoice prepared by the Licensor, which the Licensor shall send electronically to the Licensee's e-mail address provided in Article 9.
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PROCEDURE OF PAYMENTS. VKC ir atbildīgs par Latvijas Republikas normatīvajos aktos noteikto nodokļu samaksu normatīvajos aktos noteiktajā kārtībā. 6.2. VKC pēc nodokļu aprēķināšanas un ieturēšanas, pārskaita Līguma 5
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Related to PROCEDURE OF PAYMENTS

  • Nature of Payments Any amounts due under this Section 10 are in the nature of severance payments considered to be reasonable by the Company and are not in the nature of a penalty.

  • Order of Payments Checks, drafts, transactions, and other items may not be processed in the order that you make them or in the order that we receive them. We may, at our discretion, pay a check, draft, or item, and execute other transactions on your account in any order we choose. The order in which we process checks, drafts, or items, and execute other transactions on your account may affect the total amount of overdraft fees that may be charged to your account. Please contact us if you have questions about how we pay checks or drafts and process transfers and withdrawals.

  • Time of Payments Any payment that is due on a day that is not a Business Day may be made on the next Business Day but will bear interest until received in full. All payments must be made in funds which are immediately available on the date on which payment is due.

  • Collection of Payments Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto by charging any deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

  • Coordination of Payments The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable or payable or reimbursable as Expenses hereunder if and to the extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.