Sales and Payment Clause Samples

The Sales and Payment clause outlines the terms governing the sale of goods or services and the corresponding payment obligations between parties. It typically specifies the pricing, invoicing procedures, payment methods, and deadlines for payment, and may address issues such as late fees or interest on overdue amounts. By clearly defining how and when payments are to be made, this clause helps prevent disputes over financial transactions and ensures both parties understand their financial responsibilities.
Sales and Payment. Subject to the terms and conditions contained herein, the company hereby agrees to sell to the Dealer, and Dealer hereby agrees to purchase, Products of the Company according to its published dealer price list in effect at the time the Company accepts an order. Payment shall include freight, transportation, and insurance charges, FOB, Dealer's address. (A) Unless other arrangements satisfactory to the Company have been made, fifty-percent (50%) of the total amount of the order shall be payable with the order, and the balance of fifty-percent (50%) due on delivery. All amounts are payable exclusively in US dollars. (B) Dealer shall pay, in addition to all amounts specified herein and on any invoice rendered by the Company for the purchase of its Products and the license of Licensed Programs, all governmental taxes and assessments (exclusive of taxes and assessments based on the Company's net income) including but not limited to sales, use, and property taxes (as well as interest and penalties thereon, if any) levied or based upon: (1) any Products or Licensed Programs sold, leased, or used hereunder; and (2) any parts or services, if any, that may be supplied hereunder. (C) All purchase orders issued hereunder are subject to written acceptance by the Company, who reserves the right to request prepayment in full prior to acceptance of Dealer's purchase order.
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Sales and Payment. (i) During the period in which PMC's rights to co-promote are exclusive (but for Aphton), PMC shall process the sales of the Product by PMC and Aphton on its Internal Accounts. (ii) PMC (subject to the approval of the Steering Committee) shall prepare a quarterly profitability report (the "Profitability Report"), setting forth the amount of actual Net Sales and Net Profit, and the actual amount of any Supplemental Royalty due to Aphton for such quarter, and estimated Net Sales, Net Profit and Supplemental Royalty due to Aphton for the quarter next commencing after preparation of the report. Each party shall be entitled to receive out of Net Sales all of its allowed Product Costs and Expenses (to the extent included in the P/L Account), following payment of the Base Royalty to Aphton. The parties agree that the Operating Plan will provide that in the event that Net Sales in any quarter are not sufficient to reimburse both parties their respective Product Costs and Expenses that the reimbursements will be made in a manner which will ensure the long-term efficient operation under this Agreement and reflect the cash flow needs of the parties, and that Product Costs and Expenses which are not reimbursed in any such quarter will be carried forward to subsequent quarters and fully reimbursed prior to any payments in respect of Net Profit. (iii) All payments due to Aphton hereunder shall be made on a monthly basis, based on projections of quarterly Net Sales, Product Costs and Expenses and Net Profits. At the end of each calendar quarter, any overpayment or underpayment (as determined by actual Net Sales, Product Costs and Expenses and Net Profits in the applicable quarter) shall be deducted from or added to (as applicable) the next monthly payment.
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Sales and Payment. 1) In exchange for the License, the Company/Licensee will pay the Artist/Licensor a percentage of 35% (thirty-five percent) for every copy invoiced (excluding the returned products), to be calculated on the price established and cashed by the Company/Licensee from the official distributors: Egea Music, Naxos Digital. 2) In exchange for the digital sales of the Album, the Company/Licensee will pay the Artist/Licensor a percentage of 50% (fifty percent) of the digital PPD for each track or album sold by digital distributor Believe Digital. 3) Six months after the first marketing of the media, the Company/Licensee can sell the same in series at a discount price, without varying the above-mentioned percentages. 4) The Artist/Licensor will receive no payment for the promotional media distributed for free and those sent for free to the Artist as an advance on the royalties according to Art. 6, §6.
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Sales and Payment. If Party B sells to Party A, and Party A pays to Party B, Then Party A determines the selling price to the customer. If Party B sells directly to the customer and receives payment directly, Party B will receive a 10% commission.
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Sales and Payment. Payment of Sold Merchandise: a check for payment will be written and made available for pickup at the store on the 10th of each month following the month that the item(s) sold. Checks not picked up within a month can be mailed to consignor at consignor’s request. Out of state consignor’s checks are mailed automatically. • Consignor is always responsible to advise Encore of address change(s). Encore is not held responsible for lost checks or misdirected mail. Requests for replacement checks shall be honored, however standard bank fee of thirty dollars ($30.00) shall be assessed the consignor. ALL checks NOT cashed within ninety (90) days of issue will be voided. • ▇▇▇▇ your calendar! All consignments terminate at 90 days! It is important to monitor your inventory, we will not contact you at the end of the 90 days! • It is your option to pick up your expired inventory at the end of the 90-day term. Consignors should provide a minimum of 48 hours’ notice of intention to pick up expired inventory – this will allow Encore Home Furnishings sufficient time to gather, and pack returns. • ALL UNSOLD ITEMS NOT PICKED UP WITHIN 7 DAYS AFTER THE END OF THE CONSIGNMENT PERIOD WILL BECOME THE PROPERTY OF ENCORE HOME FURNISHINGS, INC. TO DISPOSE OF AS THEY SEE FIT. • At the consignor’s request, Encore will make available a tax deduction form for any item(s) donated to charity including items valued less than fifty dollars ($50.00). Receipt will be available at store for pickup only. For item(s) that the consignor wishes to pick up, they are responsible for locating their item(s) within the store, picking them up and/or scheduling delivery within seven (7) days. • If items are found unsaleable, Encore reserves the right to return item(s) to consignor. Consignor is responsible for picking up unsaleable item(s) within 48 hours of notice or item(s) will be donated.
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Sales and Payment. The Client acknowledges that Company shall be entitled to sell the Products with margins as set forth on the Schedule annexed hereto (the “Company’s Margin”) for the Territory and Class of Trade specified. Company shall pay client Net 60 days from receipt of goods subject to deduction for goods received damaged, defective, or short-dated.
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Sales and Payment. The Contractor will conduct all sales to customers and payment to the Company in accordance with the policies and procedures in the Online Consultant Guide.
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Sales and Payment 
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Related to Sales and Payment

  • Rates and Payment You agree to pay the residence fees which are outlined in Appendix IV and Residence Meal Plan fees (if applicable) which are outlined in Appendix IV. You may either pay the entire amount due or pay the residence fees and Residence Meal Plan fees in instalments, in the amounts and on the dates outlined in Appendix IV. If you choose to, or are required to, change your accommodation you will be required to pay the fees stipulated for the new accommodation, including the Residence Meal Plan, if applicable. • Failure to pay the first instalment of residence fees by or on the date it is due will lead to forfeiture of your accommodation assignment. Charges for residence fees and residence meal plan fees will continue until you complete the contract termination and check-out process in section 1.14. See Section 4.0 of this Contract for Residence Meal Plan information. Please note that the following terms apply to all fees and payments required by Student Housing and Hospitality Services (i.e. residence fees, Residence Meal Plan, activities/programs, assessments, et cetera): • Post-dated cheques will not be accepted. • A $35 service charge will be levied on all cheques returned by your financial institution for any reason. • You will pay all fees that may be imposed by the University from time to time in respect of failed electronic financial transactions, including, without limitation, electronic funds transfers and Interac transactions where, after initial processing, the transaction is cancelled or voided due to insufficient funds. • Late payments may not be accepted. If a late payment is accepted, it will be subject to a late payment fees as follows: » first late payment - $25 » second late payment - $35 » third late payment - $50 » fourth and any subsequent late payments - $75

  • Sale and Payment Under this agreement, the following provisions shall apply with respect to the sale of and payment for Series shares: (a) The Distributor shall have the right, as principal, to purchase Series shares from the Trust at their net asset value and to sell such shares to the public against orders therefor at the applicable public offering price, as defined in Section 4 hereof. The Distributor shall also have the right, as principal, to sell shares to dealers against orders therefor at the public offering price less a concession determined by the Distributor. (b) Prior to the time of delivery of any shares by the Trust to, or on the order of, the Distributor, the Distributor shall pay or cause to be paid to the Trust or to its order an amount in Boston or New York clearing house funds equal to the applicable net asset value of such shares. The Distributor shall retain so much of any sales charge or underwriting discount as is not allowed by it as a concession to dealers.

  • Notice and Payment A. Any notice required to be given under this Agreement shall be in writing and delivered personally to the other designated party at the above stated address or mailed by certified, registered or Express mail, return receipt requested or by Federal Express. B. Either party may change the address to which notice or payment is to be sent by written notice to the other under any provision of this paragraph.

  • Services and Payment Consultant agrees to undertake and complete the Services (as defined in Exhibit A) in accordance with and on the schedule specified in Exhibit A. As the only consideration due Consultant regarding the subject matter of this Agreement, Company will pay Consultant in accordance with Exhibit A.

  • INVOICE AND PAYMENT A. Grantee will request payment using the State of Texas Purchase Voucher (Form B-13) on a monthly basis and acceptable supporting documentation for reimbursement of the required services/deliverables. Additionally, the Grantee will submit the Financial Status Report (FSR-269A) and the Match Certification Form (B-13A). Vouchers, supporting documentation, Financial Status Reports, and Match Certification Forms should be mailed or emailed to the addresses below. Department of State Health Services Claims Processing Unit, MC 1940 ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ P.O. Box 149347 Austin, TX ▇▇▇▇▇-▇▇▇▇ FAX: (▇▇▇) ▇▇▇-▇▇▇▇ EMAIL: ▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇▇.▇▇▇, ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇▇.▇▇▇ & ▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇▇.▇▇▇ B-13, B-13A, and supporting documentation should be sent to: ▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇▇.▇▇▇, ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇▇.▇▇▇ & ▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇▇.▇▇▇ FSRs should be sent to: ▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇▇.▇▇▇, ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇▇.▇▇▇, ▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇▇.▇▇▇ & ▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇▇.▇▇▇ B. Grantee will be paid on a monthly basis and in accordance with Attachment B, Budget. C. System Agency reserves the right, where allowed by legal authority, to redirect funds in the event of financial shortfalls. System Agency will monitor ▇▇▇▇▇▇▇’s expenditures on a quarterly basis. If expenditures are below that projected in Grantee’s total Contract amount, ▇▇▇▇▇▇▇’s budget may be subject to a decrease for the remainder of the Term of the Contract. Vacant positions existing after ninety days may result in a decrease in funds. ▇. ▇▇▇▇▇▇▇ may request a one-time working capital advance not to exceed 12% of the total amount of the Contract funded by System Agency. All advances must be expended by the end of the Contract term. Advances not expended by the end of the Contract term must be refunded to System Agency. ▇. ▇▇▇▇▇▇▇ will repay all or part of advance funds at any time during the Contract’s term. However, if the advance has not been repaid prior to the last three months of the Contract term, the Grantee must deduct at least one-third of the remaining advance from each of the last three months’ reimbursement requests. If the advance is not repaid prior to the last three months of the Contract term, System Agency will reduce the reimbursement request by one- third of the remaining balance of the advance.