Use Payment Sample Clauses

The Use Payment clause defines the terms under which payments are made for the use of certain goods, services, or intellectual property. Typically, it specifies the amount, timing, and method of payment required when one party utilizes resources or rights provided by another. For example, this clause might require a licensee to pay royalties for the use of patented technology or a tenant to pay rent for occupying a property. Its core practical function is to ensure that compensation for use is clearly established, thereby preventing disputes over payment obligations and supporting fair value exchange between parties.
Use Payment. Company agrees to pay (the "Use Payment") to BDEC on a monthly basis as compensation for BDEC's grant to Company of the right to use the Premises and common areas of the Buildings. The Use Payment for the Premises in Building P shall be twelve percent (12%), and for the Premises in Building T shall be thirty-six percent (36%) of the rent and all other costs and expenses incurred by BDEC pursuant to the Base Lease for each of the respective building. The Use Payment shall be paid in advance and shall be due and payable on the first day of each month during the Term.
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Use Payment. Single Member Season Pass: $1,500.00 Family Season Pass: $2,500.00 (up to 3 family members) Guest Pass: $40.00 per day (up to 4 guests per month) Private Track Time Rental: $450.00 for a 4-hour session $800.00 for an 8-hour session ** limited to 15 riders per Private Track Session
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Use Payment. OMGAA shall pay to Board an annual payment for the use of the Batting Cages and Equipment of Six Thousand and No/100 Dollars ($6,000.00) (“Use Payment”). The initial Use Payment shall be made on or before January 1, 2023, with subsequent Use Payment being made on or before January 1 of each successive year during the Term. The Use Payment shall not be reduced or prorated as a result of Availability, except as provided for in Section 9 below.
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Use Payment. As consideration for its right to use the Fillauer Use Area, Fillauer shall pay to Iomed $5,600.00 per month ("Use Fee"). The Use Fee shall be paid in advance on the first day of each and every month during the use period, without deduction or offset. If the Commencement Date is not the first day of a month, the Use Fee due on the Commencement Date shall be a prorata share of a full month's Use Fee. Fillauer shall be in default under this Agreement if any Use Fee payment is not made by the fifth day of the month it is due.
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Use Payment. Both CITY and DISTRICT agree that CITY’s use of DISTRICT POOLS is in the mutual best interest of the parties, and that the DISTRICT shall not require CITY to pay any monetary payments to DISTRICT for such use of a DISTRICT POOL other than specifically provided herein. Notwithstanding the above, DISTRICT/CITY shall annually review maintenance and related costs of extending use of DISTRICT POOLS to the public, with DISTRICT to evaluate whether a monetary payment should be negotiated for use of any pool. Any change to the provisions of the Agreement shall be made in writing and agreed to by the parties as provided herein.
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Use Payment. On or before , 20 , Licensee will pay $ to the University, for the right to use the Licensed University Facilities during the Term.
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Use Payment a. The User agrees to pay the following: $ per hour of use as a Use Fee. $ the total amount due for the Term of this Agreement, based on the periods of use designated in Exhibit A. $ as a Damage Deposit. Other (describe): In the event of an extension of this Agreement pursuant to paragraph 2 above, the User agrees to pay the University a Use Fee at the same rate as identified above. b. The User further agrees to submit these payments as follows: Other (describe): The University may credit the Damage Deposit to the User’s obligation to pay one-half of the Use Fee at the end of the Term if it is not needed to pay for damages to the Facilities for which the User is responsible hereunder.
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Related to Use Payment

  • PURCHASE PAYMENTS The initial Purchase Payment is due on the Certificate Date. It must be paid at Our Office in United States currency. Coverage under a Certificate does not take effect until We have accepted the initial Purchase Payment during a Certificate Owner's lifetime. Each Purchase Payment after the Certificate Date must be at least the amount shown on the Certificate Schedule. Provided the Certificate Value under a Certificate does not go to zero, a Certificate will stay in force until the Income Date even if a Certificate Owner make no payments after the initial one. We reserve the right to reject any subsequent Purchase Payment. An initial Purchase Payment is allocated to the Sub-accounts of the Variable Account, and to the Fixed Account if available, in accordance with the selections made by a Certificate Owner at the Certificate Date. Unless otherwise changed by a Certificate Owner, subsequent Purchase Payments are allocated in the same manner as the initial Purchase Payment. Allocation of Purchase Payments is subject to the terms and conditions imposed by Us. We reserve the right to allocate initial Purchase Payments to the Money Market Sub-account until the expiration of the Right to Examine Certificate period set forth on the first page of the Group Contract and the Certificate. The Group Contract, including the application, if any, and any attached rider or endorsement constitute the entire contract between the Group Contract Owner and Us. All statements made by the Group Contract Owner, any Certificate Owner or any Annuitant will be deemed representations and not warranties. No such statement will be used in any contest unless it is contained in the application signed by the Group Contract Owner or in a written instrument signed by the Certificate Owner, a copy of which has been furnished to the Certificate Owner, the Beneficiary or to the Group Contract Owner. Only Our President or Secretary may agree to change any of the terms of the Group Contract. Any changes must be in writing. Any change to the terms of a Certificate must be in writing and with Certificate Owner's consent, unless provided otherwise by the Group Contract and the Certificate. To assure that the Group Contract and the Certificate will maintain their status as a variable annuity under the Internal Revenue Code, We reserve the right to change the Group Contract and any Certificate issued thereunder to comply with future changes in the Internal Revenue Code, any regulations or rulings issued thereunder, and any requirements otherwise imposed by the Internal Revenue Service. The Group Contract Owner and the affected Certificate Owner will be sent a copy of any such amendment. We reserve the right, subject to compliance with the law as currently applicable or subsequently changed, to: (a) operate the Variable Account in any form permitted under the Investment Company Act of 1940, as amended, (the "1940 Act"), or in any other form permitted by law; (b) take any action necessary to comply with or obtain and continue any exemptions from the 1940 Act, or to comply with any other applicable law; (c) transfer any assets in any Sub-account to another Sub-account, or to one or more separate investment accounts, or the General Account; or to add, combine or remove Sub-accounts in the Variable Account; and (d) change the way We assess charges, so long as We do not increase the aggregate amount beyond that currently charged to the Variable Account and the Eligible Funds in connection with a Certificate. If the shares of any of the Eligible Funds should become unavailable for investment by the Variable Account or if in Our judgment further investment in such Portfolio shares should become inappropriate in view of the purpose of the Certificate, We may add or substitute shares of another mutual fund for the Portfolio shares already purchased under the Certificate. No substitution of Portfolio shares in any Sub-account may take place without prior approval of the Securities and Exchange Commission and notice to the affected Certificate Owners, to the extent required by the 1940 Act.

  • EXPENSE PAYMENTS The Owner hereby gives power to the Agent to pay expenses and costs for the Property from the Owner’s funds held by the Agent, unless otherwise directed by the Owner. The expenses and costs may include, but are not limited to, property management compensation, fees and charges, expenses for goods and services, property taxes and other taxes, association or condominium dues, assessments, loan payments, and insurance premiums.

  • Lease Payments Tenant agrees to pay to Landlord as rent for the Premises the amount of dollars ($ ) each month in advance on the 1st day of each month at month of , 20 or at any other address designated by Landlord. If the Lease Term does not start on the 1st day of the month or end on the last day of a month, the first and last month’s rent will be prorated accordingly.

  • Overtime Payment Full-time employees shall be paid at the rate of one and one-half times the employee's straight time hourly rate for all time worked outside of their normal work hours and/or work days up to sixteen (16) hours in a twenty-four (24) hour period. For hours worked in excess of sixteen (16) in a twenty-four (24) hour period, employees shall be paid double time. Employees who receive an unpaid lunch period and are not required to work at their work assignments during such period shall not have such time treated as hours worked for the purpose of computing overtime.

  • Invoice Payment A. Except as indicated in paragraph B., below, the due date for making invoice payments by the designated payment office shall be the later of the following two events: 1. The 30th day after the designated billing office has received a proper invoice. 2. The 30th day after Government acceptance of supplies delivered or services performed. B. The due date for making invoice payments for meat and meat food products, perishable agricultural commodities, dairy products, and edible fats or oils, shall be in accordance with the Prompt Payment Act, as amended.