WHEN PAYABLE. The full sanction fee shall be payable by the Promoter within 30 days on signing of this agreement by the parties. Late payments shall incur a penalty of 10% of the sanction fee. The sanction for the event shall not be issued or confirmed until the Promoter has signed this contract and the sanction fee has been paid. The EPF may at any time prior thereto withdraw the sanction and award the sanction for the event to another promoter. This contract must be returned duly signed by the Promoter within 30 days after it has been received from the EPF.
Appears in 2 contracts
Sources: Promoter's Contract, Epf Promoter's Contract
WHEN PAYABLE. The full sanction fee shall be payable by the Promoter within 30 days on signing of this agreement by the parties. Late payments shall incur a penalty of 10% of the sanction fee, unless arrangements are made otherwise. The sanction for the event shall not be issued or confirmed until the Promoter has signed this contract and the sanction fee has been paid. The EPF NAPF may at any time prior thereto signing of the document may withdraw the sanction and award the sanction for the event to another promoter. This contract must be returned duly signed by the Promoter within 30 days after it has been received from the EPFNAPF.
Appears in 1 contract
Sources: Promoter's Contract