Account for Payment Clause Samples
The "Account for Payment" clause establishes the obligation of one party to provide a detailed statement or record of amounts due or paid under a contract. Typically, this clause requires the party responsible for making payments to submit an itemized account or invoice, specifying the nature and amount of each charge or payment. This ensures transparency in financial transactions and allows the receiving party to verify the accuracy of payments, thereby reducing the risk of disputes over amounts owed or paid.
Account for Payment. Amounts payable by the European Receivables Warehouse Company to a Dutch Originator in respect of the Dutch Receivables shall be made to such account as the relevant Dutch Originator may specify to the European Receivables Warehouse Company in writing.
Account for Payment. Unless Hospah elects to receive distribution ------------------- of its Net Operating Cash Flow "in kind," payments shall be made by check, draft pursuant to Section F.5 or by wire transfer to:
Account for Payment. (a) An amount equal to the Euro Re-purchase Price will be paid into the European Master Purchaser Euro MTN Principal Reserve Account if the European Receivables Warehouse Company Dutch Offer to Re-Sell is accepted.
(b) The parties hereto acknowledge that the effect of the payment to the European Master Purchaser by the Selected Dutch Originators of the Euro Re-purchase Price in accordance with this Clause 5.3 shall constitute an effective discharge of all obligations of the Selected Dutch Originators to pay the European Receivables Warehouse Company the Euro Re-purchase Price. On such payment, the relevant Selected Dutch Receivables together with the benefit of all Ancillary Rights related thereto shall be assigned and transferred to the Selected Dutch Originators.
Account for Payment. Account for payments to ▇▇▇▇▇ ▇▇▇▇▇ ABA# ▇▇▇-▇▇▇-▇▇▇ Acct # ▇▇▇-▇▇▇-▇▇▇▇ Re: Share Option Transaction Reference No. 402197, 402198 Account for payments to Pay to: HSBC Bank USA, New York, FedWire the Counterparty: #▇▇▇▇▇▇▇▇▇ or CHIPS #0108, ▇▇▇▇▇▇▇▇ for A/C of: ▇▇▇▇▇▇▇▇▇ International Limited C/A No. 000-121797 Under telex advice to Hong Kong Bank, HK, International Deposits Department, Attn: Mrs. ▇▇▇▇▇ ▇▇ (Tlx No. 73205 HSBC HK)
Account for Payment. Each payment under this Agreement shall be made for value on the day the payment is due, provided that if that day is not a Business Day, the payment shall be due on the immediately preceding Business Day (unless otherwise specified herein). All interest and other fees shall continue to accrue until payment has been received by the Lender. The Lender shall debit the Loan Account in the amount of each payment due hereunder at or before 12:00 noon (Montreal time) on the day that such payment is due.