Acquisition and Payment Clause Samples
The Acquisition and Payment clause defines the terms under which goods, services, or assets are purchased and the corresponding payment obligations. It typically outlines the process for placing orders, delivery timelines, invoicing procedures, and payment schedules, such as specifying due dates or acceptable payment methods. This clause ensures both parties understand their responsibilities regarding the transfer of goods or services and the timing and method of payment, thereby reducing the risk of disputes and ensuring smooth financial transactions.
Acquisition and Payment. County and the Property Owners anticipate entering into one or more Acquisition Agreements for improvements to be funded by the ▇▇▇▇▇▇▇ Hills Special Financing Districts in order to clearly identify the appropriate steps and requirements associated with bid procedures, prevailing wage, the acquisition of the public improvements and/or discrete portions and such other issues as the parties believe warrants inclusion (the “Acquisition Agreement”). The Acquisition Agreements shall include a covenant by the County to use any CFD tax and bond proceeds to acquire such improvements or portions thereof from the person or entity constructing the public infrastructure consistent with County Financing Policies and state law.
Acquisition and Payment. City agrees that it shall use its best efforts to allow and facilitate monthly acquisition of completed Improvements or completed portions thereof, and monthly payment of appropriate amounts for such Improvements to the person or entity constructing Improvements or portions thereof, provided City shall only be obligated to use CFD bond or tax proceeds for such acquisitions.
Acquisition and Payment