Ad Hoc Payment Sample Clauses
An Ad Hoc Payment clause allows for payments to be made outside of the regular or scheduled payment terms, typically in response to specific, unforeseen, or one-time circumstances. This clause enables one party to request or require a payment that is not part of the standard invoicing cycle, such as for additional services, emergency expenses, or adjustments due to changes in scope. Its core practical function is to provide flexibility in financial arrangements, ensuring that unique or unexpected costs can be addressed promptly without waiting for the next regular payment period.
POPULAR SAMPLE Copied 11 times
Ad Hoc Payment. The Parties acknowledge that in order to provide the Management Services under this Agreement, Party B may incur expenses and costs from time to time, and the Parties further agree that Party B may request an ad hoc payment every calendar quarter and such payment may be credited against Party A’s future payment obligations of the Management Services Fee.
Ad Hoc Payment. The Parties acknowledge that in order to provide the Management Services under this Agreement, CETL may incur expenses and costs from time to time, and the Parties further agree that CETL may request an ad hoc payment every calendar quarter and such payment may be credited against HEZL’s future payment obligations of the Management Services Fee.
Ad Hoc Payment. The Parties acknowledge that in order to provide the Management Services under this Agreement, DSHK may incur expenses and costs from time to time, and the Parties further agree that DSHK may request an ad hoc payment every calendar quarter and such payment may be credited against DSBT’s future payment obligations of the Management Services Fee.
Ad Hoc Payment. The Parties acknowledge that in order to provide the Management Services under this Agreement, YIBL may incur expenses and costs from time to time, and the Parties further agree that YIBL may request an ad hoc payment every calendar quarter and such payment may be credited against JYBL’s future payment obligations of the Management Services Fee.