Common use of Additional Payment Terms Clause in Contracts

Additional Payment Terms. a. If required by Applicable Law, any required payment or transfer from CITY to the Charity related to the Vouchers (the “Payment”) will be made no later than ninety (90) days after the completion of a sale of Vouchers. b. If required by Applicable Law, in connection with the Payment (and, unless Applicable Law provides otherwise, in no case later than thirty (30) business days after a request from the Charity or the State), CITY will provide a final accounting (a “Final Accounting”) to such requesting party. Such Final Accounting will contain sufficient information, including, but not limited to, the number of Vouchers sold, and the dollar amount received for each Voucher, to enable the Charity to determine that the representations made to the public on its behalf have been adhered to accurately and completely and to prepare a periodic report for filing with the Attorney General, if such filing is required by Applicable Law. If the Charity determines that the Final Accounting contains insufficient information, it will alert CITY and CITY will provide additional information reasonably necessary to file such periodic report.