Cash Remittance Clause Samples
The Cash Remittance clause defines the procedures and obligations for transferring cash payments between parties under an agreement. Typically, it outlines the timing, method, and documentation required for remitting funds, such as specifying bank transfers, payment deadlines, and necessary remittance details. This clause ensures that payments are made efficiently and transparently, reducing the risk of disputes or delays related to financial transactions.
Cash Remittance. Whenever shares of Company Stock are to be issued upon the occurrence of the Issue Date or the Vesting Date and whenever dividends are paid in respect of non-vested shares of restricted stock, the Company shall have the right to require the Participant to remit to the Company in cash an amount sufficient to satisfy federal, state and local withholding tax requirements, if any, attributable to such occurrence prior to the delivery of any certificate or certificates for such shares.
Cash Remittance. For all purchases of the BULK DRUG SUBSTANCE from TANABE, VIVUS shall pay to TANABE by means of cash remittance (by bank transfer) payable within sixty (60) days after the date of TANABE's invoice.
Cash Remittance. Whenever ADSs are to be transferred or delivered upon the exercise of the Option, the Company shall have the right to require the Participant to remit to the Company in cash an amount sufficient to satisfy federal, state, local and/or non-U.S. withholding tax requirements, if any, attributable to such exercise prior to the delivery of the ADSs or recordation by the Company of the Participant or his or her nominee as the owner of such ADSs.
Cash Remittance. Whenever shares of Common Stock are to be issued upon the exercise of an Option or when shares of Restricted Stock Vest, the Company shall have the right to require the Participant to remit to the Company in cash an amount sufficient to satisfy federal, state, local and foreign withholding tax requirements, if any, attributable to such exercise, grant or lapse prior to the delivery of any certificate or certificates for such shares or the effectiveness of the lapse of such restrictions. Without limitation on the foregoing, the Company shall have the right to require the Participant to remit to the Company or any of its Affiliates in cash an amount sufficient to satisfy any applicable tax liability, including, without limitation, that L-17 if the Company or any of its Affiliates is liable to account for or deduct any tax, national insurance or other fiscal impositions or duties payable as a result of the exercise of the Option or the issue or transfer of shares of Common Stock from the salary or other earnings of the Participant in any relevant payment period and such salary or earnings are insufficient to meet the liability of the Company or any of its Affiliates, then the Company shall have the right to require the Participant to remit to the Company or any of its Affiliates in cash an amount sufficient to satisfy this liability.
Cash Remittance. For all purchases of the BULK DRUG SUBSTANCE and BULK DRUG TABLETS from MTPC, VIVUS shall pay to MTPC by means of cash remittance (by bank transfer) payable within *** after the date of Air Waybill or ▇▇▇▇ of Lading, as applicable for the relevant shipment.”
16. Following
Cash Remittance. No later than (5) business days from the Oversight Board’s approval of the GP Property Resolution, the City Parties shall, in compliance with the OFA Determination, collectively remit to the Auditor-Controller the total sum of $34,828,005.15 USD (“Cash Remittance”) by direct wire transfer in accordance with the wire instructions attached hereto as Exhibit D. As shown on Exhibit E, the Cash Remittance represents the total sum of $40,875,908 due under the OFA Determination with interest at the rate earned by funds in the Local Agency Investment Fund, calculated from February 1, 2012, to June 30, 2014, less the share of property tax revenues the City would otherwise be eligible to receive pursuant to California Health and Safety Code section 34188 on account of the Cash Remittance.
Cash Remittance. Whenever Shares of Common Stock are to be issued upon the exercise of a Option, the Company shall have the right to require the Optionee to remit to the Company in cash an amount sufficient to satisfy federal, state and local withholding tax requirements, attributable to such exercise, prior to the delivery of any certificate or certificates for such Shares.
Cash Remittance. Whenever shares of Common Stock are to be issued upon the exercise of an Option, Southwestern shall have the right to require the Participant to remit to Southwestern in cash an amount sufficient to satisfy federal, state and local withholding tax requirements, if any, attributable to such exercise, prior to the delivery of any certificate or certificates for such shares.