Common use of Dates For Payment Clause in Contracts

Dates For Payment. Payments to be made shall: (a) In the case of payments under Clause 2.1, 2.2, 3.1 or 3.3 above become due for payment 30 days after the event giving rise to the payment obligation; (b) In the case of payments under Clause 3.4.1 above become due for payment ninety days following the date on which the BBC receives the Gross Receipts if the BBC or an associated or subsidiary company is distributing, or if a third party is distributing from the date on which the BBC is notified of the exploitation. The payment will be accompanied by an explanation of how the amount due to the Writer is calculated. If the sum due is less than £10 the amount due will be carried forward to the next payment date unless otherwise specifically requested by the Contributor; (c) In the case of payments under clause 3.4.2 as set out in Schedule Three below.