Delay in Settlement Clause Samples

Delay in Settlement. Where there is any delay in Settlement due to the act or default by you then: 7.7.1 rates, taxes and outgoings shall be adjusted as between us and you on the due date of Settlement and not the actual date; and 7.7.2 if any increase in Land Tax or any other rates and taxes payable by us occurs (for example, by the Settlement being delayed until after 1 July in any year), you shall be liable for all such additional payments (including any increase in Land Tax calculated on a multi ownership basis) which amount shall be due and payable to us at Settlement.

Delay in Settlement. Notwithstanding anything to the contrary, we reserve the right to delay any settlement in your favour as well as to delay the payment instruction until: (a) Cuscal fulfills its obligations in cases where Cuscal has delayed processing the pertinent Transaction; (b) We receive payment from Cuscal in respect of the subject Transaction. If we have credited to your nominated bank account the proceeds of a particular Transaction but Cuscal has failed to make the necessary payments to us, you understand and agree that, without limiting any other recourse, you shall immediately repay to us the aforesaid credited amount without need of any demand. To this end, you hereby authorise us to debit or set-off the aforesaid incorrectly credited amount from your funds in our possession.

Delay in Settlement. If Merchant fails to receive any Settlement Fund within a reasonable period and requests Alipay to inquire the issue with Alipay’s paying bank with the relevant bank reconciliation statement, Alipay shall deliver a written explanation of the specific reason for Merchant's failure to receive the payment within three (3) Working Days after receiving such request from Merchant, and provide Merchant with reasonable cooperation and assistance as required to resolve the issue.