Delayed or early payments Sample Clauses

Delayed or early payments. If an ELIXIR Member State fails to make any payment due to ELIXIR under this Agreement, within four weeks of the payment date as determined under Art 5.1.3, the ELIXIR Board shall have the right to charge interest on the overdue amount. In case of early payments the respective ELIXIR Member State will be paid interest.The interest rate shall be proposed by the ELIXIR Director on an annual basis, together with the proposed ELIXIR Budget, which covers costs incurred through late payment. Interest on any delayed payments shall be charged without prejudice to the provisions of this Agreement regarding the payment of contributions.
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Related to Delayed or early payments

  • Early Payment You may pay all or any part of your Outstanding Loan Balance at any time without notice, penalty or bonus.

  • Compensation & Payment 8.4.1. Should the claim be found proven; settlement is executed only in the form of compensation payment added to the Client trade account.

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Non-Payment The Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein, any amount of principal of any Loan or any L/C Obligation, or (ii) within three days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any fee due hereunder, or (iii) within five days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or

  • Lump Sum Payment Upon award of the contract for this improvement, the LA will pay to the STATE, in lump sum, an amount equal to 80% of the LA’s estimated obligation incurred under this Agreement, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs. Method B - Monthly Payments. Upon award of the contract for this improvement, the LA will pay to the STATE, a specified amount each month for an estimated period of months, or until 80% of the LA’s estimated obligation under the provisions of the Agreement has been paid, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs.

  • Termination Payments In the event of termination of the Executive’s employment during the Employment Period, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this Section 8.

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