Common use of Due date for payment Clause in Contracts

Due date for payment. The settlement date for each Tax Invoice issued by the Distributor must be the 20th day of the month in which the Tax Invoice is received, or if the 20th day of the month is not a Working Day, the first Working Day after the 20th day. However, if the Distributor fails to send a Tax Invoice to the Trader within 10 Working Days after the last day of the month to which the Tax Invoice relates, the due date for payment is extended by 1 Working Day for each Working Day that the Tax Invoice is late.

Appears in 35 contracts

Samples: Default Distributor Agreement, Distributor Agreements, Distributor Agreements

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Due date for payment. The settlement date for each Tax Invoice issued by the Distributor must will be the 20th day of the month in which the Tax Invoice is received, or if the 20th day of the month is not a Working Day, the first Working Day after the 20th day. However, if the Distributor fails to send a Tax Invoice to the Trader Retailer within 10 Working Days after the last day of the month to which the Tax Invoice relates, the due date for payment is will be extended by 1 Working Day for each Working Day that the Tax Invoice is late.

Appears in 9 contracts

Samples: Use of System Agreement, Use of System Agreement, Use of System Agreement

Due date for payment. The settlement date for each Tax Invoice issued by the Distributor must will be the 20th day of the month in which the Tax Invoice is received, or if the 20th day of the month is not a Working Day, the first Working Day after the 20th day. However, if the Distributor fails to send a Tax Invoice to the Trader Retailer within 10 Working Days after the last day of the month to which the Tax Invoice relates, the due date for payment is will be extended by 1 Working Day for each Working Day that the Tax Invoice is late.late.‌

Appears in 2 contracts

Samples: Use of System Agreement, Use of System Agreement

Due date for payment. The settlement date for each Tax Invoice issued by the Distributor must will be the 20th day of the month in which the Tax Invoice is received, or if the 20th day of the month is not a Working Day, the first Working Day after the 20th day. However, if the Distributor fails to send a Tax Invoice to the Trader within 10 Working Days after the last day of the month to which the Tax Invoice relates, the due date for payment is will be extended by 1 Working Day for each Working Day that the Tax Invoice is late.

Appears in 1 contract

Samples: Use of System Agreement

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Due date for payment. The settlement due date for payment of each Tax Invoice issued by the Distributor must be is the 20th day of the month in which following receipt of the Tax Invoice is receivedor, or if the 20th day of the month is not a Working Day, the first Working Day after the 20th day. However, if the Distributor fails to send a Tax Invoice to the Trader Retailer within 10 Working Days after the last day of the month to which the Tax Invoice relates, the due date for payment is extended by 1 Working Day for each Working Day that the Tax Invoice is late.

Appears in 1 contract

Samples: Use of System Agreement

Due date for payment. The settlement date for each Tax Invoice issued by the Distributor must will be the 20th day of the month in which the Tax Invoice is received, or if the 20th day of the month is not a Working Day, the first Working Day after the 20th day. However, if the Distributor fails to send a Tax Invoice to the Trader Retailer within 10 Working Days after the last day of the month to which the Tax Invoice relatesrelates and the Retailer did not send late information pursuant to 14.3(c), the due date for payment is will be extended by 1 Working Day for each Working Day that the Tax Invoice is late.

Appears in 1 contract

Samples: Use of System Agreement

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