Interim Payment Date Clause Samples

The Interim Payment Date clause establishes specific dates on which partial payments are to be made during the course of a contract, typically for ongoing work or services. This clause outlines when the contractor or service provider can submit invoices for completed portions of work, often at regular intervals such as monthly or upon reaching certain project milestones. By defining these payment dates, the clause ensures a steady cash flow for the party performing the work and helps prevent disputes over payment timing, thereby supporting the smooth financial management of the project.
Interim Payment Date. The 7th, 18th, 21st, 22nd, 23rd, 24th and 29th day of each month, or if any such date is not a Business Day, the next succeeding Business Day to the extent any such day occurs during the Revolving Period, and, with respect to the Class A-2 Notes, any other date otherwise agreed to between the Issuer and all VFN Holders.
View SourceView Similar (4)
Interim Payment Date. The 7th, ▇▇▇▇, ▇▇▇▇, ▇▇▇▇, ▇▇▇▇, ▇▇▇▇ and 29th day of each month, or if any such date is not a Business Day, the next succeeding Business Day, and, with respect to any VFNs, any other date otherwise agreed to between the Issuer and all VFN Holders. If an Interim Payment Date falls on the same date as a Payment Date, the Interim Payment Date shall be disregarded.
View Source

Related to Interim Payment Date

  • Interim payment At the end of each of the periods indicated in Annex I the Contractor shall submit to the Agency a formal request for payment accompanied by those of the following documents which are provided for in the Special Conditions: ➢ an interim technical report in accordance with the instructions laid down in ▇▇▇▇▇ ▇; ➢ the relevant invoices indicating the reference number of the Contract and of the order or specific contract to which they refer;

  • Interim Payments Interim payments may be made by Department, at its discretion, if the completion of deliverables to date have first been accepted in writing by Department's Grant Manager.

  • Payment Date An amount calculated as being due in respect of any Early Termination Date under Section 6(e) will be payable on the day that notice of the amount payable is effective (in the case of an Early Termination Date which is designated or occurs as a result of an Event of Default) and on the day which is two Local Business Days after the day on which notice of the amount payable is effective (in the case of an Early Termination Date which is designated as a result of a Termination Event). Such amount will be paid together with (to the extent permitted under applicable law) interest thereon (before as well as after judgment) in the Termination Currency, from (and including) the relevant Early Termination Date to (but excluding) the date such amount is paid, at the Applicable Rate. Such interest will be calculated on the basis of daily compounding and the actual number of days elapsed.

  • Payment Due Date Unless City notifies the Contractor that a dispute exists, Payment shall be made within [Enter number of days, generally ≥ 30] calendar days, measured from (1) the delivery of goods and/or the rendering of services or (2) the date of receipt of the invoice, whichever is later. Payment is deemed to be made on the date on which City has issued a check to Contractor or, if Contractor has agreed to electronic payment, the date on which City has posted electronic payment to Contractor.

  • Final Repayment Date On the final Repayment Date, the Borrowers shall additionally pay to the Agent for the account of the Creditor Parties all other sums then accrued or owing under any Finance Document.