Invoice Currency and Payment Sample Clauses

Invoice Currency and Payment. Contractor shall prepare invoices for each Turnkey well covering the Services performed in accordance with the Rates contained in this Agreement. Company will make payment to Contractor of 20% of total invoice amount for a completed well, VAT charged to the total amount of invoice, and any amounts under Variation Order 30 days after receipt of an uncontested invoice in currency as specified in Article 1.2 hereof. The remaining 80% of the invoice amount will be paid within 365 days after receipt of such invoice at the terms specified in the Convertible Debenture, dated 19 April 2005, issued by Big Sky Energy Corporation, a parent company of the Company, as security for fulfillment by the Company of its payment obligations hereunder. Contractor shall have the right, upon ten (10) days prior written notice, to terminate this Agreement if Company refuses to pay undisputed amounts due and owing to Contractor. Such termination by Contractor shall not change Company’s obligation to pay contractor any amounts of money already due, as well as the appropriate demobilization fee under this Agreement. Contractor shall bixx Xompany at the end of each well, for all daily charges and other charges earned by Contractor for such well. Bixxxxxx xor daily charges will reflect details of the time spent (calculated to the nearest half hour) and the rate charged for that time. Bixxxxxx xor other charges will be accompanied by invoices and other documentation supporting costs incurred for Company. Company shall make such payment to the Bank and the account number shown in the Drilling Order hereto and on the invoice. All payments shall be made according to Article 1.2 hereof. In case of payment delay Company shall pay interest at the rate of one-half percent (0.5%) per day to a maximum of 5% of the value of the unpaid value and such interest charges shall continue until the amount including such interest is paid in full. In the event of disagreements regarding invoice or incorrect completion of invoice which are not in compliance with the requirements of current tax legislation, the invoice shall be returned without payment until disagreement is resolved or invoice is completed correctly. Company shall immediately inform Contractor of any questions or differences, and Company and Contractor shall take reasonable steps to settle the dispute. After satisfactorily resolving the disputed part of the invoice, Contractor shall re-invoice Company the mutually agreed upon and formerly d...
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Related to Invoice Currency and Payment

  • Currency and Funds of Payment All Guarantors’ Obligations for payment will be paid in lawful currency of the United States of America and in immediately available funds, regardless of any law, regulation or decree now or hereafter in effect that might in any manner affect the Guaranteed Liabilities, or the rights of any Secured Party with respect thereto as against the Borrower or any other Loan Party, or cause or permit to be invoked any alteration in the time, amount or manner of payment by the Borrower or any other Loan Party of any or all of the Guaranteed Liabilities.

  • Currency and amount (a) The currency specified in a Utilisation Request must be the Base Currency or an Optional Currency.

  • Currency of Account and Payment U.S. dollars (the “Contractual Currency”) is the sole currency of account and payment for all sums payable by a party under or in connection with this Agreement, including damages.

  • Canadian Dollars All references herein to dollar amounts are to lawful money of Canada.

  • Alternative Currency In the case of a Credit Extension to be denominated in an Alternative Currency, such currency remains an Eligible Currency.

  • Dollars on .. [if the Security is to bear interest prior to Maturity, insert -- , and to pay interest thereon from ............. or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on ...........

  • Additional Alternative Currencies (a) The Borrower may from time to time request that Eurocurrency Rate Loans be made and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative Currency;” provided that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars. In the case of any such request with respect to the making of Eurocurrency Rate Loans, such request shall be subject to the approval of the Administrative Agent and the Lenders; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the L/C Issuer.

  • U.S. Currency All sums and amounts payable or to be payable pursuant to the provisions of this Agreement shall be payable in coin or currency of the United States of America that, at the time of payment, is legal tender for the payment of public and private debts in the United States of America.

  • Foreign Currency Calculations (a) For purposes of determining the Dollar Equivalent of any Advance denominated in a Foreign Currency or any related amount, the Administrative Agent shall determine the Exchange Rate as of the applicable Exchange Rate Date with respect to each Foreign Currency in which any requested or outstanding Advance is denominated and shall apply such Exchange Rates to determine such amount (in each case after giving effect to any Advance to be made or repaid on or prior to the applicable date for such calculation).

  • Unavailability of a currency If before the Specified Time on any Quotation Day:

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