Common use of Method and Timing of Payment Clause in Contracts

Method and Timing of Payment. 12.1 VGP has sole discretion as to whether the Client may pay by cheque. Any sums that the Client owes to VGP must be paid in one of the following: (a) by online bank transfer; (b) by same day bank transfer; (c) with VGP’s consent, by cheque; or (d) by international telegraphic transfer. 12.2 The method of payment must be agreed before the Order is entered into. 12.3 The Client must have sufficient cleared funds deposited in an account before VGP creates any Order. VGP will indicate to the Client, where applicable, the sum required as the Deposit for each Order (where applicable). 12.4 VGP may impose other fees and charges for using the services, by providing Notice to the Client. If the Client does not consent to the charges, the Client can terminate the Agreement immediately and the charges will not apply to the Order prior to the Notice being given by VGP. 12.5 VGP is not responsible for any fees or charges imposed by third party banks or other counterparties, which are incurred by the Client in connection with the use of the services. 12.6 All payments under this Agreement must be made in Australian dollars or any other currency that VGP may agree to. 12.7 Any failure by the Client to pay an amount payable to VGP under this Agreement is deemed to be an application for a Credit Limit from VGP. 12.8 VGP will use all reasonable endeavours to make payments to the Client or to any third party specified by the Client, in accordance with the timing specified in the Client’s Instructions. However, VGP shall not be liable under any circumstances for any direct, indirect or consequential loss (including any loss of profits) incurred as a result of a delay in funds reaching the Client’s nominated account. 12.9 VGP will not be liable if a payee/beneficiary bank fails to process a payment correctly. 12.10 VGP is only required to make an international payment to or at the direction of the Client on a particular Day if cleared funds have been received by VGP prior to the Cut-off Time for that Day. International payments relating to funds received by VGP after the Cut-off Time for a Day will be made on the next Day.

Method and Timing of Payment. 12.1 13.1 VGP has sole discretion as to whether the Client may pay by chequexxxxxx. Any sums that the Client owes to VGP must be paid in one of the following: (a) by online bank transfer; (b) by same day bank transfer; (c) with VGP’s consent, by cheque; or (d) by international telegraphic transfer. 12.2 13.2 The method of payment must be agreed before the Order is entered into. 12.3 13.3 The Client must have sufficient cleared funds deposited in an account before VGP creates any Order. VGP will indicate to the Client, where applicable, the sum required as the Deposit for each Order (where applicable). 12.4 13.4 VGP may impose other fees and charges for using the services, by providing Notice to the Client. If the Client does not consent to the charges, the Client can terminate the Agreement immediately and the charges will not apply to the Order prior to the Notice being given by VGP. 12.5 13.5 VGP is not responsible for any fees or charges imposed by third party banks or other counterparties, which are incurred by the Client in connection with the use of the services. 12.6 13.6 All payments under this Agreement must be made in Australian dollars or any other currency that VGP may agree to. 12.7 13.7 Any failure by the Client to pay an amount payable to VGP under this Agreement is deemed to be an application for a Credit Limit from VGP. 12.8 13.8 VGP will use all reasonable endeavours to make payments to the Client or to any third party specified by the Client, in accordance with the timing specified in the Client’s Instructions. However, VGP shall not be liable under any circumstances for any direct, indirect or consequential loss (including any loss of profits) incurred as a result of a delay in funds reaching the Client’s nominated account. 12.9 13.9 VGP will not be liable if a payee/beneficiary bank fails to process a payment correctly. 12.10 13.10 VGP is only required to make an international payment to or at the direction of the Client on a particular Day if cleared funds have been received by VGP prior to the Cut-off Time for that Day. International payments relating to funds received by VGP after the Cut-off Time for a Day will be made on the next Day.

Method and Timing of Payment. 12.1 13.1 VGP has sole discretion as to whether the Client may pay by chequexxxxxx. Any sums that the Client owes to VGP must be paid in one of the following: (a) by online bank transfer; (b) by same day bank transfer; (c) with VGP’s consent, by cheque; or (d) by international telegraphic transfer. 12.2 13.2 The method of payment must be agreed before the Order is entered into. 12.3 13.3 The Client must have sufficient cleared funds deposited in an account before VGP creates any Order. VGP will indicate to the Client, where applicable, the sum required as the Deposit for each Order (where applicable). 12.4 13.4 VGP may impose other fees and charges for using the services, by providing Notice to the Client. If the Client does not consent to the charges, the Client can terminate the Agreement immediately and the charges will not apply to the Order prior to the Notice being given by VGPbyVGP. 12.5 13.5 VGP is not responsible for any fees or charges imposed by third party banks or other counterparties, which are incurred by the Client in connection with the use of the services. 12.6 13.6 All payments under this Agreement must be made in Australian dollars or any other currency that VGP may agree to. 12.7 13.7 Any failure by the Client to pay an amount payable to VGP under this Agreement is deemed to be an application for a Credit Limit from VGP. 12.8 13.8 VGP will use all reasonable endeavours to make payments to the Client or to any third party specified by the Client, in accordance with the timing specified in the Client’s Instructions. However, VGP shall not be liable under any circumstances for any direct, indirect or consequential loss (including any loss of profits) incurred as a result of a delay in funds reaching the Client’s nominated account. 12.9 13.9 VGP will not be liable if a payee/beneficiary bank fails to process a payment correctlypaymentcorrectly. 12.10 13.10 VGP is only required to make an international payment to or at the direction of the Client on a particular Day if cleared funds have been received by VGP prior to the Cut-off Time for that DaythatDay. International payments relating to funds received by VGP after the Cut-off Time for a Day will be made on the next Day.

Method and Timing of Payment. 12.1 13.1 VGP has sole discretion as to whether the Client may pay by chequexxxxxx. Any sums that the Client owes to VGP must be paid in one of the following: (a) by online bank transfer; (b) by same day bank transfer; (c) with VGP’s consent, by cheque; or (d) by international telegraphic transfer. 12.2 13.2 The method of payment must be agreed before the Order is entered into. 12.3 13.3 The Client must have sufficient cleared funds deposited in an account before VGP creates any Order. VGP will indicate to the Client, where applicable, the sum required as the Deposit for each Order (where applicable). 12.4 13.4 VGP may impose other fees and charges for using the services, by providing Notice to the Client. If the Client does not consent to the charges, the Client can terminate the Agreement immediately and the charges will not apply to the Order prior to the Notice being given by VGPbyVGP. 12.5 13.5 VGP is not responsible for any fees or charges imposed by third party banks or other counterparties, which are incurred by the Client in connection with the use of the services. 12.6 13.6 All payments under this Agreement must be made in Australian dollars or any other currency that VGP may agree to. 12.7 13.7 Any failure by the Client to pay an amount payable to VGP under this Agreement is deemed to be an application for a Credit Limit from VGP. 12.8 13.8 VGP will use all reasonable endeavours to make payments to the Client or to any third party specified by the Client, in accordance with the timing specified in the Client’s Instructions. However, VGP shall not be liable under any circumstances for any direct, indirect or consequential loss (including any loss of profits) incurred as a result of a delay in funds reaching the Client’s nominated account. 12.9 13.9 VGP will not be liable if a payee/beneficiary bank fails to process a payment correctlypaymentcorrectly. 12.10 13.10 VGP is only required to make an international payment to or at the direction of the Client on a particular Day if cleared funds have been received by VGP prior to the Cut-off Time for that DaythatDay. International payments relating to funds received by VGP after the Cut-off Time for a Day will be willbe made on the next Day.