Method of Payments for Amounts Due to the Sample Clauses

Method of Payments for Amounts Due to the. County 1. Within ten (10) business days after written notification by the County to Contractor of any amount due by Contractor, Contractor shall notify the County as to which of the following five payments options Contractor requests be used as the method by which such amount shall be recovered by the County. Any such amount shall be: a. Paid in one cash payment by Contractor to the County; b. Deducted from future claims over a period not to exceed three (3) months; c. Deducted from any amounts due from the County to Contractor whether under this Agreement or otherwise; d. Paid cash payment(s) by Contractor to the County over a period not to exceed three (3) months; or e. A combination of any or all of the above. 2. If Contractor does not so notify the County within such ten (10) days, or if Contractor fails to make payment of any such amount to the County as required, then recovery of such amount from Contractor will be deducted in its entirety from immediate future claim(s) until recovered in full.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs

Related to Method of Payments for Amounts Due to the

  • Method of Payments Any amount due under this Guarantee shall be paid: (a) in immediately available funds; (b) to such account as the Security Trustee may from time to time notify to the Guarantor; (c) without any form of set-off, cross-claim or condition; and (d) free and clear of any tax deduction except a tax deduction which the Guarantor is required by law to make.

  • Method of Payment Subject to Section 9.01(c), distributions required to be made to Certificateholders on any Distribution Date shall be made to each Certificateholder of record on the related Record Date either by check mailed to such Certificateholder at the address of such holder appearing in the Certificate Register or by wire transfer, in immediately available funds, to the account of any Certificateholder at a bank or other entity having appropriate facilities therefor, if such Certificateholder shall have provided to the Certificate Registrar appropriate written instructions at least five Business Days prior to such Distribution Date.

  • Allocation of Payments The Assignor and the Assignee agree that (i) the Assignor shall be entitled to any payments of principal with respect to the Assigned Interest made prior to the Assignment Date, together with any interest and fees with respect to the Assigned Interest accrued prior to the Assignment Date, (ii) the Assignee shall be entitled to any payments of principal with respect to the Assigned Interest made from and after the Assignment Date, together with any and all interest and fees with respect to the Assigned Interest accruing from and after the Assignment Date, and (iii) the Agent is authorized and instructed to allocate payments received by it for account of the Assignor and the Assignee as provided in the foregoing clauses. Each party hereto agrees that it will hold any interest, fees or other amounts that it may receive to which the other party hereto shall be entitled pursuant to the preceding sentence for account of such other party and pay, in like money and funds, any such amounts that it may receive to such other party promptly upon receipt.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!