Other Terms on Payment Sample Clauses

Other Terms on Payment a) Transferable L/C cannot be established. A Letter of Credit will be established on the basis of DELIVERY PERIOD. Presentation period of the shipping documents to the Bank is 21 (twenty one) calendar days.  80% (eighty percent) of the order value will be paid following the presentation of the shipping documents to the bank.  The balance 20% (twenty percent) of the total Purchase Order (P/O) value payable upon written instruction of TPIC to the L/C issuer bank latest 30 (thirty) days after the acceptance of the material or in 3 (three) months after shipment, whichever comes first. In case of non-fulfillment of requirements of Contract or PO and L/C, neither %20 (twenty percent) of order amount nor Bank Performance Letter will be released. Only after fulfillment of the requirements, the balance 20% (twenty percent) of order amount and Bank Performance Guarantee Letter will be released upon the instructions of TPIC. In case of late delivery, the late delivery charge will be calculated in accordance with the Article 21 and taken from the balance 20% of order amount or bank performance guarantee letter whichever meets the total charge. In establishing the Letter of Credit, all the bank expenditures abroad and various expenses (excluding the force majeure) and all banking and extension charges because of the delayed shipment (except force majeure) will be for Seller’s account.
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Related to Other Terms on Payment

  • OTHER TERMS & CONDITIONS 15.6.1. On termination of License Agreement:

  • Restrictions on Payments An employee shall not be entitled to payment for inclement weather as provided for in this clause unless the employee remains on the job until the provisions set out in this clause have been observed.

  • – GENERAL PROVISIONS ON PAYMENTS II.16.1 Payments shall be made by the Commission in euro. Any conversion of actual costs into euro shall be made at the daily rate published in the Official Journal of the European Union or, failing that, at the monthly accounting rate established by the Commission and published on its website applicable on the day when the payment order is issued by the Commission, unless the Special Conditions of the agreement lay down specific provisions. Payments by the Commission shall be deemed to be effected on the date when they are debited to the Commission's account.

  • Limitation on Payment of Funds Despite section A4.1:

  • Other Terms and Conditions You also agree to be bound by any other specific terms and conditions governing such recurring/instalment payment scheme. In the event of conflict, such specific terms and conditions are to prevail over the provisions of this clause but only to the extent necessary to give full effect to those terms and conditions.

  • ADDITIONAL TERMS & CONDITIONS Acknowledged and Agreed: By: /s/ Xxxxxxxxxxx X. Xxxxx By: /s/ Xxxxxxx Xxxxxxx RSE Archive, LLC SELLER Name:Xxxxxxxxxxx X. Xxxxx Name: Xxxxxxx Xxxxxxx Title: Chief Executive Officer Title: Principal

  • All Other Terms and Conditions of the Contract Except as set forth in this Amendment, all terms and conditions of the Contract, as previously amended, shall continue in full force and effect. CONTRACT NO.PB060AA Signature Page

  • Payment Instructions and Late Payments The Parties agree that all payments shall be made in a timely manner and in a method set forth in the attached “Payment Instructions.” Respondent acknowledges and agrees to comply with the “Late Payment” provisions provided therein.

  • VARIATIONS TO THE AGREEMENT 12.1. Company reserves the right from time to time to vary the Agreement as follows:

  • Limitation on Payments In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s benefits under Section 3 will be either:

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