Partial Payment Option Sample Clauses
The Partial Payment Option clause allows a party to make payments in installments rather than paying the full amount upfront. Typically, this clause outlines the schedule, amounts, and conditions under which partial payments are accepted, such as monthly payments or milestone-based installments. By providing flexibility in payment terms, it helps accommodate the payer’s cash flow needs and ensures that the payee receives funds progressively, reducing the risk of non-payment.
Partial Payment Option. For 2021 permit holders will have the choice of purchasing their permits with a two payment option or pay the entire fee when they renew. A payment of $400 will be due on January 1, 2021 and the second payment of $400 will be due on May 1, 2021 (totaling $750).
Partial Payment Option. For 2024 permit holders will have the choice of purchasing their permits with a two- payment option or pay the entire fee when they renew. A payment of $425 will be due on January 1, 2024, and the second payment of $425 will be due on May 1, 2024 (totaling $850).
Partial Payment Option. A Participant who has terminated employment can elect at any time to take a partial distribution of his Account Balance. Partial distributions shall be made from the following subaccounts in the order set forth below: