Payment 3. 2.1. The Customer shall pay SW the Charges and any other sums due to SW within 30 days from date of SW’s invoice. Invoices will be in the form shown in Schedule 4 3.2.2. Each payment to SW under this Agreement shall be made in UK pounds sterling. 3.2.3. If either party fails to pay any sum due under this Agreement to the other party by the due date for payment, the other party may, without prejudice to any other right or remedy, charge the defaulting party interest at the rate of 4% above the base rate from time to time of Lloyds TSB Bank plc on the balance outstanding from time to time until payment in full (including interest) is made, except no interest will be charged on late payments disputed within 15 days of the date of the invoice and withheld unless it is subsequently determined that the amount withheld is validly due. 3.2.4. In the event of any dispute over sums that the Customer reasonably believes includes a sum which is not valid and properly due, the Customer shall pay to SW all undisputed amounts.
Payment 3. The third payment of shares shall be to Xx. Xxxxxxxx or his designee and shall be contingent on NMG SD receiving its adult-use commercial cannabis retail license at the SD Location. One Million Three Hundred and Forty Thousand Five Hundred and Two (1,340,502) shares of BaM (the “Payment 3 Shares”) shares shall be disbursed to Xx. Xxxxxxxx or his designee only following NMG SD receiving all licenses, permits, and authorizations required for NMG SD to conduct adult-use commercial cannabis retail operations at the SD Location, subject to the mandatory six (6) month exchange holding period.
Payment 3. The third payment of shares shall be to Xx. Xxxxxxxx or his designee and shall be contingent on NMG SD receiving its adult-use commercial cannabis retail license at the SD Location. Subject to the Share Payment Reductions set forth in Section 2(d) of this Agreement, Seven Hundred and Fifty Thousand Dollars ($750,000.00) of BaM common shares at the Share Value Calculation for a total possible payment of One Million Three Hundred and Forty Thousand Five Hundred Two (1,340,502) BaM shares (the “Payment 3 Shares”) shall be disbursed to Xx. Xxxxxxxx or his designee only following NMG SD receiving all licenses, permits, and authorizations required for NMG SD to conduct adult-use commercial cannabis retail operations at the SD Location (the “SD Adult-use Licenses”). In addition to being subject to the Share Payment Reduction set forth in Section 3(d), the Payment 3 Shares shall be subject to the mandatory six (6) month exchange holding period.
Payment 3. The third payment shall be Seven Hundred Fifty Thousand Dollars ($750,000.00) in cash plus interest at the rate of five percent (5%) simple per annum accruing from the Effective Date to be paid to Landlord no later than five (5) business days of Landlord’s receipt from the City of San Diego of a Conditional Use Permit allowing adult-use commercial cannabis storefront retail operations at the Premises. Notwithstanding any provision in the Lease to the contrary, delivery of the Landlord Consideration shall fully satisfy any and all monetary obligations of SGSD related to Landlord’s consent to the assignment of the Lease to NMG, including, without limitation, payment of any Sale Bonus due under Paragraph 21.1.2(b) of the Lease, any obligations with respect to the payment of the CUP Obligation under Paragraph 6.4 of the Lease. For the avoidance of doubt, no other payments shall be due or owing to Landlord by SGSD or NMG in connection with the assignment of the Lease to NMG and/or the CUP Obligation (which shall be deemed satisfied in full for all purposes under the Lease).
Payment 3. 3.1. Who is responsible for ensuring payment. Each Parent who has signed the Acceptance Form is liable for all of the Fees and supplemental charges due to the School and must ensure that these are paid on time. This is because our Contract applies to both of you together and each of you on your own. Each of you remains jointly and individually liable to the School for all of the Fees and supplemental charges due to the School UNLESS AND UNTIL the School has expressly agreed in writing that any other payment arrangements should apply. In practice this means that if any Fees or supplemental charges have not been paid to the School on time, the School can seek payment of the full amount outstanding from either Parent. 3.3.2. How can one Parent remove him/herself from their payment responsibility. Except where clause 7.2 applies, a Parent who has signed the Acceptance Form may withdraw from the Contract with the School by giving a Term’s Notice AND PROVIDED THAT he/she has obtained the prior written consent of the School and has provided to the School, the written consent of the other Parent who has signed the Acceptance Form. 3.3.3 How bursary etc. awards are treated. If your Child has been awarded a scholarship or bursary, your responsibility will be to pay for the amount of Fees due after taking account of that award. An award may be withdrawn in accordance with (or by reference to) the terms on which such award is made and/or if, in the opinion of the Head, your Child’s attendance, progress and/or behaviour no longer merits the continuation of the award. Any such withdrawal of an award will not operate so as to increase the Fees due in respect of a Term which has already commenced. Where it appears likely to the Head that, for academic reasons, an award may be withdrawn from your Child, you shall be notified in advance with a view to agreeing with you a period of time for your Child to improve before a final decision is taken.
Payment 3. 2.1 The Authority shall pay all sums properly due and payable to the Supplier in respect of the Contract Services in cleared funds by no later than thirty (30) calendar days after the date of a validly issued invoice for such sums. 3.2.2 The Supplier shall ensure that each invoice (whether submitted electronically or in a paper form) contains all appropriate references and a detailed breakdown of the Contract Services provided and any disbursements and that it is supported by such other documentation as may reasonably be required by the Authority to substantiate the invoice. 3.2.3 The Supplier shall ensure that all invoices submitted to the Authority for Contract Services are exclusive of the Management Charge payable to the Authority in respect of the Contract Services. The Supplier shall not be entitled to increase the Contract Charges by an amount equal to such Management Charge or to recover such Management Charge as a surcharge or disbursement. 3.2.4 The Supplier shall make any payments due to the Authority without any deduction whether by way of set-off, counterclaim, discount, abatement or otherwise unless the Supplier has a valid court order requiring an amount equal to such deduction to be paid by the Authority to the Supplier. 3.2.5 Subject always to the provisions of Clause 14, if the Supplier enters into a Sub-Contract in respect of the Contract Services, it shall ensure that a provision is included in such Sub-Contract which requires payment to be made of all sums due by the Supplier to the Sub-Contractor within a specified period not exceeding thirty (30) calendar days from the receipt of a validly issued invoice, in accordance with the terms of the Sub-Contract. 3.2.6 The Supplier shall not suspend the supply of the Contract Services unless the Supplier is entitled to terminate the Contract under Clause 8.2.2 on the grounds of the Authority’s failure to pay undisputed sums of money. Interest shall be payable by the Authority in accordance with the Late Payment of Commercial Debts (Interest) Act 1998 on the late payment of any undisputed sums of money properly invoiced by the Supplier in respect of the Contract Services. 3.2.7 The Supplier shall accept the Government Procurement Card as a means of payment for the Contract Services where such card is agreed with the Authority to be a suitable means of payment. The Supplier shall be solely liable to pay any merchant fee levied for using the Government Procurement Card and shall not be entitled ...
Payment 3. 1 The license rights granted by BUYER to IBM shall be considered fully paid up by IBM upon execution of this Agreement. The license rights granted by IBM to BUYER shall be considered fully paid up by BUYER upon payment by BUYER to IBM of all amounts due under the IPA. SECTION 4.
Payment 3. 1.2.1 Annual leave payment shall be at the employee’s annualised salary rate in accordance with his/her normal roster. This payment shall be deposited into the employee’s bank account as normal unless the employee request payment in advance. 3.1.2.2 The payment for Public Holidays during the taking of annual leave shall only apply to Day Workers. Payment for such requirement for Day Shift and Rotating Shift workers having been included within the annualised salary.
Payment 3
