Payment and Financing Clause Samples
The Payment and Financing clause outlines the terms and conditions under which payments will be made and, if applicable, how financing arrangements are handled between the parties. It typically specifies payment schedules, accepted methods of payment, and any interest or penalties for late payments. In cases involving financing, it may detail the responsibilities of each party regarding loan arrangements or third-party financing. This clause ensures both parties have a clear understanding of their financial obligations, reducing the risk of disputes over payment timing or methods.
Payment and Financing. Owner shall timely pay the Contract Price in accordance with the provisions of Article 7 hereof. As a condition of NTP, Owner shall obtain and maintain financing for the Project sufficient to make payments to Contractor in accordance with the terms of this Agreement.
Payment and Financing. Payment shall be in all cash or other immediately available funds at closing. Buyer intends to borrow or obtain equity capital for the purchase price, and shall diligently pursue financing. Buyer shall immediately inform Seller if Buyer determines or is informed that financing will not be available for Buyer to close as specified in 4.3.1.
Payment and Financing. ETC’s Accounting Department is responsible for all activities relating to the overall financial activities of the Company. The payment and financing functions fall within this area of responsibility. With respect to cost accounting, invoicing and payment, the following is typical with respect to the Company’s Government contracts.
Payment and Financing