Payment by Shipper Clause Samples

The 'Payment by Shipper' clause establishes the shipper's obligation to pay for the transportation services provided under the contract. Typically, this clause outlines the timing, method, and conditions of payment, such as requiring payment within a specified number of days after receiving an invoice or upon delivery of goods. By clearly defining when and how payments must be made, this clause ensures that the carrier receives compensation in a timely manner and helps prevent disputes over payment terms.
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Payment by Shipper. LMM shall provide Shipper with the necessary information and authorization to allow electronic payment to LMM’s designated account. On or before the ***, Shipper shall remit payment electronically for all amounts due LMM as set forth on the statement described in Section 4.2. If *** is a Saturday, Sunday or legal holiday, then payment shall be *** on a Day which is not a Saturday, Sunday or legal holiday.
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Payment by Shipper. (a) The Shipper must pay each invoice by electronic funds transfer to a bank account nominated by the Service Providers in the Instrument of Agreement relating to the Service or as otherwise notified to the Shipper from time to time, such payment to be made on or before the 20th Day of the following Month in respect to which the invoice is issued, or 15 Days after the Shipper receives the invoice, whichever is later. (b) The Shipper must pay the whole amount as stated on the invoice, without any set- off, deduction or withholding. (c) A payment is made when the Service Providers receive it, not when the Shipper sends it. (d) Unless otherwise agreed between the parties, all payments will be in Australian Dollars. (e) If a cheque or similar instrument the Shipper uses to pay is dishonoured, the payment will be taken to have never been made. (f) A payment due on a day that is not a Business Day is to be made on the Business Day immediately preceding the due date. (g) Subject to clause 22.4(a)(ii), a payment made pursuant to this clause 22 will not be a waiver of any right to dispute that payment.
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Payment by Shipper. (a) The Shipper must pay each invoice by electronic funds transfer to a bank account nominated by the Service Providers in the Annexure relating to the Service or as otherwise notified to the Shipper from time to time, such payment to be made on or before the 20th Day of the following Month in respect to which the invoice is issued, or 15 Days after the Shipper receives the invoice, whichever is later. (b) The Shipper must pay the whole amount as stated on the invoice, without any set- off, deduction or withholding. (c) A payment is made when the Service Providers receive it, not when the Shipper sends it.
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Payment by Shipper. (a) The Shipper must pay each invoice by electronic funds transfer to a bank account nominated by the Service Provider in the Annexure relating to the Service or as otherwise notified to the Shipper from time to time, such payment to be made on or before the 20th Day of the following Month in respect to which the invoice is issued, or 15 Days after the Shipper receives the invoice, whichever is later. (b) Subject to clause 20.4(a)(i), the Shipper must pay the whole amount as stated on the invoice, without any set-off, deduction or withholding. (c) A payment is made when the Service Provider receives it, not when the Shipper sends it. (d) Unless otherwise agreed between the parties, all payments will be in Australian Dollars. (e) If a cheque or similar instrument the Shipper uses to pay is dishonoured, the payment will be taken to have never been made. (f) A payment due on a day that is not a Business Day is to be made on the next Business Day immediately after the due date. (g) A payment made pursuant to this clause 20 will not be a waiver of any right to dispute that payment.
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Payment by Shipper. (a) The Shipper must pay each invoice by electronic funds transfer to a bank account nominated by the Service Provider in the Annexure relating to the Service or as otherwise notified to the Shipper from time to time, such payment to be made on or before the 20th Day of the following Month in respect to which the invoice is issued, or 7 Business Days after the Shipper receives the invoice, whichever is later (Payment Due Date). Notwithstanding the foregoing, the Service Provider shall not exercise its right under clause 18.3(g) to draw down or call upon the Adequate Assurance for non- compliance with this clause 20.3(a) unless payment remains outstanding for 4 Business Days after the Payment Due Date. (b) Subject to clause 20.4(a)(i), the Shipper must pay the whole amount as stated on the invoice, without any set-off, deduction or withholding. (c) A payment is made when the Service Provider receives it, not when the Shipper sends it. (d) Unless otherwise agreed between the parties, all payments will be in Australian Dollars. (e) If a cheque or similar instrument the Shipper uses to pay is dishonoured, the payment will be taken to have never been made. (f) A Payment Due Date that is not a Business Day is to be made on the next Business Day immediately after the Payment Due Date. (g) A payment made pursuant to this clause 20 will not be a waiver of any right to dispute that payment.
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Related to Payment by Shipper

  • Payment by Guarantor If all or any part of the Guaranteed Obligations shall not be punctually paid when due, whether at demand, maturity, acceleration or otherwise, Guarantor shall, immediately upon demand by Lender, and without presentment, protest, notice of protest, notice of non-payment, notice of intention to accelerate the maturity, notice of acceleration of the maturity, or any other notice whatsoever, pay in lawful money of the United States of America, the amount due on the Guaranteed Obligations to Lender at Lender’s address as set forth herein. Such demand(s) may be made at any time coincident with or after the time for payment of all or part of the Guaranteed Obligations, and may be made from time to time with respect to the same or different items of Guaranteed Obligations. Such demand shall be deemed made, given and received in accordance with the notice provisions hereof.

  • Payment by Tenant Tenant shall pay to Landlord, within fifteen (15) days after delivery by Landlord to Tenant of statements therefor: (i) sums equal to expenditures reasonably made and obligations incurred by Landlord in connection with Landlord’s performance or cure of any of Tenant’s obligations pursuant to the provisions of Section 19.2.3 above; and (ii) sums equal to all expenditures made and obligations incurred by Landlord in collecting or attempting to collect the Rent or in enforcing or attempting to enforce any rights of Landlord under this Lease or pursuant to law, including, without limitation, all legal fees and other amounts so expended. Tenant’s obligations under this Section 19.3 shall survive the expiration or sooner termination of the Lease Term.

  • Payment by Wire Transfer So long as any Purchaser or its nominee shall be the holder of any Note, and notwithstanding anything contained in Section 14.1 or in such Note to the contrary, the Company will pay all sums becoming due on such Note for principal, Make-Whole Amount, if any, interest and all other amounts becoming due hereunder by the method and at the address specified for such purpose below such Purchaser’s name in the Purchaser Schedule, or by such other method or at such other address as such Purchaser shall have from time to time specified to the Company in writing for such purpose, without the presentation or surrender of such Note or the making of any notation thereon, except that upon written request of the Company made concurrently with or reasonably promptly after payment or prepayment in full of any Note, such Purchaser shall surrender such Note for cancellation, reasonably promptly after any such request, to the Company at its principal executive office or at the place of payment most recently designated by the Company pursuant to Section 14.1. Prior to any sale or other disposition of any Note held by a Purchaser or its nominee, such Purchaser will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such Note to the Company in exchange for a new Note or Notes pursuant to Section 13.2. The Company will afford the benefits of this Section 14.2 to any Institutional Investor that is the direct or indirect transferee of any Note purchased by a Purchaser under this Agreement and that has made the same agreement relating to such Note as the Purchasers have made in this Section 14.2.

  • Payment by Guarantors Subject to Section 7.2, Guarantors hereby jointly and severally agree, in furtherance of the foregoing and not in limitation of any other right which any Beneficiary may have at law or in equity against any Guarantor by virtue hereof, that upon the failure of Borrower to pay any of the Guaranteed Obligations when and as the same shall become due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a)), Guarantors will upon demand pay, or cause to be paid, in Cash, to Administrative Agent for the ratable benefit of Beneficiaries, an amount equal to the sum of the unpaid principal amount of all Guaranteed Obligations then due as aforesaid, accrued and unpaid interest on such Guaranteed Obligations (including interest which, but for Borrower’s becoming the subject of a case under the Bankruptcy Code, would have accrued on such Guaranteed Obligations, whether or not a claim is allowed against Borrower for such interest in the related bankruptcy case) and all other Guaranteed Obligations then owed to Beneficiaries as aforesaid.

  • Assignment by Seller The Seller shall have the right, upon notice to but without the consent of the Servicer, to assign, in whole or in part (but exclusive of the Servicer’s rights and obligations as owner of the servicing rights relating to the Mortgage Loans), its interest under this Agreement to the Depositor, which in turn shall assign such rights to the Trustee, and the Trustee then shall succeed to all rights of the Seller under this Agreement. All references to the Seller in this Agreement shall be deemed to include its assignee or designee and any subsequent assignee or designee, specifically including the Trustee.