PAYMENT BY THE SHIPPER Sample Clauses

PAYMENT BY THE SHIPPER. Payment of an invoice for any Month must be made at the latest on the twentieth (20th) of the month following the Month in question, or on the tenth (10th) calendar day after its date of issue, if this second date for payment falls later. If the latest date as specified above is a bank holiday in France or in the country where the Shipper’s bank is established, the latest date for payment is moved to the next banking day. No discount is granted for an early payment. A payment is deemed to have been made once GRTgaz’s bank account has been credited with the full amount of the invoice. In the event of late payment of all or part of an invoice, the sums due shall bear interest at a rate equal to the twelve (12) month EURIBOR index calculated on a monthly average and expressed in percentage, as published by the Banque de France, plus two (2) percentage points, as applied to the exact number of days elapsed from the date payment was due and the date settlement of the invoice was actually effected, plus forty (40) Euros for covering fees in accordance with the clause D.441-5 of the French “code de commerce”. The Shipper has a period of sixty (60) calendar days from the date of receipt of the invoice to question the amount invoiced, beyond which the invoice shall be deemed accepted. Notwithstanding any issue raised by the Shipper pursuant to the preceding paragraph, the Shipper shall pay the full amount invoiced as provided above, unless an obvious material error has been made by GRTgaz. Any adjustment to a disputed invoice shall bear interest on the basis of a rate equal to the interbank one (1) month rate within the euro zone (1 month Euribor) for the last month in the quarter preceding the month the invoice was issued, calculated according to the exact number of days elapsed between the deadline for the initial payment as defined in this Clause 10 and the date of final payment.
Sample 1Sample 2Sample 3See All (8)
AutoNDA by SimpleDocs
PAYMENT BY THE SHIPPER. Payment of an invoice for any Month must be made by latest the twentieth (20th) of the month following the Month in question, or by the tenth (10th) calendar day after its date of issue, if this second above is a bank holiday in France or in the country in which the Shipper’s bank is established as stated in the Special Terms and Conditions, the latest date for payment is moved to the next banking day. No discount is given for early payment. A payment is deemed to have been made once GRTgaz’s bank account has been credited with the full amount of the invoiced amount. In the event of late payment of all or part of an invoice, the sums due shall bear interest at twice the legal rate, counted by the exact number of days elapsed from the date payment was due and the date settlement of the invoice was actually effected, plus thirty (30) euros for administrative fees. The Shipper has a period of sixty (60) calendar days from the date of receipt of the invoice in which to dispute the amount. Beyond that period, the invoice is deemed to have been accepted. In the event that the Shipper disputes all or part of the amount of an invoice, he must nevertheless pay the full amount of the invoice under the above-stated conditions, unless it is a matter of any obvious error by GRTgaz. Any adjustment to a disputed invoice shall bear interest on the basis of a rate equal to the interbank one (1) month rate within the euro zone (Euribor 1 month) for the last month in the quarter preceding the month the invoice was issued, calculated according to the exact number of days elapsed between the date at the latest of the initial payment as defined in Section 3 and the date of final payment. Where appropriate, at the same time as GRTgaz issues the invoice in accordance with Clause 58 above, it issues a statement addressed to the Shipper, including the amounts due by GRTgaz under the terms of Clause 47 for the Month M-1. Then, the Shipper issues the invoice addressed to GRTgaz, relating to the amounts due by GRTgaz under the terms of Clause 47 of the General Terms and Conditions for the Month M-1. Payment is made by GRTgaz by the tenth (10th) calendar day after the date of receipt of the invoice, provided that it strictly conforms to the statement specified in the first paragraph of Clause 59. If the latest date as specified above is a bank holiday in France, the latest date for payment is moved to the next banking day in France. The Price specified in the Contract is exclusive of a...
Sample 1
PAYMENT BY THE SHIPPER. Payment of an invoice for any Month must be made at the latest on the twentieth (20th) of the month following the Month in question, or on the tenth (10th) calendar day after its date of issue, if this second date for payment falls later. If the latest date as specified above is a bank holiday in France or in the country where the Shipper’s bank is established, the latest date for payment is moved to the next banking day. No discount is granted for an early payment. A payment is deemed to have been made once GRTgaz’s bank account has been credited with the full amount of the invoice. In the event of late payment of all or part of an invoice, the sums due shall bear interest at a rate equal to three
Sample 1

Related to PAYMENT BY THE SHIPPER

  • Assignment by the Seller The Seller shall assign (exclusive of the Seller’s rights arising under Section 8.02(iii) and 8.03), 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.

  • Assignment by the Seller or the Servicer Notwithstanding anything to the contrary contained herein, except as provided in Sections 6.04 and 7.03 of this Agreement and as provided in the provisions of this Agreement concerning the resignation or termination of the Servicer, this Agreement may not be assigned by the Seller or the Servicer.

  • Assignment by the Company The rights, interests or obligations of the Company hereunder may not be assigned, by operation of law or otherwise, in whole or in part, by the Company without the prior written consent of the Investor.

  • Clean-Up Terminations by the Sellers (a) The Sellers shall have the right to elect to terminate this Agreement in the event that the remaining Serviced Appointments have generated LTM Fee Revenue that is less than 5% of the aggregate fee revenue generated by all Appointments that are Serviced Appointments as of January 1, 2024 in the twelve-month period prior to January 1, 2024. (b) In the event the Sellers elect to terminate this Agreement pursuant to clause (a) above, the Sellers shall, concurrently with such termination, pay to the Purchasers an amount equal to LTM Fee Revenue multiplied by 1.40. (c) For purposes of this Agreement, “LTM Fee Revenue” means the fee revenue (excluding net interest income but including money market fund fees) generated by all remaining Serviced Appointments in the last full twelve-month period prior to the time the Sellers elect to exercise their termination right pursuant to this Section 7.2.2.

  • Deliveries by the Seller At the Closing, the Seller shall deliver or cause to be delivered to the Purchasing Parties: (a) an Instrument of Assignment and Bxxx of Sale substantially in the form attached as Exhibit A, duly executed by the Seller (the "Instrument of Assignment and Bxxx of Sale"); (b) a special warranty deed ("Deed") in recordable form relating to the Owned Real Property substantially in the form attached as Exhibit B; (c) a Trademark Assignment substantially in the form attached as Exhibit C (the "Trademark Assignment") and a Patent Assignment substantially in the form attached as Exhibit D (the "Patent Assignment"), each duly executed by the Seller; (d) an Assumption Agreement substantially in the form attached as Exhibit E (the "Assumption Agreement"), duly executed by the Seller; (e) a Transition Services Agreement substantially in the form attached as Exhibit F (the "Transition Services Agreement"), duly executed by the Seller; (f) a License Agreement substantially in the form attached as Exhibit G (the "License Agreement"), duly executed by the Seller; (g) a certificate, dated the Closing Date and signed by a senior officer of the Seller, certifying the satisfaction of the conditions set forth in Section 9.2(a), Section 9.2(b) and Section 9.2(c); (h) a certificate of good standing of the Seller from the Secretary of State of the State of Delaware; (i) a certificate of the Secretary of the Seller certifying as accurate and complete as of the Closing certain resolutions adopted by the Board of Directors of the Seller approving the execution and delivery of this Agreement and each Ancillary Agreement and the consummation of the Transactions; (j) UCC termination statements, if any, and any other necessary documents that, when filed on the Closing Date, will be sufficient to release all Liens (other than Permitted Liens) on the Assets; (k) a certificate of non-foreign status as provided in U.S. Department of Treasury Regulation Section 1.1445-2(b); and (l) all other previously undelivered documents required to be delivered by the Seller to the Purchasing Parties at or prior to the Closing pursuant to this Agreement.

  • Assignment by the Depositor or the Servicer Notwithstanding anything to the contrary contained herein, except as provided in Sections 6.04 and 7.03 herein and as provided in the provisions of this Agreement concerning the resignation of the Servicer, this Agreement may not be assigned by the Depositor or the Servicer.

  • Actions by the Sellers Upon termination of the Agreement (or any portion thereof) in accordance with this Article II, with respect to any Serviced Appointment subject to such termination, the Sellers may (A) terminate, or consent to the termination of, any Serviced Corporate Trust Contract relating to such Serviced Appointment, (B) sell, transfer, assign, or otherwise dispose of any such Serviced Appointment, or resign (or consent to removal) from any such Serviced Appointment, or (C) agree to do any of the foregoing.

  • Assignment by the Executive This Agreement will inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. If the Executive dies while any amount would still be payable to him hereunder had he continued to live, all such amounts, unless otherwise provided herein, will be paid in accordance with the terms of this Agreement to the Executive’s Beneficiary. If the Executive has not named a Beneficiary, then such amounts will be paid to the Executive’s devisee, legatee, or other designee, or if there is no such designee, to the Executive’s estate, and such designee, or the Executive’s estate will be treated as the Beneficiary hereunder.

  • Advances by the Servicer If, on any Determination Date, the Servicer determines that any Monthly Payments due on the immediately preceding Due Date have not been received, the Servicer shall, unless it determines in its sole discretion that such amounts will not be recoverable from Late Collections, Liquidation Proceeds or otherwise, make an Advance on or before the related Distribution Date in an amount equal to the amount of such delinquent Monthly Payments, after adjustment of any delinquent interest payment for the Servicing Fee. For purposes of this Section 6.03, the delinquent Monthly Payments referred to in the preceding sentence shall be deemed to include an amount equal to the Monthly Payments that would have been due on Mortgage Loans which have been foreclosed or otherwise terminated and in connection with which the Servicer acquired and continues to own the Mortgaged Properties on behalf of the Certificateholders. If the Servicer makes an Advance, it shall on or prior to such Distribution Date either (i) deposit in the Collection Account an amount equal to such Advance, (ii) cause to be made an appropriate entry in the records of the Collection Account that funds in such account being held for future distribution or withdrawal have been, as permitted by this Section 6.03, used by the Servicer to make such Advance or (iii) make Advances in the form of any combination of clauses (i) and (ii) aggregating the amount of such Advance. Any funds being held in the Collection Account for future distribution to Certificateholders and so used pursuant to clause (ii) or (iii) above shall be replaced by the Servicer from its own funds by deposit into the Collection Account on or before any subsequent Distribution Date to the extent that funds in the Collection Account on such Distribution Date shall be less than the amount of payments required to be made to Certificateholders on such Distribution Date. Any such Advance shall be included with the distribution to the Certificateholders on the related Distribution Date. If the Servicer determines not to make a Nonrecoverable Advance, it shall on the related Determination Date furnish to the Trustee, any co-trustee, and each Rating Agency notice of such determination. The Servicer shall be entitled to be reimbursed from the Collection Account for all Advances and Nonrecoverable Advances as provided in Section 5.09.

  • Termination by the Sellers The Sellers may terminate the Agreement in the event either Purchaser or the Guarantor (if any of the proceedings with respect to the Guarantor in the following clauses (i) through (iv) below would reasonably be expected to impair the ability of either Purchaser to perform its obligations under the Agreement (including Article 8 of the Agreement and this Annex A) fully and on a timely basis) (i) becomes the subject of any bankruptcy or other proceeding relating to its liquidation or insolvency (if not dismissed within sixty (60) days of initial filing), or is the subject of a receivership or conservatorship, (ii) files a voluntary petition in bankruptcy or similar proceeding or admits in writing its inability to pay its debts as they become due, (iii) makes a general assignment for the benefit of creditors, or (iv) files a petition or an answer seeking reorganization or an arrangement with creditors.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!