Payment/Credit. 4.1 At each enterprise there shall be written routines for sale on credit, with a list of those persons who are authorised to approve credit sales to guests/customers on behalf of the enterprise.
4.2 Skipping out Guidelines shall be agreed upon between the parties at the enterprise for cases where a guest leaves without paying the xxxx (skips out).
Payment/Credit. Unless stated otherwise in the Agreement, all payment shall be due within thirty (30) days of the date of each invoice, without discount. Any cash discount provided on the sale of the Products will only apply to the price of the Products and not to any other items, including without limitation, taxes, storage, freight or other similar items. All payments not received on the due date set forth herein, shall be charged an additional one and one-half percent (1 1/2 %) interest rate per month or the maximum amount allowed under applicable law. In addition, any collection costs incurred in collecting past-due invoices, including attorney’s fees, shall be the responsibility of Buyer. If Buyer fails to pay DSB in accordance with the payment terms set forth herein, or if, in the opinion of DSB, Buyer’s financial condition, or Buyer’s ability to perform under this Agreement, is impaired or unsatisfactory, then DSB, at its option and without prejudice to its other rights and remedies, may, without further notice to Buyer: (A) suspend performance, including any pending shipments, until all indebtedness is paid in full; and/or (B) place Buyer’s shipments on a cash-in-advance basis until arrangements are made for security or other assurances, satisfactory to DSB.
Payment/Credit. Buyer’s failure to make any payment when due shall entitle Seller to suspend further performance until Xxxxx has made such payment and pre-paid such other amounts as are deemed by Seller to be reasonable. Xxxxx agrees to pay the reasonable attorney’s fees and expenses incurred by Xxxxxx in collecting any payments hereunder.
Payment/Credit. Each installment of Base Rental Payments payable hereunder shall be paid in lawful money of the United States of America to or upon the order of the Authority at the principal corporate trust office of the Trustee in Los Angeles, California, or such other place as the Trustee shall designate. Any such installment of rental accruing hereunder which shall not be paid when due shall remain due and payable until received by the Trustee, except as provided in Section 5.04 hereof, and to the extent permitted by law shall bear simple interest at the rate of ten percent per annum from the date when the same is due hereunder until the same shall be paid. Notwithstanding any dispute between the City and the Authority, the City shall make all rental payments when due, without deduction or offset of any kind, and shall not withhold any rental payments pending the final resolution of any such dispute. In the event of a determination that the City was not liable for said rental payments or any portion thereof, said payments or excess of payments, as the case may be, shall, at the option of the City, be credited against subsequent rental payments due hereunder or be refunded at the time of such determination. Base Rental Payments required to be deposited by the City with the Trustee pursuant to this Section 5.01 on any date shall be reduced to the extent of amounts on deposit on such date in the Interest Account or the Principal Account held under the Indenture are available to make the payments of principal of and interest on the Bonds payable on the applicable Principal Payment Date or Interest Payment Date.
Payment/Credit. Contractor hereby agrees to pay the stated amounts of Service Level Credits to the Authority and further authorizes the Authority to deduct and offset the amount of such charges from moneys due Contractor under this Contract, computed as aforesaid. If the moneys due Contractor are insufficient or no moneys are due Contractor, Contractor shall pay the Authority the difference or the entire amount, whichever may be the case, within thirty (30) days after receipt of a written demand by the Authority Representative (or COTR). The Authority reserves the right to exercise rights or remedies (at law or in equity) conferred in this Contract (including this Section), subject to offset by amounts paid or credited as Service Level Credits. All rights and remedies in the Authority are cumulative of every other such right or remedy and may be exercised by the Authority concurrently or separately from time-to-time.
Payment/Credit. Each installment of Base Rental Payments payable hereunder shall be paid in lawful money of the United States of America to or upon the order of the Corporation at the Principal Corporate Trust Office of the Trustee, or such other place as the Trustee shall designate. Any such installment of rental accruing hereunder which shall not be paid when due shall remain due and payable until received by the Trustee, except as provided in Section 5.04 hereof, and shall bear interest at the rate of 10% per annum from the date when the same is due hereunder until the same shall be paid. Notwithstanding any dispute between the City and the Corporation, the City shall make all rental payments when due, without deduction or offset of any kind, and shall not withhold any rental payments pending the final resolution of any such dispute. In the event of a determination that the City was not liable for said rental payments or any portion thereof, said payments or excess of payments, as the case may be, shall, at the option of the City, be credited against subsequent rental payments due hereunder or be refunded at the time of such determination. Amounts required to be deposited by the City with the Trustee pursuant to this Section 5.01(d) on any date shall be reduced to the extent of amounts on deposit on such date in the Base Rental Fund, the Interest Fund, the Principal Fund or the Prepayment Fund.
Payment/Credit. 10.1 The Buyer shall pay LDCJS for delivered Products in compliance with the currency, form and conditions of payment specified in the Contract, without adjustments, discounts, deductions, set-off, or withholdings of any kind.
10.2 If payment is agreed by L/C then such L/C shall be in place on or before the date agreed between the Parties and if no such date is agreed then 10 (ten) days prior to the start of the Delivery Period. The L/C shall be for an amount sufficient to cover the mean price under the Contract plus 10 (ten) percent. All L/C charges are for the account of the Buyer. The L/C shall operate in accordance with its terms but no term within the L/C shall operate to vary the terms of the Contract unless expressly agreed by the Parties in writing.
10.3 The payment terms offered by LDCJS under the Contract are conditional upon the Buyer maintaining, as a minimum, its financial standing as determined by LDCJS or its advisors (or both) as at the date of the Contract (the “Financial Standing”). Notwithstanding any provision to the contrary in the Contract, in the event that LDCJS or its advisors determines, in their respective sole discretion, that the Financial Standing has changed or that the future performance of the Buyer is impaired in a manner to prevent, delay or hinder performance, then Seller may (i) suspend deliveries of Product, and/or (ii) require prepayment of Product by wire transfer at least two (2) business days prior to a scheduled Delivery Period, and/or (iii) require Performance Assurance at least three (3) business days prior to a scheduled Delivery Period, and/or (iv) accelerate any current open payment terms and demand prompt payment of all outstanding amounts. Buyer hereby waives written notice of any such action.
Payment/Credit. 2.4.1. Clause 12.1 of the Agreement is deleted in its entirety and replaced with the following: “The amounts payable by DeepGreen to Allseas and equity compensation to be issued pursuant to this Agreement are set forth on Annex 2.”
2.4.2. Clause 12.2 of the Agreement is deleted in its entirety.
2.4.3. In connection with the Credit Amount provided for pursuant to Section 2.4.4 below, Allseas agrees that the aggregate value of all the shares underlying the Warrant (as defined below) as of 6:00 PM Eastern Time on June 1, 2022 for the purposes of this Section 12 (the “Warrant Credit Value”), shall be determined as follows:
(i) if the shares underlying the Warrant (on an as-exercised basis) are traded on a national stock exchange, the aggregate value of such shares shall be equal to (x) the total number of shares underlying the Warrant multiplied by (y) the price per one share of the class and series of shares into which the Warrant is then exercisable (assuming for such purposes only that the Warrant is exercisable in full at such time) at the end of the trading day on June 1, 2022 as published by Bloomberg L.P. or any successor thereof (and if not available, by another internationally-recognized market data agency), and (ii) if the shares underlying the Warrant (on an as-exercised basis) are then not publicly traded, the aggregate value of such shares shall be equal to (x) the total number of shares underlying the Warrant multiplied by (y) the price per one share of the class and series of shares into which the Warrant is then exercisable (assuming for such purposes only that the Warrant is exercisable in full at such time) as determined by an independent valuer appointed by Allseas.
2.4.4. Allseas agrees that on the Vesting Date (as defined in the Warrant), automatically, and without any further action by Allseas, DGM, DeepGreen or any other person, DeepGreen and DGM shall be, and hereby are, entitled to the following aggregate amount from Allseas (the “Credit Amount”): (i) if the Warrant Credit Value is One Hundred Fifty Million U.S. Dollars ($150,000,000) or less, the Credit Amount shall be Zero Dollars ($0.00), and (ii) if the Warrant Credit Value shall be more than One Hundred Fifty Million U.S. Dollars ($150,000,000), the Credit Amount shall be equal to the excess of the Warrant Credit Value over One Hundred Fifty Million U.S. Dollars ($150,000,000). For illustration purposes only, (i) if the Warrant Credit Value shall be One Hundred Million U.S. Dollar...
Payment/Credit. 4.1 No credit facilities
Payment/Credit. 7.1.1. All reservations are payable 07 days before arrival at the latest, unless credit facilities are in place.
7.1.2. In the event of payment not received in advance, the Hotels reserve right to collect such payment from the guest directly upon check-out, at the Best Available Rate.
7.1.3. Where a Company arranges payment to the Hotel through a third party, the Company shall remain responsible for such accounts until full payment has been received by the Hotel.
7.1.4. The Company shall agree to assist the Hotel to compensate any and all damages incurred to the failure of the guest to pay to the Hotels service.
7.1.5. The Company shall pay interest on the outstanding amount of the invoice at the rate of 10 percent (10%), after first month 6 percent (6%) per month. Delay in payment may result in suspension or withdrawal of credit facilities.