Payment in Quarterly Installments Sample Clauses

Payment in Quarterly Installments. The Annual Fee may be paid in four equal quarterly installments, which payments are due and payable in advance on or before the tenth day prior to the first day of each calendar quarter (i.e., the first day of January, April, July, and October) during the Term. Payment of the first quarterly installment under this Agreement is due, in advance, upon signing of this Agreement. Quarterly installments shall be due and payable, without notice or demand, on the due dates set forth above. Failure to timely pay a quarterly installment of the Annual Fee shall result in immediate termination of this Agreement on the last day of the calendar quarter for which payment was last made by Alternative Member. In addition, as consideration for reinstatement of the license under this Agreement or for entering into a new agreement to use the Recreation Facilities in the future, Alternative Member shall pay any quarterly installment of an Annual Fee not paid by Alternative Member during the Term. If the Agreement date is other than the first day of a calendar quarter, the Annual Fee for the first partial calendar quarter shall be pro-rated on a daily basis for such partial quarter based on number of days remaining in that calendar quarter.
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Payment in Quarterly Installments. The Annual Fee may be paid in four equal quarterly installments, which payments are due and payable in advance on or before the tenth day prior to the first day of each calendar quarter (i.e. the first day of January, April, July and October) during the Term. Payment of the first quarterly installment under this Agreement is due, in advance, upon signing of this Agreement. Quarterly installments shall be due and payable, without notice or demand, on the due dates set forth above. Failure to timely pay a quarterly installment of the Annual Fee shall result in immediate termination of this Agreement on the last day of the calendar quarter for which payment was last made by Business Member. In addition, as consideration for reinstatement of the license under this Agreement or for entering into a new agreement to use the Recreation Facilities in the future, Business Member shall pay any quarterly installment of an Annual Fee not paid by Business Member during the Term. If the Agreement date is other than the first day of a calendar quarter, the Annual Fee for the first partial calendar quarter shall be prorated on a daily basis for such partial quarter based on number of days remaining in that calendar quarter.
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Related to Payment in Quarterly Installments

  • Quarterly Payments H3.15 The quarterly payment cannot be increased in cases of target over-achievement. The payments are given on cumulative outputs, in arrears, and therefore the maximum payment available will be given by the end of the Contract if the agreed (target) number of outputs is reached or exceeded.

  • Minimum Payment Due Your Minimum Payment Due is listed on your Statement and equals the lesser of: • the amount of your New Balance, or • the greater of: • $30, or • 3% of the amount you owe, or • the sum of Finance Charges accrued since the last Billing Cycle (including Interest Charges and Transaction Fees), plus any Penalty Fees, Annual Fees (if applicable), and one-time fees that have been posted to your Account, plus 1% of the amount you owe. Making only the Minimum Payment Due will increase the amount of interest you pay and the time it takes to repay your balance.

  • Recurring Instalment Payments 15.1 Where you have a Citibank ATM/Debit Card which allows you to make Card Transactions:

  • Maximum Payment The maximum period or aggregate of periods of accident make-up pay to be made by an Employer will be a total of 39 weeks for any one injury.

  • Payment Due Date Unless City notifies the Contractor that a dispute exists, Payment shall be made within [Enter number of days, generally ≥ 30] calendar days, measured from (1) the delivery of goods and/or the rendering of services or (2) the date of receipt of the invoice, whichever is later. Payment is deemed to be made on the date on which City has issued a check to Contractor or, if Contractor has agreed to electronic payment, the date on which City has posted electronic payment to Contractor.

  • Installment Payments Notwithstanding Section 3.01, the Executive may elect by written notice to receive any payments due to him hereunder by way of periodic or installment payments.

  • Installments For purposes of Section 409A of the Code (including, without limitation, for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), Executive’s right to receive any installment payments under this Agreement shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment.

  • Leave Allowed Before Due Date 7.1.10(a) An employer may allow an employee to take annual leave either wholly or partly in advance before the leave becomes due. In such case, a further period of annual leave will not commence to accrue until after the expiration of the 12 months in respect of which the annual leave or part of it had been taken before it accrued.

  • Payment Due Dates Whenever any payment hereunder shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or facility fee, as the case may be; provided, however, that if such extension would cause payment of interest on or principal of LIBO Rate Advances or Floating Rate Bid Advances to be made in the next following calendar month, such payment shall be made on the immediately preceding Business Day.

  • Payment Due Dates and Interest Should the Owner fail to pay a proper invoice within thirty calendar days of receipt, the Design Professional shall notify the Owner in writing by Certified or Statutory mail. If the Owner fails to pay within five business days of receipt of the notice, the Design Professional shall receive, in addition the sum named in the proper invoice, interest thereon at the rate of one half (½) percent per month on the unpaid balance as may be due.

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