Payment & Interest. (a) The City shall pay the Contractor, after the submission of proper invoices or vouchers, the prices stipulated in this contract for supplies delivered and accepted or services rendered and accepted, less any deductions provided in this contract. Unless otherwise specified herein, including the purchase order, payment shall not be made on partial deliveries accepted. (b) Unless otherwise agreed, payment will be made by check mailed to the address appearing on the purchase order form. (c) Notwithstanding any other provision, payment shall be made in accordance with S.C. Code Section 11-35-45, or Chapter 6 of Title 29 (real property improvements) when applicable, which provides the Contractor’s exclusive means of recovering any type of interest from the Owner. Contractor waives imposition of an interest penalty unless the invoice submitted specifies that the late penalty is applicable. Except as set forth in this paragraph, the State shall not be liable for the payment of interest on any debt or claim arising out of or related to this contract for any reason. (d) Amounts due to the State shall bear interest at the rate of interest established by the South Carolina Comptroller General pursuant to Section 11-35-45 (“an amount not to exceed fifteen percent each year”), as amended, unless otherwise required by Section 29-6-30. (e) Any other basis for interest, including but not limited to general (pre- and post- judgment) or specific interest statutes, including S.C. Code Xxx. Section 34-31-20, are expressly waived by both parties. If a court, despite this agreement and waiver, requires that interest be paid on any debt by either party other than as provided by items (c) and (d) above, the parties further agree that the applicable interest rate for any given calendar year shall be the lowest prime rate as listed in the first edition of the Wall Street Journal published for each year, applied as simple interest without compounding. (f) The State shall have all of its common law, equitable and statutory rights of set-off.
Payment & Interest. 6.1 The mode of payment will be either advance or through the Letter of Credit, with all Bank charges on openers‟ account.
Payment & Interest. (a) The State shall pay the Contractor, after the submission of proper invoices or vouchers, the prices stipulated in this contract for supplies delivered and accepted or services rendered and accepted, less any deductions provided in this contract. Unless otherwise specified herein, including the purchase order, payment shall not be made on partial deliveries accepted by the Government. (b) Unless otherwise provided herein, including the purchase order, payment will be made by electronic funds transfer (EFT). See clause titled “EFT Information.” (c) Notwithstanding any other provision, payment shall be made in accordance with S.C. Code Section 11-35-45, or Chapter 6 of Title 29 (real property improvements) when applicable, which provides the Contractor's exclusive means of recovering any type of interest from the Owner. Contractor waives imposition of an interest penalty unless the invoice submitted specifies that the late penalty is applicable. Except as set forth in this paragraph, the State shall not be liable for the payment of interest on any debt or claim arising out of or related to this contract for any reason. (d) Amounts due to the State shall bear interest at the rate of interest established by the South Carolina Comptroller General pursuant to Section 11-35-45 ("an amount not to exceed fifteen percent each NASPO ValuePoint PARTICIPATING ADDENDUM EQUIPMENT RENTAL SERVICES Lead by the State of Vermont
Payment & Interest. The Indemnifying Party shall make any payment required to be made under this Article in cash and on demand. Any Losses or other payments required to be paid by an Indemnifying Party under this Article which are not paid within five business days of receipt by the Indemnifying Party of the Indemnified Party's demand therefor shall thereafter be deemed delinquent, and the Indemnifying Party shall pay to the Indemnified Party immediately upon demand interest at the highest non-usurious rate per annum allowed by applicable law from the date such payment becomes delinquent to the date of payment of such delinquent sums.
Payment & Interest. Interest shall accrue on the Loan in accordance with the provisions of the Note. Borrower shall repay the Loan, together with interest thereon, in accordance with the provisions of the Note. The principal balance outstanding under the Note, together with interest thereon and all other fees and expenses owed pursuant to the Loan Documents, shall be due and payable in full on the Maturity Date.
Payment & Interest. 5.13.1 All payments to be made by a Party to the other Party under this Agreement shall be made in United States dollars by wire transfer in immediately available funds to Portions of this Exhibit, indicated by the xxxx “[***],” were omitted and have been filed separately with the Securities and Exchange Commission pursuant to the Registrant’s application requesting confidential treatment pursuant to Rule 406 of the Securities Act of 1933, as amended such bank account designated in writing by the receiving Party from time to time. Payments shall be free and clear of any taxes (other than withholding and other taxes imposed on the receiving Party, which shall be for the account of such Party), fees or charges, to the extent applicable. With respect to payments in currencies other than United States dollars, payments shall be calculated based on currency exchange rates for the month in which the invoice is received. For each month and each currency, such exchange rate shall equal the arithmetic average of the daily exchange rates for such month listed in The Wall Street Journal, Eastern United States Edition, or, if not so available, as otherwise agreed by the Parties.
Payment & Interest. (a) The State shall pay the Contractor, after the submission of proper invoices or vouchers, the prices stipulated in this contract for supplies delivered and accepted or services rendered and accepted, less any deductions provided in this contract. Unless otherwise specified herein, including the purchase order, payment shall not be made on partial deliveries accepted by the Government. (b) Unless otherwise provided herein, including the
Payment & Interest. Interest shall be payable at each of the following ---------------- times: (a) if at the Prime Rate or the As-Offered Fixed Rate, on the first day of each month, payable in arrears, beginning June 1, 1996 until the end of the As-Offered Fixed Rate Period specified in each Notification or May 29, 2000, the maturity date; and (b) if at the LIBOR Rate, at the end of each LIBOR Rate Period specified in each Notification. Undersigned understands and agrees that any payments of principal, interest or other sums required under this Note may be deducted on the due date, without notice by Bank, from any deposit account maintained by Undersigned with Bank.
Payment & Interest. (a) The Authority shall pay Contractor, after the submission of proper invoices or vouchers, the prices stipulated in the Agreement for goods delivered and accepted or services rendered and accepted, less any deductions provided in the Agreement. Unless otherwise specified herein, including the order, payment shall not be made on partial deliveries accepted by the Authority. (b) Unless prearranged by the Authority, all payments will be NET 30 and payments will be issued within 30 days from the date a proper invoice has been received and the goods or services have been accepted as satisfactory by the ordering department. (c) Notwithstanding any other provision, payment shall be made in accordance with S.C. Code Section 11-35-45, or Chapter 6 of Title 29 (real property improvements) when applicable, which provides the Contractor’s exclusive means of recovering any type of interest from the Authority. Contractor waives imposition of an interest penalty unless the invoice submitted specifies that the late penalty is applicable. Except as set forth in this paragraph, the Authority shall not be liable for the payment of interest on any debt or claim arising out of or related to the Agreement for any reason. RELATIONSHIP OF THE PARTIES: Neither party is an employee, agent, partner or joint venturer of the other. Except as explicitly set forth in the Agreement, neither party has the right or ability to bind the other to any agreement with a third party or incur any obligation or liability on behalf of the other party. PUBLIC RECORDS: Contractor acknowledges that the Authority is a public body, subject to South Carolina’s public records laws and that any documents related to the Agreement may be subject to disclosure pursuant to the South Carolina Freedom of Information Act (S.C. Code Sections 30-4-10 to 30-4-55). Once an order is issued by the Authority, all related solicitation documents submitted to the Authority, including, but not limited to, quotations, proposals, bids, statements of work, and/or specifications, will be open to the inspection of any citizen, or any interested person, firm or corporation. If Contractor believes that documents related to the Agreement contain trade secrets or other proprietary data, Contractor must separately mark with the word "CONFIDENTIAL" every page, or portion thereof, that Contractor contends contains information that is exempt from public disclosure because it is either (a) a trade secret as defined in South Carolina Cod...
Payment & Interest. 6.1 The Client agrees to pay any amount due to EAFT by the Client hereunder (including any amounts paid to the Authority by EAFT with its own funds which should have been, but were not, Collected Amounts as defined in Clause 21.3) as they become due or on demand by EAFT in immediately available or freely transferable funds in the relevant currency on the relevant due dates for payment. Without prejudice and in addition to Clause 21.3, EAFT is authorized by the Client to debit any of the Client’s accounts, whether held by EAFT or its associated company, to pay any amount due to EAFT pursuant to the Terms (including any amounts paid to the Authority by EAFT with its own funds which should have been, but were not, Collected Amounts as aforesaid) or any transaction effected hereunder.
