Payment Matters Clause Samples

Payment Matters. The Monthly Charges shall be invoiced monthly, within fifteen (15) days after the end of the applicable month, in arrears in a single statement for each applicable Noble Rig and separate statements for any Non-Brazil Rig Personnel Charges (each a “Monthly Statement” and, collectively, the “Monthly Statements”) prepared by the Service Provider or an Affiliate and shall be in the form set forth in Exhibit E hereto. Service Recipient (as specified in the applicable Monthly Statement) shall pay the amount set forth in the applicable Monthly Statement to a Paragon Group entity designated by the Paragon Group Service Coordinator in the applicable invoice (which shall initially be PONBV or Limitada, as applicable) no later than thirty (30) days after the Noble Group’s receipt of such Monthly Statement (each date of such payment, a “Monthly Payment Date”). Each Monthly Statement shall set forth in reasonable detail, for the calendar month covered by such Monthly Statement: (i) the applicable Rig Invoice for such calendar month, (ii) any applicable credit or debit for exchange rate differences in respect of the preceding Monthly Statement and (iii) any Advance Amounts received with respect to such calendar month (as defined below) that are to be credited against the Monthly Charges. In addition, a Monthly Statement shall be provided that includes an invoice for any applicable Non-Brazil Rig Personnel Charges for such calendar month. All amounts shown on the Monthly Statements will be denominated in Brazilian Reals and paid in either Brazilian Reals or US Dollars, at the Service Recipient’s option, by wire transfer of immediately available funds. If payment is made in US Dollars, the Service Provider shall, or shall cause, all amounts received in payment to be to be converted into Brazilian Reals within three (3) Business Days of receipt of the payment. To the extent that the Real to Dollar conversion rate on the date the Service Provider converts the applicable payment into Brazilian Reals differs from the conversion rate on the applicable Monthly Payment Date, the Service Provider shall reflect such difference as an additional charge (if the value of the Real against the Dollar rises) or credit (if the value of the Dollar against the Real rises), as the case may be, on the following month’s Monthly Statement; provided, however, that the Service Provider will not be entitled to add any additional charges (if applicable) in respect of any conversion rate differences...

Payment Matters. Very truly yours, THE BOEING COMPANY By /s/ ▇.▇. ▇▇▇▇▇▇ ------------------------------------- Its Attorney-In-Fact ACCEPTED AND AGREED TO this Date: , 2006 ------------------------- CHINA EASTERN AIRLINES CORPORATION, LTD. By /s/ Luo Chaogeng ------------------------------------- Its ------------------------------------ CHINA EASTERN AVIATION IMPORT & EXPORT CORPORATION By /s/ Fan Erning ------------------------------------- Its ------------------------------------

Payment Matters. All payments to any Combined Lender hereunder shall be made to it, to the extent practicable, in accordance with the provisions of the relevant Combined Credit Agreement.

Payment Matters. If your Payment Method fails or your account is past due, Devokr reserves the right to either suspend or terminate your use of the Services. If Devokr has agreed to issue invoices to you, payment of all invoices is due within 14 days of invoice receipt. You agree to submit in writing to Devokr any disputes regarding any fees invoiced to you within 14 days of invoice receipt, and any disputes regarding any fees charged to your Payment Method within 60 days of such charge, otherwise such dispute will be waived and such invoices and charges will be final and not subject to challenge. Devokr reserves the right to charge you interest at a rate of 1.5% per month on any overdue amounts, or the maximum rate permitted by applicable law, whichever is lower. You will also reimburse any reasonable costs and expenses (including reasonable attorneys’ fees) incurred by Devokr to collect any undisputed amount that is not paid when due. All fees and charges are nonrefundable and there are no refunds or credits for any partially used Services except (i) as expressly set forth in this Agreement, the Pricing Page, or an executed Order Form or Statement of Work between you and us;

Payment Matters. Except as set forth on Schedule 4.13, (i) to Seller’s Knowledge, Seller is not obligated under any contract or agreement containing a take-or-pay, advance payment, prepayment, or similar provision, or under any gathering, transmission, or any other contract or agreement with respect to any of the Assets to sell, gather, deliver, process, or transport any Hydrocarbons without then or thereafter receiving full payment therefor. (ii) except for Suspense Funds, to Seller’s Knowledge, all Royalties payable by Seller, and any other similar burdens on production due by Seller under or with respect to the Assets and Hydrocarbons produced therefrom or attributable thereto, have been properly and timely paid in all material respects. (iii) with respect to the Oil and Gas Properties that are in pay status, to Seller’s Knowledge, no share of proceeds to which Seller is entitled from or in connection with the sale of Hydrocarbons produced from such Oil and Gas Properties is currently (i) being held in suspense by the applicable operator or payor (excluding any instances where such amounts are being held in suspense solely in anticipation of receiving executed division orders) or (ii) incorrectly netted or paid to any Third Party or other Person.

Payment Matters. If any payment hereunder is in default, the Supplier shall have the right (which rights shall be non-exclusive, cumulative of and additional to all other remedies) to defer further deliveries and the provision of other Services until all payments in default have been made.

Payment Matters. (i) As used herein, the "Accelerated Earn-Out Amount" shall mean (A) with respect to an Accelerated Earn-Out Event occurring in calendar year 1997, the Accelerated Earn-Out Amount shall be * ; and (B) with respect to an Accelerated Earn-Out Event occurring in calendar year 1998, the Accelerated Earn-Out Amount shall be the sum of (X) the actual amount of unpaid 1997 Additional Purchase Consideration, if any, and (Y) an amount for calendar year 1998 equal to * of the difference between (I) * of PTPECNI as reflected in the 1998 Business Plan for ASM and (II) the actual PTPECNI for calendar year 1997.

Payment Matters. Payments will be made within 30 calendar days following the end of the month in which the invoice is received (this is the due date of the invoice). The invoiced Party shall pay the invoicing Party by direct transfer to the stated bank account. Within the scope of this Article, an invoice will be considered received on the third Working Day following the date when the invoice was sent (postmark will serve as proof in case of a paper invoice sent by post – in case of an electronic invoice the date the invoice was submitted in the electronic system or sent by email will apply). Any objection regarding the amount of an invoice must, in order to be admissible, be sent by registered letter to the invoicing Party before the due date of the disputed invoice as set above. The reasons for the objection shall be described as comprehensibly and in as much detail as is reasonably possible. If the value of the invoice is disputed, the undisputed part of the invoice shall still be paid. The Parties will discuss in good faith in order to reach an agreement on the disputed amount of the invoice within thirty (30) Working Days of the receipt of the registered letter, failure of which Art. I.13 will apply.

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