Payment of Advance Payment Sample Clauses

Payment of Advance Payment. 3.1 Your Advance Payment must be paid at the time of Accepting the Agreement by debit or credit card.
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Payment of Advance Payment. The advance payment shall be paid in accordance with the special contract terms, but shall be paid at least 7 days before the commencement date specified in the commencement notice. The advance payment shall be used for the purchase of materials, engineering equipment, construction equipment, the construction of temporary works, and the organization of construction teams to enter the site. Unless otherwise agreed in the special contract terms, the advance payment will be deducted from the progress payment in the same proportion. If the contract is terminated in advance before the project acceptance certificate is issued, the advance payment that has not been deducted should be settled together with the contract price. If the employer fails to pay the advance payment within 7 days after the due date, the contractor shall have the right to issue a reminder to the employer requesting the advance payment. If the employer still fails to pay within 7 days after receiving the reminder, the contractor shall have the right to suspend construction and proceed in accordance with Item 16.1.1 [Breach of Contract by the Employer].
Sample 1
Payment of Advance Payment. The Seller shall provide the following documents within 20 days after receiving the written notice specified in Clause A of Article 19.1 in the contract. The Seller shall pay 10% (28,858,500 Yuan, RMB twenty eight million eight hundred and fifty eight thousand and five hundred) of the total equipment price in this contract to the Seller as the advance payment within 4 weeks after checking there is no error:
Sample 1

Related to Payment of Advance Payment

  • Advance Payment The right to indemnification conferred in this Article VII shall include the right to be paid or reimbursed by the Company the reasonable expenses incurred by a Person of the type entitled to be indemnified under Section 7.3 who was, is or is threatened to be made a named defendant or respondent in a Proceeding in advance of the final disposition of the Proceeding and without any determination as to the Person’s ultimate entitlement to indemnification; provided, however, that the payment of such expenses incurred by any such Person in advance of the final disposition of a Proceeding shall be made only upon delivery to the Company of a written affirmation by such Person of his or her good faith belief that he has met the standard of conduct necessary for indemnification under Article VII and a written undertaking, by or on behalf of such Person, to repay all amounts so advanced if it shall ultimately be determined that such indemnified Person is not entitled to be indemnified under this Article VII or otherwise.

  • Repayment of Advances If the identity of the Servicer shall change, the predecessor Servicer shall be entitled to receive reimbursement for outstanding and unreimbursed Simple Interest Advances made pursuant to Section 4.4 by the predecessor Servicer.

  • Advance Payments Payments made by the Borrower to satisfy future installments must be accounted for as prepaid installments of principal and interest. The Servicer should contact the Borrower if there is a question about the Borrower's intention in making any unscheduled payment.

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