Payment of Instalments. 4.1 The Hirer shall promptly pay to the Owner the Instalments on or before its due date, without any demand being made for the same by the Owner.
4.2 The Hirer hereby agrees and acknowledges that the Owner shall be entitled to impose and demand from Hirer the late payment charges for the failure of the Hirer to make: i) payment of any instalment due and/or sum covenanted to be paid by the Hirer to the Owner; and/or ii) payment upon expiry or cancellation of the facility;
4.3 The late payment charges will be calculated at the rate below: a) Prior to maturity date Late payment Charges Rate : 1% per annum calculated on daily basis. On the Amount : i. On the overdue instalments, to be calculated after the due date until full settlement of the overdue instalments; and/or ii. On the outstanding balance, to be calculated from the date of cancellation until full settlement of the outstanding balance.
Payment of Instalments. You must repay the loan amount together with interest, fees and charges as stated in the quotation. If you do not make any payment on the due date or if we pay any amount on your behalf and we include this in the outstanding balance, we have the right to alter the monthly payments to such amounts as we determine to ensure that your loan is repaid in the same period as stated in the quotation. If your bank account is closed, inaccessible or has insufficient funds to service the debit order, we may apply the debit order to any bank account that you may have with us, subject to the provisions of the NCA. If you cancel the debit order authorisation, you must choose another payment method acceptable to us and notify us immediately. If you choose another payment method other than debit order, receipt of payment will be at your risk until we receive and process the payment. You may prepay any amount owed to us at any time and we will allocate the payment as follows:
Payment of Instalments. The first instalment of Rent must be paid on the Commencing Date.
Payment of Instalments. (a) In performance of the Purchaser’s obligations under sub-clause 3.2(b) the Purchaser will provide to the Vendor the Standby Letters of Credit.
(b) The Purchaser’s obligation to pay each Instalment to the Vendor will be fully satisfied by the provision of the relevant Standby Letter of Credit for that Instalment under this document.
(c) The Vendor may only demand payment under a Standby Letter of Credit in relation to the relevant Instalment on the relevant Instalment Payment Date.
(d) The Purchaser must deliver to the Vendor’s solicitors (Darrer Xxxx Xxxxxxx), by email or facsimile, a sample copy of the Standby Letters of Credit by no later than 12:00 noon on Tuesday, 29 June, 2004 Australian eastern standard time. A copy of one of the Standby Letters of Credit will suffice on the understanding that the other Standby Letters of Credit will be in the same form other than any appropriate changes of applicable dates.
Payment of Instalments. You must repay the loan amount together with interest, fees and charges as stated in the quotation. The payment may, in our discretion, be fulfilled through the authenticated mandate collection system or any other collection system that we may choose to use. If you do not pay on the due date or if we pay any amount on your behalf and we include this in the outstanding balance, we have the right to alter the monthly payments to amounts that we determine to ensure that your loan is repaid in the same period as stated in the quotation. If your bank account is closed, inaccessible or has insufficient funds to service the debit order, we may apply the debit order to any bank account that you may have with us, subject to the provisions of the NCA. If you cancel the debit order authority, you must choose another payment method acceptable to us and notify us immediately. If you choose a payment method other than debit order, receipt of payment will be at your risk until we receive and process the payment.
Payment of Instalments. We will pay each Instalment to You, subject to the terms of this Agreement, within 30 days of receipt of a correctly rendered Tax Invoice.
Payment of Instalments. If by the conditions of allotment of any shares the whole or any part of the amount of the issue price thereof shall be payable by instalments every such instalment shall, when due, be paid to the Company by the person who for the time being shall be the registered holder of the share or his personal representatives, but this provision shall not affect the liability of any allottee who may have agreed to pay the same.
Payment of Instalments. The Hirer shall promptly pay to the Owner the Instalments on or before its due date, without any demand being made for the same by the Owner. In the event the Hirer delays in punctual payment of any of the instalments on the date the same is due, the Hirer shall also pay the Default Interest to the Owner at the rate of 8% per annum calculated on a daily basis on the defaulted amount from the date of the default up to the date of the actual payment, including after: (a) any recovery legal proceedings has been taken by the Owner against the Hirer; and (b) any judgment had been entered against the Hirer in such recovery legal proceedings. The Hirer's liability to pay the Instalments shall continue despite any defects / breakdown / loss / loss of use / damage to the Vehicle / for any other reason the Hirer is not in possession control / use of the Vehicle. All payments to be made by the Hirer to the Owner under this Agreement shall be in Ringgit Malaysia, free of any charges/ set-off and shall be made to the Owner at the Owner's address as stated in the Schedule. The time of receipt of any payment made by the Hirer to the Owner shall be the time when the Owner actually receives the payment. Any payments made by cheque / other payment instruments shall deem to be received only after the cheque / payment instrument has been cleared. When any payment is received from the Hirer, the Owner shall be entitled to appropriate first the same towards any part of the Amount Due, although the Hirer may purport to pay them as any of the Instalments due. If the Hirer makes payment through any payment channels of the Owner, after the Owner has taken recovery action / enforcement proceedings against the Hirer for any sums due to the Owner, such payments are accepted only on without prejudice basis to the rights of the Owner to proceed further with the recovery action / enforcement proceedings against the Hirer.
Payment of Instalments. By paying each Instalment (which may change as Interest Rates change), you will repay the Facility Amount (together with interest) over the Term. Unless you have a Revolving Credit Facility or unless otherwise agreed with us, any amount repaid under a Facility Agreement will not be available for re-borrowing.
Payment of Instalments