Common use of PAYMENT OF THE DONATION Clause in Contracts

PAYMENT OF THE DONATION. SMC will electronically transfer the Donation (except for the accrual) to the Group’s bank account within thirty (30) days after the conclusion of the event(s) contracted in the Volunteer Group Agreement or within fifteen (15) days following the SMC fiscal accounting period. In addition to the Donation payment, the Group will receive a summary showing the calculation of the Donation. The Group has thirty (30) days after receipt of a Donation payment to bring to the attention of SMC any claims regarding the calculation of the amount of the Donation. Any claims not raised by the Group during such thirty (30) day period shall be deemed to be waived by the Group. IT IS THE RESPONSIBILITY OF THE GROUP LEADER TO NOTIFY SMC OF ANY CHANGE TO THE GROUP ADDRESS OR BANK ACCOUNT OR ANY DONATION PAYMENT NOT RECEIVED.

Appears in 4 contracts

Samples: Volunteer Group Participating Agreement, Volunteer Group Participating Agreement, Volunteer Group Participating Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!