Payment on Application Sample Clauses
The Payment on Application clause establishes that payments will be made based on formal requests or applications submitted by the party entitled to payment, typically after certain work milestones or periods. In practice, the payee submits an application detailing the work completed or services rendered, and the payer reviews and processes the payment according to the agreed schedule or upon approval of the application. This clause ensures a structured and transparent process for requesting and receiving payments, helping to prevent disputes over payment timing and amounts.
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Payment on Application. The Subscriber shall upon approval of the Offer pay to MTC an amount equal to a connection fee and a full month’s subscription charge as determined by MTC and notified to the Subscriber at the time of signature of the Offer. Future monthly subscription charges shall be payable monthly in advance, and MTC may require, in its exclusive discretion, the Subscriber to pay a deposit in an amount as determined by MTC, and which deposit shall be held on a non-interest-bearing account by MTC. At the expiration of this Agreement, all charges still outstanding at such date will be set-off against the said deposit. The remaining balance, if any, shall be refunded to the Subscriber. Any shortfall after set-off as aforesaid, shall be paid by the Subscriber within 7 (seven) days after the termination date of this Agreement.
Payment on Application. Each applicant for Bonds must pay to the Company, upon application, the Issue Price for the Bonds set out in his or her application for Bonds.