Payment Terms and Guarantee Sample Clauses

Payment Terms and Guarantee. Licensee and the Designee(s), as applicable, shall pay all correct invoices for amounts due in accordance with Section 5.2 above within thirty (30) days from the postmark date or date of transmission by facsimile, as applicable, of Licensor’s invoice. Neither the postmark date nor the facsimile transmission date of Licensor’s invoice for the purchase price for the Martek Products will be deemed to be earlier than the date of delivery of such Martek Products. For any invoices containing invoicing errors, such dates, with respect to the incorrect portions of the invoice only, are extended until the invoicing errors are corrected and a new invoice, with respect to the incorrect portions on the original invoice, is received by Licensee. In order to induce Licensor to fill orders for the Martek Products placed by the Designees, Licensee hereby assumes responsibility for, and unconditionally guarantees, the timely payment of amounts due from the Designees (the “Guaranteed Obligations”) promptly upon receipt from Licensor of notice of nonpayment of any such amount. Licensor shall not be required, prior to any such notice to Licensee, to pursue or exhaust any of its rights or remedies against a defaulting Designee with respect to performance of any Guaranteed Obligation.
Sample 1Sample 2
Payment Terms and Guarantee. In consideration of the Society providing the services as outlined in all Part 2 - Facilities Request Form(s) pertaining to the Licensee, the undersigned guarantees to the Society the due payment and discharge of all liabilities of the Licensee whether incurred before or after the date hereof, as per the Booking Status and Payment Schedule agreed upon by the parties. The Society shall have the right at any time to refuse further credit to the Licensee and/or to extend the time for payment to the Licensee with interest charged to the balance owing at 2% compounded monthly from the date the liability was due. This guarantee shall be a continuing guarantee, and shall cover all liabilities, which the Licensee may incur on the security of this guarantee. This guarantee shall be valid notwithstanding any change or changes in the name of the said Licensee, or any change or changes in the membership of the said Licensee.
Sample 1
Payment Terms and Guarantee. Licensee, its Affiliates and the Designee(s), as applicable, shall pay all correct invoices for amounts due in the United States in U.S. dollars in accordance with Section 5.2 above and in accordance with Exhibit 4 within * from the postmark date, date of transmission by facsimile or other electronic means, as applicable, of Martek’s invoice, which invoice shall not be deemed to be delivered earlier than the date of delivery of the invoiced Martek Products. For any invoices containing invoicing errors, payment shall not be due, with respect to the incorrect portions of the invoice only, until the invoicing errors are corrected and a new invoice, with respect to the incorrect portions on the original invoice, is received by Licensee. In order to induce Martek to fill orders for the Martek Products placed by Licensee’s Affiliates and the Designees, Licensee hereby assumes responsibility for, and unconditionally guarantees, the timely payment of amounts due from Licensee’s Affiliates and the Designees which are not reasonably disputed in good faith by such party (the “Guaranteed Obligations”) promptly upon receipt from Martek of notice of nonpayment of any such amount. Martek shall not be required, prior to any such notice to Licensee, to pursue or exhaust any of its rights or remedies against a defaulting Affiliate or Designee with *The asterisk denotes that confidential portions of this exhibit have been omitted in reliance on Rule 24b-2 of the Securities Exchange Act of 1934. The confidential portions have been submitted separately to the Securities and Exchange Commission. respect to performance of any Guaranteed Obligation, or to provide any additional notice.
Sample 1

Related to Payment Terms and Guarantee

  • Payment Terms and Conditions 67.6.1 CLEC shall pay a Transit Service Charge as set forth in Table 1 for any Transit Traffic routed to CenturyLink by CLEC. 67.6.2 CLEC shall be responsible for payment of Transit Service charges on Transit Traffic routed to CenturyLink by CLEC and for any charges assessed by the terminating carrier. CLEC agrees to enter into traffic exchange agreements with third-parties prior to routing any Transit Traffic to CenturyLink for delivery to such third parties, and CLEC will indemnify, defend and hold harmless the Transit Service provider against any and all charges levied by such third-party terminating carrier with respect to Transit Traffic, including but not limited to, termination charges related to such traffic and attorneys’ fees and expenses.

  • Payment Terms and Funding Out Clause 1 Payment Terms:

  • Payment Terms and Billing (1) Payment shall be made only after the Client Agency receives and accepts the Goods or Services and after it receives a properly completed invoice. Unless otherwise specified in the Contract, payment for all accepted Goods or Services shall be due within forty-five (45) days after acceptance of the Goods or Services, or thirty (30) days if the Contractor is a certified small contractor or minority business enterprise as defined in Conn. Gen.

  • Agreement Terms The terms of the Agreement conform to University policy. The period of performance for the project is approximately one (1) year. The amount of funding support will not exceed $200,000. Since research projects are often amended, this agreement includes provisions for changes in time and scope. University procedures for approval of these changes will be followed and additional conflict of interest review will be done as appropriate.

  • SETTLEMENT TERMS AND CONDITIONS Without admitting or denying the Department’s findings, Associated is willing to resolve the violations cited herein and in the visitation report by entering into this Agreement and freely and voluntarily waives its right to a hearing under Banking Law Sections 44 and 598 on such violations. Therefore, in consideration of the promises and covenants set forth herein: 1. Associated agrees to take all necessary steps to ensure its compliance with all applicable federal and state laws, regulations, and supervisory requirements relating to its mortgage business, including, but not limited to: a. complying with the requirements of Article 12-D and Article 12-E of the Banking Law, Section 420 of the Superintendent’s Regulations, and Part 38 of the General Regulations; and b. ensuring that its MLOs who conduct mortgage origination activities are licensed pursuant to Article 12-E of the Banking Law and Section 420 of the Superintendent’s Regulations; c. ensuring that its MLOs do not mislead consumers as to their license status; and d. ensuring that its MLOs do not share their unique identifier with any other individual or entity; and e. ensuring that its non-MLO staff does not engage in mortgage activities that require a license; and f. ensuring that its non-MLO staff does not have access to any mortgage loan origination system, software, and documents, and they do not utilize a MLOs unique identifier; and g. ensuring that its books and records, specifically the application logs, are in compliance with Section 410.7 of the Superintendent’s Regulation. 2. Associated agrees to continue to further develop appropriate written compliance policies and procedures designed to ensure compliance with all applicable federal and state laws, regulations, supervisory requirements and guidance letters. The policies and procedures shall, at a minimum: (i) designate an individual responsible for monitoring compliance with all applicable federal and state laws, regulations, supervisory requirements and guidance letters; and (ii) establish a training program to ensure that Associated and its MLO and non-MLO employees understand all applicable federal and state laws, regulations, supervisory requirements and guidance letters. 3. Within ninety (90) days from the effective date of this Agreement, Associated agrees to submit a draft of its compliance policies and procedures to the Department. 4. Within one hundred twenty (120) days from the effective date of this Agreement, Associated agrees to submit a copy of its final compliance policies and procedures to the Department together with a letter from an authorized officer of Associated indicating his/her approval of such policies and procedures. 5. Associated agrees to pay a fine of $ $25,000 payable in two (2) equal installments as follows: $12,500 upon execution of this Agreement $12,500 within 30 days after the execution of this Agreement. 6. Associated further agrees that such payment will be made in immediately available funds in accordance with the Department’s payment instructions.

  • CONTRACT TERMS AND CONDITIONS This section sets forth the terms and conditions of the Contract.

  • Other Terms and Conditions of Employment Where an assessment has been made, the applicable percentage shall apply to the wage rate only. Employees covered by the provisions of the clause will be entitled to the same terms and conditions of employment as all other employees covered by this Agreement paid on a pro-rata basis.

  • Amendment Terms All revisions to this Agreement may only be made by written amendment executed by both parties and approved by the Office of the Attorney General prior to the end date of this Agreement.

  • ACCEPTANCE OF CONTRACT/TERMS AND CONDITIONS (a) This Contract integrates, merges, and supersedes any prior offers, negotiations, and agreements concerning the subject matter hereof and constitutes the entire agreement between the parties. (b) SELLER's acknowledgment, acceptance of payment, or commencement of performance, shall constitute SELLER's unqualified acceptance of this Contract. (c) Unless expressly accepted in writing by LOCKHEED XXXXXX, additional or differing terms or conditions proposed by SELLER or included in SELLER's acknowledgment are objected to by LOCKHEED XXXXXX and have no effect. (d) The headings used in this Contract are inserted for the convenience of the parties and shall not define, limit, or describe the scope or the intent of the provisions of this Contract.

  • Terms and Conditions of Sales Shares shall be offered for sale only in those jurisdictions where they have been properly registered or are exempt from registration or for which appropriate notice filings have been made, and only to those groups of people which the Board may from time to time determine to be eligible to purchase such shares.