Payment Terms on Flow-Through Payments Sample Clauses
The Payment Terms on Flow-Through Payments clause defines how and when payments received by one party, intended for a third party, must be passed along. Typically, this clause requires the intermediary to promptly transfer funds to the ultimate recipient upon receipt, and may specify timelines, documentation, or conditions for such transfers. Its core function is to ensure transparency and timely distribution of funds, preventing delays or misuse when payments are routed through an intermediary.
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Payment Terms on Flow-Through Payments. Flow-Through Payments shall be paid within sixty (60) days of the last day of the Calendar Quarter in which Distributor sells Product. Such payment shall be accompanied by a report of sales of the Product for the quarter in the format requested by Auxilium. Payments not made within the sixty (60) day time period, or otherwise as specifically provided for herein, shall bear interest after the due date at the lesser of (i) the maximum rate allowed by law and (ii) the prime rate ** CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND WILL BE FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A CONFIDENTIAL TREATMENT REQUEST. (as it may be set from time to time) set forth in the Wall Street Journal, plus two (2) percentage points. Unless otherwise requested by Auxilium, all payments shall be made by wire transfer and be in US dollars.