Payment when Due Sample Clauses
The "Payment when Due" clause establishes the obligation for parties to make payments promptly by the specified due date outlined in the contract. In practice, this means that invoices or other payment requests must be settled within the agreed timeframe, such as 30 days from receipt, and failure to do so may result in penalties or interest charges. This clause ensures timely cash flow, reduces disputes over payment timing, and provides a clear standard for when financial obligations must be fulfilled.
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Payment when Due. The Borrowers will duly and punctually pay or cause to be paid all amounts required to be paid by them to the Lenders pursuant to this Agreement or any of the other Credit Facility Documents or any Treasury Contract, including principal, interest, stamping fees, fees for Contingent Payment Letters, Commitment Fees, other fees and expenses and any other amounts, at the times, in the currencies and in the manner set forth herein or therein.
Payment when Due. (1) In case of late payment of the instalment or other amounts due according to the agreement, fees with the addition of a default interest of 1.15 % per month or part thereof will accrue until payment takes place.
(2) The customer may not do any set-off against the instalment, exercise a lien on the machine or refuse payment due to a delay, complaint or counter-claim regarding the specific or any other delivery. Such set-off or retention will be considered material breach of the agreement.
Payment when Due. The Corporation will duly and punctually pay or cause to be paid to the holder of every Debenture the principal thereof and interest accrued thereon (including, in the case of default, interest on the amount in default) on the dates and at the places, in the currency and in the manner specified herein and in such Debenture and shall duly and punctually pay or cause to be paid all other amounts required to be paid by it to the Trustee and the Debentureholders pursuant to this Indenture or any of the other Debenture Documents at the times, in the currencies and in the manner set forth herein or therein.
Payment when Due. The Borrowers shall pay all sums of money when due by them to the Lenders under the Notes and under this Agreement.
Payment when Due. The Franchisee shall pay when due all taxes levied or assessed by reason of the Franchisee's possession, ownership or operation of the Franchised Restaurant or items loaned to the Franchisee by BKC including any value added tax. In the event of any bona fide dispute as to the liability for a tax assessed against it, the Franchisee may contest the validity or the amount of the tax in accordance with the procedures of the taxing authority, however, the Franchisee shall not permit a tax sale or seizure against the premises or equipment.
Payment when Due. Duly and punctually pay or cause to be paid all amounts required to be paid by it to the Administrative Agent, the Collateral Agent and/or the Investors pursuant to the Loan Documents, including principal, interest, fees, premiums, breakage costs, other fees and expenses and any other amounts, at the times, in the currencies and in the manner set forth herein or therein.
Payment when Due. The Customer is liable for all Hire and other charges incurred by or at the request of the Agent on its behalf. The Customer agrees that the existence of an Agent does not affect the obligation of the Customer under the Corporate Account Terms and Conditions (the Terms and Conditions), and in particular does not affect or limit the obligation of the Customer to ensure that amounts payable in each invoice rendered by Ezi Car Rental are paid by the 20th day of the month following the month covered by the applicable invoice, as set out in clause 16 of the Terms and Conditions.