Common use of Payments and Advances Clause in Contracts

Payments and Advances. 1.6.1 Upon approval of any Work Program and Budget, if Paltar so requests, Nation shall advance its share of estimated cash requirements for the succeeding month's operations. Each such Cash Call shall be equal to Paltar's estimate of the money to be spent in the currencies required to perform its duties under the Work Program and Budget during the month concerned. For informational purposes the Cash Call shall contain an estimate of the funds required for the succeeding two months detailed by the categories designated in the Work Program and Budget. 1.6.2 Each such cash Call, detailed by the categories designated in the Work Program and Budget, shall be made in writing and delivered to Nation not less than 15 days before the payment due date. The due date for payment of such advances shall be set by Paltar but shall be no sooner than the first day of the month for which the advances are required. All advances shall be made without bank charges. Any charges related to receipt of advances from Nation shall be borne by Nation. 1.6.3 Nation shall wire transfer its share of the full amount of each Cash Call to Paltar on or before the due date, in the currencies requested or any other currencies acceptable to Paltar at a bank designated by Paltar. If currency provided by Nation is other than the requested currency, then the entire cost of converting to the requested currency shall be charged to Nation. 1.6.4 Notwithstanding the provisions of clause 1.6.2 of this Accounting Procedure, should Paltar be required to pay any sums of money for Operations which were unforeseen at the time estimates were provided to Nation, Paltar may make a written request of Nation for special advances covering Nation' share of such payments. Each such Nation shall make its proportional special advances within ten days after receipt of such notice. 1.6.5 If Nation's advances exceed its share of cash expenditures, the next succeeding cash advance requirements, after such determination, shall be reduced accordingly. However, if the amount of such excess advance is greater than the amount of the next month's estimated cash requirements for such Nation, Nation may request a refund of the difference, which refund shall be made by Paltar within ten days after receipt of Nation's request provided that the amount is in excess of twenty five thousand Australian dollars (A$25,000.00). 1.6.6 If Nation's advances are less than its share of cash expenditures, the deficiency shall, at Paltar's option, be added to subsequent cash advance requirements or be paid by Nation within ten days following the receipt of Paltar's billing to Nation for such deficiency. 1.6.7 If, under the provisions of the Agreement, Paltar is required to segregate funds received from the Parties, any interest received on such funds shall be applied against the next succeeding Cash Call. 1.6.8 If Paltar does not ask Nation to advance its share of estimated cash requirements, Nation shall pay its share of cash expenditures within 10 days following receipt of Paltar's billing. 1.6.9 Payments of advances or xxxxxxxx shall be made on or before the due date. If these payments are not received by the due date the unpaid balance shall bear and accrue interest from the due date until the payment is received by Paltar at the Agreed Interest Rate. For the purpose of determining the unpaid balance and interest owed, Paltar shall translate to Australian currency all amounts owed in other currencies using the currency exchange rate determined in accordance with clause 1.4.3 at the close of the last business day prior to the due date for the unpaid balance. 1.6.10 Subject to governmental regulation, Paltar shall have the right, at any time and from time to time, to convert the funds advanced or any part thereof to other currencies to the extent that such currencies are then required for operations. The cost of any such conversion shall be charged to the Operating Account. 1.6.11 Paltar shall endeavour to maintain funds held for the Operating Account in bank accounts at a level consistent with that required for the prudent conduct of Operations. 1.6.12 If under the Agreement, Paltar is required to segregate funds received from or for the Operating Account, the provisions under this clause 1.6 for payments and advances by Nation shall apply also to Paltar.

Payments and Advances. 1.6.1 Upon approval of any Work Program and Budget, if Paltar so requests, Nation shall advance its share of estimated cash requirements for the succeeding month's operations. Each such Cash Call shall be equal to Paltar's estimate of the money to be spent in the currencies required to perform its duties under the Work Program and Budget during the month concerned. For informational purposes the Cash Call shall contain an estimate of the funds required for the succeeding two months detailed by the categories designated in the Work Program and Budget. 1.6.2 Each such cash Call, detailed by the categories designated in the Work Program and Budget, shall be made in writing and delivered to Nation not less than 15 days before the payment due date. The due date for payment of such advances shall be set by Paltar but shall be no sooner than the first day of the month for which the advances are required. All advances shall be made without bank charges. Any charges related to receipt of advances from Nation shall be borne by Nation. 1.6.3 Nation shall wire transfer its share of the full amount of each Cash Call to Paltar on or before the due date, in the currencies requested or any other currencies acceptable to Paltar at a bank designated by Paltar. If currency provided by Nation is other than the requested currency, then the entire cost of converting to the requested currency shall be charged to Nation. 1.6.4 Notwithstanding the provisions of clause 1.6.2 of this Accounting Procedure, should Paltar be required to pay any sums of money for Operations which were unforeseen at the time estimates were provided to Nation, Paltar may make a written request of Nation for special advances covering Nation' share of such payments. Each such Nation shall make its proportional special advances within ten days after receipt of such notice. 1.6.5 If Nation's advances exceed its share of cash expenditures, the next succeeding cash advance requirements, after such determination, shall be reduced accordingly. However, if the amount of such excess advance is greater than the amount of the next month's estimated cash requirements for such Nation, Nation may request a refund of the difference, which refund shall be made by Paltar within ten days after receipt of Nation's request provided that the amount is in excess of twenty five thousand Australian dollars (A$A$ 25,000.00). 1.6.6 If Nation's advances are less than its share of cash expenditures, the deficiency shall, at Paltar's option, be added to subsequent cash advance requirements or be paid by Nation within ten days following the receipt of Paltar's billing to Nation for such deficiency. 1.6.7 If, under the provisions of the Agreement, Paltar is required to segregate funds received from the Parties, any interest received on such funds shall be applied against the next succeeding Cash Call. 1.6.8 If Paltar does not ask Nation to advance its share of estimated cash requirements, Nation shall pay its share of cash expenditures within 10 days following receipt of Paltar's billing. 1.6.9 Payments of advances or xxxxxxxx bxxxxxxx shall be made on or before the due date. If these payments are not received by the due date the unpaid balance shall bear and accrue interest from the due date until the payment is received by Paltar at the Agreed Interest Rate. For the purpose of determining the unpaid balance and interest owed, Paltar shall translate to Australian currency all amounts owed in other currencies using the currency exchange rate determined in accordance with clause 1.4.3 at the close of the last business day prior to the due date for the unpaid balance. 1.6.10 Subject to governmental regulation, Paltar shall have the right, at any time and from time to time, to convert the funds advanced or any part thereof to other currencies to the extent that such currencies are then required for operations. The cost of any such conversion shall be charged to the Operating Account. 1.6.11 Paltar shall endeavour to maintain funds held for the Operating Account in bank accounts at a level consistent with that required for the prudent conduct of Operations. 1.6.12 If under the Agreement, Paltar is required to segregate funds received from or for the Operating Account, the provisions under this clause 1.6 for payments and advances by Nation shall apply also to Paltar.

Payments and Advances. 1.6.1 Upon approval of any Work Program and Budget, if Paltar so requests, Nation shall advance its share of estimated cash requirements for the succeeding month's operations. Each such Cash Call shall be equal to Paltar's estimate of the money to be spent in the currencies required to perform its duties under the Work Program and Budget during the month concerned. For informational purposes the Cash Call shall contain an estimate of the funds required for the succeeding two months detailed by the categories designated in the Work Program and Budget. 1.6.2 Each such cash Call, detailed by the categories designated in the Work Program and Budget, shall be made in writing and delivered to Nation not less than 15 days before the payment due date. The due date for payment of such advances shall be set by Paltar but shall be no sooner than the first day of the month for which the advances are required. All advances shall be made without bank charges. Any charges related to receipt of advances from Nation shall be borne by Nation. 1.6.3 Nation shall wire transfer its share of the full amount of each Cash Call to Paltar on or before the due date, in the currencies requested or any other currencies acceptable to Paltar at a bank designated by Paltar. If currency provided by Nation is other than the requested currency, then the entire cost of converting to the requested currency shall be charged to Nation. 1.6.4 Notwithstanding the provisions of clause Clause 1.6.2 of this Accounting Procedure, should Paltar be required to pay any sums of money for Operations which were unforeseen at the time estimates were provided to Nation, Paltar may make a written request of Nation for special advances covering Nation' share of such payments. Each such Nation shall make its proportional special advances within ten days after receipt of such notice. 1.6.5 If Nation's advances exceed its share of cash expenditures, the next succeeding cash advance requirements, after such determination, shall be reduced accordingly. However, if the amount of such excess advance is greater than the amount of the next month's estimated cash requirements for such Nation, Nation may request a refund of the difference, which refund shall be made by Paltar within ten days after receipt of Nation's request provided that the amount is in excess of twenty five thousand Australian dollars (A$A$ 25,000.00). 1.6.6 If Nation's advances are less than its share of cash expenditures, the deficiency shall, at Paltar's option, be added to subsequent cash advance requirements or be paid by Nation within ten days following the receipt of Paltar's billing to Nation for such deficiency. 1.6.7 If, under the provisions of the Agreement, Paltar is required to segregate funds received from the Parties, any interest received on such funds shall be applied against the next succeeding Cash Call. 1.6.8 If Paltar does not ask Nation to advance its share of estimated cash requirements, Nation shall pay its share of cash expenditures within 10 days following receipt of Paltar's billing. 1.6.9 Payments of advances or xxxxxxxx bxxxxxxx shall be made on or before the due date. If these payments are not received by the due date the unpaid balance shall bear and accrue interest from the due date until the payment is received by Paltar at the Agreed Interest Rate. For the purpose of determining the unpaid balance and interest owed, Paltar shall translate to Australian currency all amounts owed in other currencies using the currency exchange rate determined in accordance with clause Clause 1.4.3 at the close of the last business day prior to the due date for the unpaid balance. 1.6.10 Subject to governmental regulation, Paltar shall have the right, at any time and from time to time, to convert the funds advanced or any part thereof to other currencies to the extent that such currencies are then required for operations. The cost of any such conversion shall be charged to the Operating Account. 1.6.11 Paltar shall endeavour to maintain funds held for the Operating Account in bank accounts at a level consistent with that required for the prudent conduct of Operations. 1.6.12 If under the Agreement, Paltar is required to segregate funds received from or for the Operating Account, the provisions under this clause Clause 1.6 for payments and advances by Nation shall apply also to Paltar.

Payments and Advances. 1.6.1 Upon approval of any Work Program and Budget, if Paltar Officer so requests, Nation shall advance its share of estimated cash requirements for the succeeding month's operations. Each such Cash Call shall be equal to PaltarOfficer's estimate of the money to be spent in the currencies required to perform its duties under the Work Program and Budget during the month concerned. For informational purposes the Cash Call shall contain an estimate of the funds required for the succeeding two months detailed by the categories designated in the Work Program and Budget. 1.6.2 Each such cash Call, detailed by the categories designated in the Work Program and Budget, shall be made in writing and delivered to Nation not less than 15 days before the payment due date. The due date for payment of such advances shall be set by Paltar Officer but shall be no sooner than the first day of the month for which the advances are required. All advances shall be made without bank charges. Any charges related to receipt of advances from Nation shall be borne by Nation. 1.6.3 Nation shall wire transfer its share of the full amount of each Cash Call to Paltar Officer on or before the due date, in the currencies requested or any other currencies acceptable to Paltar Officer at a bank designated by PaltarOfficer. If currency provided by Nation is other than the requested currency, then the entire cost of converting to the requested currency shall be charged to Nation. 1.6.4 Notwithstanding the provisions of clause 1.6.2 of this Accounting Procedure, should Paltar Officer be required to pay any sums of money for Operations which were unforeseen at the time estimates were provided to Nation, Paltar Officer may make a written request of Nation for special advances covering Nation' share of such payments. Each such Nation shall make its proportional special advances within ten days after receipt of such notice. 1.6.5 If Nation's advances exceed its share of cash expenditures, the next succeeding cash advance requirements, after such determination, shall be reduced accordingly. However, if the amount of such excess advance is greater than the amount of the next month's estimated cash requirements for such Nation, Nation may request a refund of the difference, which refund shall be made by Paltar Officer within ten days after receipt of Nation's request provided that the amount is in excess of twenty five thousand Australian dollars (A$A$ 25,000.00). 1.6.6 If Nation's advances are less than its share of cash expenditures, the deficiency shall, at PaltarOfficer's option, be added to subsequent cash advance requirements or be paid by Nation within ten days following the receipt of PaltarOfficer's billing to Nation for such deficiency. 1.6.7 If, under the provisions of the Agreement, Paltar Officer is required to segregate funds received from the Parties, any interest received on such funds shall be applied against the next succeeding Cash Call. 1.6.8 If Paltar Officer does not ask Nation to advance its share of estimated cash requirements, Nation shall pay its share of cash expenditures within 10 ten days following receipt of PaltarOfficer's billing. 1.6.9 Payments of advances or xxxxxxxx shall be made on or before the due date. If these payments are not received by the due date the unpaid balance shall bear and accrue interest from the due date until the payment is received by Paltar Officer at the Agreed Interest Rate. For the purpose of determining the unpaid balance and interest owed, Paltar Officer shall translate to Australian currency all amounts owed in other currencies using the currency exchange rate determined in accordance with clause 1.4.3 at the close of the last business day prior to the due date for the unpaid balance. 1.6.10 Subject to governmental regulation, Paltar Officer shall have the right, at any time and from time to time, to convert the funds advanced or any part thereof to other currencies to the extent that such currencies are then required for operations. The cost of any such conversion shall be charged to the Operating Account. 1.6.11 Paltar Officer shall endeavour to maintain funds held for the Operating Account in bank accounts at a level consistent with that required for the prudent conduct of Operations. 1.6.12 If under the Agreement, Paltar Officer is required to segregate funds received from or for the Operating Account, the provisions under this clause 1.6 for payments and advances by Nation shall apply also to PaltarOfficer.

Payments and Advances. 1.6.1 Upon approval of any Work Program and Budget, if Paltar Officer so requests, Nation shall advance its share of estimated cash requirements for the succeeding month's operations. Each such Cash Call shall be equal to PaltarOfficer's estimate of the money to be spent in the currencies required to perform its duties under the Work Program and Budget during the month concerned. For informational purposes the Cash Call shall contain an estimate of the funds required for the succeeding two months detailed by the categories designated in the Work Program and Budget. 1.6.2 Each such cash Call, detailed by the categories designated in the Work Program and Budget, shall be made in writing and delivered to Nation not less than 15 days before the payment due date. The due date for payment of such advances shall be set by Paltar Officer but shall be no sooner than the first day of the month for which the advances are required. All advances shall be made without bank charges. Any charges related to receipt of advances from Nation shall be borne by Nation. 1.6.3 Nation shall wire transfer its share of the full amount of each Cash Call to Paltar Officer on or before the due date, in the currencies requested or any other currencies acceptable to Paltar Officer at a bank designated by PaltarOfficer. If currency provided by Nation is other than the requested currency, then the entire cost of converting to the requested currency shall be charged to Nation. 1.6.4 Notwithstanding the provisions of clause 1.6.2 of this Accounting Procedure, should Paltar Officer be required to pay any sums of money for Operations which were unforeseen at the time estimates were provided to Nation, Paltar Officer may make a written request of Nation for special advances covering Nation' share of such payments. Each such Nation shall make its proportional special advances within ten days after receipt of such notice. 1.6.5 If Nation's advances exceed its share of cash expenditures, the next succeeding cash advance requirements, after such determination, shall be reduced accordingly. However, if the amount of such excess advance is greater than the amount of the next month's estimated cash requirements for such Nation, Nation may request a refund of the difference, which refund shall be made by Paltar Officer within ten days after receipt of Nation's request provided that the amount is in excess of twenty five thousand Australian dollars (A$A$ 25,000.00). 1.6.6 If Nation's advances are less than its share of cash expenditures, the deficiency shall, at PaltarOfficer's option, be added to subsequent cash advance requirements or be paid by Nation within ten days following the receipt of PaltarOfficer's billing to Nation for such deficiency. 1.6.7 If, under the provisions of the Agreement, Paltar Officer is required to segregate funds received from the Parties, any interest received on such funds shall be applied against the next succeeding Cash Call. 1.6.8 If Paltar Officer does not ask Nation to advance its share of estimated cash requirements, Nation shall pay its share of cash expenditures within 10 days following receipt of PaltarOfficer's billing. 1.6.9 Payments of advances or xxxxxxxx bxxxxxxx shall be made on or before the due date. If these payments are not received by the due date the unpaid balance shall bear and accrue interest from the due date until the payment is received by Paltar Officer at the Agreed Interest Rate. For the purpose of determining the unpaid balance and interest owed, Paltar Officer shall translate to Australian currency all amounts owed in other currencies using the currency exchange rate determined in accordance with clause 1.4.3 at the close of the last business day prior to the due date for the unpaid balance. 1.6.10 Subject to governmental regulation, Paltar Officer shall have the right, at any time and from time to time, to convert the funds advanced or any part thereof to other currencies to the extent that such currencies are then required for operations. The cost of any such conversion shall be charged to the Operating Account. 1.6.11 Paltar Officer shall endeavour to maintain funds held for the Operating Account in bank accounts at a level consistent with that required for the prudent conduct of Operations. 1.6.12 If under the Agreement, Paltar Officer is required to segregate funds received from or for the Operating Account, the provisions under this clause 1.6 for payments and advances by Nation shall apply also to PaltarOfficer.

Payments and Advances. 1.6.1 Upon approval of any Work Program and Budget, if Paltar so requests, Nation shall advance its share of estimated cash requirements for the succeeding month's operations. Each such Cash Call shall be equal to PaltarPxxxxx's estimate of the money to be spent in the currencies required to perform its duties under the Work Program and Budget during the month concerned. For informational purposes the Cash Call shall contain an estimate of the funds required for the succeeding two months detailed by the categories designated in the Work Program and Budget. 1.6.2 Each such cash Call, detailed by the categories designated in the Work Program and Budget, shall be made in writing and delivered to Nation not less than 15 days before the payment due date. The due date for payment of such advances shall be set by Paltar but shall be no sooner than the first day of the month for which the advances are required. All advances shall be made without bank charges. Any charges related to receipt of advances from Nation shall be borne by Nation. 1.6.3 Nation shall wire transfer its share of the full amount of each Cash Call to Paltar on or before the due date, in the currencies requested or any other currencies acceptable to Paltar at a bank designated by Paltar. If currency provided by Nation is other than the requested currency, then the entire cost of converting to the requested currency shall be charged to Nation. 1.6.4 Notwithstanding the provisions of clause 1.6.2 of this Accounting Procedure, should Paltar be required to pay any sums of money for Operations which were unforeseen at the time estimates were provided to Nation, Paltar may make a written request of Nation for special advances covering Nation' share of such payments. Each such Nation shall make its proportional special advances within ten days after receipt of such notice. 1.6.5 If Nation's advances exceed its share of cash expenditures, the next succeeding cash advance requirements, after such determination, shall be reduced accordingly. However, if the amount of such excess advance is greater than the amount of the next month's estimated cash requirements for such Nation, Nation may request a refund of the difference, which refund shall be made by Paltar within ten days after receipt of Nation's request provided that the amount is in excess of twenty five thousand Australian dollars (A$A$ 25,000.00). 1.6.6 If Nation's advances are less than its share of cash expenditures, the deficiency shall, at PaltarPxxxxx's option, be added to subsequent cash advance requirements or be paid by Nation within ten days following the receipt of Paltar's billing to Nation for such deficiency. 1.6.7 If, under the provisions of the Agreement, Paltar is required to segregate funds received from the Parties, any interest received on such funds shall be applied against the next succeeding Cash Call. 1.6.8 If Paltar does not ask Nation to advance its share of estimated cash requirements, Nation shall pay its share of cash expenditures within 10 days following receipt of Paltar's billing. 1.6.9 Payments of advances or xxxxxxxx bxxxxxxx shall be made on or before the due date. If these payments are not received by the due date the unpaid balance shall bear and accrue interest from the due date until the payment is received by Paltar at the Agreed Interest Rate. For the purpose of determining the unpaid balance and interest owed, Paltar shall translate to Australian currency all amounts owed in other currencies using the currency exchange rate determined in accordance with clause 1.4.3 at the close of the last business day prior to the due date for the unpaid balance. 1.6.10 Subject to governmental regulation, Paltar shall have the right, at any time and from time to time, to convert the funds advanced or any part thereof to other currencies to the extent that such currencies are then required for operations. The cost of any such conversion shall be charged to the Operating Account. 1.6.11 Paltar shall endeavour to maintain funds held for the Operating Account in bank accounts at a level consistent with that required for the prudent conduct of Operations. 1.6.12 If under the Agreement, Paltar is required to segregate funds received from or for the Operating Account, the provisions under this clause 1.6 for payments and advances by Nation shall apply also to Paltar.

Payments and Advances. 1.6.1 Upon approval of any Work Program and Budget, if Paltar so requests, Nation shall advance its share of estimated cash requirements for the succeeding month's operations. Each such Cash Call shall be equal to Paltar's estimate of the money to be spent in the currencies required to perform its duties under the Work Program and Budget during the month concerned. For informational purposes the Cash Call shall contain an estimate of the funds required for the succeeding two months detailed by the categories designated in the Work Program and Budget. 1.6.2 Each such cash Call, detailed by the categories designated in the Work Program and Budget, shall be made in writing and delivered to Nation not less than 15 days before the payment due date. The due date for payment of such advances shall be set by Paltar but shall be no sooner than the first day of the month for which the advances are required. All advances shall be made without bank charges. Any charges related to receipt of advances from Nation shall be borne by Nation. 1.6.3 Nation shall wire transfer its share of the full amount of each Cash Call to Paltar on or before the due date, in the currencies requested or any other currencies acceptable to Paltar at a bank designated by Paltar. If currency provided by Nation is other than the requested currency, then the entire cost of converting to the requested currency shall be charged to Nation. 1.6.4 Notwithstanding the provisions of clause 1.6.2 of this Accounting Procedure, should Paltar be required to pay any sums of money for Operations which were unforeseen at the time estimates were provided to Nation, Paltar may make a written request of Nation for special advances covering Nation' share of such payments. Each such Nation shall make its proportional special advances within ten days after receipt of such notice. 1.6.5 If Nation's advances exceed its share of cash expenditures, the next succeeding cash advance requirements, after such determination, shall be reduced accordingly. However, if the amount of such excess advance is greater than the amount of the next month's estimated cash requirements for such Nation, Nation may request a refund of the difference, which refund shall be made by Paltar within ten days after receipt of Nation's request provided that the amount is in excess of twenty five thousand Australian dollars (A$A$ 25,000.00). 1.6.6 If Nation's advances are less than its share of cash expenditures, the deficiency shall, at Paltar's option, be added to subsequent cash advance requirements or be paid by Nation within ten days following the receipt of Paltar's billing to Nation for such deficiency. 1.6.7 If, under the provisions of the Agreement, Paltar is required to segregate funds received from the Parties, any interest received on such funds shall be applied against the next succeeding Cash Call. 1.6.8 If Paltar does not ask Nation to advance its share of estimated cash requirements, Nation shall pay its share of cash expenditures within 10 days following receipt of Paltar's billing. 1.6.9 Payments of advances or xxxxxxxx shall be made on or before the due date. If these payments are not received by the due date the unpaid balance shall bear and accrue interest from the due date until the payment is received by Paltar at the Agreed Interest Rate. For the purpose of determining the unpaid balance and interest owed, Paltar shall translate to Australian currency all amounts owed in other currencies using the currency exchange rate determined in accordance with clause 1.4.3 at the close of the last business day prior to the due date for the unpaid balance. 1.6.10 Subject to governmental regulation, Paltar shall have the right, at any time and from time to time, to convert the funds advanced or any part thereof to other currencies to the extent that such currencies are then required for operations. The cost of any such conversion shall be charged to the Operating Account. 1.6.11 Paltar shall endeavour to maintain funds held for the Operating Account in bank accounts at a level consistent with that required for the prudent conduct of Operations. 1.6.12 If under the Agreement, Paltar is required to segregate funds received from or for the Operating Account, the provisions under this clause 1.6 for payments and advances by Nation shall apply also to Paltar.