Payments and Settlement Sample Clauses

Payments and Settlement. 1. The costs of payment transactions shall be borne by the buyer. 2. The buyer shall only be entitled to a retention right and a right to offset counterclaims inasmuch as his rights are undisputed or have been determined finally and conclusively. 3. If the buyer is in default of payment, we may charge interest in the amount of nine percent over the base interest rate (§ 288 BGB [German Civil Code]), unless lower damages are proved to us by the buyer. In addition, we may demand the payment of a lump sum in the amount of € 40. We reserve the right to assert further damages, in particular those that arise as a result of extra expenses in connection with exchange rate differences and securities.
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Payments and Settlement. Payments from Customer to ED will be due monthly before the start of each calendar month. Each monthly payment will include the Hosting Fee payment for the next calendar month. Customer will provide a written report of Gross Income. All payments will be made by wire transfer of USD, unless the parties mutually agree to an alternative payment method (e.g. a transfer of USDC or USDT), subject to compliance with all applicable laws, rules and regulations.
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Payments and Settlement. 3.1. Once accepted for clearing, this Agreement shall be novated (replaced) with two contracts on the same economic terms between each Party and Clearing House, which shall be governed by the latter’s clearing terms and conditions (“Clearing Rules”). In case of any discrepancies between this Agreement and Clearing Rules, the latter shall prevail. 3.2. Each Party agrees to make payments under this Agreement according to Clearing Rules. All amounts shall be calculated by Clearing House based on Market Prices supplied by Data Provider through SteelHedge or Clearing Member Bank under respective licensing agreements. All payments shall be made through Clearing Member Bank. 3.3. Each Party shall pay to Clearing House an initial security deposit (“Initial Margin”) indicated in Annex 1, which shall be held by Clearing House in trust until the completion of Settlement Month and settlement per Clause 3.7. 3.4. Each time Market Price rises above Price Cap by a variation indicated in Annex 1 (“Market Price Variation”), Selling Party shall pay to Clearing House an (additional) security deposit (“Variation Margin”) calculated as Market Price Variation multiplied by Quantity. 3.5. Each time Market Price falls below Price Floor by Market Price Variation, Buying Party shall pay to Clearing House Variation Margin calculated as Market Price Variation multiplied by Quantity. 3.6. Clearing House shall hold Variation Margins in trust until the completion of Settlement Month and the calculation of Settlement Amount. The owing Party shall pay each Variation Margin after a corresponding request has been made by Clearing House through Clearing Member Bank. 3.7. At the completion of Settlement Month, Clearing House shall (a) calculate and pay to the owed Party Settlement Amount, if any, and (b) refund to each Party all security deposits that remain in trust after such payment. If the sum of security deposits paid by the owing Party is inferior to Settlement Amount, the owing Party shall immediately pay the resulting shortfall to Clearing House. 3.8. Each Party is solely responsible for Clearing Fees indicated in Annex 1 and taxes that may be payable in its country in relation to this Agreement. 3.9. If Data Provider discontinues reporting Market Prices before the completion of Settlement Month for any reason, Parties shall select another Price Index, or a combination of Price Indexes, reported by Data Provider or another price reporting agency in the SteelHedge network and offering ...
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Payments and Settlement. User agrees to pay Xxxxxxxx University all user fees and estimated costs in full no later than 21 days prior to the event. Within 30 days after completion of the event, Millikin will submit a complete statement of costs to User along with a check for any refundable amounts, if any, or, where appropriate, invoice User for any charges incurred by User in excess of deposits and payments. All invoices are due upon receipt. User also agrees to pay attorneys fees, collection agency fees, and other costs and expenses incurred by Millikin in collecting past due amounts.
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Payments and Settlement. User agrees to pay Xxxxxxxx University all user fees and estimated costs in full no later than 21 days prior to the event. Within 30 days after completion of the event, Xxxxxxxx will submit a complete statement of costs to User along with a check for any refundable amounts, if any, or, where appropriate, invoice User for any charges incurred by User in excess of deposits and payments. All invoices are due upon receipt. User also agrees to pay attorneys fees, collection agency fees, and other costs and expenses incurred by Xxxxxxxx in collecting past due amounts.
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Payments and Settlement 
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Related to Payments and Settlement

  • PAYMENT AND SETTLEMENT You shall deliver to the Manager on the date and at the place and time specified in the applicable AAU (or on such later date and at such place and time as may be specified by the Manager in a subsequent Wire) the funds specified in the applicable AAU, payable to the order of Xxxxxxx Xxxxx Xxxxxx Inc., for (i) an amount equal to the Offering Price plus (if not included in the Offering Price) accrued interest, amortization of original issue discount or dividends, if any, specified in the Prospectus or Offering Circular, less the applicable Selling Concession in respect of the Firm Securities to be purchased by you, (ii) an amount equal to the Offering Price plus (if not included in the Offering Price) accrued interest, amortization of original issue discount or dividends, if any, specified in the Prospectus or Offering Circular, less the applicable Selling Concession in respect of such of the Firm Securities to be purchased by you as shall have been retained by or released to you for direct sale as contemplated by Section 3.6 hereof or (iii) the amount set forth or indicated in the applicable AAU, as the Manager shall advise. You shall make similar payment as the Manager may direct for Additional Securities, if any, to be purchased by you on the date specified by the Manager for such payment. The Manager will make payment to the Issuer or Seller against delivery to the Manager for your account of the Securities to be purchased by you, and the Manager will deliver to you the Securities paid for by you which shall have been retained by or released to you for direct sale. If the Manager determines that transactions in the Securities are to be settled through the facilities of DTC or other clearinghouse facility, payment for and delivery of Securities purchased by you shall be made through such facilities, if you are a member, or, if you are not a member, settlement shall be made through your ordinary correspondent who is a member.

  • PAYMENTS AND SET-OFF All sums payable by the Guarantor under this Deed of Guarantee shall be paid without any set-off, lien or counterclaim, deduction or withholding, howsoever arising, except for those required by law, and if any deduction or withholding must be made by law, the Guarantor will pay that additional amount which is necessary to ensure that the Beneficiary receives a net amount equal to the full amount which it would have received if the payment had been made without the deduction or withholding. The Guarantor shall pay interest on any amount due under this Deed of Guarantee from the day after the date on which payment was due up to and including the date of payment in full (as well after as before any judgment) calculated from day to day at a rate per annum equal to the latest inter-bank lending rate (LIBOR) plus two percent (2%) above the base rate of the Bank of England from time to time in force. The Guarantor will reimburse the Beneficiary for all legal and other costs (including VAT) incurred by the Beneficiary in connection with the enforcement of this Deed of Guarantee.

  • Defense and Settlement The Receiver shall have the right, in its discretion, to (i) defend or settle any claim or suit against the Assuming Institution with respect to which the Receiver has indemnified the Assuming Institution in the same manner and to the same extent as provided in Article XII, and (ii) defend or settle any claim or suit against the Assuming Institution with respect to any Liability Assumed, which claim or suit may result in a loss to the Receiver arising out of or related to this Agreement, or which existed against the Failed Bank on or before the Bank Closing Date. The exercise by the Receiver of any rights under this Section 9.3(a) shall not release the Assuming Institution with respect to any of its obligations under this Agreement.

  • Clearance and Settlement If the Pricing Agreement specifies that the Securities will clear and settle through one or more clearing systems, the Securities will be eligible for clearance and settlement through such clearing system or systems.

  • CLOSING AND SETTLEMENT Seller/Landlord shall determine the title company at which settlement shall occur and shall inform Buyer/Tenant of this location in writing. Buyer/Tenant agrees that closing costs in their entirety, including any points, fees, and other charges required by the third-party lender, shall be the sole responsibility of Buyer/Tenant. The only expense related to closing costs apportioned to Seller/Landlord shall be the pro-rated share of the ad valorem taxes due at the time of closing, for which Seller/Landlord is solely responsible.

  • The Settlement Following mediation with a neutral party, a Settlement has been reached. As part of the Settlement, a Qualified Settlement Fund of $39,500,000 will be established to resolve the Class Action. The Net Settlement Amount is $39,500,000 minus any Administrative Expenses (including taxes and tax expenses), Court-approved Attorneys’ Fees and Costs, and Class Representative Compensation. The Net Settlement Amount will be allocated to Class Members according to a Plan of Allocation to be approved by the Court.

  • Vesting and Settlement The Restricted Shares shall cease to constitute Restricted Shares, and shall become unrestricted Shares, pursuant to the vesting schedule attached as Exhibit A.

  • Borrowing Procedures and Settlements (a) Procedure for Borrowing. Each Borrowing shall be made by an irrevocable written request by an Authorized Person delivered to Agent (which notice must be received by Agent no later than 10:00 a.m. (California time) on the Business Day prior to the date that is the requested Funding Date specifying (i) the amount of such Borrowing, and (ii) the requested Funding Date, which shall be a Business Day; provided, however, that in the case of a request for -------- ------- Swing Loan in an amount of $5,000,000, or less, such notice will be timely received if it is received by Agent no later than 10:00 a.m. (California time) on the Business Day that is the requested Funding Date) specifying (i) the amount of such Borrowing, and (ii) the requested Funding Date, which shall be a Business Day. At Agent's election, in lieu of delivering the above-described written request, any Authorized Person may give Agent telephonic notice of such request by the required time, with such telephonic notice to be confirmed in writing within 24 hours of the giving of such notice.

  • On Reconciliation and Settlement If the year-end reconciliation and settlement process demonstrates that the HSP received Funding in excess of its confirmed funds, the LHIN will require the repayment of the excess Funding.

  • Loss Settlement In this Condition D., the terms "cost to repair or replace" and "replacement cost" do not include the increased costs incurred to comply with the enforcement of any ordinance or law, except to the extent that coverage for these increased costs is provided in E.11. Ordinance Or Law under Section I – Property Coverages. Covered property losses are settled as follows: 1. Property of the following types: a. Personal property; b. Awnings, carpeting, household appliances, outdoor antennas and outdoor equipment, whether or not attached to buildings; c. Structures that are not buildings; and d. Grave markers, including mausoleums; 2. Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: a. If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, without deduction for depreciation, but not more than the least of the following amounts: (1) The limit of liability under this policy that applies to the building; (2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or (3) The necessary amount actually spent to repair or replace the damaged building. b. If, at the time of loss, the amount of insurance in this policy on the damaged building is less than 80% of the full replacement cost of the building immediately before the loss, we will pay the greater of the following amounts, but not more than the limit of liability under this policy that applies to the building: (1) The actual cash value of that part of the building damaged; or (2) That proportion of the cost to repair or replace, without deduction for depreciation, that part of the building damaged, which the total amount of insurance in this policy on the damaged building bears to 80% of the replacement cost of the building. c. To determine the amount of insurance required to equal 80% of the full replacement cost of the building immediately before the loss, do not include the value of: (1) Excavations, footings, foundations, piers, or any other structures or devices that support all or part of the building, which are below the undersurface of the lowest basement floor; (2) Those supports described in (1) above which are below the surface of the ground inside the foundation walls, if there is no basement; and (3) Underground flues, pipes, wiring and drains. d. We will pay no more than the actual cash value of the damage until actual repair or replacement is complete. Once actual repair or replacement is complete, we will settle the loss as noted in 2.a. and b. above. However, if the cost to repair or replace the damage is both: (1) Less than 5% of the amount of insurance in this policy on the building; and (2) Less than $2,500;

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