PAYMENTS & CREDITS Clause Samples
The Payments/Credits clause defines the terms under which payments are made and credits are issued between parties in a contract. It typically outlines when payments are due, acceptable methods of payment, and the circumstances under which credits may be applied, such as for returned goods or overpayments. This clause ensures that both parties have a clear understanding of their financial obligations and entitlements, reducing the risk of disputes over money owed or credits granted.
PAYMENTS & CREDITS. The Department shall pay any Product or associated service charges shown in each Attachment promptly after receipt of the Supplier invoice applicable to the calendar month or other period during which Supplier has the obligation to provide the Product or service to the Department (hereinafter referred to as the "Due Date"). Any such charges for a partial month or period shall be prorated. Charges for licenses shall apply starting with the relevant Acceptance Date; charges for associated services shall apply starting with the relevant dates specified in the pertinent Attachments. Payment of said Supplier charges for any such license term or license maintenance and support term shall entitle the Department to use the Product, free of any usage charges, at the Department's convenience at any time during said term, excluding the time required for maintenance and support. Supplier may assign any license payments (but not any associated service payments), in whole or in part, upon prior written notice to the Department and compliance with the requirements of the State's Comptroller's Office concerning such assignments. Notwithstanding any such assignment, Supplier agrees that the Department shall quietly have and enjoy use of the Product, free of any repossession or any claims by Supplier or its successors and assigns, subject to the terms and conditions of this Agreement, provided the Department is not in default hereunder. No Product assignment by Supplier shall relieve Supplier of any obligations under this Agreement without prior written Department consent in each such instance. The Department shall be liable to Supplier for a charge for an item which is not listed on the Product Schedule only if the related order has been placed by an authorized Customer representative. Any Supplier time and materials charge shall reflect only reasonable expenditures actually incurred by Supplier in rendering Department services at the Product installation site. Supplier shall furnish separate invoices for each Letter Order; and each license charge, maintenance and support charge or other charge shall be included as separate line items on such invoices. When the license term specified in the Attachment is less than perpetual, all charges for maintenance and support are included in the periodic license fee. Where the license term specified in the Attachment is perpetual, charges for maintenance and support are as follows: If the license fee specified in the Attachment is pay...
PAYMENTS & CREDITS o Services provided by whym are provided on a pre-paid basis only. As a customer uses whym services, the time left on their Account will be debited accordingly. o No phone services will be provided if the customer’s Account is not valid (i.e. does not have a current valid registration) or does not have a sufficient balance to cover the cost of the service requested. o A minimum credit of 2 minutes is required for the system to initiate a connection to an interpreter. o There is no facility for any refund for unused minutes on Account at any time. o Minutes credited to one phone number cannot be transferred to another phone number.
PAYMENTS & CREDITS. 1. Payments for SIMPLR Services provided shall be mutually agreed upon by the Parties.
PAYMENTS & CREDITS. All payments, both of Principal and Interest, or otherwise, shall be paid in lawful currency of the United States, or equivalent good and immediately available federal funds, without relief from valuation and appraisement laws, at the office of the Lenders or its agent at ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ (or at any other location as may be instructed periodically, in writing, by the Lenders to the Borrowers), and, except as provided under Section 5 of this Mortgage Note, each such payment shall be credited 1) first to accrued Interest under this Mortgage Note, 2) then and secondly to any Prepayment Fee, if any, as provided under Section 6 of this Mortgage Note, 3) then and thirdly to any other sums or charges (exclusive of any Principal payable under this Mortgage Note) payable under this Mortgage Note, the CCF Agreement and any other applicable Credit Documents and/or Definitive Supplemental Documents, including, without limitation, any reasonable attorneys' and other applicable reasonable professional fees of the Lender (and/or Lionhart or LHI) and other costs of collection, and 4) then and lastly to the Principal of this Mortgage Note. If any payment of Principal or Interest on this Mortgage Note shall become due and payable on a day that is not a Business Day (as that term is defined under the CCF Agreement), then any such payment shall be made on the next following Business Day, and such extension of time shall be included in computing interest or other fees or expenses due hereunder, if any, in connection with any such payment, or otherwise.
PAYMENTS & CREDITS. The Minimum Payments paid by LESSEE to LESSOR for the previous five years shall be credited cumulatively to LESSEE’s account and against LESSEE’s Royalty payment obligations.
PAYMENTS & CREDITS. 11.1 Commencing on the Start Date and continuing throughout the Term, Contractor shall charge a Test Fee as defined in this Contract for each completed initial OBD or tailpipe test under the Program and shall pay the Test Center an amount equal to $14.00 and shall pay the State an amount equal to $3.05. Contractor shall pay amounts or before the fifteenth day of the immediately following month via ACH to an account designated by DMV not fewer than three (3) days in advance. All fees for emissions testing under the Program shall be collected by the Test Centers.
11.2 Commencing on the Start Date and continuing throughout the Term, each Test Center shall accept payment of Late Fees payable under Connecticut law with respect to late emissions testing as they may be in effect from time to time (“Late Fees”), and Contractor shall remit all such Late Fees to the State monthly, one month in arrears on or before the fifteenth day of the immediately following month via ACH to an account designated by DMV not fewer than three (3) days in advance, in accordance with Exhibit C, Pricing Schedule.
11.3 Commencing on the Start Date and continuing throughout the Term, Contractor may retain an amount equal to $2.95 for each completed initial OBD or tailpipe test from fees collected under the Program, and no other amounts, in accordance with Exhibit C, Pricing Schedule.
11.4 Contractor’s right to retain payments under this Contract is subject to adjustment throughout the Term based on Contractor’s Performance and satisfaction of the SLAs in Exhibit F, Milestones & Service Level Agreements (SLAs), and Contractor’s obligations under Section 28, Breaches & Liquidated Damages.
11.5 Commencing on the Start Date and continuing throughout the Term, each Test Center shall charge a VIN verification fee as described in C.G.S. 14-12r, as it may be amended and in effect from time to time, initially in an amount equal to $10.00 for each VIN verification completed by a Test Center under the Program, in accordance with Exhibit C, Pricing Schedule.
11.6 Contractor shall provide DMV with a monthly invoice describing all payments made and retained under the Program with each monthly payment made to DMV.
11.7 Commencing on the Start Date and continuing throughout the Term, Contractor shall also collect and remit such additional fees as DMV may from time to time require (which may include, but not be limited to, vehicle registration fees and safety inspection
PAYMENTS & CREDITS. For each unit of Product provided to an End-User by Volcano, Volcano shall pay the license fees set forth on Exhibit 6.1 to Paieon. Payments to Paieon shall be made within 45 days of the end of each month in respect of the End User Licenses granted during such month. Each such payment shall be accompanied by a report signed by the chief financial officer or director of finance of Volcano (a “Periodic Report”), detailing the Products sold and the total End-User Licenses granted during the relevant month and the calculation of license fees, if any, due thereon. In the event that no license fees are payable in respect of a given month, Volcano shall submit a Periodic Report so indicating. All payments shall be payable in U.S. dollars, regardless of the country(ies) in which sales are made.