Payments on demand Clause Samples
The "Payments on demand" clause establishes that certain payments must be made by one party immediately upon receiving a formal request from the other party, without the need for further justification or conditions. In practice, this means that if a triggering event occurs—such as a default or a specified milestone—the payee can issue a demand notice, and the payer is obligated to remit the specified amount promptly, often within a set number of days. This clause ensures swift and efficient settlement of financial obligations, reducing delays and disputes over payment timing or entitlement.
Payments on demand. For the purposes of clause 31.1 and subject to the Agent’s right to demand interest under clause 8.3, payments on demand shall be treated as paid when due if paid within three Business Days of demand.
Payments on demand. All amounts due under this Section 9.6 shall be payable by the Borrower upon demand therefor.
Payments on demand. All payments by the Guarantor under this deed are to be made to Seqwater in dollars in immediately available funds on the due date or if no due date is specified, on the date of demand by Seqwater.
Payments on demand. The payments referred to in clauses (a)(vi), (viii), (ix) and (x) will be due and payable on demand by the Agent.
Payments on demand. For the purposes of clause 30.1 (Non-payment) and subject to the Lender's right to demand interest under clause 8.3, payments on demand shall be treated as paid when due if paid within four (4) Business Days of demand.
Payments on demand. For the purposes of clause 30.1 and subject to the Agent's right to demand interest under clause
Payments on demand. All amounts payable by the Company under Sections 3.3.4 and 4.5 shall constitute Obligations which shall be payable two Business Days after demand. In such demand, the demanding party shall set forth the amounts payable hereunder in reasonable detail, as well as the method of determining such amounts and the date such payment is due. From the date payment is due and until so paid, all such amounts shall bear interest payable on demand at the Reference Rate, to the extent owed to (or previously paid by) the Agent or any Lender, plus 2% per annum.
Payments on demand. 41 ARTICLE V CERTAIN EURODOLLAR RATE AND OTHER PROVISIONS
Payments on demand. Unless otherwise required, any payment described in this Charter as payable on demand must be paid no later than three (3) Business Days after a demand.
Payments on demand. All amounts due under this Section 8.6 shall be payable by the Borrower within 10 days after demand therefor.