Payments – Timing Clause Samples
Payments – Timing. ❑ 1st month’s rental fees + all freight is due prior to rental agreement start date. ❑ Payment terms for each rental agreement is "Due upon receipt". ❑ Upon 30 days of no payment, Yamaha Golf Car will send a final demand letter via email & US Mail. ❑ On the 61st day of non-payment, YGC will coordinate the pickup of cars and the account will be sent to collections. ❑ Email: ▇▇▇_▇▇▇▇▇▇▇_▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇-▇▇▇▇▇.▇▇▇.▇▇▇ for information on your outstanding balance.
Payments – Timing. In subsequent years, the Board of Directors may permit the Annual Payments to be made on a monthly or quarterly basis.
Payments – Timing. 2.1.1. Company or Cool Holdings shall pay Torque an aggregate amount of USD $2,550,000 in cash or shares of Cool Common Stock for the duration of the Term for the marketing/sponsorship programme in accordance with the following schedule: • within 60 days of signing this Agreement (the “Initial Payment Date”), Company or Cool Holdings shall pay, in the Company’s sole discretion subject to Section 5.5 hereto, USD $150,000 cash or the issuance of unregistered shares of Cool Common Stock with an equivalent aggregate FMV of USD $150,000 (rounded down to the nearest whole share) (such $150,000 payment, the “Initial Payment”); and • Idea & Cars agrees to purchase and shall purchase up to and at least a minimum of USD $600,000.00 of Apple product in the aggregate at wholesale price (determined by the Company) from the Company in the amounts for each of calendar years 2019, 2020, 2021 and 2022 as set forth below (such minimum amount in each such calendar year, the “Minimum Purchase Obligation”). • Company or Cool Holdings shall pay an aggregate amount of USD $600,000 cash or the issuance of unregistered shares of Cool Common Stock with an equivalent aggregate FMV of USD $600,000 (rounded down to the nearest whole share), in either case in four (4) equal quarterly instalments of US $150,000 each; and • Idea & Cars agrees to purchase and shall purchase at least USD $150,000.00 of Apple product at wholesale price from Simply Mac in 2020 less the amount of any product purchased in 2019. • Company or Cool Holdings shall pay USD $800,000 cash or the issuance of unregistered shares of Cool Common Stock with an equivalent aggregate FMV of USD $800,000 (rounded down to the nearest whole share), in either case in four (4) equal quarterly instalments of US $200,000 each; and • Ideas & Cars agrees to purchase and shall purchase up to USD $200,000.00 of Apple product at wholesale price from Simply Mac in 2021. • Company or Cool Holdings shall pay USD $1,000,000 cash or the issuance of unregistered shares of Cool Common Stock with an equivalent aggregate FMV of USD $1,000,000 (rounded down to the nearest whole share), in either case in four (4) equal quarterly instalments of US $250,000 each; and • Ideas & Cars agrees to purchase and shall purchase up to USD $250,000.00 of Apple product at wholesale price from Simply Mac in 2022. Each quarterly payment provided for above in this Section 2.1.1 shall accrue on the 1st day of each calendar quarter during each calendar year througho...
Payments – Timing. Any amounts payable under Section 1.5 shall be paid by wire transfer of immediately available funds within five (5) Business Days after the date on which the Closing Statement is finally determined pursuant to this Section 1.5.