Reference Payments Clause Samples
The Reference Payments clause defines how payments are to be calculated or referenced within an agreement, often by linking them to specific benchmarks, indices, or external data sources. In practice, this clause might specify that payment amounts will be adjusted based on published market rates, inflation indices, or other agreed-upon financial metrics, ensuring that the value of payments remains fair and consistent over time. Its core function is to provide a transparent and objective method for determining payment amounts, reducing disputes and ensuring both parties have a clear understanding of how payments are derived.
Reference Payments. Except as otherwise provided in this Agreement and the Related Agreements, all payments due from Itau hereunder pursuant to Article 8 and 9 and any Reference Payments and Pro-Rata Fees shall be made to AOLA or AOLB (as designated by AOLA in its sole discretion), by means of a wire transfer of United States dollars in immediately available funds on or before the date due to an account specified in writing by AOLA to Itau.
Reference Payments. (a) For purposes of this Agreement, there shall be computed a "Reference Payment" as of each of the first five (5)
Reference Payments. The Parties agree that Itau shall pay the Reference Payments and Marketing Payments described in Exhibit A (if due) in lieu of any Reference Payments that would have been due under the SMA after the MOA Effective Date in the absence of this MOA.
Reference Payments. The calculation of the Reference Payments that may be due under the SMA for the third Anniversary Date, the fourth Anniversary Date and the fifth Anniversary Date are hereby amended as described below. For the purposes of this MOA and the SMA, "
Reference Payments. The use of structured reference is common in Finland. An invoicing company identifies invoices sent to its customers through a reference number and use the reference for matching incoming payment to an outstanding invoice. A reference number can be formed for example from the customer number or the invoice number according to the rules of the Finnish reference number format or International RF reference. A Finnish reference number must include a minimum of 4 and a maximum of 19 numbers and a calculated check digit defined by the sender of the invoice. The international reference is formed according to the ISO 11649 specification. The reference will be reported as structured information if it complies with the rules above. In case of the reference is not following the structure of neither Finnish nor International reference, it is reported as unstructured information. Guidelines for creating and using reference numbers are available at Finance Finland homepage and International Organization for Standardization (ISO) page (RF reference).
Reference Payments. The use of structured creditor reference is common in Finland. An invoicing company identifies invoices sent to its customers through a creditor reference number and use the creditor reference for matching incoming payment to an outstanding invoice. A creditor reference number can be formed for example from the customer number or the invoice number according to the rules of the domestic Finnish creditor reference number format or International RF creditor reference. A domestic Finnish creditor reference number include a minimum of 4 and a maximum of 20 numbers including a calculated check digit. The international reference up to 25 alfa-numerics is formed according to the ISO 11649 specification. The creditor reference will be reported as structured information if it complies with the rules above. In case of the creditor reference is not following the structure of neither domestic Finnish nor International creditor reference, it is reported as unstructured information. Guidelines for creating and using reference numbers are available at Finance Finland homepage and International Organization for Standardization (ISO) page (RF reference).