Second Provisional Payment Sample Clauses
The Second Provisional Payment clause establishes the terms and conditions for issuing a subsequent interim payment to a contractor or service provider before the final settlement. Typically, this clause outlines the timing, calculation method, and documentation required for the second provisional payment, such as submission of progress reports or invoices reflecting work completed to date. Its core practical function is to ensure that the contractor receives timely compensation for ongoing work, thereby supporting cash flow and incentivizing continued performance while the project is still underway.
Second Provisional Payment. 100% of the second provisional invoice value of the Payments less the Deductions, less the first provisional payment, based on the final wet weights and dry weights received at Impala warehouse, and final prices shall be paid to the party so owing 40 days after the first provisional payment date based on the following; - Second provisional invoice - Final wet weight and moisture certificate duly signed by an independent surveyor company acceptable to Buyer Final payment shall be made by the party so owing latest 3 (three) Banking Days after the date final assays, weights and prices are known against presentation of the final invoice. In case Seller is indebted to Buyer by reason of having received provisional payment in excess of the amount of the final invoice, this difference shall be re-paid by Seller to Buyer by telegraphic transfer within 3 (three) Banking Days of final weights, final assays and final prices being known.
Second Provisional Payment. 100% of the second provisional invoice value of the Payments less the Deductions, less the first provisional payment, based on the final wet weights and dry weights received at Impala warehouse, and final prices shall be paid to the party so owing 45 days after the first provisional payment date based on the following; -Second provisional invoice -Final wet weight and moisture certificate duly signed by an independent surveyor company acceptable to Buyer Final Payment Final payment shall be made by the party so owing latest 3 (three) Banking Days after the date final assays, weights and prices are known against presentation of the final invoice. In case Seller is indebted to Buyer by reason of having received provisional payment in excess of the amount of the final invoice, this difference shall be re-paid by Seller to Buyer by telegraphic transfer within 3 (three) Banking Days of final weights, final assays and final prices being known.
Second Provisional Payment. A second provisional payment for 100% of the value of the Product shall be paid 40 days after the date of the First Provisional Payment, with payment being made 3 working days after receipt of invoice.
Second Provisional Payment. In case Buyer is not ready to exchange assays within 45 days after the sealing date of the last composite sample of the monthly quota, then Seller has the right to request a Second Provisional Payment for 100% of the updated value, using the latest known assays and prices against presentation of the following:
Second Provisional Payment. If, at any time following the first provisional payment by Buyer to Seller for Materials under clause 8.1 and prior to the Final Payment Date for such Materials, the then-current provisional price for such Materials (as determined in accordance with clause 7.3) differs by more than 10% from the provisional price set forth in the provisional commercial invoice for such Materials, then a second provisional payment based on the latest known provisional pricing data shall be made either by Buyer to Seller, or by Seller to Buyer, as the case may be, and:
(a) in the case of a difference in favor of Seller, the second provisional payment shall be made by Buyer upon presentation by ▇▇▇▇▇▇ of a second provisional commercial invoice that expressly requests the making of such second provisional payment to Seller, or
(b) in the case of a difference in favor of ▇▇▇▇▇, the second provisional payment shall be made by Seller upon presentation by ▇▇▇▇▇ of a provisional commercial invoice that sets out the amount to be paid by Seller.
Second Provisional Payment. The Second Provisional Payment shall be paid upon completion of delivery of the full Lot or the Revised Lot to Buyer’s warehouse at Manzanillo, Mexico. Buyer shall pay for 75% (seventy-five percent) of the provisional value of the Ore, based on the provisional weight and assays of the Ore determined by AHK upon arrival of the Ore at Buyer’s warehouse, and less the value of the First Provisional Payment, latest 2 (two) Business Days following Buyer’s receipt of the following original documents: PURCHASE CONTRACT 401-11-27970-P 9
Second Provisional Payment. 100% of the second provisional invoice value of the Payments less the Deductions, less the first provisional payment, based on the final wet weights and dry weights received at Impala warehouse, and final prices shall be paid to the party so owing 40 days after the first provisional payment date based on the following; - Second provisional invoice - Final wet weight and moisture certificate duly signed by an independent surveyor company acceptable to Buyer Final payment shall be made by the party so owing latest 3 (three) Banking Days after the date final assays, weights and prices are known against presentation of the final invoice. CONTRATON 203-16CMX-013-0-P (LA) 5 Classified as: PRIVATE AND CONFIDENTIAL ▇▇. ▇▇▇▇▇ ▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇ ▇▇ OFICINA 2102, COL. ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇.▇., ▇.▇. ▇▇▇▇▇ TEL ▇▇▇▇▇▇▇▇ FAX ▇▇▇▇▇▇▇▇ In case Seller is indebted to Buyer by reason of having received provisional payment in excess of the amount of the final invoice, this difference shall be re-paid by Seller to Buyer by telegraphic transfer within 3 (three) Banking Days of final weights, final assays and final prices being known.