Security for Final Payment Sample Clauses

Security for Final Payment. Within three (3) Working Days from the Effective Date, XXX shall provide THT with an original copy of the bank payment guarantee issued by one of the following banks (“Guarantor”): Shinhan Bank Vietnam, Woori Bank Vietnam, KEB Hana Bank, Vietcom Bank, Vietin Bank, MB Bank or BIDV Bank with the main contents as stated in SCHEDULE 6, for the purpose of securing the payment of the Final Payment with the term until the Final Payment has been made by XXX in full (“XXX’s BG”). The provision of XXX of the original copy of XXX’s BG to THT shall be a condition precedent to the Handover of Sub-project and release of Relevant Documents from THT to XXX as stipulated in Article 7. (i) The XXX’s BG shall be valid from the Handover Date to the date that XXX practically makes the Final Payment to THT. The Parties hereby agree on the term of months for the first issuance of XXX's BG with the guarantee value equal to the Final Payment. (ii) In case of any delays in obtaining the New LURC, XXX shall extend such term so as to maintain the continuous validity of the XXX’s BG and failing which, XXX shall hold THT harmless against any damages, loss and/or expenses arising out of and in connection with such failure to comply with this obligation. The original copy of corresponding amendment of XXX’s BG shall be provided by XXX to THT at least three (3) Working Days before the expiry date of the XXX’s BG. (iii) Notwithstanding the foregoing or anything implied elsewhere in this PTC all the fees and/or charges for issuing the XXX’s BG and extending its effective duration (if any) shall be solely borne by XXX.
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Related to Security for Final Payment

  • Final Payment All items or Automated Clearing House (ACH) transfers credited to your account are provisional until we receive final payment. If final payment is not received, we may charge your account for the amount of such items or ACH transfers and impose a return item charge on your account. Any collection fees we incur may be charged to your account. We reserve the right to refuse or return any item or funds transfer.

  • Payment of Premium Unless otherwise agreed in writing by the Parties, the Buyer shall be obligated to pay the Premium related to an Option no later than its Premium Payment Date.

  • Payment of GST Payment of the additional amount will be made at the same time as payment for the supply is required to be made under this Contract.

  • Subordination and Late Payments Subordination 15 Section 5.2 Late Payments by Corporate Taxpayer 15 ARTICLE VI NO DISPUTES; CONSISTENCY; COOPERATION

  • ACCEPTANCE AND FINAL PAYMENT Upon written notice to the Owner

  • Additional Payment In addition to any Spousal Support, in the event of Divorce: (check one)

  • SUPPLEMENTAL PAYMENT LIMITATION Notwithstanding the foregoing: A. the total of the Supplemental Payments made pursuant to this Article shall not exceed for any calendar year of this Agreement an amount equal to the greater of One Hundred Dollars ($100.00) per student per year in average daily attendance, as defined by Section 48.005 of the TEXAS EDUCATION CODE, or Fifty Thousand Dollars ($50,000.00) per year times the number of years beginning with the first complete or partial year of the Qualifying Time Period identified in Section 2.3.C and ending with the year for which the Supplemental Payment is being calculated minus all Supplemental Payments previously made by the Application; B. Supplemental Payments may only be made during the period starting the first year of the Qualifying Time Period and ending December 31 of the third year following the end of the Tax Limitation Period. C. the limitation in Section 6.2.A does not apply to amounts described by Section 313.027(f)(1)–(2) of the TEXAS TAX CODE as implemented in Articles IV and V of this Agreement. D. For purposes of this Agreement, the calculation of the limit of the annual Supplemental Payment shall be the greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance as calculated pursuant to Section 48.005 of the TEXAS EDUCATION CODE, based upon the District’s Average Daily Attendance for the previous school year.

  • Payment of Premiums Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

  • Payment of Debt Borrower will pay the Debt at the time and in the manner provided in the Note and in this Security Instrument.

  • Payment of Debts, Taxes, Etc The Company shall pay, or cause to be paid, all of its indebtedness and other liabilities and perform, or cause to be performed, all of its obligations in accordance with the respective terms thereof, and pay and discharge, or cause to be paid or discharged, all taxes, assessments and other governmental charges and levies imposed upon it, upon any of its assets and properties on or before the last day on which the same may be paid without penalty, as well as pay all other lawful claims (whether for services, labor, materials, supplies or otherwise) as and when due

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