Settlement and Payment Method Sample Clauses

Settlement and Payment Method. The Parties acknowledge that the accounting shall be conducted for Party B on a quarterly basis. Within 10 business days after the end of each quarter, Party B shall pay the service fee to Party A’s designated bank account as instructed by Party A in a written notice. The Parties may also separately agree on the timing of payment in writing. Upon receipt of Party B’s payment of the service fee, Party A shall produce relevant commercial invoices to Party B according to law.
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Settlement and Payment Method. According to Party A's engineering requirements, both parties agree to conduct settlement according to the varieties and unit prices set forth in Article 1 hereof. The contract amount totals RMB SIXTEEN MILLION NINE HUNDRED AND FOURTY THOUSAND ONLY. Both parties agree to make payment in the following second manner: 1. Party A shall make payment in advance. Party A shall prepay the purchase price in batches; after 30% of the purchase price is first prepaid, Party B shall commence supply, and the balance shall be paid in full within 10 days after completion of supply. 2. Within three days after signature hereof, Party A shall first pay 10% of the total purchase price, that is, RMB16,940,000 (SIXTEEN MILLION NINE HUNDRED AND FOURTY THOUSAND ONLY), and the deposit will only be used for the last supply on condition that any surplus will be refunded or any shortfall will be paid. After receipt of the deposit, Party B shall commence supply according to the time frame required by Party A, and Party A shall make settlement and payment in the manner ① according to Party B's supply quantity: (① Settle at the end of the month, reconcile on the first to fifth days of the following month and pay before the 10th day; ② Settle and pay when the amount reaches RMB_____). If Party A fails to pay the purchase price on time when it falls due, Party B will suspend supply or will not deliver original materials on relevant products and Party A shall bear liability for breach hereof. 2.1 With respect to the purchase price for the current month, Party B shall prepare a final statement once each month according to the delivery orders signed and confirmed by Party A and provide it to Party A, and both parties shall sign and seal the final statement to confirm the quantity and amount. Party A shall complete such signature and confirmation before the fifth day of the following month; if Party A fails to do so before the deadline, such final statement shall be deemed to be tacitly approved and become effective. 2.2 If Party A defaults on the purchase price, Party B shall be entitled to stop delivery and Party A shall not use another manufacturer' products for this reason or any other reason and shall pay Party B daily late fees equal to 0.5% of the overdue payment, and delivery will not be resumed until and unless the whole purchase price is paid. If either party unilaterally terminates this Contract without justification, it shall pay the other party liquidated damages equal to 10% o...
Sample 1
Settlement and Payment Method. 4.1 All costs incurred between Party A and Party B under this Contract shall be settled and paid in RMB. Party A shall remit the deposit and purchase price to the designated account of Party B through bank transfer. 4.1.1 Party A shall pay Party B a down payment of RMB (50% of the total amount) as the first deposit within 3 working days after the date of this Contract; 4.1.2 Party A shall pay the remaining amount of RMB under the Contract (50% of the total amount) before November 30, 2022, or before the delivery of the first vehicle in the second batch of vehicles (whichever occurs first). After the production is completed, Party B shall coordinate the delivery of the vehicles, and the delivery costs shall be borne by Party A. 4.1.3 Party A shall pay the contract price to Party B according to the following information 4.2 Within 5 working days after Party A pays the full amount, Party B shall issue a VAT special invoice of corresponding amount which complies with national regulations to Party A. 4.3 Bank charges incurred by Party B for withdrawing the above money shall be borne by Party B, and any other bank charges or expenses related to payment incurred by Party A for performing this Contract shall be borne by Party A. 4.4 If Party A fails to make payment within the date specified in this Contract, the handling of overdue payment shall be subject to “Article 11 Liability for Breach of Contract”.
Sample 1

Related to Settlement and Payment Method

  • Settlement Method For any Option, Net Share Settlement; provided that if the Relevant Settlement Method set forth below for such Option is not Net Share Settlement, then the Settlement Method for such Option shall be such Relevant Settlement Method, but only if Counterparty shall have notified Dealer of the Relevant Settlement Method in the Notice of Final Settlement Method for such Option.

  • Settlement Method Election Date The third Scheduled Trading Day immediately preceding the First Expiration Date.

  • Settlement Method Election Physical Settlement, Cash Settlement, or Net Share Settlement, at the election of Counterparty as set forth in a Settlement Notice that satisfies the Settlement Notice Requirements; provided that Physical Settlement shall apply (i) if no Settlement Method is validly selected, (ii) with respect to any Settlement Shares in respect of which Dealer is unable, in good faith and in its commercially reasonable discretion, to unwind its commercially reasonable hedge by the end of the Unwind Period (taking into account any Additional Transactions with overlapping “Unwind Periods” (as defined in the applicable Additional Confirmations)) (A) in a manner that, in the reasonable discretion of Dealer, based on advice of counsel, is consistent with the requirements for qualifying for the safe harbor provided by Rule 10b-18 under the Exchange Act (“Rule 10b-18”) or (B) in its commercially reasonable judgment, due to the occurrence of five or more Disrupted Days or to the lack of sufficient liquidity in the Shares on any Exchange Business Day during the Unwind Period, (iii) to any Termination Settlement Date (as defined under “Termination Settlement” in Paragraph 7(g) below) and (iv) if the Final Date is a Settlement Date other than as the result of a valid Settlement Notice, in respect of such Settlement Date; provided, further, that, if Physical Settlement applies under clause (ii) immediately above, Dealer shall provide written notice to Counterparty at least two Scheduled Trading Days prior to the applicable Settlement Date.

  • Payment Method Payment shall be made by the Contractor to the Subcontractor as follows: (choose one) ☐ - Immediately upon completion of the Services to the satisfaction of the Contractor. ☐ - Within ____ business days after completion of the Services to the satisfaction of the Contractor. ☐ - Shall be paid on a ☐ weekly ☐ monthly ☐ quarterly ☐ other ______________________ basis. If the Subcontractor completes the Services to the satisfaction of the Contractor, before the full amount or balance has been fully paid, any remaining amount shall be payable immediately. ☐ - Other: ________________________________________________________

  • Measurement and Payment Temporary traffic control work, including, but not limited to installation and removal of portable signs, cones, drums, skinny drums, flaggers, AFAD’s, changeable message boards, truck mounted attenuators, flashing arrow boards, and pilot vehicles will be paid at the contract lump sum price for

  • Payment Methods and Amounts There are limits on the amount of money you can send or receive through our Service. Your limits may be adjusted from time-to-time in our sole discretion. For certain Services, you may have the ability to log in to the Site to view your individual transaction limits. We or our Service Provider also reserve the right to select the method in which to remit funds on your behalf though the Service, and in the event that your Eligible Transaction Account is closed or otherwise unavailable to us the method to return funds to you. These payment methods may include, but may not be limited to, an electronic debit, a paper check drawn on the account of our Service Provider, or draft check drawn against your account.

  • Payment Methodology The Contractor shall be compensated based on the Service Rates in Attachment for units of service authorized by the Institution in a total amount not to exceed the Contract Maximum Liability established in Section C. 1. The Contractor’s compensation shall be contingent upon the satisfactory completion of units of service or project milestones identified in Attachment B. The Contractor shall submit invoices, in form and substance acceptable to the Institution with all of the necessary supporting documentation, prior to any payment. Such invoices shall be submitted for completed units of service or project milestones for the amount stipulated.

  • Settlement Amount If the Non-Defaulting Party has declared an Early Termination Date pursuant to Section 7.2(b), the Non-Defaulting Party shall have the right to (i) accelerate all amounts owing between the Defaulting Party and the Non-Defaulting Party and to liquidate and terminate the undertakings set forth in this Agreement as between the Defaulting Party and the Non-Defaulting Party; and (ii) withhold any payments due to the Defaulting Party under this Agreement pending payment of the Termination Payment. The Non-Defaulting Party will calculate, in a commercially reasonable manner, the Settlement Amount with respect to the Defaulting Party’s obligations under the Agreement and shall net the Settlement Amount in the manner provided for in Section 7.3(c).

  • Civil Penalty Payment Method Xxxxxx shall pay the civil penalty by check, credit card, wire transfer, or portal, payable to CARB, using instructions provided separately by CARB in a Payment Transmittal Form. Xxxxxx is responsible for all payment processing fees. Payments shall be accompanied by the Payment Transmittal Form to ensure proper application. CARB shall deposit the civil penalty amount into the Air Pollution Control Fund for the purpose of carrying out CARB’s duties and functions to ensure the integrity of its air pollution control programs. Should payment instructions change, CARB will provide notice to Xxxxxx in accordance with Paragraph 12 (Notices).

  • Notice and Payment A. Any notice required to be given under this Agreement shall be in writing and delivered personally to the other designated party at the above stated address or mailed by certified, registered or Express mail, return receipt requested or by Federal Express. B. Either party may change the address to which notice or payment is to be sent by written notice to the other under any provision of this paragraph.

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