Time and Method for Payment Sample Clauses

Time and Method for Payment. 1. If a demand for payment is made on a Business Day to us prior to 11:00 a.m. in strict conformity with the terms and conditions hereof, payment shall be made to you, not later than 3:30 p.m. on the second succeeding Business Day (or third succeeding Business Day if the account is outside the United States) or such later date as you may specify in such demand for payment. All times referenced herein are as of New York, New York time. 2. Unless otherwise agreed, payment under this Letter of Credit shall be made in immediately available funds to such bank accounts specified by you in the demand for payment.
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Time and Method for Payment. We hereby agree to honor a drawing hereunder made in compliance with this Letter of Credit by transferring in immediately available funds the amount specified in the Draft delivered to us in connection with such drawing to such account at such bank in the United States as you may specify in your Draw Certificate. If the Draw Certificate is presented to us at such address by 12:00 noon, [_______] time on any Business Day, payment will be made not later than our close of business on third succeeding business day and if such Draw Certificate is so presented to us after 12:00 noon, [_______] time on any Business Day, payment will be made on the fourth succeeding Business Day. In clarification, we agree to honor the Draw Certificate as specified in the preceding sentences, without regard to the truth or falsity of the assertions made therein.
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Time and Method for Payment. We hereby agree to honor a drawing hereunder made in compliance with this Letter of Credit by transferring in immediately available funds the amount specified in the Draft delivered to us in connection with such drawing to such account at such bank in the United States as you may specify in your Draw Certificate at the opening of business on the second Business Day next succeeding the date of presentation of the Draw Certificate. In clarification, we agree to honor the Draw Certificate upon receipt thereof, without regard to the truth or falsity of the assertions made therein.
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Time and Method for Payment. (a) If any such Drawing, other than a Liquidity Drawing, is made by you in strict conformity with the terms and conditions of this Letter of Credit, we will honor such Drawing, if such Drawing is received by us prior to 4:00 P.M., not later than 12:00 p.m. on the following Business Day or such later date as you may specify in such Drawing. If any such Drawing, other than a Liquidity Drawing, is made by you in strict conformity with the terms and conditions of this Letter of Credit, we will honor such Drawing, if such Drawing is received by us prior at or after 4:00 P.M., not later than 12:00 p.m. on the second following Business Day or such later date as you may specify in such Drawing. If a Liquidity Drawing is made by you in strict conformity with the terms and conditions of this Letter of Credit, we will honor the Drawing, if such Drawing is received by us prior to 11:00 A.M. a Business Day, not later than 2:00 p.m. on such Business Day or such later date as you may specify in such Drawing. If a Liquidity Drawing is received by us on a day which is not a Business Day or is received after 11:00 A.M. on a Business Day, such Liquidity Drawing shall be deemed to have been received by us on the next Business Day, and we will honor such Liquidity Drawing by 2:00 p.m. on the Business Day on which the Drawing is deemed to have been received by us; provided in any case that the Business Day on which a Drawing is requested to be honored by us in accordance with the terms of this Paragraph 7 is on or prior to the Termination Date. All times referenced herein are as of New York City time. (b) Unless otherwise agreed, payment under this Letter of Credit shall be made by Fedwire in immediately available funds to [U.S. Bank National Association, ABA No. [ ], Account No. [ ], Attn: Xxxxxxx Xxxxxxxxx, Ref: City of Austin, Texas Hotel Occupancy Tax Subordinate Lien Variable Rate Revenue Refunding Bonds, Series 2008, Subseries 2008A]. For the purposes of determining compliance with the times for payment specified in (a) above, payment shall be deemed to have been made by us when we have delivered appropriate wire transfer instructions to an appropriate Federal Reserve Bank. (c) All payments made by the Bank under this Letter of Credit shall be made with the Bank’s own funds.
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Time and Method for Payment. (a) If demand for payment is made on a Business Day in strict conformity with the terms and conditions hereof, payment shall be made to you (i) in the case of a Principal Drawing or an Interest Drawing, if a demand for payment is received by us prior to 4:00 p.m. New York time, not later than 10:00 a.m. New York time on the next succeeding Business Day or such later date as you may specify in such demand for payment; and (ii) in the case of a Purchase Drawing for, if a demand for payment is received by us prior to 4:00 p.m. New York time, not later than 10:00 a.m. New York time on the next succeeding Business Day or such later date as you may specify in such demand for payment. If such demand for payment is received by us after the applicable times, such demand shall be deemed to have been received on the next Business Day. All times referenced herein are as of New York, New York time. (b) Unless otherwise agreed, payment under this Letter of Credit pursuant to an Interest Drawing, a Principal Drawing or a Purchase Drawing shall be made by Fedwire in immediately available funds to the Bond Trustee's account at The Chase Manhattan Bank, N.A., Xxx Xxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA 000-000-000, for credit to the account of United States Trust Company of New York, Account No. _________________. For the purposes of determining compliance with the times for payment specified in (a) above, payment shall be deemed to have been made by us when we have delivered appropriate wire transfer instructions to an appropriate Federal Reserve Bank. (c) All payments made by the Bank under this Letter of Credit shall be made with the Bank's own funds.
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Time and Method for Payment. Invoices issued by Diggatruck Limited require payment within 7 days, unless otherwise specified in writing. Trade or extended credit terms are not offered, and invoices are sent via email. Payment methods specified on the invoice are accepted.
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Time and Method for Payment. Notwithstanding any provisions to the contrary in the Uniform Commercial Code or the Uniform Customs and Practices for Documentary Credits, if a Demand for Payment is made by you at or prior to 11:00 A.M. on a Business Day, and provided that such Demand for Payment is accompanied by the certificate specified in paragraph 3 hereof, payment shall be made to you of the amount demanded on or before 3:00 P.M. on the same Business Day; if any demand for payment is made by you after 11:00 A.M., such demand shall be deemed to have been received prior to 11:00 A.M. on the next Business Day. Payments made in accordance with this paragraph 5 shall be made with the Bank’s own funds in immediately available funds by federal reserve wire transfer unless the Beneficiary agrees to accept payment by cashier’s check.
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Time and Method for Payment. We hereby agree to honor a drawing hereunder made in compliance with this Letter of Credit by transferring in immediately available funds the amount *** CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. specified in the Draft delivered to us in connection with such drawing to such account at such bank in the United States as you may specify in your Draw Certificate. If the Draw Certificate is presented to us at such address by 10:00 a.m., California time on any Business Day, payment will be made not later than 3:00 p.m., California time on the next day and if such Draw Certificate is so presented to us after 10:00 a.m., California time on any Business Day, payment will be made on the second Business Day. In clarification, we agree to honor the Draw Certificate upon receipt thereof, without regard to the truth or falsity of the assertions made therein.
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Time and Method for Payment. We hereby agree to honor a drawing hereunder made in compliance with this Letter of Credit by transferring in immediately available funds the amount specified in the Draft delivered to us in connection with such drawing to such account at such bank in the United States as you may specify in your Draw Certificate. If the Draw Certificate is presented to us at such address by 10:00 a.m., PST on any Business Day, payment will be made not later than 3:00 p.m., PST of such day and if such Draw Certificate is so presented to us after 10:00 a.m., PST on any Business Day, payment will be made on the following Business Day. In clarification, we agree to honor the Draw Certificate upon receipt thereof, without regard to the truth or falsity of the assertions made therein.
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Related to Time and Method for Payment

  • Procedure for Payment Whenever a payment for fractional Rights, Preferred Shares or Common Shares is to be made by the Rights Agent pursuant to this Agreement, the Company will (i) promptly prepare and deliver to the Rights Agent a certificate setting forth in reasonable detail the facts related to such payment and the prices or formulas utilized in calculating such payments; and (ii) provide sufficient monies to the Rights Agent to make such payments. The Rights Agent will be fully protected in relying upon such certificate and will have no duty with respect thereto, and will not be deemed to have knowledge of any payment for fractional Rights, Preferred Shares or Common Shares pursuant to this Agreement unless and until the Rights Agent has received such certificate and sufficient monies.

  • Applications for Payment 9.3.1 At least ten days before the date for each progress payment established in the State- Contractor Agreement, the Contractor shall submit to the Architect an itemized Application for Payment, notarized if required, supported by such data substantiating the Contractor's right to payment as the State or the Architect may require. The application for payment must, at a minimum, reflect retainage and the required waivers of lien and any other support documentation enumerated elsewhere in the Contract Documents. 9.3.2 Unless otherwise provided in the Contract Documents, payments will be made on account of materials or equipment not incorporated in the Work but delivered and suitably stored at the site and, if approved in advance by the State, payments may similarly be made for materials or equipment suitably stored at some other location agreed upon in writing. Payments for materials or equipment stored on or off the site shall be conditioned upon submission by the Contractor of bills of sale or such other procedures satisfactory to the State to establish the State's title to such materials or equipment or otherwise protect the State's interest, including applicable insurance and transportation to the site for those materials and equipment stored off the site. 9.3.3 The Contractor warrants that title to all Work, materials and equipment covered by an Application for Payment will pass to the State either by incorporation in the construction or upon the receipt of payment by the Contractor, whichever occurs first, free and clear of all liens, claims, security interests or encumbrances, hereinafter referred to in this Article 9 as "liens"; and that no Work, materials or equipment covered by an Application for Payment will have been acquired by the Contractor, or by any other person performing Work at the site or furnishing materials and equipment for the Project, subject to an agreement under which an interest therein or an encumbrance thereon is retained by the seller or otherwise imposed by the Contractor or such other person.

  • Application for Payment The form acceptable to Owner that is to be used by the Contractor during the course of the Work in requesting payment from the Owner and that is to be accompanied by such supporting documentation as is required by the Contract Documents.

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