Your Payment Obligations Clause Samples
The "Your Payment Obligations" clause defines the requirement for the party to make timely and complete payments as specified in the agreement. It typically outlines when payments are due, acceptable methods of payment, and any consequences for late or missed payments, such as interest charges or suspension of services. This clause ensures that both parties are clear on the financial expectations and helps prevent disputes related to non-payment or delayed payment.
Your Payment Obligations. Fees for the Cloud Service set out in Your purchase terms with Your Approved Source are non- refundable and payment obligations are non-cancellable, except as provided herein, in those purchase terms or where prohibited by law. If Your use of the Cloud Service(s) exceeds Your entitlement rights, you agree to pay for your excess use as required under Your purchase terms or Miri buying program.
Your Payment Obligations. Payment must be made in U.S. Dollars and is due in advance. If your credit or bank card provider refuses a charge or an automated withdrawal, we can terminate or suspend your Services. If you object to any fees or charges for Services billed by or through us, you must tell us in writing within 60 days after the fee or charge is incurred (unless the law does not allow a limit or the law requires a longer period), OR YOU WAIVE THE DISPUTE.
Your Payment Obligations. Failure to fulfill any payment obligations in a timely manner as provided herein will be considered to be a violation of this Service Agreement.
Your Payment Obligations. This clause explains your obligation to pay for the lease of the Goods. Our rights in the event of your failure to pay are set out in clause 6.
5.1 You must pay the Amount Due and the Total Rental Amount.
5.2 You must pay the Amount Due at the time of delivery of the Goods to you, or if the Contract is an Unsolicited Contract, you must pay it at the expiry of the Cooling-Off Period.
5.3 You must pay the Total Rental Amount:
(a) in full at the time of delivery if the Lease Period is for one month or less; or
(b) by paying the Rental Amount no later than the Payment Date for each Charge Period until the end of the Lease Period if the Lease Period is greater than a month.
5.4 We may also require you to pay at the time of delivery a sum of money as a deposit or bond if this amount is specified in the Lease Schedule. ▇▇▇▇▇▇▇ later in these Terms and Conditions explain how this money is dealt with.
5.5 Your obligation to pay the Rental Amount no later than the Payment Date for each Charge Period continues where any act or omission by you has caused the Goods to break down, become defective, damaged, under repair or otherwise not in your possession.
5.6 You are required to pay any fee or charge referred to in this Contract and any new fee or charge which we impose in accordance with our rights under this Contract.
Your Payment Obligations. (1) If you fail to comply with this Section 8 during the Employment Period and for a 12-month period thereafter, other than any isolated, insubstantial and inadvertent failure that is not in bad faith, you will:
(A) forfeit all (i) Options and other equity-based compensation (with features similar to exercise) that have been awarded by the Company to you and not been exercised at the time of determination and (ii) restricted stock and other equity-based compensation (without features similar to exercise) that have been awarded by the Company and not vested at the time of determination; and
(B) pay to the Company the amount of all gain to you within the 12 months before the time of determination from (i) the exercise of any Options and other equity-based compensation (with features similar to exercise) that have been awarded by the Company to you, (ii) the vesting of any restricted stock and other equity-based compensation (without features similar to exercise) that have been awarded by the Company to you and (iii) the forgiveness by the Company of any loan to you.
(2) To determine the amount you owe under this Section 8(c)(1)(B):
(A) The value of the Company’s common stock on any date will be calculated using the average closing sale price of the Company’s common stock on the NASDAQ Global Market for the 20 full trading days ending on that date.
(B) Gain on the exercise of stock options and other equity-based compensation with features similar to exercise will be based on the value of the Company’s common stock on the date of exercise.
(C) Gain on the vesting of any restricted stock and other equity-based compensation without features similar to exercise will be based on the value of the Company’s common stock on the date of vesting.
(D) Gain will be determined after any income taxes that you owe as a result of vesting, exercise or forgiveness (or would owe if the exercise or vesting resulted in the realization of income or gain at the time for income tax purposes) so long as you timely pay all of these taxes that you owe and you pay to the Company any federal, state or local income tax benefit to you as a result of paying the Company under this Section 8(c) within 5 Business Days of the time that you actually realize the benefit. A “Business Day” means any day on which banks are open for business in New York, New York.
(3) You will pay the Company under this Section 8(c) within 5 Business Days of notice by the Company, and the date of notice will be the d...
Your Payment Obligations. Use of the Card(s) or PIN(s) is controlled by you. All use of a Card will be and will be deemed to be your act and responsibility, whether or not the Card is or is not a valid Card. You will be liable for all transactions made using a Card, PIN or Card number or otherwise in connection with the Card services contemplated under this Agreement. You shall be responsible regardless of whether such Card transactions were effectuated: (a) by or on behalf of any authorized individual, or for any authorized purpose, or by an unauthorized person or in conflict with any usage limitation established by you; (b) using a valid PIN; or (c) in accordance with any rules or regulations of MasterCard, Maestro, the Bank or any merchant. Without limiting the foregoing, you are responsible for any and all transactions of any type processed through an authorized system if we receive transaction data identifying a Card, PIN or other access device as one issued to you. For purposes of this Agreement, an authorized system is any system that will process transaction data for valid Cards (including MasterCard, Maestro and any other POS or other system shown as a logo on any Card). You agree to pay us for all transactions for which you are liable under this Agreement and authorize us to charge any account of yours at Bank for the same (including but not limited to the Attached Account). Your liability for Card transactions will continue until the later of the time that all Cards are returned to Bank or you instruct Bank to cancel all Cards, and Bank has had a reasonable opportunity to cancel all Cards. You understand that loss or theft of a Card, or any unauthorized use of a Card, is no basis for you to avoid liability for a Card transaction, whether before or after you inform Bank of loss or theft of the Card (except as specifically provided in this Agreement). We may from time to time require closure of an Attached Account or accounts and reissuance of one or more Cards as a means of preventing further losses, and you agree to bear all costs associated with the same. Issuance of the Card(s) creates an inherent risk of unauthorized use. Authorization for use of the Cards and any PIN(s) is not dependent upon or limited to either those individuals specified on the signature card for an Attached Account or other individuals specifically authorized by you to use a Card or PIN. You assume the risk of loss associated with unauthorized use of the Cards or any derivative access (such as vir...
Your Payment Obligations. You must pay us the Service Fees in the manner set out in the Service Schedule or, in the event that the manner of paying the Service Fees is not set out in the Service Schedule, you must pay us the Service Fees in full when this Agreement is made.
Your Payment Obligations. 7.1 You must pay us for the Package Deal by way of a specified number of consecutive monthly payments ("Due Amounts").
7.2 Your first payment for the Package Deal will be due upon the first delivery of the Equipment.
7.3 With effect from the Commencement Date or the deadline referred to in clause 2.5.2 (whichever is the earlier), you will be liable for the payment of the Due Amounts regardless of whether or not -
7.3.1 you install or use the Equipment, unless we had not, within 14 days from the date of concluding the agreement, made arrangements for installation in terms of clause 3.1.2, in which case you will be liable for Equipment cost only.
7.3.2 your Equipment is lost, stolen or damaged or otherwise capable of being used optimally or at all;
7.3.3 we have suspended your access to the access to the Service in accordance with clause 19 below;
7.3.4 you access or continue to access the Service; or
7.3.5 you are in the Coverage Area.
7.4 We may use payment systems owned and operated by third parties ("Payment System Providers") to facilitate the collection of Due Amounts and other amounts payable by you.
7.5 You agree to authorise us –
7.5.1 to collect all Due Amounts by means of a debit order which will be payable on the Monthly Due Dates; and
7.5.2 to include the Due Amounts in terms of this Agreement in any other debit order authorised or to be authorised by you to pay for other services provided by us, so that only one debit order is payable and debited against your bank account.
7.6 The Service is provided on a pre-paid basis.
7.7 In order to have continued access to the Service you must make, and we must receive, your payment of the Due Amount on or before the Monthly Due Date.
7.8 If we do not receive payment of your Due Amount as contemplated in clause 7.6 above, we may suspend your access to the Service, as contemplated in clause 19 below.
7.9 If your access to the Service is suspended, we will not reactivate your access to the Service until we have received payment of your overdue and Due Amounts and the Reactivation Fee.
Your Payment Obligations. You agree to pay any and all amounts due or incurred by You as specified in the invoice for the applicable subscription to the Licensed Materials (the "Fees"). The invoice may be issued by Tenable or one of its authorized distributors, as applicable. Payment is due upon delivery of an invoice unless other terms have been agreed upon by Tenable. You agree to pay directly or reimburse Tenable (or the authorized distributor, as applicable) for any taxes (including, sales or excise taxes, value added taxes, landing fees, import duties and the like), however designated and whether foreign or domestic, arising out of this Agreement, imposed on the Plugins or the use thereof, or Tenable’s performance under this Agreement. You agree to pay invoices under this Agreement without deducting any present or future taxes, withholdings or other charges except those deductions it is legally required to make. If You are legally required to make any deductions, You agree to pay such amounts as are necessary to make the net amounts remaining after such deductions equal to the stated amount due under this Agreement. The payments or reimbursements will be in such amounts as are sufficient to relieve Tenable (or the authorized distributor, as applicable) from owing any further taxes, either directly or on the basis of the payments made under this Agreement. Notwithstanding the foregoing, Tenable will be solely responsible for its income tax obligations and all employer reporting and payment obligations with respect to its personnel. You agree to pay any interest and penalties imposed by any taxing authorities to the extent such interest and penalties are applicable to taxes not paid at Your request or as a result of reliance by Tenable (or the authorized distributor, as applicable) on Your representations. If a certificate of exemption or similar document or proceeding is necessary in order to exempt any transaction from a tax, You will obtain such certificate or document.
Your Payment Obligations. With respect to every Contract purchased, sold or cleared for Your Account, You shall (a) make all applicable margin and premium payments and perform all other obligations attendant to transactions or positions in such Contracts, as such payments or performance may be required consistent with Applicable Law, and (b) pay upon demand (i) all commissions and fees (ii) all contract market, clearing house or clearing firm fees or charges, (iii) any tax or fee imposed on such transactions by any competent authority, including any self-regulatory organization, (iv) the amount of any trading losses in Your Account, (v) any debit balance or deficiency remaining in Your Account upon liquidation of any Contract held in Your Account; and (vi) interest on any debit balances remaining in Your Account at the overnight rate customarily charged together with all reasonable costs and expenses (including without limitation reasonable attorneys' fees) incurred in collecting any such debit balance or in exercising any rights specified in Section 6 of this Agreement.