Applicable Payment Period definition
Examples of Applicable Payment Period in a sentence
Any such amount will be paid within the Applicable Payment Period or if later, at the time provided in the applicable bonus plan.
The Insurer will not be responsible for, and the Company will hold the Insurer harmless for, (A) any failure, or alleged failure, of the Company to pay or cause to be paid any applicable portion of any Payment to any applicable Payee pursuant to the Contract during the Applicable Payment Period and (B) directing the Insurer to make a bulk payment for any Payment Period in an amount that is not equal to the Aggregate Monthly Payment.
After the the first (1st) anniversary of the Commencement Date, Licensee shall pay to JUST an amount equal to 10% of the Management Fees attributable thereto for the Applicable Payment Period in immediately available, U.S. dollar-denominated funds (such amount, the “Approved Product Fee”) as long as the Approved Products remain active.
Any amount not paid within the Applicable Payment Period shall bear interest at the Applicable Rate from the date such amount is due.
JUST shall be responsible for the payment of all fees of the applicable certified public accountant unless such audit discloses an underpayment to JUST of more than ten percent (10%) during any Applicable Payment Period, in which case Licensee shall bear the full cost of such audit.