Balance Payment definition
Balance Payment means the balance of the Advertised Rate
Balance Payment balance payment representing at maximum the difference between the sum of the 1st and 2nd payments and the total grant for the Partner, as specified in Article 5, Clause 1 hereinbefore; due within 30 days after the remittance of the balance payment by DZS to the Beneficiary, provided that the Partner will have fulfilled all duties with deadlines scheduled before the final report date; the balance payment may amount to a lower sum than the assumed one if the balance payment from DZS to the Beneficiary also amounts to a lower sum than assumed; the balance payment may amount to a higher sum than the assumed one if the 2nd payment is reduced, provided that the Partner will have fulfilled all duties with deadlines scheduled before the final report date and that the reduction of the 2nd payment will not result in reduction of the total grant contribution provided by DZS to the Beneficiary; the maximum amount of the balance payment is specified in Annex 4, Clause 3c) of this contract. All payments shall be regarded as advances pending explicit approval by DZS of the final report, the corresponding cost statement and the quality of the project results. The Partner is responsible for providing financial resources for the project implementation in the case that the advances are delayed after the real spending of the budget. The Beneficiary and the Partner have agreed that all financial transactions which the Beneficiary is entitled to claim under this contract will be made by means of bank transfer to the bank account of the Partner as specified in Annex 4, Clause 4 of this contract.
Balance Payment shall have the meaning set forth in Section 4.
Examples of Balance Payment in a sentence
A refundable Security/Cleaning/Damage Deposit of $200 is due at the time Balance Payment is due.
Full Balance Payment of Rental Invoice is due no later than 2 Weeks prior to Collection of Vehicle.
On receipt of the Balance Payment, advice of key collection arrangements and instructions for the property will be sent to the Hirer.
Pacific Class® 400 Rig Construction Contract (PPl Hull No. P2047) For the purpose of clarification and avoidance of doubt, the accrual of the interest on the Balance Payment as provided above shall commence on the date on which the Rig is actually delivered to the Buyer.
No Balance Payment is due if the Rig is not delivered under this Agreement.
More Definitions of Balance Payment
Balance Payment means the balance of the Advertised Rate payment plus any extras not already paid for due after the Booking Payment is made by The Client. This is approximately 50% to 60% of the Advertised Rate. This is due for payment 6 calendar months before the Check-In Date. If the Check-In Date falls in under 6 calendar months, then this payment will be collected as part of the Booking Payment;
Balance Payment means the payment of all outstanding monies related to the cost of the Trip.
Balance Payment has, in respect of each Aircraft, the meaning assigned to it in Clause 6.2.8.
Balance Payment means with respect to any Pool of Purchased Receivables an amount equal to:
Balance Payment. If no other payment is received 30 days prior to arrival, we will automatically run the balance on the credit card on file. Balance is due no later than 30 days prior to your arrival date. We can keep the balance payment on the same credit card used for the initial payment, you can call with a different card, or a check or money order can be issued at least 30 days prior to your arrival. Please send your check or money order with a signed copy of the rental agreement. Terms and Conditions: Effective Time: Definitions:
Balance Payment. The Balance Payment is the difference between the Deposit for Travel and the total cost of the safari/travel services as reflected on the face of the relevant Sikeleli Travel Invoice sent to the traveller. The Balance Payment of the cost of the safari/travel services must be paid no later than eight weeks before the departure date of travel. Payment for Amendments: Payment for any amendments made by the traveller to their itinerary which increase the cost of the safari/travel services, shall be made no later than the time of the Balance Payment. Any amendments made by the traveller to their itinerary which reduce the cost of the Safari/travel services shall be made by a refund from Sikeleli Travel to the traveller no later than fourteen days after the Balance Payment is received. Should a traveller(s) test positive for COVID-19 prior to or during their planned trip, our team will provide assistance with travel logistics and bookings for a property set up for quarantine stays. However, the costs for these additional services and any consequent or related charges shall be borne upon the traveller(s). The Agency’s standard cancellation terms are as follows. Cancellation of the traveller’s booking must be in writing. Cancellations are only valid upon receipt of written notification whereupon the deposit for travel deposit is forfeited, unless otherwise specifically agreed in writing. These are extracts of cancellation policies, which have been taken verbatim from the relevant operator’s and providers terms & conditions. Cancellation fees are levied when the traveller cancels confirmed reservations. The costs of the cancellation fees will escalate the closer the traveller cancels to his/her confirmed departure date. Penalties escalate from forfeiting the deposit for travel to full price 6 weeks out as follows: • Sikeleli Travel requires a non-refundable deposit for travel of 30% of the total cost of the safari/travel services. Payment of the deposit for travel will secure all booking on the traveller’s itinerary and will also be deemed as acceptance, by the traveller, of the terms and conditions of the Agreement. • If a cancellation is made by the traveller between 55 to 42 days (approximately 6-8 weeks) prior to the date of departure (the first day of the safari/travel services), the traveller loses 50% of the total safari/travel services price. * • For all NEW safari/travel services bookings made from 30th May 2020 onwards and until otherwise advised in writi...
Balance Payment means the balance of the Trip Cost after payment of the Deposit and Interim Payment. “Booking Conditions” means these booking conditions. “Booking Confirmation” means the paper or electronic document issued by STC on receipt of the Deposit which confirms that the Contract has come into existence.