Payment in Advance definition

Payment in Advance means procuring agency, on the request of service provider, shall make an advance payment at the closure of the financial year.
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Payment in Advance. Despite the foreseen in clauses SECOND AND THIRD of this contract, THE BORROWER can pay in advance the whole or part of the amount of money received as INTEREST BEARING LOAN and the conventional interests resulting from the application of the interest rate mentioned in Clause THIRD of this contract and caused until the date of the payment in advanced, at any moment of this contract effect, and for any other amount, without any penalty whatsoever, notifying THE BANK in written with at least TWO (2) BANK WORKING DAYS in advance in Caracas, Bolivarian Republic of Venezuela. In that case, it is understood that THE BANK will allocate the amount paid in advance, first to the interest caused and secondly to the remnant owed capital. Additionally, in this case, THE BORROWER AND THE BANK agree that the amount of the INSTALMENT TO AMORTIZE THE OWED CAPITAL and the conventional interests under this contract will be modified in mutual agreement to reflect the effect of said payment in advance. FIFTH: DEBT AUTHORIZATION OR CHARGE TO ACCOUNT OR DEPOSIT: THE BORROWER EXPRESSLY AND IRREVOCABLY AUTHORIZES THE BANK TO DEBIT OR CHARGE ANY ACCOUNT OR DEPOSIT IT MAINTAINS JOINTLY OR INDISTINCTLY WITH NATURAL OR JURIDICAL PERSONS IN THE BANK, ALL MATURED AMOUNTS OF MONEY TO BE DEBITED IN
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Payment in Advance. We require that you pay an initial deposit of $3,531.00 of the Total Minimum Anticipated Revenue indicated on the first page of this Agreement at the time of signing this Agreement. You agree to pay the entire remaining Total Minimum Anticipated Revenue in cash or by certified check at least ten days prior to your Event or by personal bank check no later than two weeks prior to your Event. If you prefer, all charges can be paid by credit card. Hilton accepts American Express, Diners Club, Discover Card, JCB International, Master Card or Visa. If credit has not been approved for your Event, you will provide us with the credit card to which all estimated master account charges will be charged no later than June 1st, 2013 If credit has been approved, you will provide us with your credit card information at the time of your Event. If payment of all undisputed charges is not received within thirty (30) days after your receipt of the final invoice, a finance charge of 1.5% per month, or the maximum amount allowed by law, whichever is less, will accrue on the unpaid, undisputed amount, commencing on the date of receipt of the final invoice.
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Examples of Payment in Advance in a sentence

  • Payment in Advance and Refund of Pre-Paid Fees LPL deducts the Account Fee quarterly in advance.

  • Liability for Payment in Advance of Receipt of Securities Purchased .

  • Liability for Payment in Advance of Receipt of Securities Purchased.................................................9 J.

  • Cepheid reserves the right to require alternative payment mechanisms, including without limitation, Sight Draft, Letter of Credit, or Payment in Advance.

  • KDDI reserves the right to require alternative payment terms, including, without limitation, Sign Draft, Letter of Credit, or Payment in Advance.

  • Liability for Payment in Advance of............................16-17 Receipt of Securities Purchased J.

  • At the end of a Negotiated or Payment in Advance Period, unless otherwise agreed, billing normally reverts to the “Monthly Billing” option described in paragraph a.

  • Payment in Advance: Invoices are to be submitted yearly in advance to the user agency/department to the ship-to address, unless otherwise directed in this Contract.

  • Liability for Payment in Advance of Receipt of Securities Purchased...................

  • Payment Terms – Payment in Advance: Payment shall be made in advance on a quarterly basis.


More Definitions of Payment in Advance

Payment in Advance means a tax payment made by a taxpayer that is to be applied on taxes not yet due. The taxpayer will indicate in writing his/her desire to have the taxes applied on taxes not yet due.
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Payment in Advance. Unless Group has established credit in advance with the Hotel, by completing Hotel’s direct bill application and receiving approval from Hotel’s accounting office, the entire Total Revenues owed pursuant to the Agreement must be paid ten (10) days prior to the earlier of (y) the Event Date or (z) the Arrival Date by credit card, cash or certified check. Hotel accepts American Express, Discover Card, JCB International, Master Card and Visa. Group acknowledges and agrees that a credit card must be provided upon execution of this Agreement until direct billing has been established. If credit has not been approved by Hotel for Group’s Event, the credit card provided to Hotel at the time the Agreement is executed will be charged the Total Revenues charges seventy-two (72) hours prior to the Event. Deposits Due Date Amount
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Related to Payment in Advance

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • SOFR Advance means an Advance that bears interest at a rate based on Term SOFR.

  • Advance Amount means, with respect to any Asset for which any Liquidation Proceeds are received, the product of (i) the Maximum Advance Rate and (ii) the Collateral Balance of such Asset immediately prior to the sale or payment that gave rise to such Liquidation Proceeds.

  • Principal Prepayment Period The month preceding the month in which the related Remittance Date occurs.