Payment Instalment definition
Examples of Payment Instalment in a sentence
Not more than 90% of the Service Fee shall be paid to the Contractor on the Payment Instalment Dates, or on satisfactory completion of the Services or other circumstances set out in Schedule 2.
The School Council is not obliged to pay a Payment Instalment unless the Contractor issues a valid tax invoice to the School Council 30 days prior to the Payment Instalment Date.
Agent’s Commission will be payable by the Contractor to the Agent, in accordance with the Mandate Agreement concluded between the Seller the Contractor and the Agent, with the First Payment Instalment received.
Within the 2 months prior to the next Payment Period, where the highest performing test result yields a reserve of 10MW, the Payment Instalment attributable to the Performance Amount for the next Payment Period will be 100% of the original Payment Instalment.
For example, where the reserve initially contracted is 10MW, but the highest performing test result or activation during the First Test Period yields a reserve of 8MW, the Payment Instalment attributable to the Performance Amount will be 80% for the first Payment Period.
The School Council is not obliged to pay a Payment Instalment unless the Contractor has: complied with each of its obligations under this Contract; issued the School Council a valid tax invoice no less than 30 days prior to the Payment Instalment Date; and provided the School Council with Student Results in accordance with clause 4.2(b).
The Payment Instalment Plan applicable during Year 1 shall be determined in accordance with Clause 4.2.
You need to be aware of the following key dates and payment schedules and timescales: Payment Instalment dates Deposits – within 48 hours of application being accepted.
Payments will be made in six-monthly instalments on the expected payment dates set out below: Payment Instalment (plus GST (if any)) Date Payment 1 $[Insert amount of instalment] The first payment will be made on the first available Payment Date, being at least two working days after the date the contract is signed by both parties.
Payments will be made in six-monthly instalments on the expected payment dates set out below: Payment Instalment (plus GST (if any)) Date Payment 1 $[Insert amount of instalment] The first payment will be made on the first available payment date, being at least two working days after the date the contract is signed by both parties.