Short payment definition

Short payment as used in this clause means the partial payment of an invoice for goods/services actually rendered at the time of payment when the invoice includes additional goods/services that have not yet been provided/rendered.
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Short payment as used in this clause means an invoice that includes the cost or price for supplies or services delivered or performed, as well as the cost or price for supplies or services not yet tendered to the Government in accordance with the terms of the contract, order or agreement.
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Examples of Short payment in a sentence

  • Non payment / Short payment of ESI, EPF will be recovered from the contractors bill and the same will be remitted to the concerned Department.

  • Non payment / Short payment of ESI, EPF will be recovered from the contractors xxxx and the same will be remitted to the concerned Department.

  • Challans of the previous monthandGST payment for making payments.Non payment / Short payment of ESI, EPF will be recovered from the contractors bill and the same will be remitted to the concerned Department.

  • Short payment to beneficiaries ± Ramai Housing SchemeThe Ramai Housing Scheme was introduced by the State Government from 2010-11.

  • Short payment/ payment of less fee by selecting wrong category shall have the effect of rejection of candidature.

  • Short payment timelines allow companies to disconnect customers quickly after delivery of bills.

  • Short payment for each quarter will attract interest at the rate of 20% per annum up to 30th April, 2011.

  • These issues were as follows: • Issue 1: Short payment calculation – currently results in either double payment to some parties or not all money received being paid out;• Issue 2: Contradiction between the use of Metered Schedules and meter data in the Default Levy clause; and• Issue 3: Use of Financial Year versus Capacity Year – timing of the end of year re-allocation of any outstanding Default Levies.

  • Short payment or non-payment of duty on excisable goods is to be recovered by issue of show cause notice under section11A of the Act within a period of six months (one year after 11 May 2000) in normal cases of short levy/non-levy of duty.Jaipur-I commissionerate, raised a demand of Rs.2.35 crore against M/s.

  • Short payment periods, such as 3 or 7 days, accounted for a decisive minority in the contracts under examination.

Related to Short payment

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Installment Payment means the partial payment of court debt which is divided into portions that are made payable at different times.

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Restricted Debt Payment has the meaning set forth in Section 6.04(b).

  • Net Payment With respect to any Distribution Date on or prior to the Swap Contract Termination Date, an amount equal to the sum of (i) any Current Interest and Interest Carry Forward Amounts in respect of the Benefited Certificates, (ii) any Net Rate Carryover in respect of the Benefited Certificates, (iii) any Unpaid Realized Loss Amounts in respect of the Benefited Certificates and (iv) any Overcollateralization Deficiency Amount, in each case remaining unpaid (or in the case of Overcollateralization Deficiency Amount, remaining) following the distribution to the Benefited Certificates of Excess Cashflow and Credit Comeback Excess Cashflow pursuant to Section 4.04(c) of the Pooling and Servicing Agreement. With respect to any Distribution Date after the Swap Contract Termination Date, zero.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Scheduled Funded Debt Payments means, as of any date of determination for the Borrower and its Subsidiaries, the sum of all scheduled payments of principal on Funded Debt for the applicable period ending on the date of determination (including the principal component of payments due on Capital Leases during the applicable period ending on the date of determination).

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Payment Amount has the meaning specified in Section 6.1.

  • Individual Settlement Payment means the amount payable from the Net

  • Upfront Payment has the meaning set forth in Section 4.1.

  • AHYDO Payment means any mandatory prepayment or redemption pursuant to the terms of any Indebtedness that is intended or designed to cause such Indebtedness not to be treated as an “applicable high yield discount obligation” within the meaning of Section 163(i) of the Code.

  • Debit Payment means a particular transaction where a debit is made.

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Upper payment limit means the maximum ceiling imposed by

  • Adjustment Payment means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Earn-Out Payment has the meaning set forth in Section 2.3(a).

  • Restricted Debt Payments has the meaning set forth in Section 6.04(b).

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Advance Payment shall have the meaning set forth in Clause 19.2; “Affected Party” shall have the meaning set forth in Clause 21.1;

  • Next Payment means, in respect of each Next Payment Date, the greater of (i) the amount of any payments due to be made by Party A under Section 2(a) on such Next Payment Date less any payments due to be made by Party B under Section 2(a) on such Next Payment Date (in each case, after giving effect to any applicable netting under Section 2(c)) and (ii) zero.

  • Option Payment shall have the meaning set forth in Section 3.4.