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

  • Short payment If an employee is short paid, the outstanding amount owing is to be paid within 48 hours or as agreed by the employee.

  • AMC had received a warning letter dated November 29, 2019 from SEBI w.r.t. Short payment of service fees or annual fees for the financial year 2017-18 in accordance with Regulation 12 of SEBI (Mutual Funds) Regulations, 1996.

  • Subject to Section 13.10, amendments to the NEPOOL Agreement shall be accomplished as follows: (a) Amendments shall be drafted by a standing or ad hoc NEPOOL committee, a Participant, or the System Operator and sent to the Participants Committee for its consideration.

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

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

  • Short payment If you pay an amount less than the total amount due (including any SCH Online fees and charges if applicable), and a top-up payment is not received within 10 Business Days, the entire payment will be refunded to your nominated bank account.

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

  • Short payment of the applicant’s salary from 28 March 2015 to 29 February 2016.

  • These issues were: • Issue 1: Short payment calculation (clause 9.24.3) – currently resulting in either double payment to some parties or not all money received being paid out;• Issue 2: Contradiction between use of Metered Schedules and meter data in the Default Levy clause (clause 9.24.5);• Issue 3: Definition of Metered Schedule; and• Issue 4: Use of Financial Year versus Capacity Year.

Related to Short payment

  • 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.

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

  • Adjustment Payment shall have the meaning specified in Section 3.09(a).

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