Payment Terms Clause Example with 4 Variations from Business Contracts

This page contains Payment Terms clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Payment Terms. All payments of principal of, and interest upon, this Note shall be made by the Maker to the Payee in cash in immediately available funds in lawful money of the United States by wire transfer to the bank account designated by the Payee in writing from time to time. All payments under this Note shall be made to the Payee without withholding, defense, set-off, counterclaim or deduction. Payments and prepayments made to the Payee by the Maker hereunder shall be applied first to expenses recoverable... under Section 13, then accrued interest and then to principal. If the due date of any payment under this Note would otherwise fall on a day that is not a business day, such due date shall be extended to the next succeeding business day, and interest shall be payable on any principal so extended for the period of such extension. View More
Found in PREMIER EXHIBITIONS, INC. contract

Variations of a "Payment Terms" Clause from Business Contracts

Payment Terms. All payments of principal of, and interest upon, this Note shall be made by the Maker to the Payee Agent for and on behalf of the Lenders and shall be paid in cash in immediately available funds in lawful money of the United States by wire transfer to the bank account designated by the Payee in writing from time to time. All payments under this Note shall be made to the Payee without withholding, defense, set-off, counterclaim or deduction. Payments and prepayments made to the Payee by the Maker... hereunder shall be applied first to expenses recoverable under Section 13, 16, then accrued interest and then to principal. If the due date of any payment under this Note would otherwise fall on a day that is not a business day, such due date shall be extended to the next succeeding business day, and interest shall be payable on any principal so extended for the period of such extension. extension 6. Use of Proceeds. Proceeds from the advances hereunder from the Lenders shall be used for the normal course of the Maker's business operations only pursuant to the terms and conditions hereunder. View More
Found in PREMIER EXHIBITIONS, INC. contract
Payment Terms. All payments of principal of, and interest upon, this Note shall be made by the Maker to the Payee Lender and shall be paid in cash in immediately available funds in lawful money of the United States by wire transfer to the bank account designated by the Payee in writing from time to time. All payments under this Note shall be made to the Payee without withholding, defense, set-off, counterclaim or deduction. Payments and prepayments made to the Payee by the Maker hereunder shall be applied firs...t to expenses recoverable under Section 13, 16, then accrued interest and then to principal. If the due date of any payment under this Note would otherwise fall on a day that is not a business day, such due date shall be extended to the next succeeding business day, and interest shall be payable on any principal so extended for the period of such extension. extension 6. Use of Proceeds. Proceeds from the advances hereunder from the Lender shall be used for the normal course of the Maker's business operations only pursuant to the terms and conditions hereunder. View More
Found in PREMIER EXHIBITIONS, INC. contract
Payment Terms. All payments of principal of, and interest upon, this Note shall be made by the Maker Issuer to the Payee in cash Cash in immediately available funds in lawful money of the United States of America, by wire transfer to the bank account designated by the Payee in writing from time to time. All payments under this Note shall be made to the Payee without withholding, defense, set-off, counterclaim or deduction. Payments and prepayments made to the Payee by the Maker hereunder shall be applied first... to expenses recoverable under Section 13, then accrued interest and then to principal. If the due date of any payment under this Note would otherwise fall on a day that is not a business day, such due date shall be extended to the next succeeding business day, and interest shall be payable on any principal so extended for the period of such extension. Any amounts repaid or prepaid under this Note shall not be reborrowed. View More
Found in Greenrose Acquisition Corp contract
Payment Terms. All payments of principal of, and interest upon, this Note shall be made by the Maker to the Payee in cash in immediately available funds in lawful money of the United States U.S. dollars, by wire transfer to the bank account designated by the Payee in writing from time to time. All payments under this Note shall be made to the Payee without withholding, defense, set-off, counterclaim or deduction. deduction; provided that the Payee agrees that the Maker may offset any and all amounts owing by i...t hereunder against any amounts owed to the Parent under the Backstop Agreement. Payments and prepayments made to the Payee by the Maker hereunder shall be applied first to expenses recoverable under Section 13, 11, then accrued interest and then to principal. If the due date of any payment under this Note would otherwise fall on a day that is not a business day, such due date shall be extended to the next succeeding business day, and interest shall be payable on any principal so extended for the period of such extension. View More
Found in Turning Point Brands, Inc. contract