Place of Payment definition: Copy, customize, and use instantly
Introduction
The term "Place of Payment" refers to the location where payments for financial obligations, debts, or other monetary amounts are to be made as specified in a contract. The term is important to clarify in any agreement to ensure that payment terms are clear and enforceable.
Below are various examples of how "Place of Payment" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Place of Payment" in loan agreements
This definition ties "Place of Payment" to loan-related transactions.
"Place of Payment" refers to the location where all payments under this loan agreement must be made, which shall be at the lender's office located at [specified address] or any other place designated by the lender in writing.
Definition of "Place of Payment" in bond issuance
This definition connects "Place of Payment" to bond transactions.
"Place of Payment" means the location where bondholders are to receive payments, which shall be [specified address], or any other location as specified by the issuer in writing.
Definition of "Place of Payment" in a sale agreement
This definition links "Place of Payment" to transaction agreements.
"Place of Payment" refers to the designated place where payment for the sale of goods shall be made, specifically at the buyer’s principal office or any other place agreed upon by both parties.
Definition of "Place of Payment" in contracts involving services
This definition ties "Place of Payment" to service agreements.
"Place of Payment" means the location at which payments for services rendered under this agreement shall be made, to be determined as the service provider's business address or another mutually agreed location.
Definition of "Place of Payment" in commercial leases
This definition connects "Place of Payment" to lease contracts.
"Place of Payment" refers to the address at which rental payments shall be made, which is the landlord's designated office at [specified address], unless otherwise agreed upon by both parties.
Definition of "Place of Payment" in the context of insurance premiums
This definition links "Place of Payment" to insurance policies.
"Place of Payment" refers to the location where the policyholder must make premium payments, which shall be at the insurer's office located at [specified address], or an alternate location as indicated in the policy.
Definition of "Place of Payment" in credit agreements
This definition ties "Place of Payment" to credit facilities.
"Place of Payment" means the address or location where all amounts owed under the credit agreement are to be paid, which is the lender's office or another location as designated by the lender.
Definition of "Place of Payment" in securities agreements
This definition connects "Place of Payment" to securities transactions.
"Place of Payment" refers to the location where payments on securities, including dividends or principal amounts, must be made, specified as the securities administrator's office or another designated site.
Definition of "Place of Payment" in tax obligations
This definition links "Place of Payment" to tax-related payments.
"Place of Payment" means the location where tax payments under this agreement must be made, which will be at the designated tax authority office or any other location specified by the tax authority.
Definition of "Place of Payment" in rental agreements
This definition ties "Place of Payment" to rental transactions.
"Place of Payment" refers to the location where rent payments under this lease agreement should be made, which is the landlord’s office at [specified address] or another location specified by the landlord.
Definition of "Place of Payment" in mortgage contracts
This definition connects "Place of Payment" to mortgage-related payments.
"Place of Payment" means the location where the borrower must make mortgage payments, which shall be at the lender’s office at [specified address] or another place the lender designates in writing.
Definition of "Place of Payment" in a joint venture agreement
This definition ties "Place of Payment" to business agreements.
"Place of Payment" refers to the location where payments related to this joint venture agreement will be made, which shall be at the address of the managing partner or another place agreed upon by both parties.
Definition of "Place of Payment" in a franchise agreement
This definition links "Place of Payment" to franchise arrangements.
"Place of Payment" means the location where payments due under this franchise agreement will be made, which is the franchisor’s office at [specified address], unless an alternative location is agreed upon in writing.
Definition of "Place of Payment" in a distribution agreement
This definition connects "Place of Payment" to distribution contracts.
"Place of Payment" refers to the location at which payments under this distribution agreement should be made, which is the distributor's office at [specified address], or another location agreed to by the parties.
Definition of "Place of Payment" in employment contracts
This definition ties "Place of Payment" to salary agreements.
"Place of Payment" refers to the location where an employee’s salary or wages will be paid, which will be at the employer’s office at [specified address], or any other location agreed upon by both parties.
Definition of "Place of Payment" in partnership agreements
This definition connects "Place of Payment" to business partnerships.
"Place of Payment" refers to the location where payments under this partnership agreement, including contributions and distributions, will be made, which is the partnership's office at [specified address], unless otherwise agreed by the partners.
Definition of "Place of Payment" in loan agreements with international parties
This definition links "Place of Payment" to cross-border agreements.
"Place of Payment" refers to the location where payments under this international loan agreement will be made, which will be at the lender’s office in [specified city and country] or any location designated by the lender.
Definition of "Place of Payment" in a promissory note
This definition ties "Place of Payment" to debt instruments.
"Place of Payment" means the place where payments under this promissory note shall be made, which will be at the holder’s office at [specified address], unless another location is designated by the note holder.
Definition of "Place of Payment" in a payment settlement agreement
This definition connects "Place of Payment" to settlement transactions.
"Place of Payment" refers to the location where settlement payments under this agreement will be made, specified as the settlement agent’s office or another mutually agreed location.
Definition of "Place of Payment" in a service level agreement
This definition links "Place of Payment" to service contract terms.
"Place of Payment" means the location where payments for services rendered under this service level agreement shall be made, which will be at the service provider’s office at [specified address].
Definition of "Place of Payment" in a commercial contract
This definition connects "Place of Payment" to business agreements.
"Place of Payment" refers to the location where payments under this commercial contract will be made, which will be at the office of the seller or any other location agreed by the parties in writing.
Definition of "Place of Payment" in a construction contract
This definition ties "Place of Payment" to construction project agreements.
"Place of Payment" means the location where payments for services and materials under this construction contract will be made, which is at the contractor's office or an alternate place specified by the contractor.
Definition of "Place of Payment" in intellectual property agreements
This definition links "Place of Payment" to IP-related transactions.
"Place of Payment" refers to the location where payments for intellectual property rights under this agreement will be made, which is at the licensor’s office at [specified address].
Definition of "Place of Payment" in an import/export agreement
This definition connects "Place of Payment" to international trade agreements.
"Place of Payment" means the location where payments under this import/export agreement are to be made, which will be at the exporter’s office at [specified address] or any location designated by the exporter.
Definition of "Place of Payment" in a securities lending agreement
This definition ties "Place of Payment" to securities transactions.
"Place of Payment" refers to the location where payments under the securities lending agreement will be made, which is the borrower’s office at [specified address] or another location as agreed.
Definition of "Place of Payment" in an investment agreement
This definition connects "Place of Payment" to financial investment agreements.
"Place of Payment" means the location where payments under this investment agreement will be made, which is the investor's office or another location mutually agreed upon in writing.
Definition of "Place of Payment" in credit card agreements
This definition links "Place of Payment" to credit card transactions.
"Place of Payment" refers to the location where payments under this credit card agreement are to be made, which is the bank’s designated office or payment center.
Definition of "Place of Payment" in leasing agreements
This definition ties "Place of Payment" to equipment leasing contracts.
"Place of Payment" refers to the location where rental payments for leased equipment must be made, which is the lessor’s office at [specified address], or a different location agreed upon by both parties.
Definition of "Place of Payment" in a commercial loan agreement
This definition connects "Place of Payment" to business loan servicing.
"Place of Payment" means the designated location where loan payments under this agreement should be made, which is the lender's office at [specified address], unless otherwise modified by the lender.
Definition of "Place of Payment" in a supply agreement
This definition ties "Place of Payment" to supply contracts.
"Place of Payment" refers to the location where payments for goods supplied under this agreement are to be made, which shall be at the supplier’s office or another agreed-upon location.
Definition of "Place of Payment" in international contracts
This definition links "Place of Payment" to cross-border agreements.
"Place of Payment" means the location at which payments under this international agreement must be made, which will be the office of the recipient party at [specified address].
Definition of "Place of Payment" in retail contracts
This definition connects "Place of Payment" to retail transactions.
"Place of Payment" refers to the location where payments under this retail agreement will be made, which is the retailer’s office or store at [specified address].
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.