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Define: Payment Schedule

The meaning of “Payment Schedule” differs based on where it is used. We list many below, then combine them into one or more market-standard definitions.

Which definition should you use?

🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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What is the most popular definition of 'Payment Schedule'?

means, for the first Contract Year, the schedule for payment of the Fee for the first Contract Year at Schedule 3 Part 1 Schedule 3 and, for each subsequent Contract Year, the schedule for payment of the Fee as is agreed by the Parties in writing in accordance with Schedule 3 Part 2;