Additional Payment Obligations Sample Clauses
The 'Additional Payment Obligations' clause defines the circumstances under which one party may be required to make payments beyond the standard or initial amounts specified in the contract. This clause typically covers extra costs that may arise due to changes in law, taxes, regulatory fees, or other unforeseen expenses that are not included in the base agreement. For example, if a new tax is imposed after the contract is signed, the responsible party may need to cover this additional cost. The core function of this clause is to allocate financial responsibility for unexpected or supplementary expenses, ensuring that such costs are clearly assigned and do not become a source of dispute between the parties.
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Additional Payment Obligations. It is the express intention of both Landlord and Tenant that Tenant’s payments of Base Rent and other sums in consideration of the occupancy and Option rights granted herein shall relieve Landlord of all debt service and operational cost obligations associated with the Premises, except to the extent specifically excepted or stipulated hereinafter. Accordingly, any sums payable by Tenant under this Section 6 shall be additional rent and collectible as such (collectively, such payment obligations arising under this Section 6 being referred to herein as “Additional Rent”). Tenant expressly acknowledges, covenants and agrees that Tenant’s obligation to pay Base Rent under Section 5 above and to pay Additional Rent as set forth in this Section 6 are independent of any obligation of Landlord under this Lease and that all Rent and Additional Rent (collectively and where no distinction is desired or required, “Rent”) are payable to Landlord or its Lender and their successors and assigns, ELECTRONICALLY FILED - 2020 Jun 29 9:24 AM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 notwithstanding any claim of default by Landlord as may exist hereunder and without any self-effecting right or privilege of set-off, off-set deduction, abatement, or reduction whatsoever. In other words, Rent is a separate covenant. Additional Rent shall be remitted and prorated in the same fashion as Base Rent.
Additional Payment Obligations. Tax gross-up and indemnities
Additional Payment Obligations. 16. Tax gross up and indemnities 61 17. Increased costs 65 18. Other indemnities 66 19. Mitigation by the Lenders 67 20. Costs and expenses 67 21. Guarantee and indemnity 69 22. Representations 75 23. Information undertakings 79 24. Financial covenants 82 25. General undertakings 88 26. Events of Default 93
Additional Payment Obligations. 13. Tax gross-up and indemnities 57 14. Increased Costs 59 15. Other indemnities 61 16. Mitigation by the Lenders 62 17. Costs and expenses 63 18. Guarantee and indemnity 64
Additional Payment Obligations. Unless otherwise expressly provided in this Agreement, Customer’s payment obligations are non-cancelable and, upon payment, all payments made by Customer are non-refundable and will be free of any deduction, set-off, counterclaim or withholding whatsoever. All payments will be made in the currency set forth in the applicable Transaction Document. Fees are due within 30 days from receipt of Rhapsody’s invoice (or as otherwise set forth in the invoice) unless subject to a reasonable and good faith dispute. Specifically with respect to the Cloud Service, if fees are not paid when due and Customer does not remit payment within thirty (30) days after Rhapsody provides Customer with written notice (which may be by email) that fees are past due, Rhapsody may suspend Customer’s access to the Cloud Service. This suspension is in addition to Rhapsody’s other rights under this Agreement, including terminating this Agreement or the applicable Schedule for breach. In the event of any such suspension and unless Rhapsody has elected to terminate this Agreement or the applicable Schedule, Rhapsody may also require payment of a reinstatement fee before again providing Customer with access to the Cloud Service. Past due amounts will incur interest at a rate equal to the lower of 1.5% per month or the highest rate permitted by law. In addition, Customer will reimburse Rhapsody for all reasonable and actual costs incurred by Rhapsody in collection of delinquent amounts not subject to a reasonable and good faith dispute.
Additional Payment Obligations. 19 CLAUSE 7................................................................. 22
Additional Payment Obligations. 15. Tax Gross-Up and Indemnities 68 16. Increased Costs 74 17. Other Indemnities 75 18. Mitigation by the Lenders 76 19. Costs and Expenses 76 20. Guarantee and Indemnity 78 21. Representations 82 22. Information Undertakings 87 23. Financial Covenants 93 24. General Undertakings 109 25. Events of Default 123
Additional Payment Obligations. 10. Tax gross up and indemnities 11. Other indemnities 12. Enforcement costs
Additional Payment Obligations. 12 Tax Gross-up and Indemnities
Additional Payment Obligations. 10. BREAKAGE COSTS
10.1 The Company shall, within three (3) Funding Business Days after demand therefor, indemnify the Lenders, the Funding Agents and the Administrative Agent against any loss, cost or expense incurred by the Lenders, the Funding Agents or the Administrative Agent directly as a result of the failure of any Borrowing or repayment to be made for any reason on the date specified by the Company pursuant to, and in accordance with, Section 3 or Section 4, as applicable, including any loss, cost or expense incurred by any Funding Agent, any Lender or the Administrative Agent by reason of the liquidation or reemployment of funds acquired by the Lenders (including funds obtained by issuing Commercial Paper, obtaining deposits as loans from third parties and reemployment of funds) in relation thereto and any costs incurred in connection with the termination or reduction of any related Currency Hedge Agreements; provided that no such breakage costs shall be payable in respect of any prepayment of a Loan for which the Interest Rate is determined by reference to the CP Rate so long as such prepayment complies with the requirements of Section 4.2.
10.2 A certificate as to any loss or expense payable pursuant to this Section 10 submitted by any Lender, through the Administrative Agent, to the Company and the Master Servicer shall set forth (x) any amount that such Lender is entitled to receive pursuant to this Section 10 and (y) a reasonably detailed explanation of the calculation of such amount by the affected Lender and shall be conclusive absent manifest error.