Agreed Payment Clause Samples
The Agreed Payment clause defines the specific amount or method of payment that parties have mutually accepted for goods, services, or obligations under the contract. This clause typically outlines when and how payments are to be made, such as lump sum payments, installment schedules, or upon completion of certain milestones. By clearly stating the payment terms, the clause helps prevent disputes over compensation and ensures both parties understand their financial obligations, thereby promoting transparency and reducing the risk of misunderstandings.
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Agreed Payment. On or before May 16, 2005, Akorn shall pay to Neopharm the sum of Two Million Five Hundred Thousand Dollars ($2,500,000.00) (the “Agreed Payment”) as payment in full of all sums now or hereafter owing under the Note. The Agreed Payment shall be in the form of a cashier’s or certified check or wired funds. Upon timely delivery of the Agreed Payment by Akorn to Neopharm, Neopharm will return to Akorn the Note marked as “Paid in Full.” Except for the Agreed Payment, this Agreement involves no other economic exchanges between the Parties. Each Party will bear its own costs, expenses and attorneys’ fees relating to all real or potential claims released by this Agreement.
Agreed Payment. This is a Charity Event and the Performer agrees to donate their talents and performance to the Event as an In-Kind Donation and is willing to perform without financial compensation.
Agreed Payment. In consideration of (i) the execution of this Agreement, (ii) this Agreement becoming effective (see paragraph 18), (iii) ▇▇. ▇▇▇▇▇▇ honoring all of the terms of this Agreement, and (iv) ▇▇. ▇▇▇▇▇▇ providing the transition services described in paragraph 2(a) of this Agreement and the services described in the Professional Services Agreement between ▇▇. ▇▇▇▇▇▇ and Ikaria, dated as of March 16, 2010 (the “PSA”), Ikaria will pay ▇▇. ▇▇▇▇▇▇ $412,500 less (A) applicable federal, state, and local taxes and other applicable payroll deductions and withholdings, such amount to be paid in twelve (12) monthly installments commencing on the forty-fifth (45th) day after the Separation Date, provided the Agreed Payment will not be required to be commenced until this Agreement has become effective (see paragraph 18) (the “Agreed Payment”). Any amounts owed to Ikaria by ▇▇. ▇▇▇▇▇▇, and any amounts incurred by ▇▇. ▇▇▇▇▇▇ which are unauthorized under Ikaria policies (including, without limitation, any amounts or debts incurred on any company credit or charge card) shall be deducted from the first such payment and succeeding payments to the extent necessary.
Agreed Payment. On or before the Effective Date, Akorn shall pay to the Kapoor Trust the sum of Three Hundred Ninety Thousand Five Hundred and Nineteen Dollars ($390,519) (the “Agreed Payment”). The Agreed Payment shall be in the form of wired funds.
Agreed Payment. In consideration of (i) the timely execution of both this Agreement and the Release of Claims attached hereto as Attachment A (the “Release of Claims”), as further set forth in paragraph 6 below, (ii) this Agreement and the Release of Claims becoming effective (see paragraph 20), (iii) ▇▇. ▇▇▇▇▇▇▇▇ honoring all of the terms of this Agreement and the Release of Claims , and (iv) ▇▇. ▇▇▇▇▇▇▇▇ serving in the position described in paragraph 2 of this Agreement during the Transition Period, Ikaria will pay ▇▇. ▇▇▇▇▇▇▇▇ $630,000 less (A) applicable federal, state, and local taxes and other applicable payroll deductions and withholdings, such amount to be paid in twelve (12) equal monthly installments commencing on the forty-fifth (45th) day after the Separation Date (the “Agreed Payment”). It is understood and acknowledged that the Agreed Payment represents full payment for all amounts owed under Section 5(a)(C) of the Employment Agreement
Agreed Payment. Within twenty (20) calendar days after execution of this Settlement Agreement, and in consideration for the promises made in this Agreement and incorporating the Recitals above as terms hereto, Contech shall deliver to the City settlement funds payable to the “City of Broken Arrow”, in the sum of Five Hundred Thousand and 00/100 Dollars ($500,000.00) (the “Agreed Payment”).
Agreed Payment. Basis of payment: