Before paying Clause Samples
The "Before paying" clause sets out specific conditions or requirements that must be met prior to the payment of funds under an agreement. Typically, this clause may require the recipient to provide certain documentation, complete agreed-upon work, or fulfill other contractual obligations before payment is released. Its core practical function is to protect the paying party by ensuring that payment is only made once all necessary prerequisites have been satisfied, thereby reducing the risk of non-performance or incomplete delivery.
Before paying off all debts under this contract, the Borrower becomes or may become the shareholder or the “actual controller” as defined in the Company Law of the guarantor;