Continued Payment Clause Samples
The Continued Payment clause requires one party to keep making specified payments even after certain events occur, such as termination or suspension of the main agreement. Typically, this clause applies to obligations that have already accrued or to ongoing services that must be maintained during a transition period. Its core function is to ensure financial stability and predictability by preventing abrupt cessation of payments, thereby protecting the interests of the party expecting continued compensation.
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Continued Payment. The Purchasers hereby agree that following the Closing, the Purchasers shall cause the Company to fulfill and continue to fulfill its obligations with respect to any separation, severance or other employment agreements or written arrangements existing as of and entered into by the Company prior to the Closing Date, including with respect to the payment of any severance, separation, or other similar obligations required thereunder. Other than as discussed with the Purchasers, upon execution of this Agreement and until the Closing Date, the Company agrees not to enter into any new separation, severance or other employment 271063633 v6 agreements or written arrangements, or modify any existing separation, severance or other employment agreements or written arrangements, without prior written consent of the Purchaser(s) which consent shall not be unreasonably withheld.
Continued Payment. If any Services are suspended or restricted in accordance with clause 21.1, the Service Provider will not pay the Charges for the Services that have been suspended and will continue to pay the Charges for the Services that have not been suspended.
Continued Payment. With respect to Class B Shares of any Fund sold pursuant to this Agreement, the respective Trust shall continue payment to the Distributor of (a) the Distributor's Allocable Portion, as defined in Schedule 1 to this Agreement, of the Contingent Deferred Sales Charges attributable to such Shares of such Fund, and (b) so long as there has been no Complete Termination (as defined in the applicable Distribution Plan), the Distributor's Allocable Portion of the Distribution Fee attributable to such Class B Shares of such Fund, in either case notwithstanding termination of this Agreement according to its terms.
Continued Payment. If any Input Services are suspended or restricted in accordance with clause 21.1, the Access Seeker will not pay the Input Service Charges for the Input Services that have been suspended and will continue to pay the Input Service Charges for the Input Services that have not been suspended.
Continued Payment. The Contractor is only entitled to be paid the Fees during a Force Majeure event to the extent that the Services continue to be supplied, and otherwise in accordance with clause 12.
Continued Payment. With respect to Shares of any Portfolio sold pursuant to this Agreement, the Trust shall continue payment to Sierra Services of (a) Sierra Services' Allocable Portion, as defined in Schedule 2 to this Agreement, of the Contingent Deferred Sales Charges attributable to such Shares of such Portfolio, and (b) so long as there has been no Complete Termination (as defined in the applicable Plan), Sierra Services' Allocable Portion of the Distribution Fee attributable to such Shares of such Portfolio, in either case notwithstanding termination of this Agreement according to its terms.
Continued Payment. It is expressly understood that the term of this contract is for five years unless otherwise terminated according to Section 4, but that the payment of all monies due under Section 3 shall continue to be paid during the duration of the initial term of the Integration Contract.