Full and Final Payment Clause Samples
The Full and Final Payment clause establishes that a specified payment settles all outstanding obligations between the parties related to the contract. In practice, this means that once the agreed amount is paid, neither party can later claim additional sums or raise further disputes over the same subject matter. This clause provides certainty and closure by ensuring that all financial matters are conclusively resolved, preventing future claims and potential litigation over the settled issues.
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Full and Final Payment. Landlord represents that the Project Costs represent all costs incurred by Landlord in furtherance of the Project for which Landlord is seeking or will seek reimbursement from Tenant. Landlord further represents that it has provided to Tenant copies of invoices or other documentation that detail such costs and the services provided to Landlord in relation to the Project. Landlord and Tenant agree that the payments set forth in Section 2 herein represent Tenant’s full and final payment for all costs associated with the Project. Landlord hereby agrees that Tenant shall not be responsible for any additional costs or liabilities related to the Project (other than the Project Costs), whether known or unknown.
Full and Final Payment. Full and final payment must be received by SJ-Tours at least 60 days prior to departure. Failure to make the final payment when due will result in the reservation being automatically cancelled.
Full and Final Payment. The Settlers hereby recognize and agree that the sums to be paid to them hereunder shall be a full and final payment for the rights conveyed under the Settlement Agreements, including, without limitation, any and all rights they may have, or claim to have, under the Purported Will, in any assets owned by ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ at the time of his death, including, but not limited to, shares of capital stock and/or assets of the Telephone Company, G & G Services, El Paso Long Distance Company, Gemcell, Inc. or Ravenswood, as such companies are presently or hereafter organized or constituted (collectively, the "Companies"). The Settlers acknowledge and agree that upon Purchaser's delivery of the Indemnity Holdback Funds to the Indemnity Escrow Agent and delivery of the Initial Purchase Price Escrow Funds to the Purchase Price Escrow Agent, pursuant to the terms of the Indemnity Escrow Agreement and this Purchase Price Escrow Agreement, respectively, then Purchaser shall have no obligation hereunder or otherwise to the Settlers, and the provisions of this Section 10 and of Sections 11 and 12 below shall immediately be effective with respect to and for the benefit of the Purchaser and its Affiliates (as defined below).
Full and Final Payment. The Shareholder acknowledges and agrees that, except for the Purchase Price described in Section 1 hereof, there is no other amount or consideration of any kind or character payable by or to be paid by Buyer to the Shareholder with respect to the Shareholder’s sale and transfer of the Shares to Buyer now or at any time in the future with respect thereto.
Full and Final Payment. The payments and consideration set forth above shall be in lieu of and discharge any obligations of Company to Employee for compensation, any other expectation, remuneration, or benefit.
Full and Final Payment. In the event of termination of this Agreement for any reason, the payments, if any, required to be made to the Executive pursuant to this Section 7 shall be in full and complete satisfaction of any and all obligations owing to the Executive pursuant to this Agreement, but such payments shall not abrogate or otherwise affect any registration rights the Executive may have with respect to securities pursuant to the terms of the Purchase Agreement.
Full and Final Payment. ▇▇▇▇▇▇▇▇▇▇ hereby acknowledges and confirms that the Options constitute his full and final payment from the Company, and he has been fully paid by the Company for all compensation and benefits he earned during his employment and Board representation with the Company and any other services provided to the Company through the date hereof, including without limitation all wages, salary, incentive compensation, equity entitlements, bonuses, commissions, accrued paid time off and/or vacation due to him whether as an employee or Board member through and including the date hereof. ▇▇▇▇▇▇▇▇▇▇ agrees that, other than the Options, the Company does not owe to ▇▇▇▇▇▇▇▇▇▇ any other payments or entitlements of any kind whether for his service as an employee, Board member, or in any other capacity.