Lesser Amount Clause Samples
The "Lesser Amount" clause defines a mechanism by which, in situations where multiple payment or liability amounts could apply, the party responsible is only required to pay the smallest of those amounts. In practice, this clause is often used in contracts to limit a party’s financial exposure, such as when damages, penalties, or reimbursements are calculated under different provisions, and the clause ensures only the lowest applicable sum is owed. Its core function is to cap potential payments, thereby reducing risk and providing financial certainty for the obligated party.
Lesser Amount. Subject to an application by the employer and further order of the FWC the employer may pay a lesser amount (or no amount) of retrenchment pay than that contained in sub-clause 32.
Lesser Amount. If Customer pays less than the full invoice amount, (i) ALOM can accept that partial payment without prejudice to ALOM's right to recover the balance, and (ii) such partial payment will be applied to the earliest amount due.