Make settlements Clause Samples
The "Make settlements" clause establishes the obligation and process for parties to finalize payments or resolve outstanding financial obligations between them. Typically, this clause outlines the timing, method, and conditions under which settlements must be made, such as specifying payment deadlines, acceptable forms of payment, or procedures for reconciling accounts. Its core practical function is to ensure that all parties have a clear understanding of how and when financial settlements will occur, thereby reducing the risk of disputes and promoting timely resolution of monetary matters.
Make settlements. A Receiver may make any arrangement, settlement or compromise between the Company and any other person that he may think expedient.
Make settlements. A Receiver may make any arrangement, settlement or compromise between the Chargor and any other person which he may think expedient.
Make settlements. A Receiver may settle, adjust, refer to arbitration, compromise and arrange any claim, account, dispute, question or demand with or by any person who claims to be a creditor of the Chargor or relating in any way to any Secured Asset.