Outstanding Payment Sample Clauses
The Outstanding Payment clause defines the obligations and procedures related to any amounts that remain unpaid under an agreement. Typically, this clause outlines when payments are considered overdue, the process for notifying the owing party, and any applicable interest or penalties for late payment. Its core function is to ensure that both parties understand the consequences of non-payment and to provide a clear mechanism for addressing outstanding financial obligations, thereby reducing disputes and encouraging timely settlement of debts.
POPULAR SAMPLE Copied 81 times
Outstanding Payment. Payments of amounts owing to either Party under this AGREEMENT as of its expiration or termination shall be due and payable within the later of (i) to the extent such amounts can be calculated and a fixed sum determined at the time of expiration or termination of this AGREEMENT, sixty (60) days after the date of such expiration or termination, or (ii) ten (10) days after the date in which such amounts can be calculated and a fixed sum determined.
Outstanding Payment. Payments of amounts owing to Indevus under this Agreement as of its expiration or termination shall be due and payable within the later of (i) to the extent such amounts can be calculated and a fixed sum determined at the time of expiration or termination of this Agreement, thirty (30) after the date of such expiration or termination, or (ii) ten (10) days after the date in which such amounts can be calculated and a fixed sum determined.
Outstanding Payment. Escape Films reserves the right in the event of the Client failing to pay for the production or service to provide relevant details to a debt collector or agency for the costs incurred. Interest may be charged on any amount owing after the due date at the rate of 2.5% per 7 days. Any expenses, disbursements and legal costs incurred by Escape Films in the enforcement of any rights contained in this contract shall be paid by the client, including any reasonable solicitor’s fees or debt collection agency fees.
Outstanding Payment. Payments of amounts owing to either Party under this Agreement as of its expiration or termination shall be due and payable within the later of: (i) to the extent such amounts can be calculated and a fixed sum determined at the time of expiration or termination of this Agreement, forty-five (45) days after the date of such expiration or termination or (ii) ten (10) days after the date in which such amounts can be calculated and a fixed sum determined. Notwithstanding anything to the contrary contained in this Agreement, except when Adolor has terminated this Agreement as the result of PII’s breach pursuant to Section 12.2.1, Adolor shall (a) compensate PII for all services performed hereunder prior to termination of this Agreement and (b) reimburse PII for all unused raw materials not capable of resale or use elsewhere if such raw materials were or are being procured to satisfy the Forecasts.
Outstanding Payment. The After School Club staff reserve the right to refuse any child entry into club if payment is not made this includes late collection penalty charges.
Outstanding Payment. Payments of amounts owing to either Party under this Agreement as of its expiration or termination shall be due and payable within the later of (a) to the extent such amounts can be calculated and a fixed sum determined at the time of expiration or termination of this Agreement, forty-five (45) days after the date of such expiration or termination or (b) ten (10) days after the date in which such amounts can be calculated and a fixed sum determined. Notwithstanding anything to the contrary contained in this Agreement, except when Client has terminated this Agreement as the result of CRL’s breach pursuant to Section 12.2.1, Client shall (a) compensate CRL for all services actually performed hereunder prior to termination of this Agreement or any Purchase Order(s) and (b) reimburse CRL for all expenses reimbursable in a Purchase Order actually incurred and any reimbursable commitments made by CRL in connection with such Purchase Order that are not cancelable.