Payment Reasonable Sample Clauses
The 'Payment Reasonable' clause establishes that any payments made under the contract must be fair and appropriate for the goods or services provided. In practice, this means that compensation should reflect market rates or industry standards, and may require justification or documentation to support the amounts invoiced. This clause helps prevent overcharging or underpayment, ensuring that both parties are treated equitably and reducing the risk of disputes over payment amounts.
Payment Reasonable. The Developer agrees and acknowledges that said agreed-upon PLPPT is fair and reasonable and shall not be subsequently reduced, bargained away or credited against; provided however if future legislation repeals the personal property tax exemption for the Project, in whole or in part, the PLPPT due and payable in any year will be reduced by the amount of the personal property taxes due and payable by the Developer for the Project in that year.