Payment unconditional Sample Clauses
The 'Payment unconditional' clause establishes that payment obligations must be fulfilled without any conditions or dependencies on other events or performance. In practice, this means that a party required to make a payment cannot withhold or delay payment due to disputes, incomplete work, or other contractual issues. This clause ensures that the recipient receives funds promptly and reliably, thereby reducing the risk of non-payment and providing financial certainty.
Payment unconditional. The Charterers shall continue to pay Hire on the days and in the amounts required under this Charter notwithstanding that the Vessel shall become a Total Loss provided always that no further instalments of Hire shall become due and payable after the Charterers have made the payment required by paragraph (c) above.
Payment unconditional. The Lessee's obligation to pay Rent and other payments in accordance with this Agreement and any other amounts payable by the Lessee under other Operative Documents to which it is a party shall be absolute and unconditional irrespective of any matter or contingency, including:
Payment unconditional. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on, this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct obligation of the Company. This Note ranks pari passu with all other Notes now or hereafter issued pursuant to the Executive Summary and the Subscription Agreement.