Payments Additional Costs Etc Clause Samples
The "Payments, Additional Costs, Etc" clause defines the obligations of the parties regarding the payment of fees, expenses, and any extra charges that may arise under the agreement. It typically outlines when and how payments should be made, what constitutes additional costs (such as taxes, third-party fees, or reimbursable expenses), and the process for invoicing and reimbursement. This clause ensures that both parties have a clear understanding of their financial responsibilities, helping to prevent disputes over unexpected costs and ensuring smooth financial transactions throughout the contract.
Payments Additional Costs Etc. Article II of the Credit Agreement, The Line of Credit Loan, is hereby amended by inserting the following Section 2.7 immediately following Section 2.6:
Payments Additional Costs Etc. 15 3.1 Payment to Bank 15 ---------------
3.2 Late Payments 16 ------------- 3.3 Prepayment 16 ----------
Payments Additional Costs Etc. Article IV of the Credit Agreement, Payments, Additional Costs, Etc., is hereby amended by deleting the existing Section 4.2 and inserting the following therefor:
Payments Additional Costs Etc