SUM OWING Clause Samples
The "Sum Owing" clause defines the total amount of money that is currently due and payable by one party to another under the terms of an agreement. This clause typically specifies what constitutes the sum owing, such as principal, interest, fees, or other charges, and may outline how and when these amounts are calculated or become due. By clearly identifying the total financial obligation at any given time, the clause ensures both parties have a mutual understanding of outstanding debts, thereby reducing disputes and facilitating timely payments.
SUM OWING. 2.1. Kora will send an invoice or statement in respect of the Account to the Customer weekly or fortnightly or monthly or as otherwise agreed.
2.2. The invoice or statement will show the Sum Owing to Kora at the time of issue, how that Sum Owing is calculated, and the Due Date for payment of the Sum Owing to Kora.
2.3. The Customer shall pay the Sum Owing to Kora:
a) in full without any deductions, whether by way of set off, counter claim, or any other equitable legal claim;
b) by automatic bank direct debit initiated by Kora, or by automated credit/debit card process initiated by ▇▇▇▇.
2.4. If account includes Prepayment top up payments to be made by direct credit then reference Account and Sum Owing should never be greater than zero at end of invoicing cycle.
SUM OWING. 2.1 The Company will send an invoice or statement in respect of the Account to the Customer twice per month, or as otherwise agreed.
2.2 The invoice or statement will show the Sum Owing to the Company at the time of issue, how that Sum Owing is calculated including without limitation GST, levies or any other taxes that may be payable in respect of the Product, any further fees as provided for in Clause 10 and the Due Date for payment of the Sum Owing to the Company.
2.3 The Customer shall pay the Sum Owing to the Company:
a. in full without any deductions, whether by way of set off, counter claim, or any other equitable legal claim; b. by automatic bank direct debit initiated by the Company.
SUM OWING. 2.1 TBG will send an invoice or statement in respect of the Account to the Customer twice per month, or as otherwise agreed.
2.2 The invoice or statement will show the Sum Owing to TBG at the time of issue, how that Sum Owing is calculated, and the Due Date for payment of the Sum Owing to TBG.
2.3 The Customer shall pay the Sum Owing to TBG:
a. in full without any deductions, whether by way of set off, counter claim, or any other equitable legal claim; b. by automatic bank direct debit initiated by TBG.
SUM OWING. 2.1 TBG/NZF will send an invoice or statement in respect of the Account to the Customer twice per month, or as otherwise agreed.
2.2 The invoice or statement will show the Sum Owing to TBG/NZF at the time of issue, how that Sum Owing is calculated, and the Due Date for payment of the Sum Owing to TBG/NZF.
2.3 The Customer shall pay the Sum Owing to TBG/NZF:
a. in full without any deductions, whether by way of set off, counter claim, or any other equitable legal claim; b. by automatic bank direct debit initiated by TBG/NZF.