Sums Payable Sample Clauses
The 'Sums Payable' clause defines the specific amounts of money that one party is obligated to pay to another under the terms of the agreement. It typically outlines when payments are due, the method of payment, and any conditions or milestones that trigger payment obligations. For example, it may specify that payment is due within 30 days of invoice receipt or upon completion of certain deliverables. This clause ensures both parties have a clear understanding of financial expectations, reducing the risk of disputes over payment terms and helping to manage cash flow.
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Sums Payable. All royalties or other sums payable in respect of the supply and use of any patented articles, processes or inventions required in connection with this Agreement shall be borne by the Partner.
Sums Payable. Termination of this Agreement shall not excuse either party's obligation to make payments of sums due and payable at the time of any termination thereof, or sums due and payable at a time after the termination date based upon the licenses or sublicenses of rights under this Agreement prior to termination.
Sums Payable. Termination or expiration of this Agreement shall not excuse Licensee's obligation to make payments of sums due and payable at the time of any termination or expiration hereof.
Sums Payable. Termination or expiration of this Agreement shall not excuse DC's obligation to make payments of sums due and payable at the time of any termination or expiration hereof.
Sums Payable. All sums payable to the Bank hereunder shall be paid directly to the Bank in immediately available funds. The Bank shall send the Borrower statements of all amounts due hereunder, which statements shall be considered correct and conclusively binding on the Borrower unless the Borrower notifies the Bank to the contrary within 15 days of its receipt of any statement which it deems to be incorrect.
Sums Payable. Contractor shall pay the Subcontractor for the performance of the Subcontractor’s Work.