Payments free and clear definition

Payments free and clear. All amounts payable by one party to another pursuant to this agreement shall be paid free and clear of and, except to the extent required by law, without any deduction or withholding on account of any tax. If any party is required by law to make any deduction or withholding from any amount it is required to pay pursuant to this agreement, then that party shall increase the relevant payment to ensure that the recipient receives a net amount equal to the amount it would have received had no such deduction or withholding been made.
Sample 1

Examples of Payments free and clear in a sentence

  • Upon the contribution to MPE 2 of the Equipment, Sales Tax Payments and Uplift Payments under the Contribution Agreement, MPE 2 shall be the lawful owner of, and have good title to, the Equipment, Sales Tax Payments and Uplift Payments, free and clear of any Liens (except for Permitted Encumbrances).

  • Title to the Equipment and any and all additions, repairs, replacements or modifications thereto shall be in the School District from and after the date of execution and delivery of this Agreement so long as the School District shall not be in default hereunder and shall be vested permanently in the School District on the payment of all Acquisition Payments, free and clear of any lien or security interest of the Lender therein, as shown on Exhibit C.

  • Licensee will make all Payments free and clear of any tax, deduction, offset or withholding of any kind.

  • Assignor is entitled to the Assigned Payments, free and clear of any right, interest, lien, charge, encumbrance, or claim of any other person.

  • Title to the Mortgaged Property and any and all additions, repairs, replacements or modifications thereto shall be in the County from and after the date of execution and delivery of this Contract so long as the County is not in default hereunder and shall vest permanently in the County upon the payment in full of the principal component of the Installment Payments free and clear of any lien or security interest of the Bank therein.

  • Upon payment of the 2023 Upfront Purchase Price by the Buyer, the Buyer will acquire, subject to the terms and conditions set forth in this Agreement and the License Agreement, good and marketable title to the 2023 Assigned Royalty Payments, free and clear of all Liens (other than any Permitted Lien).

  • FranklinCovey will make all Payments free and clear of any tax, deduction, tax offset or withholding of any kind.

  • Subject to the terms and conditions of this Agreement, on the Closing Date, Seller hereby sells, assigns, transfers and conveys to Purchaser, and Purchaser hereby purchases, acquires and accepts from Seller, all of Seller’s rights, title and interest in and to the Purchased Royalty Payments, free and clear of any and all Liens, other than Permitted Liens.

  • Upon payment of the Buyer Option Purchase Price by the Buyer at the Buyer Option Closing, if any, the Buyer will acquire, subject to the terms and conditions set forth in this Agreement and the License Agreement, good and marketable title to the Buyer Option Assigned Royalty Payments, free and clear of all Liens (other than any Permitted Lien).

  • The Seller has good and marketable title to the Royalty Payments free and clear of all Liens.

Related to Payments free and clear

  • Remittance As defined in Section 7.02(b) hereof.

  • Between merchants means in any transaction with respect to which both parties are chargeable with the knowledge or skill of merchants.

  • Through highway means every street or highway as provided in section 4511.65 of the Revised Code.

  • We/Us/Our means Future Generali India Life Insurance Company Limited.

  • Automated Clearing House or “ACH” means a national and governmental organization that has authority to process electronic payments, including, but not limited to, the national automated clearing house association and the federal reserve system.

  • Principal Financial Center means, in the case of any Currency, the principal financial center where such Currency is cleared and settled, as determined by the Administrative Agent.

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.

  • Interim Payment has the meaning specified in Section 10.1.

  • Remittance Report A report prepared by the Master Servicer and delivered to the Trustee and the NIM Insurer in accordance with Section 4.04.

  • Principal Financial Centre means, in relation to any currency, the principal financial centre for that currency provided, however, that:

  • Remittance Information means the information that must specify the Billing Account Numbers (BANs) paid; invoices paid and the amount to be applied to each BAN and invoice.

  • Extremely low-income household means a single person,

  • Qualified low-income community investment or “QLICI” shall have the same meaning as set forth in IRC § 45D(d) and 26 C.F.R. Part 1.45D-1(d).

  • Remittance Rate With respect to each Mortgage Loan, the related Note Rate minus the Servicing Fee Rate.

  • Swiss Franc means the lawful currency of Switzerland.

  • N/A means not applicable.

  • Eligible Household means a household charged a UEC on their natural gas and/or electricity for the residence at which they reside as evidenced by their utility bill or UEC-participating utility vendor, has annual income at or below the current income limits of the federal poverty level, and meets other income criteria for assistance from the Nevada Fund for Energy Assistance and Conservation. Conversely, households not charged a UEC are ineligible for assistance from the fund. A household that receives benefits funded with LIHEAP grant monies may also be referred to as an eligible household in this plan. Also, refer to “UEC Eligible.”

  • Van Xxxxxx Xxxrican Capital Tax Free High Income Fund ("Tax Free High Income Fund") Van Xxxxxx Xxxrican Capital California Insured Tax Free Fund ("California Insured Tax Free Fund") Van Xxxxxx Xxxrican Capital Municipal Income Fund ("Municipal Income Fund") Van Xxxxxx Xxxrican Capital Intermediate Term Municipal Income Fund (Intermediate Term Municipal Income Fund") Van Xxxxxx Xxxrican Capital Florida Insured Tax Free Income Fund ("Florida Insured Tax Free Income Fund") Van Xxxxxx Xxxrican Capital New Jersey Tax Free Income Fund ("New Jersey Tax Free Income Fund") Van Xxxxxx Xxxrican Capital New York Tax Free Income Fund ("New York Tax Free Income Fund") Van Xxxxxx Xxxrican Capital California Tax Free Income Fund ("California Tax Free Income Fund") Van Xxxxxx Xxxrican Capital Michigan Tax Free Income Fund ("Michigan Tax Free Income Fund") Van Xxxxxx Xxxrican Capital Missouri Tax Free Income Fund ("Missouri Tax Free Income Fund") Van Xxxxxx Xxxrican Capital Ohio Tax Free Income Fund ("Ohio Tax Free Income Fund")

  • Xxxxxxxx-Xxxxx Certification As defined in Section 11.05.

  • Additional Financial Centre(s means the city or cities specified as such in the relevant Final Terms;

  • recognised clearing house means an organisation recognised as such pursuant to FSMA;

  • Eligible low-income customer means a customer whose household income does not exceed 150% of the poverty level, as published by the United States Department of Health and Human Services, or who receives any of the following:

  • Wxxxx Fargo means Wxxxx Fargo Bank, National Association, a national banking association.

  • Sxxxxxxx-Xxxxx Certification As defined in Section 11.09.

  • Street Line means the limit of the street allowance and is the dividing line between a lot and a street;

  • Swiss Francs means the lawful currency of Switzerland.