Contesting Charges Clause Samples
The Contesting Charges clause establishes the process by which a party can formally dispute charges or invoices they believe are incorrect or unjustified. Typically, this clause outlines the timeframe within which a party must raise an objection, the method for submitting a dispute (such as written notice), and the steps both parties must follow to resolve the disagreement, which may include providing supporting documentation or entering into negotiations. Its core practical function is to ensure that billing errors or misunderstandings are addressed promptly and fairly, thereby protecting both parties from unwarranted financial liability and promoting transparency in financial transactions.
Contesting Charges. Notwithstanding anything to the contrary in this Agreement, a Borrower may dispute any Charges without prior payment thereof, so long as such non-payment will not cause a Lien except a Permitted Lien to attach to such Borrower’s assets, and provided that such Borrower shall give Agent and each Lender prompt notice of such dispute and shall be diligently contesting the same in good faith and by an appropriate proceeding and there is no danger of a loss or forfeiture of any of the Collateral and provided further that, if such disputed Charges are potentially or actually in excess of $10,000 in the aggregate, such Borrower shall give Agent and each Lender such additional collateral and assurances as Agent and such Lender, in their sole discretion, deems necessary under the circumstances, immediately upon demand by Agent and such Lender.
Contesting Charges. If a Party, acting in good faith, contests all or any part of any payment calculated in accordance with this clause B8:
Contesting Charges. Notwithstanding anything to the contrary herein, Borrower may dispute any Charges without prior payment thereof, even if such non-payment may cause a lien to attach to Borrower's assets, provided that Borrower shall give Lender prompt notice of such dispute and shall be diligently contesting the same in good faith and by an appropriate proceeding and there is no danger of a loss or forfeiture of any of the Collateral and provided further that, if the same are potentially or actually in excess of $50,000 in the aggregate at any time hereafter, Borrower shall give Lender such additional collateral and assurances as Lender, in its reasonable discretion, deems necessary under the circumstances, immediately upon demand by Lender.
Contesting Charges. Notwithstanding anything to the contrary herein, Borrower may dispute any Charges without prior payment thereof, even if such nonpayment may cause a lien to attach to any Borrower's assets, provided that Borrower shall give Lender written notice of such dispute and shall be diligent in contesting the same in good faith, with due diligence and by an appropriate proceeding and there is no danger of a loss or forfeiture of any of Borrower's assets (as reasonably determined by Lender), and provided further that, if the same are in excess of One Hundred Thousand Dollars ($100,000) in the aggregate at any time or times hereafter, Borrower shall give Lender such additional collateral and assurances as Lender, in its sole discretion, deems necessary under the circumstances.
Contesting Charges. Notwithstanding anything to the contrary herein, Borrowers may dispute any Charges without prior payment thereof, even if such non-payment may cause a lien to attach to Borrowers' assets, provided that any such Borrower shall give Lender notice of such dispute and shall be diligently contesting the same in good faith, with due diligence and in an appropriate proceeding and there is no danger of a loss or forfeiture of Collateral and provided further that, if the same are in excess of $50,000.00 in the aggregate at any time or times hereafter, such Borrower shall give Lender such additional Collateral and assurances as Lender, in its sole discretion, deems necessary under the circumstances.
Contesting Charges. Notwithstanding anything to the contrary herein, a Borrower may dispute any Charges without prior payment thereof, even if such non-payment may cause a lien to attach to such Borrower's assets, provided that such Borrower shall give Lender notice of any dispute of Charges in excess of $25,000 and shall be diligently contesting the same in good faith, with due diligence and in an appropriate proceeding and there is no danger of a loss or forfeiture of non-cash Collateral during such proceeding and provided further that, if the same are in excess of $50,000 in the aggregate at any time or times hereafter, Lender, in its sole discretion, may establish a reserve against Advances as it may deem necessary under the circumstances.
Contesting Charges. Notwithstanding anything to the contrary herein, Borrower may dispute any Charges without prior payment thereof, even if such non-payment may cause a lien to attach to Borrower’s assets, provided that Borrower shall have given Bank written notice of said dispute and shall be diligently contesting the same in good faith in an appropriate proceeding and, provided further that the Borrower maintains adequate reserves on its books with respect to such charges.
Contesting Charges. 48 11.5. Insurance; Payment of Premiums . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 11.6. Survival of Obligations Upon Termination of Agreement . . . . . . . . . . . . . . . . . . . . . . . 49
Contesting Charges. Notwithstanding anything to the contrary in this Section, with prior notice to Lessor, Lessee may contest any tax, assessment, fee, charge, imposition, claim, or demand for payment that may become a lien on Lessor’s property if left unpaid, provided that nonpayment is permitted only during the pendency of any contest without the foreclosure of the lien or the imposition of any fine or penalty that could become a debt of Lessor. Lessee will prosecute any contest diligently, and will provide such security as may be requested by, and acceptable, to Lessor to hold Lessor, Master Lessor and both Lessor’s and Master Lessor’s property free from liability.
Contesting Charges. Notwithstanding anything to the contrary herein, Borrower may dispute any Charges without prior payment thereof, even if such non-payment may cause a lien to attach to Borrower's assets, provided that Borrower shall give Lender prompt notice of such dispute and shall be diligently contesting the same in good faith and by an appropriate proceeding and there is no danger of a loss or forfeiture of any of the Collateral and provided further that, if the same are potentially or actually in excess of Ten Thousand Dollars ($10,000) in the aggregate at any time hereafter, in respect to all disputed Charges for Borrower, Borrower shall give Lender such additional collateral and assurances as Lender, in its sole discretion, deems necessary under the circumstances, immediately upon demand by Lender.