Shared Obligations Sample Clauses

Shared Obligations. If an invoice or other evidence of an obligation is received which under the terms of this Article XIII is partially the obligation of Seller and partially the obligation of Buyer, then the parties shall consult with each other, the Partnership shall promptly pay such obligation to the obligee, and Seller shall promptly reimburse Buyer for Seller's portion so paid.
AutoNDA by SimpleDocs
Shared Obligations. If monies are received by any party hereto which, under the terms of this Article XII, belong to another party, the same shall immediately be paid over to the proper party. If an invoice or other evidence of an obligation is received which under the terms of this Article XII is partially the obligation of Seller and partially the obligation of Buyer, then the parties shall consult each other and each shall promptly pay its portion of such obligation to the obligee, provided that if either party hereto shall fail promptly to pay its portion of such obligation to the obligee, the other party hereto shall have the right (but not the obligation) to pay such portion of such obligation, whereupon the defaulting party shall promptly reimburse such other party for the defaulting party's portion so paid, plus interest on said amounts until reimbursed, at the rate applicable under Article III above.
Shared Obligations. The parties will:
Shared Obligations. Both the Clearinghouse and the Institution will:
Shared Obligations. 32 2 Use of Corridor Land and Lease of Leased Railway Infrastructure . . 32
Shared Obligations. Under the terms of this Agreement, the Parties intend that the relationship created by this Agreement is that of independent contracting parties. Neither Party hereto shall be deemed an agent, partner, joint venturer, or related entity of the other by reason of this Agreement. However, MC and HF assume certain shared obligations as follows:
Shared Obligations. 6.1 VWS Canada and the City shall jointly be responsible as follows:
AutoNDA by SimpleDocs
Shared Obligations. 20.1 SCH and the Council shall establish such mutual arrangements as may be necessary (whether in writing, by telephone or electronic means) to ensure that the liaison arrangements stipulated in this Agreement can be achieved. Deleted: the
Shared Obligations. If monies are received by any Party hereto which, under the terms of this Article, belong to another party, the same shall immediately be paid over to the proper party. If an invoice or other evidence of an obligation is received which under the terms of the Article is partially the obligation of Sellers and pay the obligation of Buyer, then the parties shall consult each other and each shall promptly pay its portion of such obligation to the obligee, provided that if either party hereto shall fail promptly to pay its portion of such obligation to the obligee, the other party hereto shall have the right (but not the obligation) to pay such portion of 32 37 such obligation, whereupon the defaulting party shall promptly reimburse such other party for the defaulting party's portion so paid.
Shared Obligations. If an invoice or other evidence of an obligation is received which under the terms of this Article is partially the obligation of Seller and partially the obligation of Purchaser, then the parties shall consult each other and each shall promptly pay its portion of such obligation to the obligee, provided that if either party hereto shall fail to promptly pay its portion of such obligation to the obligee, the other party hereto shall have the right (but not the obligation) to pay such portion of such obligation, whereupon the defaulting party shall promptly reimburse each other party for the defaulting party's portion so paid.
Time is Money Join Law Insider Premium to draft better contracts faster.