ALL SUMS PAYABLE Clause Samples
The "All Sums Payable" clause defines that the party responsible for payment must cover all amounts due under the agreement, not just specific or itemized charges. This means the obligation extends to any and all sums that may become payable, including principal, interest, fees, or other costs arising from the contract. By encompassing every possible payment obligation, this clause ensures comprehensive coverage and prevents disputes over whether certain amounts are included, thereby providing clarity and reducing the risk of underpayment.
ALL SUMS PAYABLE. Any and all sums of money due and to become due MFG from the Agent shall be payable at the MFG office in Charlotte, North Carolina.
ALL SUMS PAYABLE. All sums of money due and to become due PPI from the Agent shall be payable at the PPI office at ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇.