AMOUNTS DUE AND OWING Clause Samples
The "Amounts Due and Owing" clause defines the obligation of one party to pay any outstanding sums that are currently payable under the agreement. In practice, this clause typically applies to situations where payments have accrued but have not yet been settled, such as unpaid invoices or fees that have become due as a result of services rendered or goods delivered. Its core function is to clarify the financial responsibilities of the parties, ensuring that all outstanding debts are acknowledged and must be paid, thereby preventing disputes over what amounts remain unpaid at any given time.
AMOUNTS DUE AND OWING. If the Company has reasonable grounds to believe that any amounts due and owing to any of the Supplier’s subcontractors or contractors have not been paid by the Supplier, then the Company may, in its discretion, withhold from any payment otherwise due to the Supplier under the Agreement an amount which the Company reasonably believes to be due and owing but unpaid to the Supplier’s subcontractors or contractors and the Company will be entitled to pay amounts so withheld to the persons entitled to receive payment from the Supplier.
AMOUNTS DUE AND OWING. In consideration of advancing One Hundred and Fifty Thousand Dollars (US 150,000.00) the Borrower agrees to pay to The Lender the sum of One Hundred and Fifty Thousand Dollars (US 150,000.00); (the "Principal Sum") of lawful money of the United States of America together with all interest, penalties and assessments that may from time to time be added to the Principal Sum and are provided for in this Agreement. For the purposes of this Agreement, the Principal Sum, together with all interest, penalties and assessment that may from time to time be added to the Principal Sum as provided for herein shall be referred to as the "Debt".
AMOUNTS DUE AND OWING. 1.1 In consideration of the loan being made by The Lender to The Borrower, The Borrower agrees to pay to The Lender the sum of Ten Thousand Dollars ($10,000) CDN (the "Principal Sum") together with all interest, penalties and assessments that may from time to time be added to the Principal Sum and are provided for in this Agreement. For the purposes of this Agreement, the Principal Sum, together with all interest, penalties and assessment that may from time to time be added to the Principal Sum as provided for herein shall be referred to as the "Debt".
AMOUNTS DUE AND OWING. In consideration of advancing an additional Fifty Thousand dollars (US $50,000.00), increasing the Loan to Three Hundred Thousand Dollars (US 300,000.00) the Borrower agrees to pay to The Lender the sum of Three Hundred Thousand dollars (US $300,000.00) (the "Principal Sum") of lawful money of the United States of America together with all interest, penalties and assessments that may from time to time be added to the Principal Sum and are provided for in this Agreement. For the purposes of this Agreement, the Principal Sum, together with all interest, penalties and assessment that may from time to time be added to the Principal Sum as provided for herein shall be referred to as the "Debt".
AMOUNTS DUE AND OWING. Lender may, by notice to Borrower, declare the Back-to-Back Revolving Credit Loans (with accrued interest thereon) and all other amounts owing under this Agreement and the other Back-to-Back Loan Documents to be due and payable forthwith, whereupon the same shall immediately become due and payable;
AMOUNTS DUE AND OWING. In consideration of the loan being made by The Lender to The Borrower, The Borrower agrees to pay to The Lender the sum of ONE HUNDRED AND SEVENTY SIX THOUSAND DOLLARS ($176,000.00) (the “Principal Sum”) of lawful money of the United States of America together with all interest, penalties and assessments that may from time to time be added to the Principal Sum and are provided for in this Agreement. For the purposes of this Agreement, the Principal Sum, together with all interest, penalties and assessment that may from time to time be added to the Principal Sum as provided for herein shall be referred to as the “Debt”.
AMOUNTS DUE AND OWING. 1.1 In consideration of the a loan by The Lender to The Borrower, The Borrower agrees to pay to The Lender the sum of Five Thousand Dollars ($5,000) USD (the "Principal Sum") together with all interest, penalties and assessments that may from time to time be added to the Principal Sum and are provided for in this Agreement. For the purposes of this Agreement, the Principal Sum, together with all interest, penalties and assessment that may from time to time be added to the Principal Sum as provided for herein shall be referred to as the "Debt".
AMOUNTS DUE AND OWING. Lender may, by notice to Borrower, declare the Loans (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents to be due and payable forthwith, whereupon the same shall immediately become due and payable;