Future Payment Obligations Sample Clauses
The Future Payment Obligations clause defines the parties' responsibilities to make payments that are due at a later date under the agreement. It typically outlines the conditions under which these payments must be made, such as upon delivery of goods, completion of services, or the occurrence of specific milestones. This clause ensures that both parties are clear about when and how future payments will be handled, thereby reducing the risk of disputes over payment timing or amounts.
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Future Payment Obligations. Any Contract involving the payment by or to the Target Business of more than USD 300,000 in any twelve (12)-month period, and which by its terms does not terminate or is not terminable without penalty by the Target Business upon notice of ninety (90) days or less;
Future Payment Obligations. Any Contract (or group of related Contracts or group of Contracts with the same counterparty or related counterparties) involving, or reasonably expected to involve, the payment by Doge of (A) more than $250,000 in any 12-month period or (B) more than $400,000 in the aggregate;
Future Payment Obligations. Any Contract (or group of related Contracts or group of Contracts with the same counterparty or related counterparties), except Real Property Leases, involving the payment by the Parent Party of more than EUR 250,000.00 and which are not cancelable (without penalty, cost or other Liability) upon notice of ninety (90) days or less;
Future Payment Obligations. Any Contract (other than any Contract (A) containing a covenant by any Target Company to make, directly or indirectly, any advance, loan, extension of credit or capital contribution to, or other investments in, any Person, (B) relating to Indebtedness, or (C) between any Target Company, on the one hand, and any customer or dealer, on the other hand, in each case, entered into in the ordinary course consistent with past practice, or any Contract between any Target Company, on the one hand, and any manufacturer or distributor of automobiles, sport utility vehicles, light duty trucks or vans) involving the payment by such Target Company of more than $1,000,000 in any 12-month period or $7,500,000 in the aggregate during the term thereof, and which by its terms does not terminate or is not terminable without penalty by such Target Company upon 90 days' or less prior notice;
Future Payment Obligations. Any Contract (or group of related Contracts or group of Contracts with the same counterparty or related counterparties) involving, or reasonably expected to involve, the payment by the Target Company or the Transferred Subsidiary of (A) more than $250,000 in any 12-month period or (B) more than $400,000 in the aggregate;
Future Payment Obligations. Any Contract which creates future payment obligations of, or from any Person to, the Asia Target Companies or the Europe Target Companies in excess of $250,000 for each Business Unit and which by its terms does not terminate or is not terminable without penalty by any of the Target Companies upon notice of 90 days or less;
Future Payment Obligations. Any Contract which creates future payment obligations of, or from any Person to, any Target Company in excess of $250,000 and which by its terms does not terminate or is not terminable without penalty by any of the Target Companies upon notice of 90 days or less;