Liquidated Debt Clause Samples
A Liquidated Debt clause defines an amount of money that is specifically determined and agreed upon by the parties as being owed under a contract. This clause applies when the debt is clear, undisputed, and the exact sum is known, such as a fixed payment for goods delivered or services rendered. By establishing a precise amount, the clause eliminates ambiguity and potential disputes over payment, ensuring both parties understand their financial obligations and streamlining the process of debt recovery if necessary.
Liquidated Debt. Contractor represents and warrants that it has no undisclosed liquidated and
Liquidated Debt. The Landlord may remedy any default by the Tenant and recover its costs of doing so from the Tenant as a liquidated debt.
Liquidated Debt. Contractor represents and warrants that it has no undisclosed liquidated and delinquent debt owed to the State or any agency, board, commission, department or division of the State.
Liquidated Debt. The Lessor may remedy any default by the Lessee and recover its costs of doing so from the Lessee as a liquidated debt.
Liquidated Debt. If Authorized Purchaser is a State Agency, Contractor represents and warrants that Contractor has no undisclosed liquidated and delinquent debt owed to the State or any department or agency of the State.
Liquidated Debt. The Seller may recover any money payable by the Buyer pursuant to the Contract from the Guarantor as a liquidated debt.