No Prepaid Expenses Clause Samples
The "No Prepaid Expenses" clause prohibits one party from including or seeking reimbursement for expenses that have been paid in advance prior to the effective date of the agreement. In practice, this means that only expenses incurred after the agreement is in effect are eligible for reimbursement or consideration under the contract. This clause ensures that the financial obligations of the parties are limited to costs directly related to the period of the agreement, preventing disputes over payments for goods or services acquired before the contractual relationship began.
No Prepaid Expenses. Except as set forth on Schedule 5(t), Seller has not received any deposits or prepaid expenses that are not fully earned as of the Closing Date.
No Prepaid Expenses. The Parties acknowledge and agree that neither Party has prepaid any expenses that are subject to reimbursement.