Obligations For Payment Sample Clauses
The "Obligations For Payment" clause defines the responsibilities of the parties regarding the payment of amounts due under the agreement. It typically outlines when payments must be made, the acceptable methods of payment, and any conditions or documentation required for payment processing. For example, it may specify that invoices must be paid within 30 days of receipt or that payments should be made via bank transfer. This clause ensures that both parties have a clear understanding of their financial duties, reducing the risk of disputes over payment timing or methods.
Obligations For Payment. If the unpaid balance of the Contract Sum exceeds costs of finishing the Work, such excess shall be paid to the Contractor. If such costs exceed the unpaid balance, the Contractor shall pay the difference to the Owner. This obligation for payment shall survive termination of the Contract.
Obligations For Payment. Notwithstanding any provision herein to the contrary, in the event any item is not paid by Administrator, CWC has the right, but not the obligation, to make payment on such account on behalf of the Administrator and to charge any such amount to the Administrator. Such amount shall be deducted from the Administrative Fee.
Obligations For Payment. Sublessee's obligation to pay all amounts due hereunder is absolute and unconditional and is not subject to any abatement, reduction, set-off, defense, counterclaim, interruption, deferment or recoupment for any reason whatsoever.