Outstanding Payment Obligations Clause Samples

Outstanding Payment Obligations. Simultaneous with the execution and delivery of this Agreement, each of Producer and Generator shall make all outstanding and accrued Site License Fee, Coal Yard Services Fee, monthly utility payments, and any other payments owed by it to the other under the Operation Agreement.

Outstanding Payment Obligations. The Parties agree and acknowledge that, as of the Termination Date, except for the unpaid purchase price consideration for SII Products supplied by SII to FEP prior to the Termination Date, there are no amounts, whether in the nature of royalties, purchase price consideration for products or materials supplied, fees for services rendered or otherwise, due, payable or otherwise standing to the credit of either Party under the Subject Agreements, including any amounts payable as, in respect of or in connection with any “Make Whole Sum”, “Minimum Purchase Target”, “Annual Target”, “Minimum”, “Shortfall” or other minimum purchase commitments, howsoever characterized, under the US Agreement or the Omnibus Agreement. FEP shall pay the said unpaid purchase price consideration to SII in accordance with the terms as once set forth in the US Agreement and the Omnibus Agreement.

Outstanding Payment Obligations. Termination of this Agreement, for whatever reason, shall not affect the obligation of either Party to make any payments for which it is liable and which have become due and payable prior to or upon such termination. Upon any termination of this Agreement, CUSTOMER shall be financially responsible for commitments made under this Agreement and [***]

Outstanding Payment Obligations. As promptly as practicable after the Execution Date, (i) UBI shall extinguish [***] of outstanding purchase orders related to the Collaboration Agreement and (ii) SHDI shall extinguish [***] that was paid to UBI pursuant to Section 3.2 of the Supply Agreement.