PAYMENT INCREASE Clause Samples
A Payment Increase clause establishes the conditions under which the amount payable under a contract may be raised. Typically, this clause outlines specific triggers for an increase, such as inflation adjustments, changes in the cost of materials, or the passage of a certain period. For example, it may allow for annual price escalations based on a consumer price index or other agreed-upon metrics. The core function of this clause is to ensure that payments remain fair and reflective of changing economic circumstances, thereby protecting the interests of the party receiving payment against rising costs.
PAYMENT INCREASE. The Borrower, when not in Default, shall have the privilege of increasing the then regular loan payment on account of principal and interest, in an amount not to exceed 15% thereof, or reducing the aforesaid increased payment by an amount up to but not exceeding 15%, once during any year. It is understood that the principal and interest portion of the regular loan payment may never be less than the original principal and interest amount.
PAYMENT INCREASE. Notwithstanding Section 3.4(a), in the event Licensee, an Affiliate or a Sublicensee directly or indirectly institutes or makes any Challenge, all of the payment obligations under this Section 3 (excluding Sections 3.1, 3.2 and 3.4(b)) and under Section 4 (excluding Section 4.3) of this Agreement shall be […***…] during the pendency of such Challenge from the date such challenging party first institutes or makes such Challenge and during the pendency of such Challenge, and shall continue to apply after the conclusion of such Challenge in the event that at least one Valid Claim that covers a Licensed Product is held to be valid and enforceable.
PAYMENT INCREASE. Any extensions or renewals of this Agreement shall be subject to an increase in the monthly payments.
PAYMENT INCREASE. The Supplier may increase the Supply Payment for any Extra Supply under this provision by an amount calculated in compliance with this Agreement.