PAYMENTS DUE HEREUNDER Clause Samples
The "Payments Due Hereunder" clause defines the obligations and timing for making payments under the agreement. It typically specifies when payments must be made, the acceptable methods of payment, and any conditions or milestones that trigger payment obligations. For example, it may require payment within 30 days of receiving an invoice or upon completion of certain deliverables. This clause ensures both parties are clear on payment expectations, reducing the risk of disputes over when and how much is owed.
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PAYMENTS DUE HEREUNDER. The payment obligations of the Company hereunder shall be met by the payment of such amounts to Executive by Solo Cup Company or a Subsidiary or affiliate of the Company.
PAYMENTS DUE HEREUNDER a. Payment of an Equity Share Amount each and every sale, full or partial transfer or conveyance, financing or additional financing, or occurrence of each and every Event of Default which occurs during the Affordability Period.
b. The Original Principal Amount shall be due and payable at the earlier to occur of: (i) occurrence of an Event of Default, or (ii) as of the Principal Maturity Date.
c. Any other amounts which become due and payable by Maker under the Agreement shall be added to the principal amount due and owing under this Promissory Note.