Principal’s Obligation to Pay Sample Clauses

Principal’s Obligation to Pay. Subject to the provisions of Clause 9.6 and except in the event of termination by the Principal occurring as a result of violation by the Contractor of Clause 17.2, or termination by the Principal according to Clause 9.3.2 or 9.3.3 in the event this Agreement is terminated for any reason prior to completion of the Study, the Principal shall have an obligation to pay the Contractor the following:
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Principal’s Obligation to Pay. Subject to the provisions of Clause 9.7 of the Agreement, if the Agreement is terminated due to the fault of the Service Provider, the Principal shall pay for those parts of the Service that have been fully completed, but the Principal shall have no obligation to cover the Costs incurred by the Service Provider for the uncompleted Services.
Principal’s Obligation to Pay. In the event of termination of the Agreement due to the fault of the Principal in accordance with Clause 12.1 or 12.3.1 of the Agreement, the Principal shall be obliged to compensate to the Contractor only those direct and reasonable Costs which are attributable to the Services and are incurred by the Contractor until the termination of the Agreement. The total amount of such Costs shall in any case not exceed the amount of the Fee payable as per Clause 9.2 for the Services under the respective Phase. The Principal shall have no obligation to pay any of the Costs incurred by the Contractor with respect to any Services (or part of the Services), if the Agreement has been terminated due to the violation of Clause 20.2 by the Contractor or due to application of international sanctions as per Clause 12.3.2(b) or for the Services, which are not deemed as having been accepted by the Principal in accordance with Clauses 10.2, 10.4, 10.5 and 10.6 of this Agreement due to the fault of the Contractor.
Principal’s Obligation to Pay. Except in the event of termination by the Principal occurring as a result of violation by the AsBo of Clause 21.2, or termination by the Principal according to Clause 13.3.2 or 13.4 in the event this Agreement or the specific Assignment Order is terminated for any reason prior to completion of an Assignment, the Principal or the respective Implementing Body, as applicable, shall have an obligation to pay the AsBo the following: the Costs incurred by the AsBo up to the date of termination; and except where termination is due to negligence of the AsBo, due to the application of international sanctions, breach by the AsBo, insolvency of the AsBo or a Force Majeure Event under Section XVI. Force Majeure : an amount equal to the costs reasonably and properly incurred by the AsBo as a result of or in connection with such termination; and such additional amount as is required to put the AsBo in the same after-tax position (taking into account the amount of any relief, allowance, deduction, set-off or credit relating to tax available to the AsBo in respect of the payment received) as it would have been in if the payment had not been a taxable receipt in the hands of the AsBo.

Related to Principal’s Obligation to Pay

  • Obligations During the Employment Term, Executive will perform his duties faithfully and to the best of his ability and will devote his full business efforts and time to the Company. For the duration of the Employment Term, Executive agrees not to actively engage in any other employment, occupation or consulting activity for any direct or indirect remuneration without the prior approval of the Board.

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