Settlement of Obligations. Within fifteen (15) days after the receipt by the CONTRACTOR of the Notice of Termination of the PROJECT, the parties shall settle their respective obligations including the refund of advances made to the CONTRACTOR and payment of services rendered less the amount of liquidated and other damages and penalties imposed under this Contract or authorized by law. Services and labor costs including goods and materials which are not acceptable to the PROCURING ENTITY shall not be paid for. The period for settlement of obligations may be extended by mutual Contract by the parties. Outstanding obligations which remain unsettled after the expiration of the 15-day period or any extension thereof shall earn a penalty interest of 1% per month, compounded monthly until fully paid.
Settlement of Obligations. To the fullest extent permitted by applicable law, you authorize us to obtain payment of your obligations to us under this Agreement from time to time by:
(a) initiating debit or credit transfers to any of the Accounts.
(b) deducting the payment from the amount of any transfer or bill payment. Such obligations include without limitation, fees owed to us and settlement for transfers or bill payments initiated through Digital Banking. At the time any account is closed (whether by you, by us, or otherwise) or a Digital Banking service is terminated (whether by you, by us, or otherwise,) you agree that all such obligations will be immediately due and payable to us, and you authorize us to withhold the amount of any such obligations from any Account. Debiting an account or deducting payment from the amount of any transfer or bill payment is not the Credit Union's exclusive remedy under this or any other section of this Agreement, and the Credit Union will not be deemed to have made an election of remedies by making any such debit or deduction on any one or more occasions.
Settlement of Obligations. You must settle any outstanding personal obligations that you may have with Xxxxxx.xxx and ensure that all pending expense reports are reconciled no later than two weeks from your Termination Date. To the extent allowed by law, you agree that any outstanding obligations and unreconciled expenses remaining after the date that is two weeks from your Termination Date will be deducted from any payments owed to you by Xxxxxx.xxx.
Settlement of Obligations. To the fullest extent permitted by applicable law, you authorize us to obtain payment of your obligations to us under this Agreement from time to time by (a) initiating debits to any of the accounts or (b) deducting the payment from the amount of any Bank Transfer. Such obligations include, without limitation, fees owed to us, and settlement for Bank Transfers initiated through our Business Online Banking Services. At the time any account is closed or Business Online Banking Services are terminated, you agree that all such obligations will be immediately due and payable to us, and you authorize us to withhold the amount of any such obligations from any account. Debiting an account or deducting payment from the amount of any Bank Transfer is not the Bank's exclusive remedy under this or any other section of this Agreement, and the Bank will not be deemed to have made an election of remedies by making any such debit or deduction on any one or more occasions.
Settlement of Obligations. To the fullest extent permitted by applicable law, you authorize us to obtain payment of your obligations to us under this Agreement from time to time by (a) initiating debits to any of the Accounts or (b) deducting the payment from the amount of any bank transfer or bill payment. Such obligations include, without limitation; fees owed to us and settlement for bank transfers or bill payments initiated through our Online Banking Service. At the time any account is closed (whether by you, by us, or otherwise) or any Online Banking Service is terminated (whether by you, by us, or otherwise), you agree that all such obligations will be immediately due and payable to us, and you authorize us to withhold the amount of any such obligations from any Account. Debiting an Account or deducting payment from the amount of any bank transfer or bill payment is not the Bank's exclusive remedy under this or any other section of this Agreement, and the Bank will not be deemed to have made an election of remedies by making any such debit or deduction on any one or more occasions.
Settlement of Obligations. To the fullest extent permitted by applicable law, you authorize us to obtain payment of your obligations to us under this Agreement from time to time by (a) initiating debit or credit transfers to any of your accounts or (b) deducting the payment from the amount of any bank transfer or bill payment. Debiting an account or deducting payment from the amount of any bank transfer or bill payment is not the Credit Union's exclusive remedy under this or any other section of this Agreement; therefore, the Credit Union will not be deemed to have made an election of remedies by making any such debit or deduction on any one or more occasions.
Settlement of Obligations. To the fullest extent permitted by applicable law, you authorize us to obtain payment of your obligations to us under this Agreement from time to time by (a) initiating debits to any of the Accounts, or
Settlement of Obligations. It is hereby agreed and confirmed by both the Parties that all the rights and obligations of the Parties in connection with the Loan Documents (as amended from time to time) hereby come to an end and no Party shall, upon the execution and performance of this Agreement in accordance with the terms set out herein, have any further claim of any nature whatsoever, arising out of or in relation to the Loan Documents (as amended or modified from time to time) or the subject matters contained therein. ln full and final settlement of all claims (whether past, present or future), each Party hereby expressly and unconditionally releases, cancels, forgives and forever discharges the other Party from all further obligations under the Loan Documents and from any actions, claims, demands, damages, obligations, liabilities, controversies and executions of any kind or nature whatsoever, whether known or unknown, whether suspected or not, which have arisen, or may have arisen, or may arise out of the subject-matter of the Loan Documents on account of any act or omission of such Party, whether in the past, present or future.
Settlement of Obligations. The Parties hereby agree and acknowledge that any and all of the following payment obligations (the “Extinguished Obligations”) are hereby settled and extinguished as of the Effective Date:
(a) EmTech’s outstanding payment obligations under Section 2 of the Subscription Agreement;
(b) EmTech’s payment obligations under the TSA in connection with services included in the SOWs;
(c) TStamp’s payment obligations under the Promissory Notes, which are henceforth deemed canceled; and
(d) TStamp’s obligation to repay any outstanding Expense Reimbursement.
Settlement of Obligations. The parties shall make full settlement of outstanding obligations under the Agreement as follows:
