Owed Party definition

Owed Party has the meaning set forth in Section 6.1.
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Owed Party has the meaning set forth in Section 7.05 of this Agreement.
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Owed Party shall have the meaning set forth in Section 7.05.
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Examples of Owed Party in a sentence

  • All payments shall be made to the Owed Party or to the appropriate Taxing Authority as specified by the Owed Party within the time prescribed for payment in this Agreement, or if no period is prescribed, within ten (10) days after delivery of written notice of payment owing together with a computation of the amounts due.

  • Contracts vary widely in their specificity or completeness, along several dimensions which are essentially based on task and output and/or outcome specificity.

  • All payments shall be made to the Owed Party within the time prescribed for payment in this Agreement, or if no period is prescribed, within twenty (20) days after delivery of written notice of payment owing together with a computation of the amounts due.

  • Upon resolution of such claim the Owed Party shall be entitled to payment from the Escrow Account of an amount which does not exceed the amount due to it from the Owing Party in relation to the resolved claim, with the balance standing to the credit of the Escrow Account being payable to the Owing Party.

  • In case the payment of any Invoice for charges payable under this Agreement is delayed by either Party (“Owing Party”) beyond its Due Date, a Late Payment Surcharge shall be payable by the Owing party to the Owed Party at the rate of the Standard Interest per year on the outstanding amount, calculated on a day to day basis for each day of the delay, compounded on monthly rests.

  • The Responsible Party shall indemnify the Owed Party against the Tax and any amounts recoverable from the Owed Party in respect of the Tax.

  • All payments shall be made to the Owed Party or to the appropriate Taxing Authority as specified by the Owed Party within the time prescribed for payment in this Agreement, or if no period is prescribed, within thirty (30) days after delivery of written notice of payment owing together with a computation of the amounts due.

  • In the event a party (“Owing Party”) fails to timely pay any amount owed to the other party (“Owed Party”) under this Agreement or any Order, Owed Party may offset any such amount against any amount owed by Owed Party or any Affiliate of Owed Party under this Agreement or Order to Owing Party.

  • Although the number of venture capital deals decreased slightly compared to last quarter, aggregate deal value in dollar terms reached $40 billion, the second highest quarter on record, surpassed only by Q3 2015.• According to Preqin data, the number of buyout deals increased by 7% over the prior quarter.

  • However, nothing in this Agreement is meant to release the Owing Party from its obligation to pay the Deficiency according to the Payment Plan herein or limit the rights of the Owed Party in collecting said Deficiency.


More Definitions of Owed Party

Owed Party has the meaning prescribed in Section 7.5.
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Owed Party has the meaning set forth in Section 8.04.
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Owed Party shall have the meaning set forth in Article III of this Agreement.
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Owed Party has the meaning prescribed in Section 4.03.
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Owed Party shall have the meaning set forth in Section 11.1(a) of this Agreement.
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Owed Party has the meaning given to it in Clause 7.4. Owing Party has the meaning given to it in Clause 7.4. Lessor means the owner of the Leased Premises.
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Related to Owed Party

  • Paying Party shall have the meaning set forth in Section 5.7.

  • Tax Authority means, with respect to any Tax, the governmental entity or political subdivision thereof that imposes such Tax, and the agency (if any) charged with the collection of such Tax for such entity or subdivision.

  • Disputing Party has the meaning specified in Paragraph 5.

  • Tax Indemnified Party shall have the meaning set forth in Section 7.6(d).

  • Tax Indemnitee as defined in Section 3.01(5).

  • Taxing entity means a public entity that:

  • Non-Paying Party is the Party that has not made payment by the Bill Due Date of all amounts within the bill rendered by the Billing Party.

  • Certificate Paying Agent means any paying agent or co-paying agent appointed pursuant to Section 3.10 and shall initially be Wilmington Trust Company.

  • Relevant Tax Authority means HMRC, or, if applicable, the tax authority in the jurisdiction in which the Supplier is established;

  • Taxing Authority means any governmental authority or any subdivision, agency, commission or entity thereof or any quasi-governmental or private body having jurisdiction over the assessment, determination, collection or imposition of any Tax (including the IRS).

  • Claiming Party has the meaning assigned to such term in Section 3.02.

  • Closing Agent means the attorney, real estate firm, or closing company that is closing the cash sale qualifying purchase transaction and that prepares the cash sale settlement statement.

  • Tax Matters Person Certificate The Class A-R Certificate with a Denomination of $0.01.

  • Indemnified Tax means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of a Credit Party under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes.

  • Relevant Taxing Jurisdiction shall have the meaning specified in Section 4.07(a).

  • Tax Indemnifying Party shall have the meaning set forth in Section 7.6(d).

  • taxing officer means the Chief Registrar or such other officer of the Court as the Chief Judge may appoint to tax costs.

  • Auditing Party means the Party conducting an audit of the Audited Party’s books, records, data and other documents.

  • Tax Matter has the meaning set forth in Section 7.01.

  • Responding Party shall have the meaning set forth in Section 12.2 hereof.

  • Tax Matters Person Any person designated as "tax matters person" in accordance with Section 5.06 and the manner provided under Treasury Regulation ss. 1.860F-4(d) and Treasury Regulation ss. 301.6231(a)(7)-1.

  • IRS means the United States Internal Revenue Service.

  • Designating Party has the meaning set forth in Section 12.22.3.

  • Disputing Parties means the claimant and the respondent;

  • Escrow Paying Agent Means the Person acting as paying agent under the Escrow Agreement.

  • Servicer Indemnified Party As defined in Section 8.05(c) of this Agreement.