Additional Payment Obligations Sample Clauses
The 'Additional Payment Obligations' clause defines the circumstances under which one party may be required to make payments beyond the standard or initial amounts specified in the contract. This clause typically covers extra costs that may arise due to changes in law, taxes, regulatory fees, or other unforeseen expenses that are not included in the base agreement. For example, if a new tax is imposed after the contract is signed, the responsible party may need to cover this additional cost. The core function of this clause is to allocate financial responsibility for unexpected or supplementary expenses, ensuring that such costs are clearly assigned and do not become a source of dispute between the parties.
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Additional Payment Obligations. It is the express intention of both Landlord and Tenant that Tenant’s payments of Base Rent and other sums in consideration of the occupancy and Option rights granted herein shall relieve Landlord of all debt service and operational cost obligations associated with the Premises, except to the extent specifically excepted or stipulated hereinafter. Accordingly, any sums payable by Tenant under this Section 6 shall be additional rent and collectible as such (collectively, such payment obligations arising under this Section 6 being referred to herein as “Additional Rent”). Tenant expressly acknowledges, covenants and agrees that Tenant’s obligation to pay Base Rent under Section 5 above and to pay Additional Rent as set forth in this Section 6 are independent of any obligation of Landlord under this Lease and that all Rent and Additional Rent (collectively and where no distinction is desired or required, “Rent”) are payable to Landlord or its Lender and their successors and assigns, ELECTRONICALLY FILED - 2020 Feb 07 2:40 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 notwithstanding any claim of default by Landlord as may exist hereunder and without any self-effecting right or privilege of set-off, off-set deduction, abatement, or reduction whatsoever. In other words, Rent is a separate covenant. Additional Rent shall be remitted and prorated in the same fashion as Base Rent.
Additional Payment Obligations. Tax gross-up and indemnities
Additional Payment Obligations. 16. Tax gross up and indemnities 61 17. Increased costs 65 18. Other indemnities 66 19. Mitigation by the Lenders 67 20. Costs and expenses 67 21. Guarantee and indemnity 69 22. Representations 75 23. Information undertakings 79 24. Financial covenants 82 25. General undertakings 88 26. Events of Default 93
Additional Payment Obligations. 13. Tax gross up and indemnities 37 14. Increased costs 46 15. Other indemnities 47 16. Mitigation by the Lenders 48 17. Costs and expenses 48 18. Guarantee and indemnity 49
Additional Payment Obligations. Unless otherwise expressly provided in this Agreement, Customer’s payment obligations are non-cancelable and, upon payment, all payments made by Customer are non-refundable and will be free of any deduction, set-off, counterclaim or withholding whatsoever. All payments will be made in the currency set forth in the applicable Transaction Document. Fees are due within 30 days from receipt of Rhapsody’s invoice (or as otherwise set forth in the invoice) unless subject to a reasonable and good faith dispute. Specifically with respect to the Cloud Service, if fees are not paid when due and Customer does not remit payment within thirty (30) days after Rhapsody provides Customer with written notice (which may be by email) that fees are past due, Rhapsody may suspend Customer’s access to the Cloud Service. This suspension is in addition to Rhapsody’s other rights under this Agreement, including terminating this Agreement or the applicable Schedule for breach. In the event of any such suspension and unless Rhapsody has elected to terminate this Agreement or the applicable Schedule, Rhapsody may also require payment of a reinstatement fee before again providing Customer with access to the Cloud Service. Past due amounts will incur interest at a rate equal to the lower of 1.5% per month or the highest rate permitted by law. In addition, Customer will reimburse Rhapsody for all reasonable and actual costs incurred by Rhapsody in collection of delinquent amounts not subject to a reasonable and good faith dispute.
Additional Payment Obligations. 19 CLAUSE 7................................................................. 22
Additional Payment Obligations. 20. Tax Gross-Up and Indemnities 103 21. Increased Costs 109 22. Other Indemnities 110 23. Mitigation by the Lenders 112 24. Costs and Expenses 112 25. Guarantee and Indemnity 113 26. Representations 118 27. Information Undertakings 123
Additional Payment Obligations. Tax gross-up and indemnities 13. Increased costs
Additional Payment Obligations. 10. RESERVED
Additional Payment Obligations. All payments will be made in the currency set forth in the applicable Transaction Document. Fees are due within 30 days from receipt of Company’s invoice (or as otherwise set forth in the invoice). Any payment not received from Customer by the due date will be a material breach of this Agreement and Company will be entitled to suspend any or all of its performance obligations under this Agreement. In addition, past due amounts are subject to a service charge equal to the lesser of
(i) one and one-half percent per month or (ii) the maximum rate allowed by law. However, late fees will not apply to the extent a payment is the subject of a good faith dispute between the parties provided that Customer has notified Company of the dispute in writing and is working with Company to expeditiously resolve the dispute. Customer will also reimburse Company for all reasonable and actual costs incurred by Company in collection of delinquent amounts not subject to a good faith dispute.