Agree to Pay Clause Samples

The "Agree to Pay" clause establishes the obligation of one party to make specified payments to another under the terms of the agreement. Typically, this clause outlines the amount, timing, and method of payment, and may specify what triggers the payment, such as delivery of goods, completion of services, or achievement of milestones. Its core practical function is to ensure both parties have a clear understanding of payment expectations, reducing the risk of disputes over financial obligations.
Agree to Pay. Effective January 1, 2020 through the expiration of this Agreement, the Employer agrees to contribute contribution rates necessary for the above-mentioned benefits, as determined by the Fund, to sustain benefits. The parties agree and understand that, if the appropriate contribution rates are not paid, the Trustees of the Fund may eliminate benefits to otherwise eligible participants and terminate the Employer’s participation pursuant to the Fund’s Minimum Standards.
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Related to Agree to Pay

  • Non-Escalation Unless otherwise specified within the RFP documents, the unit prices reflected on the contract shall remain firm with no provision for price increases during the term of the contract.

  • Pay As compensation for the services provided, the Employee shall be paid

  • Project Renewal Renewal of a PI’s access to controlled-access datasets for a previously-approved project.

  • Obligation to Pay The originally executed obligation to pay or similar agreement evidencing the obligation of the consumer under a Sharia Mortgage Loan, together with any modification thereto. Officers' Certificate: A certificate signed by the Chairman of the Board, the President or a Vice President or Assistant Vice President, or a Director or Managing Director, and by the Treasurer, the Secretary, or one of the Assistant Treasurers or Assistant Secretaries of the Company or the Master Servicer, as the case may be, and delivered to the Trustee, as required by this Agreement.

  • Escalation If parties are unable to resolve the issue in a timely manner, as specified above, either Sourcewell or Supplier may escalate the resolution of the issue to a higher level of management. The Supplier will have 30 calendar days to cure an outstanding issue.