Amounts Due the Authority Clause Samples
The 'Amounts Due the Authority' clause defines the obligation of a party to pay any sums owed to a governing or contracting authority under the terms of an agreement. This clause typically outlines the types of payments that may be required, such as fees, penalties, reimbursements, or other financial obligations, and may specify the timing and method of payment. Its core practical function is to ensure that the authority receives all monies it is entitled to, thereby preventing disputes over unpaid amounts and clarifying the financial responsibilities of the parties involved.
Amounts Due the Authority. The Authority may deduct sums otherwise due the Consultant for actions inconsistent with contract requirements. Where the sums to be deducted are more than the funds otherwise due the Consultant, the Consultant shall remit all amounts due to the Authority within 30 days. If payment is not received within 30 days of the agreed upon date the Authority reserves the right to deduct the amount due from future payments owed the Consultant. The Authority reserves the right to be reimbursed by the Consultant or deduct sums otherwise owed, for the following: