Contingent Amounts Sample Clauses
The "Contingent Amounts" clause defines how payments or obligations that depend on the occurrence of certain events are handled within an agreement. It typically outlines the specific conditions or triggers—such as achieving a sales milestone, regulatory approval, or the occurrence of a particular event—that must be met before a party is required to pay or perform. This clause ensures that parties are only obligated to fulfill certain financial or contractual duties if and when the specified contingencies arise, thereby allocating risk and clarifying when and how such obligations become enforceable.
Contingent Amounts. If at the time of distribution of any money under clause 13.1, any part of the Secured Money is contingently owing to the Lender, the Lender or any Receiver may retain any surplus money until the amount of the Secured Money which is contingently due has been finally determined.
Contingent Amounts. If at any time an amount Is contingently due from the Borrower or an amount due is not quantified, Westpac NZ may retain end withhold repayment of any money in any account of the Borrower and the payment of interest of other moneys pending that amount becoming due and/or being quantified and may set off the maximum liability which may at any time be or become owing to Westpac NZ by the Borrower and in each case without prior notice of demand.
Contingent Amounts. If any Secured Money is contingently owing at the time of an application of money under clause 28.1, then:
(a) (retention of money) the Chargee may retain from money received in connection with the exercise of its rights an amount equal to the contingently owing Secured Money; and
(b) (deposit of money retained) the amount retained may be deposited in an interest-bearing account in the joint names of the Chargee and the Chargor with any person on terms which the Chargee thinks fit until that part of the Secured Money ceases to be contingently owing. At that time that amount is to be applied in accordance with clause 28.1. Any amount then remaining in the account will continue to be dealt with in accordance with this clause 28.3.
Contingent Amounts. Subject to Section 2.13:
Contingent Amounts. Schedule 2.4.2(a)(i) Cash Amount at Closing Schedule 2.4.2(a)(ii) Stock Consideration Schedule 2.4.2(a)(iii) Allocable Percentage Schedule 3.2 Related Party Agreements Schedule 4.2(b)(i)(A) Resigning persons Schedule 4.2(b)(i)(B) Resignation letter Schedule 4.2(f) Confirmatory Transfer Agreement Schedule 6.1 Fundamental Warranties and Infringement Warranty Schedule 6.2 Business Warranties Schedule 7 Purchaser Warranties
Contingent Amounts. The Purchaser shall pay to each Seller an amount equal to each Contingent Amount multiplied by such Seller portion of the Cash Amount at Closing divided by the total amount of the Cash Amount at Closing, to the extent such Contingent Amount has been received by the Company, as set forth opposite his/her/its name in Schedule 2.4.2(a)(i), less any refund due and payable by such Seller to the Purchaser under Section 8 which amount has otherwise not been paid by such Seller or set-off in accordance with Section 8.5(d), on the first (1st) Business Day following receipt of such Contingent Amount by the Company, by wire transfer(s) of immediately available funds to such Seller's bank account which shall be credited with value date (date de valeur).
Contingent Amounts. Without prejudice to the obligations of the Borrower under Clause 32.6, the Borrower shall not be obliged to pay interest under this Clause 32 on any amount due and payable under this Agreement or the Trust Deed in respect of any contingent liability of the Lender under a Letter of Credit or in respect of any unmatured ▇▇▇▇ accepted for the Borrower's account unless and until:
(a) where the amount was payable in respect of the contingent liability of the Lender under a Letter of Credit, a claim is made on the Lender under or in relation to the Letter of Credit; FACILITY AGREEMENT --------------------------------------------------------------------------------
(b) where the amount was payable in respect of an unmatured ▇▇▇▇ accepted for account, the maturity date of that ▇▇▇▇.
Contingent Amounts. Each Guarantor acknowledges that the Secured Money may include an amount which is contingently owing or which may become owing in the future and that, so long as the Financier is entitled to make demand on each Guarantor (without being obliged to make that demand), each Guarantor must pay to the Financier an amount equal to any contingent or future amount included in the Secured Money notwithstanding that that amount may not have fallen due as at the date of that demand.
Contingent Amounts. If at any time an amount is contingently due to the Bank or an amount due is not quantified, the Bank may retain and withhold repayment of any such credit balance and the payment of interest or other moneys pending that amount becoming due or being quantified and may set off the maximum liability which may at any time be or become owing to the Bank by the Mortgagor and in each case without prior notice or demand.