Continuing Payments Clause Samples
The Continuing Payments clause requires that certain payment obligations remain in effect even after the termination or expiration of an agreement. Typically, this applies to amounts that became due before the contract ended, such as outstanding invoices or accrued fees, and may also cover ongoing royalties or license fees tied to prior use. Its core function is to ensure that parties fulfill their financial commitments regardless of the contract’s status, thereby preventing disputes over unpaid amounts after the relationship ends.
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Continuing Payments. (i) If this Agreement is terminated for any reason and Customers introduced to FIMAT by lB remain Customers of FIMAT thereafter, FIMAT shall continue to make Continuing Payments (as defined below) to IB as long as such Customers remain Customers of FIMAT or any affiliate thereof.
(ii) If, during the term of this Agreement, any Customer of IB introduced to FIMAT by IB chooses to terminate its relationship with IB and enter into a direct relationship with FIMAT, FIMAT shall continue to make Continuing Payments to IB for as long as such Customer remains a Customer of FIMAT or any affiliate thereof.
Continuing Payments. Subject to the provisions of this Section 1(a) and Section 15, the Company agrees to pay Employee a total of four hundred and ninety thousand dollars ($490,000.00), less applicable withholdings, until February 28, 2019 (the “Severance Period”), starting from the first regular payroll date following the Effective Date, in accordance with the Company’s regular payroll practices. Any payments that Employee would have received from the Employment Termination Date through the Effective Date will be included in the first payment made to the Employee following the Effective Date and pursuant to this Section. Without limiting the Company’s rights or remedies in any way, Employee’s right to receive the severance payments under this Section 1(a) is conditioned on Employee complying with the terms and conditions of this Agreement and the Confidentiality Agreement.
Continuing Payments. In the event any of the events described in this Section 6 should occur during the term of this Agreement, and result in payments to the Executive which would in their normal course continue beyond the term of this Agreement, such payments shall be made at such times and in such amounts as if the term of this Agreement had not expired.
Continuing Payments. Tenant shall pay Landlord the sum of $3,216,816.40 in accordance with the schedule attached hereto as Exhibit “A.”
Continuing Payments. An amount equal to Executive’s Base Salary payments times 2.9 years. All such payments to be made within 90 days of termination; plus
Continuing Payments. BIOCHEM and SP shall share Profit with [***] going to BIOCHEM and [***] going to SP; provided, however, after the second anniversary of the First Commercial Sale on a country-by-country basis, the share of Profit payable to SP shall never be less than [***] of Gross Profit.
Continuing Payments. Tenant shall begin remitting the remaining monthly Additional TI Allowance Payments of $9,468.33 to Landlord beginning with the November 1, 2022 payment and continuing on the first (1st) day of each month for the remainder of the initial Term (i.e., the last such payment shall be due on May 1, 2031) as Additional Rent pursuant to the terms of the Lease.
Continuing Payments. Assignee shall on each of the first through the seventh annual anniversary of the Assignment Date, pay Assignor the sum of $4,800.
Continuing Payments. In consideration of your agreement, without revocation, to the terms and conditions of this Agreement, and the release of claims as set forth below, the Company will provide you with your Base Salary (as defined in Section 3.1 of the Employment Agreement), in effect on the day before the Termination Date, for the balance of the Initial Term (as defined in Section 1 of the Employment Agreement) in accordance with the Company’s regular pay cycle. The payments hereunder shall not be subject to reduction due to compensation received in connection with other employment as set forth in Section 5.1 of the Employment Agreement.
Continuing Payments. The Borrower must comply with all of its:
(1) Continuing Payment Obligations; and
(2) payment obligations under an ‘Underlying Agreement’ (as defined in the MHLLC Operating Agreement).