Deny Payment Clause Samples

The Deny Payment clause allows one party to withhold or refuse payment under certain specified circumstances. Typically, this clause applies if the other party fails to meet contractual obligations, such as delivering goods or services as agreed, or if there are defects or breaches identified in performance. Its core practical function is to protect the paying party from having to fulfill payment obligations when the other party has not met their responsibilities, thereby allocating risk and incentivizing proper performance.
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Deny Payment. The Trust may deny payment for Project Services not performed or any work or services not authorized under this Agreement.
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Deny Payment. The UCRC may deny payment for those obligations not performed, that due to the Contractor’s actions or inactions, cannot be performed or, if performed, would be of no value to the UCRC; provided, that any denial of payment shall be reasonably related to the value to the UCRC of the obligations not performed.
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Related to Deny Payment

  • Timely Payment The Borrowers will make due and timely payment, as provided for herein, of the principal of all Loans, all interest thereon and all fees and other amounts required to be paid hereunder.

  • Early Payment You may pay all or any part of your Outstanding Loan Balance at any time without notice, penalty or bonus.

  • ▇▇▇▇▇▇▇▇▇ Payment The Company shall pay to you the following amounts: i. the Accrued Obligations, which shall be paid to you in a single lump sum cash payment within fifteen (15) calendar days of the Date of Termination; ii. the Pro Rata Bonus, which shall be paid to you in a single lump sum cash payment no later than the later of (A) fifteen (15) calendar days following the Date of Termination or (B) the effective date of the Waiver and Release; iii. an amount equal to the product of (A) 2.0 times (B) the sum of (1) your Adjusted Base Salary plus (2) the greater of (x) your Target Bonus or (y) the average of the annual bonuses paid or to be paid to you with respect to the immediately preceding three (3) fiscal years, which amount shall be paid to you in a single lump sum cash payment no later than the later of (i) fifteen (15) calendar days following the Date of Termination or (ii) the effective date of the Waiver and Release; iv. if you had previously consented to the Company’s request to relocate your principal place of employment more than forty (40) miles from its location immediately prior to the Change of Control, all unreimbursed relocation expenses incurred by you in accordance with the Company’s relocation policies, which expenses shall be paid to you in a single lump sum cash payment no later than the later of (A) fifteen (15) calendar days following the Date of Termination or (B) the effective date of the Waiver and Release; and v. the Other Benefits, which shall be paid in accordance with the then-existing terms and conditions of such plans, programs or policies.

  • Premium Payment The Bank shall pay any premiums due on the Policy.

  • Monthly Payment City shall make monthly payments, based on invoices received, for services satisfactorily performed, and for authorized reimbursable costs incurred. City shall have 30 days from the receipt of an invoice that complies with all of the requirements above to pay Consultant.