Monetary Obligations Clause Samples
The Monetary Obligations clause defines the financial responsibilities that one or both parties must fulfill under the agreement. It typically outlines the amounts to be paid, payment schedules, acceptable methods of payment, and any applicable interest or penalties for late payments. By clearly specifying these terms, the clause ensures both parties understand their financial commitments, reducing the risk of disputes and facilitating smooth financial transactions throughout the contract.
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Monetary Obligations the failure of Borrower to make due and punctual payment of the Indebtedness as the same shall become due and payable, whether at maturity or when accelerated pursuant to any power to accelerate contained in any Loan Document, if such failure continues for five (5) days after receipt by Borrower of written notice and demand therefor from Administrative Agent, but such notice and cure period will not apply more than three (3) times in any calendar year and such notice and cure period will not apply at the Maturity Date; or
Monetary Obligations. Notwithstanding the foregoing, the occurrence of Force Majeure shall not prejudice nor otherwise affect either Party’s liability to pay remuneration or reimbursement of expenses to which the other Party is entitled on or before the date of occurrence.
Monetary Obligations. Seller shall pay and satisfy in full any and all Monetary Obligations on or before the Closing Date.
Monetary Obligations. The amounts payable under this Agreement are intended to satisfy all entitlements that an Employee may have under any applicable award, industrial agreement or law, including in respect of any overtime, allowances, shift penalties, public holidays penalties, annual leave loading and any other allowances and benefits, and any payments paid to the Employee may be absorbed or used to off-set against any monetary obligation imposed on the Employer by any applicable award, this Agreement or the National Employment Standards or the FW Act.
Monetary Obligations. None of the Parties shall be responsible for Facilities Removal costs in excess of the State Cost Cap.
Monetary Obligations. Seller shall pay and satisfy in full any and all liens, liabilities and encumbrances placed, or caused to be placed, of record against the Real Property evidencing a monetary obligation which can be removed by the payment of money (the “Monetary Obligations”) on or before the Closing Date.
Monetary Obligations. Borrower fails to pay: (i) prior to the Maturity Date, any Indebtedness within 5 days after it is due and payable; or (ii) all of the Indebtedness on the Maturity Date; or
Monetary Obligations. Lessee shall pay and discharge all sums of money required to be paid or reimbursed by Lessee under this Lease to Lessor, to any party on behalf of Lessor, or to any Indemnified Party (“Monetary Obligations”). Lessee shall pay and discharge any Monetary Obligations when the same shall become due, provided that amounts which are billed to Lessor or any third party, but not to Lessee, shall be paid within fifteen (15) days after Lessor’s demand for payment thereof or, if later, when the same are due. In no event shall Lessee be required to pay to Lessor any Monetary Obligation that Lessee is obligated to pay and has paid to any third party pursuant to any provision of this Lease.
Monetary Obligations. Seller shall satisfy all Monetary Obligations of record against the Property on or before the Closing Date.
Monetary Obligations. Tenant at any time is in default hereunder as to any monetary obligation, and such default continues for thirty (30) days after the date upon which the Landlord shall have given Tenant a Notice of Default (as defined in Section 13.2.1);