Payment of Withheld Amounts Sample Clauses

The 'Payment of Withheld Amounts' clause defines the process by which funds that have been previously withheld—often due to disputes, pending obligations, or regulatory requirements—are eventually released and paid to the appropriate party. Typically, this clause outlines the conditions that must be met for the withheld amounts to be paid, such as the resolution of a dispute or the fulfillment of certain contractual obligations. Its core practical function is to ensure that withheld funds are not retained indefinitely and are disbursed fairly once the relevant issues are resolved, thereby protecting both parties' interests and promoting timely settlement of outstanding amounts.
Payment of Withheld Amounts. 8 Upon CONTRACTOR’s remedy of the above-listed grounds for withholding 9 payment and demonstration of the remedy to the reasonable satisfaction of the City 10 Representative, CITY shall pay all withheld amounts within ten (10) Work Days. CITY 11 shall not be liable for interest on any delayed or late payment.
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Payment of Withheld Amounts. In the event that the Company determines in good faith that any amounts that have been withheld by the Company pursuant to paragraph (a)(ii) above are no longer required to be withheld, the Company shall promptly distribute such amounts, including to the Wafra Participation Entity in accordance with Section 2(a) (Revenue Share; Payment) above.
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Payment of Withheld Amounts. Upon CONTRACTOR’s remedy of the 2 grounds for withholding payment and demonstration of the remedy to the reasonable 3 satisfaction of the City Representative, CITY shall pay all withheld amounts within ten
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Payment of Withheld Amounts. Subject to Section 6.4.1, if and when the cause or causes for withholding any payment shall be remedied or removed by Contractor and reasonably satisfactory evidence of such remedy or removal has been presented to Owner, the amount withheld (other than with respect to monies due or owing by Contractor to Owner) shall be paid to Contractor at the due date for payment of the next Invoice to become due. If Contractor fails or refuses to remedy or remove any cause for withholding such payment for [***] Days after Owner notified Contractor that it intended to withhold such payment, Owner may remedy or remove the same, or cause the same to be remedied or removed, and may recover from Contractor the costs incurred by Owner to remedy or remove the same, or may deduct the cost thereof from any amounts due or owing to, or that may become due or owing to, Contractor; provided, however, that if Owner withholds amounts due to a Contractor Event of Default, Contractor shall have the same amount of time to attempt to remedy or cure such Contractor Event of Default as Contractor would have with respect to such default pursuant to Section 19.3.1.
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Payment of Withheld Amounts. In the event of any withholding as provided above, Owner shall promptly deliver to Contractor, a Notice in accordance with Section 6.11.1 specifying the determination and valuation of any uncompleted Work or the EXECUTION COPY details of its reasoning if Sections 6.6.1(b) or (c) apply. Contractor may include amounts withheld pursuant to Section 6.6.1 on subsequent Contractor’s Invoices when and to the extent the uncompleted Work has been completed, the relevant overpayment of monies has been refunded to Owner by Contractor, the outstanding liquidated damages have been paid by Contractor to Owner, or the circumstances leading to such withholding no longer apply, as applicable.
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Payment of Withheld Amounts. After the Consultant has completed all work required under this Agreement, the City’s Project Manager will send the Consultant a Letter of Completion. Upon receipt of this Letter, the Consultant shall submit a statement/invoice to the Department for the total amount of all remaining moneys due to the Consultant.
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Payment of Withheld Amounts. 13 Upon CONTRACTOR’s remedy of the grounds for withholding payment and 15 CITY shall pay all withheld amounts within ten (10) Work Days. CITY shall not be liable 16 for interest on any delayed or late payment.
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Payment of Withheld Amounts. The final payment made by the Tribes will include all amounts previously withheld excluding amounts retained for cause under Section 3.3.3.
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Related to Payment of Withheld Amounts

  • Payment of Withholding Taxes The following provision supplements the section of the Agreement titled “Payment of Withholding Taxes”: Without limitation to the section of the Agreement titled ‘Payment of Withholding Taxes’, Participant agrees that Participant is liable for all income tax and employee national insurance contributions or other social contributions or withholding taxes (“Tax-Related Items”) and hereby covenants to pay all such Tax-Related Items, as and when requested by the Corporation, the Employer or by Her Majesty’s Revenue and Customs (“HMRC”) (or any other tax authority or any other relevant authority). Participant also agrees to indemnify and keep indemnified the Corporation and the Employer against any Tax-Related Items that they are required to pay or withhold or have paid or will pay on Participant’s behalf to HMRC (or any other tax authority or any other relevant authority). Notwithstanding the foregoing, if Participant is a director or executive officer (as within the meaning of Section 13(k) of the U.S. Securities Exchange Act of 1934, as amended), the terms of the immediately foregoing provision will not apply. In the event that Participant is a director or executive officer and income tax due is not collected from or paid by Participant within 90 days after the U.K. tax year in which an event giving rise to the indemnification described above occurs, the amount of any uncollected tax may constitute a benefit to Participant on which additional income tax and national insurance contributions may be payable. Participant acknowledges that Participant ultimately will be responsible for reporting and paying any income tax due on this additional benefit directly to HMRC under the self-assessment regime and for reimbursing the Corporation or the Employer (as applicable) for the value of any employee national insurance contributions due on this additional benefit, which the Corporation and/or the Employer may recover from Participant at any time thereafter by any of the means referred to in section of the Agreement titled “Payment of Withholding Taxes”.

  • Payment of Withholding Tax Any required Withholding Tax may be paid in cash or with Common Stock in accordance with Sections 8.3.1 and 8.3.2.

  • Payment of Amounts The Death Benefit payable on the death of the Owner, or after the death of the first Owner, or upon the death of the spouse who continues the Contract, will be distributed to the designated Beneficiary(s) as follows:

  • Payments Free of Withholding Except as otherwise required by law and subject to Section 13.1(b) hereof, each payment by the Borrower and the Guarantors under this Agreement or the other Loan Documents shall be made without withholding for or on account of any present or future taxes (other than overall net income taxes on the recipient) imposed by or within the jurisdiction in which the Borrower or such Guarantor is domiciled, any jurisdiction from which the Borrower or such Guarantor makes any payment, or (in each case) any political subdivision or taxing authority thereof or therein. If any such withholding is so required, the Borrower or such Guarantor shall make the withholding, pay the amount withheld to the appropriate governmental authority before penalties attach thereto or interest accrues thereon, and forthwith pay such additional amount as may be necessary to ensure that the net amount actually received by each Lender and the Administrative Agent free and clear of such taxes (including such taxes on such additional amount) is equal to the amount which that Lender or the Administrative Agent (as the case may be) would have received had such withholding not been made. If the Administrative Agent or any Lender pays any amount in respect of any such taxes, penalties or interest, the Borrower or such Guarantor shall reimburse the Administrative Agent or such Lender for that payment on demand in the currency in which such payment was made. If the Borrower or such Guarantor pays any such taxes, penalties or interest, it shall deliver official tax receipts evidencing that payment or certified copies thereof to the Lender or Administrative Agent on whose account such withholding was made (with a copy to the Administrative Agent if not the recipient of the original) on or before the thirtieth day after payment.

  • Sharing of Reimbursement Obligation Payments Whenever the Agent receives a payment from the Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement Date.