Payments in the event of a dispute Sample Clauses

The "Payments in the event of a dispute" clause defines how and when payments should be made if a disagreement arises between the parties. Typically, this clause outlines whether payments are to be suspended, partially paid, or continue as normal while the dispute is being resolved, and may specify procedures for holding disputed amounts in escrow or paying undisputed portions. Its core function is to prevent financial deadlock during disputes, ensuring that non-contentious payments are not delayed and that both parties have clear guidance on their financial obligations while the dispute is ongoing.
Payments in the event of a dispute. Where any amount under paragraph 13.1 is in dispute: (a) the undisputed amount shall be paid in accordance with paragraph 13.1; (b) the disputed amount shall be paid within 28 days after the dispute is resolved or determined to the extent that the amount in dispute is adjudged or resolved to be payable; and (c) the disputed amount shall carry interest (incurred daily and compounded monthly) at the Default Interest Rate from the date on which such amount would but for such dispute have been due to be paid until the date of payment.
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Payments in the event of a dispute. Where any amount under paragraphs 8.1 or 8.2 is in dispute: (a) where an invoice has already been issued, a credit note shall be issued in respect of the full amount of such invoice; (b) an invoice (or revised invoice, as the case may be) shall be issued in respect of the undisputed amount and the undisputed amount shall be paid in accordance with paragraphs 8.1 or 8.2 as the case may be; (c) an invoice in respect of the disputed amount shall be issued promptly after the dispute is resolved or determined (to the extent that the amount in dispute is adjudged or resolved to be payable) and shall be paid within 20 Working Days of the date of the invoice; and (d) the disputed amount shall carry interest (incurred daily and compounded monthly) at the Default Interest Rate from the date on which such amount would but for such dispute have been due to be paid until the date of payment.
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Payments in the event of a dispute. Where any amount under paragraph 5.1 or 5.2 is in dispute: (a) the undisputed amount shall be paid in accordance with paragraph 5.1 or 5.2 as the case may be; (b) the disputed amount shall be paid within 28 days after the dispute is resolved or determined to the extent that the amount in dispute is adjudged or resolved to be payable; and (c) the disputed amount shall carry interest (incurred daily and compounded monthly) at the Default Interest Rate from the date at which such amount would but for such dispute have been due to be paid.
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Related to Payments in the event of a dispute

  • Payment in the Event Losses Fail to Reach Expected Level On the date that is 45 days following the last day (such day, the “True-Up Measurement Date”) of the calendar month in which the tenth anniversary of the calendar day following the Bank Closing occurs, the Assuming Bank shall pay to the Receiver fifty percent (50%) of the excess, if any, of (i) twenty percent (20%) of the Stated Threshold less (ii) the sum of (A) twenty-five percent (25%) of the asset premium (discount) plus (B) twenty-five percent (25%) of the Cumulative Shared-Loss Payments plus (C) the Cumulative Servicing Amount. The Assuming Bank shall deliver to the Receiver not later than 30 days following the True-Up Measurement Date, a schedule, signed by an officer of the Assuming Bank, setting forth in reasonable detail the calculation of the Cumulative Shared-Loss Payments and the Cumulative Servicing Amount.

  • Remedies Not Involving Termination The State, in its sole discretion, may exercise one or more of the following remedies in addition to other remedies available to it:

  • CONTRIBUTION IN THE EVENT OF JOINT LIABILITY (a) To the fullest extent permissible under applicable law, if the indemnification, hold harmless and/or exoneration rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying, holding harmless or exonerating Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time against Indemnitee. (b) The Company shall not enter into any settlement of any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding) unless such settlement provides for a full and final release of all claims asserted against Indemnitee. (c) The Company hereby agrees to fully indemnify, hold harmless and exonerate Indemnitee from any claims for contribution which may be brought by officers, directors or employees of the Company other than Indemnitee who may be jointly liable with Indemnitee.

  • Early Termination in the Public Interest The State is entering into this Contract to serve the public interest of the State of Colorado as determined by its Governor, General Assembly, or Courts. If this Contract ceases to further the public interest of the State, the State, in its discretion, may terminate this Contract in whole or in part. This subsection shall not apply to a termination of this Contract by the State for breach by Contractor, which shall be governed by §15.A.i.