Payments of Amounts Owed Clause Samples

The "Payments of Amounts Owed" clause establishes the obligation for one party to pay any outstanding sums due under the agreement. Typically, this clause outlines when payments must be made, acceptable methods of payment, and may specify interest or penalties for late payments. Its core function is to ensure that financial obligations are clearly defined and enforceable, reducing the risk of disputes over unpaid amounts and promoting timely settlement of debts.
Payments of Amounts Owed. The Company’s obligations to pay any amounts owing under the Transaction Documents is a continuing obligation of the Company and shall not terminate until all unpaid amounts have been paid notwithstanding the fact that the instrument or security pursuant to which such amounts are due and payable shall have been canceled.
View SourceView Similar (9)
Payments of Amounts Owed. 1. If CMS owes the ACO Shared Savings or Other Monies Owed as a result of a final settlement report, or revised settlement report upon reopening, CMS shall pay the ACO in full on or about 30 Days after the date on which the relevant settlement report is deemed final, except that CMS shall not make any payment of Shared Savings if the Agreement or Agreement Performance Period is terminated by CMS pursuant to Section 17.02, and CMS may reduce amounts owed to the ACO under the Agreement by amounts owed by the ACO under the Agreement or any other CMS program or initiative. 2. If the ACO owes CMS Shared Losses or Other Monies Owed as a result of a final settlement report, or revised settlement report upon reopening, CMS shall issue a demand letter to the ACO and the ACO shall pay CMS in full within 30 Days of the date of a demand letter. 3. If CMS does not timely receive payment in full, the remaining amount owed will be considered a delinquent debt subject to the provisions of Section 12.06.
View SourceView Similar (5)
Payments of Amounts Owed. 1. If CMS owes the ACO Shared Savings or Other Monies Owed as a result of a final settlement report, or revised settlement report upon reopening, CMS shall pay the ACO in full within 30 Days after the date on which the relevant settlement report is deemed final, except that CMS shall not make any payment of Shared Savings if the Agreement or Agreement Performance Period is terminated by CMS pursuant to Section 17.02, and CMS may reduce amounts owed to the ACO under the Agreement by amounts owed by the ACO under the Agreement or any other CMS program or initiative. 2. If the ACO owes CMS Shared Losses or Other Monies Owed as a result of a final settlement report, or revised settlement report upon reopening, the ACO shall pay CMS in full within 30 Days after the relevant settlement report is deemed final, unless the settlement report is deemed final on or after January 1, 2023, in which case the ACO shall pay CMS in full within 30 Days after the date of a demand letter. 3. If CMS does not timely receive payment in full, the remaining amount owed will be considered a delinquent debt subject to the provisions of Section 12.06.
View SourceView Similar (4)
Payments of Amounts Owed. If CMS owes the DCE Shared Savings or Other Monies Owed as a result of a final settlement report, or revised settlement report upon reopening, CMS shall pay the DCE in full within 30 Days after the date on which the relevant settlement report is deemed final, except that CMS shall not make any payment of Shared Savings if the Agreement or Agreement Performance Period is terminated by CMS pursuant to Section 17.02, and CMS may reduce amounts owed to the DCE under the Agreement by amounts owed by the DCE under the Agreement or any other CMS program or initiative.
View SourceView Similar (2)
Payments of Amounts Owed. Any amounts for which the Company is responsible under this Section shall be deducted from the unpaid balance of the Design-Build Price; and the Company shall pay to the City upon demand any amount owing under this Section which exceeds the unpaid balance of the Design-Build Price.
View Source

Related to Payments of Amounts Owed

  • 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 Over (a) So long as the Discharge of First Lien Debt has not occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against any Grantor, Second Lien Agent agrees, for itself and on behalf of the other Second Lien Secured Parties, that any Collateral or proceeds thereof or payment with respect thereto received by Second Lien Agent or any other Second Lien Secured Party (including any right of set-off) with respect to the Collateral, and including in connection with any insurance policy claim or any condemnation award (or deed in lieu of condemnation), shall be segregated and held in trust and promptly transferred or paid over to First Lien Agent for the benefit of the First Lien Secured Parties in the same form as received, with any necessary endorsements or assignments or as a court of competent jurisdiction may otherwise direct. First Lien Agent is hereby authorized to make any such endorsements or assignments as agent for Second Lien Agent. This authorization is coupled with an interest and is irrevocable. The Second Lien Agent shall have no obligation to segregate, hold in trust, and transfer or pay over any proceeds of Collateral or payments if, with respect to any applicable payment, (i) other than with respect to Second Lien Agent Payments, the Second Lien Agent shall have received the compliance certificate(s) required to be delivered to Second Lien Agent pursuant to clause (b) of the definition of “Permitted Second Lien Payments” or pursuant to the definition of “Second Lien Interest Payment Conditions”, as applicable, and such compliance certificate(s) certify as to the satisfaction of the conditions set forth in such definitions, and (ii) the Second Lien Agent did not otherwise have actual knowledge of the applicable payment being in contravention of this Agreement and had paid out, applied or retained the applicable payment amount in accordance with the Second Lien Documents prior to acquiring such knowledge. (b) So long as the Discharge of First Lien Debt has occurred and the Discharge of Second Lien Debt has not occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against any Grantor, any Collateral or proceeds thereof or any payment with respect thereto, including in connection with any insurance policy claim or any condemnation award (or deed in lieu of condemnation) shall be applied, to the extent required under the Second Lien Documents, to the Second Lien Debt in accordance with the Second Lien Documents.

  • ▇▇▇▇▇▇▇▇▇ Payments The Company shall pay Executive cash benefits equal to: (1) two times Executive's Base Salary in effect on the date of the Change of Control or the Termination Date, whichever is higher; provided that if any reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect immediately prior to such reduction, payable in regular installments at such times as would otherwise be the Company's usual payroll practice over a period of two years; and (2) the higher of: (A) two times Executive's Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times Executive's most recent actual annual bonus, payable in either case ratably in regular installments at the same time as payments are made to Executive under Section 3(a)(1) above; provided that if any reduction of the Target Bonus has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reduction; and (3) Executive's Target Bonus (as determined in (2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company in the Company fiscal year in which the Termination Date occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty days after the Termination Date; and (4) in the case of a termination of employment by Executive for Good Reason, an amount equal to the severance pay specified in Article 6.A. 1. of the attached Presidents' Council Agreement (as defined in Section 8 hereof), payable according to the schedule set forth therein, determined as if Executive's employment had been terminated by ARAMARK without Cause on the Termination Date.

  • Payment Amounts The aggregate Payments to be made in a fiscal year shall not exceed an amount equal to the corresponding Appropriated Amount (for example, for the Payments due on December 1, 2026 and on June 1, 2027, the aggregate maximum amount of such Payments would be determined by the Appropriated Amount determined for certification by December 1, 2025). Furthermore, the amount of each such Payment shall not exceed the Annual Percentage of Incremental Property Tax Revenues (excluding allocations of “back-fill” or “make-up” payments from the State of Iowa for property tax credits or roll-back) actually received by the City from the Marshall County Treasurer attributable to the taxable incremental valuation of the Property in the six (6) months immediately preceding such Payment due date.

  • 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.