Common use of Settling Accounts Clause in Contracts

Settling Accounts. A. Neither party shall be required to make advanced payments of any fees or charges except by prior written agreement. All fees or charges remaining due to either party shall be paid in full by the second Sunday following the convention except as provided otherwise herein. B. AANR Midwest agrees to pay to the host club the sum of $2,000.00 upon successful completion of the AANR Midwest conference, and for services outlined in the Host Club Conference Application. The Host Club agrees to pay AANR Midwest any and all registration fees collected. The Host Club recognizes the right of AANR Midwest to withhold any or all payments of said sums pending the resolution of any dispute for a breach of any of the terms and conditions contained in this contract. The Host Club and AANR Midwest hereby agree that the Host Club shall have no recourse against AANR Midwest, nor shall AANR Midwest have any liability for sums to paid to the Host Club during any reasonable period of withholding of the funds pending the resolution of any disagreement. The Host Club further agrees that AANR Midwest shall not be liable for any additional damages arising out of the non-payment of these sums including, but not limited to, compensatory, incidental, consequential, punitive damages and other costs or attorney fees.

Appears in 2 contracts

Sources: Conference Contract, Conference Contract