SUM OWING Clause Samples

The "Sum Owing" clause defines the total amount of money that is currently due and payable by one party to another under the terms of an agreement. This clause typically specifies what constitutes the sum owing, such as principal, interest, fees, or other charges, and may outline how and when these amounts are calculated or become due. By clearly identifying the total financial obligation at any given time, the clause ensures both parties have a mutual understanding of outstanding debts, thereby reducing disputes and facilitating timely payments.
SUM OWING. 2.1. Kora will send an invoice or statement in respect of the Account to the Customer weekly or fortnightly or monthly or as otherwise agreed. 2.2. The invoice or statement will show the Sum Owing to Kora at the time of issue, how that Sum Owing is calculated, and the Due Date for payment of the Sum Owing to Kora. 2.3. The Customer shall pay the Sum Owing to Kora: a) in full without any deductions, whether by way of set off, counter claim, or any other equitable legal claim; b) by automatic bank direct debit initiated by Kora, or by automated credit/debit card process initiated by ▇▇▇▇. 2.4. If account includes Prepayment top up payments to be made by direct credit then reference Account and Sum Owing should never be greater than zero at end of invoicing cycle.
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SUM OWING. 2.1 The Company will send an invoice or statement in respect of the Account to the Customer twice per month, or as otherwise agreed. 2.2 The invoice or statement will show the Sum Owing to the Company at the time of issue, how that Sum Owing is calculated including without limitation GST, levies or any other taxes that may be payable in respect of the Product, any further fees as provided for in Clause 10 and the Due Date for payment of the Sum Owing to the Company. 2.3 The Customer shall pay the Sum Owing to the Company: a. in full without any deductions, whether by way of set off, counter claim, or any other equitable legal claim; b. by automatic bank direct debit initiated by the Company.
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SUM OWING. 2.1 TBG will send an invoice or statement in respect of the Account to the Customer twice per month, or as otherwise agreed. 2.2 The invoice or statement will show the Sum Owing to TBG at the time of issue, how that Sum Owing is calculated, and the Due Date for payment of the Sum Owing to TBG. 2.3 The Customer shall pay the Sum Owing to TBG: a. in full without any deductions, whether by way of set off, counter claim, or any other equitable legal claim; b. by automatic bank direct debit initiated by TBG.
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SUM OWING. 2.1 TBG/NZF will send an invoice or statement in respect of the Account to the Customer twice per month, or as otherwise agreed. 2.2 The invoice or statement will show the Sum Owing to TBG/NZF at the time of issue, how that Sum Owing is calculated, and the Due Date for payment of the Sum Owing to TBG/NZF. 2.3 The Customer shall pay the Sum Owing to TBG/NZF: a. in full without any deductions, whether by way of set off, counter claim, or any other equitable legal claim; b. by automatic bank direct debit initiated by TBG/NZF.
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Related to SUM OWING

  • Amount Owing If an indemnifying Interconnection Party is obligated to indemnify and hold any Indemnified Person harmless under this Section 14, the amount owing to the Indemnified Person shall be the amount of such Indemnified Person’s actual Loss, net of any insurance or other recovery.

  • Amounts Owed After the Termination Date, the Advisor shall be entitled to receive from the Company or the Operating Partnership within thirty (30) days after the effective date of such termination all amounts then accrued and owing to the Advisor, including all its interest in the Company’s income, losses, distributions and capital by payment of an amount equal to the then-present fair market value of the Advisor’s interest, subject to the 2%/25% Guidelines to the extent applicable.

  • Currency Equivalent Except as otherwise provided in this Indenture, for purposes of the construction of the terms of this Indenture or of the Securities, in the event that any amount is stated herein in the Currency of one nation (the “First Currency”), as of any date such amount shall also be deemed to represent the amount in the Currency of any other relevant nation (the “Other Currency”) which is required to purchase such amount in the First Currency at the Bank of Canada noon rate as reported by Telerate on screen 3194 (or such other means of reporting the Bank of Canada noon rate as may be agreed upon by each of the parties to this Indenture) on the date of determination.

  • Currency Equivalents (a) The Administrative Agent shall determine the Dollar Amount of each Revolving Credit Loan denominated in an Alternative Currency and L/C Obligation in respect of Letters of Credit denominated in an Alternative Currency (i) as of the first day of each Interest Period applicable thereto and (ii) as of the end of each fiscal quarter of the Parent Borrower, and shall promptly notify the Borrowers and the Lenders of each Dollar Amount so determined by it. Each such determination shall be based on the Exchange Rate (x) on the date of the related Borrowing request for purposes of the initial such determination for any Revolving Credit Loan and (y) on the fourth Business Day prior to the date as of which such Dollar Amount is to be determined, for purposes of any subsequent determination. (b) If after giving effect to any such determination of a Dollar Amount, the sum of the aggregate Outstanding Amount of the Revolving Credit Loans denominated in Alternative Currencies and the L/C Obligations denominated in Alternative Currencies under the Multicurrency Tranche exceeds the aggregate amount of Multicurrency Revolving Credit Commitments then in effect by 5.0% or more, the Borrowers shall, within five Business Days of receipt of notice thereof from the Administrative Agent setting forth such calculation in reasonable detail, prepay the applicable outstanding Dollar Amount of the Revolving Credit Loans denominated in Alternative Currencies under the Multicurrency Tranche or take other action as the Administrative Agent, in its discretion, may direct (including Cash Collateralization of the applicable L/C Obligations in amounts from time to time equal to such excess) to the extent necessary to eliminate any such excess.

  • Sums deemed due to a Lender For the purposes of this Clause 21, a sum payable by the Borrower to the Agent or the Security Trustee for distribution to a Lender shall be treated as a sum due to that Lender.