Third Party Contribution Sample Clauses
The Third Party Contribution clause defines how contributions or liabilities from parties not directly involved in the contract are handled. Typically, this clause outlines the process by which a party may seek to recover losses or damages from a third party, or how third-party payments or settlements affect the obligations between the contracting parties. For example, if a third party is partially responsible for a loss, this clause may allow the affected party to pursue compensation from that third party or adjust the liability accordingly. Its core function is to allocate risk and responsibility fairly when external parties are involved, ensuring that the contract accounts for potential third-party involvement in disputes or claims.
Third Party Contribution. (Contribution) £…………… 7. Commencement Date: ……/……/…… (Commencement Where: • the Company has agreed to accommodate and provide care for the Named Person at the Care Home; • the Named Person is unable to afford Towerview Care List Price from his/her own resources; and • the local Social Services Authority is unwilling to fund the full amount of the difference between the Towerview Care List Price and the Named Person’s assessed contribution, the Third Party has agreed to pay a Contribution towards the Towerview Care List Price of the Named Person’s accommodation and care from the Commencement Date stated above. Unless otherwise agreed, the Contribution will be paid 4-weekly in advance by Direct Debit to a bank account nominated by the Company from time to time. Where, in accordance with section 5 of the Private Funders Terms and Conditions, there is an increase in the Towerview Care List Price at any time, the Contribution will be increased automatically after 4-weeks written notice by the same percentage. If at any time the local Social Services Authority agrees to increase their payments so that the combined payments are in excess of the Towerview Care List Price, the Third Party Contribution will be reduced so that only the Towerview Care List Price is paid. This Agreement will begin on the Commencement Date and shall continue, unless terminated earlier in accordance with the terms of this Agreement, the residence ceases earlier (for whatever reason) or the Towerview Care List Price is covered from other sources, until the second anniversary of the Commencement Date when it shall terminate automatically unless the parties agree otherwise. Either party may terminate this Agreement at any time by giving not less than three months’ written notice to the other party. You may cancel this contract at any time during the first 14 days from the Commencement Date but shall remain liable for any services already provided to the Named Person.
Third Party Contribution. Should You wish to submit work that is not Your original creation, You may submit it to the Project separately from any Contribution, identifying the complete details of its source and of any license or other restriction (including, but not limited to, related patents, trademarks, and license agreements) of which you are personally aware, and conspicuously marking the work as "Submitted on behalf of a third-party: [named here]".
Third Party Contribution. If a Service user requests it, the Council must arrange for care in accommodation more expensive than its Baseline Fee. A third party or, in certain circumstances, the Service user, must be willing and able to pay (to ‘top up’) the difference between the Baseline Fee and the Core Fee. In no other circumstances may a Service user or a third party be asked to contribute additional funds towards the Service. Where a Third Party has offered to pay a ‘top up’ contribution, the Council must be advised, so that the Council can assure themselves that the third party has the resources to continue to make the required ‘top-up’ payments. The Council will write to the Third Party outlining their responsibilities in this respect. This shall be applicable until such time as the Service user dies or is permanently accommodated elsewhere, or the contract is otherwise validly terminated. In the event of the Third Party ceasing to make payment in accordance with the agreement, the Provider must make reasonable attempts to recover the debt. If the Council at its sole discretion is satisfied that these steps have been taken, then this agreement may be terminated by the provision of one weeks’ notice to all parties.
Third Party Contribution. The Third Party agrees to pay to the Provider a contribution, which shall be the amount recorded in this Agreement at 6.c above.
Third Party Contribution. The amount of any and all Claims for which indemnification is provided pursuant to this Agreement shall be reduced by any amounts actually received by the Claimant under insurance policies in effect relating to such Claims. In the event that any claim for indemnification asserted under this Agreement is, or may be, the subject of insurance coverage of Buyer or any Company or other right to indemnification or contribution from any third party (a “Third Party Contributor”), each of the Claimant and Indemnitor shall promptly notify the applicable insurance carrier of such claim and shall also promptly notify any potential Third Party Contributor. Claimant and Indemnitor shall pursue, at the sole cost and expense of the Indemnitor, such claims diligently and shall reasonably cooperate, at the sole cost and expense of the Indemnitor, with each such insurance carrier and Third Party Contributor.
Third Party Contribution. Confirmation that (i) the Third Party Contribution has closed on the terms as set forth in the definition thereof, (ii) the proceeds of the Third Party Contribution have been received by the Borrower and (iii) $6,000,000 of the proceeds thereof are being used by the Borrower to make the principal payment required under SECTION 4(b) hereof and (iv)
(1) an amendment (subject to adoption by the Board of Directors of the Borrower) of SECTION 7 of Article Third of the Company's Restated Certificate of Incorporation which provides that such SECTION 7 is subject to the restrictions and prohibitions set forth in the Credit Agreement, INTER ALIA, against the payment of dividends on and redemption of the Cumulative Preferred Stock and (2) the Borrower and the Third Party Contributor have entered into an agreement pursuant to which the Third Party Contributor for itself and its successors and assigns acknowledges that such SECTION 7 is subject to the restrictions and prohibitions set forth in the Credit Agreement, INTER ALIA, against the payment of dividends on and redemption of the Cumulative Preferred Stock and agrees not to sell the Cumulative Preferred Stock until such amendment has been approved.
Third Party Contribution. Where a referral or placement is made on the basis that a Third Party Contribution is payable, such Third Party Contribution shall not exceed the difference between the Expected Cost and the Provider’s Price and shall be the subject of an agreement between the Purchaser, the Provider and the Third Party or Eligible Resident concerned. A copy of the agreement shall be provided to the Provider in the form attached at Schedule 9.