Unconditional Payments Sample Clauses
The Unconditional Payments clause requires that payments be made without any conditions, offsets, or deductions, regardless of disputes or other issues that may arise between the parties. In practice, this means that the paying party must fulfill its payment obligations on time and in full, even if there are unresolved claims, performance concerns, or disagreements about other aspects of the contract. This clause ensures a steady cash flow and reduces the risk of payment delays, thereby providing financial certainty and minimizing disputes over withheld payments.
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Unconditional Payments. All payments of principal, interest, fees and other amounts to be made by the Borrower pursuant to this Agreement shall be made unconditionally and without set-off, defence, counterclaim or other reduction of any type, in the currency in which the Loan is outstanding for value on the day such amount is due, and if such day is not a Banking Day on the Banking Day next following, by deposit or transfer thereof to the Agent’s Accounts or at such other place as the Borrower and the Agent may from time to time agree. Notwithstanding anything to the contrary expressed or implied in this Agreement, the receipt by the Agent in accordance with this Agreement of any payment made by the Borrower for the account of any of the Lenders shall, insofar as the Borrower’s obligations to the relevant Lenders are concerned, be deemed also to be receipt by such Lenders and the Borrower shall have no liability in respect of any failure or delay on the part of the Agent in disbursing and/or accounting to the relevant Lenders in regard thereto.
Unconditional Payments. Your total unconditional compensation, payments and benefits from the Company shall be as follows:
(a) You will receive your final pay through the Termination Date, less applicable statutory deductions and authorized withholdings.
(b) You will be paid for all accrued but unused paid time off as of the Termination Date, less applicable statutory deductions and authorized withholdings.
(c) You will receive, under separate cover, information about your rights to elect medical and dental insurance continuation coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”). Nothing in this Agreement and Release is intended to impair any of the rights described in this paragraph 1, to which you are unconditionally entitled.
Unconditional Payments. The liability of the Borrower to make payments or to discharge any other debts under this Agreement is in no way conditional upon performance of any contract by any other party and it shall not be affected in any way by reason of any claim, which the Borrower might have or might consider that it has against any other party or the Lender by way of setoff or counterclaim or otherwise.
Unconditional Payments a. On the Company’s next regularly scheduled payday, the Company shall provide the Executive with a payment, at the Executive’s regular base salary rate, for the time the Executive worked during the Company’s most recent pay period through and including September 5, 2021, less applicable statutory deductions and authorized withholdings (the “Final Salary Payment”).
b. The Company will send the Executive, under separate cover, information about his rights to elect medical, dental and vision insurance continuation coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), if the Executive has such rights. Nothing in this Separation Agreement is intended to impair any of the Executive’s rights described in this Section 2. In addition, and provided that the Executive agrees to and accepts the terms of this Separation Agreement and does not revoke his acceptance pursuant to Section 14 below:
Unconditional Payments a. No later than the earlier of the Company’s next regularly scheduled payday following the Separation Date or the date coming two weeks after the Separation Date, the Company will provide the Executive with a payment, at the Executive’s regular base salary rate as of the Separation Date, for the time the Executive worked prior to the Separation Date during the Company’s regular pay period containing the Separation Date, less applicable statutory deductions, and authorized withholdings (e.g., for income tax and FICA) (the “Final Salary Payment”).
b. The Final Salary Payment will include an amount for the Executive’s accrued but unused vacation time, if any, as of the Separation Date.
c. The Company will pay Executive all his earned, accrued, and unpaid benefits as of the Separation Date, if any, under the Company’s employee benefit plans, including any such benefits under the Company’s pension, disability, and life insurance plans, policies, and programs. Payment for such benefits, if any, will be made according to the terms of the applicable employee benefit plan or, if an earlier date is required by applicable law, than by that earlier date.
d. Executive will retain eighty-seven thousand five hundred (87,500) shares of class B common stock that have already vested as of the date of this Agreement (the “Issued Shares”) under that certain restricted stock grant agreement between the Executive and the Company dated April 30, 2024.
e. The Company will send the Executive, under separate cover, information about his rights to elect medical, dental and vision insurance continuation coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), if the Executive has such rights. Nothing in this Agreement is intended to impair any of the Executive’s rights described in this Section 2. In addition, and provided that the Executive agrees to and accepts the terms of this Separation Agreement and does not revoke his acceptance pursuant to Section 15 below:
Unconditional Payments a. For the time the Executive works for the Company from the Effective Date to the Separation Date, the Company shall pay the Executive at his current base salary rate, less applicable statutory deductions and authorized withholdings (e.g., for income tax and FICA), on the Company’s regularly schedule payday(s) applicable to that time period (the “Final Salary Payment”).
b. The Company will send the Executive, under separate cover, information about his rights to elect medical, dental and vision insurance continuation coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), if the Executive has such rights.
c. The Executive recognizes and agrees that he is not entitled to payment for any paid time off, if any, that he has accrued with the Company but not used as of the Separation Date. Nothing in this Separation Agreement is intended to impair any of the Executive’s rights described in this Section 2. In addition, and provided that the Executive agrees to and accepts the terms of this Separation Agreement:
Unconditional Payments. 5.1 In consideration for iPulse development services already provided by OZ to Ericsson up to the date hereof, which Ericsson has received and accepted, Ericsson agrees to pay OZ a final payment of US $6,000,000 on times as set forth below: - Already received by OZ $ 350,000 - On January 30, 2002 $ 2,000,000 - On February 28, 2002 $ 2,000,000 - On March 30, 2002 $ 1,650,000
5.2 The Parties agree that these payments and the services already rendered shall constitute the complete and final settlement of any claims or obligations between them and that would relate to any services performed under the agreements set forth in Section 3.
5.3 No royalties shall be payable by either Party to the other related to the sale or licensing of iPulse(TM) Software.
Unconditional Payments. The payment obligations of the Company hereunder are absolute and unconditional, and shall not be affected, excused or delayed for any reason whatsoever including, but not limited to: (a) negligence, failure or omission by the City, the County or any of their respective employees or representatives; (b) any default or other failure of the applicable contractor to complete construction of the Water Treatment Plant in a timely manner or in accordance with the requirements of the applicable construction contract or applicable laws, rules, regulations, licenses or permits; (c) any default or other failure of the Company to make any payments or take any actions required by this Agreement; or (d) the amount of water capable of being treated by the Water Treatment Plant.
Unconditional Payments a. On the Company’s next regularly scheduled payday, the Company shall provide the Executive with a payment, at the Executive’s regular base salary rate, for the time the Executive worked during the Company’s most recent pay period through and including August 30, 2021, less applicable statutory deductions and authorized withholdings (the “Final Salary Payment”).
b. The Final Salary Payment will also include a payment for the Executive’s unused accrued paid time off (if it is the Company’s regular practice to provide departing employees with reimbursement for unused accrued paid time-off).
c. The Company will send the Executive, under separate cover, information about his rights to elect medical, dental and vision insurance continuation coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), if the Executive has such rights. Nothing in this Agreement is intended to impair any of the Executive’s rights described in this Section 2. In addition, and provided that the Executive agrees to and accepts the terms of this Separation Agreement and does not revoke his acceptance pursuant to Section 14 below:
Unconditional Payments. The payment obligations of MNSP and Generation II hereunder are absolute and unconditional, and shall not be affected, excused or delayed for any reason whatsoever including, but not limited to: (a) negligence, failure or omission by the City, the County or any of their respective employees or representatives; (b) any default or other failure of the applicable contractor to complete construction of the Well Facilities and the Trunk Pipeline in a timely manner or in accordance with the requirements of the applicable construction contract or applicable laws, rules, regulations, licenses or permits; (c) any default or other failure of MNSP or Generation II to make any payments or take any actions required by this Agreement; or (d) the amount of water capable of being supplied by the Well Property and Well Facilities.