Contract obligation definition

Contract obligation means the net amount, whether paid or unpaid, that a vegetable contractor owes a vegetable producer or producer agent under a vegetable procurement contract. “Con- tract obligation” includes a net amount owed for unharvested acreage.
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Contract obligation shall refer to all the obligations of Pledgor under the Exclusive Option Agreement, the Power of Attorney, the Loan Agreement and this Agreement; all the obligations of Party C under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement and this Agreement.
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Examples of Contract obligation in a sentence

  • Neither Party shall be liable to the other for any delay in, or failure of performance, of any Contract obligation caused by force majeure.

  • At Seller’s option, any Contract obligation may be performed by Seller or any of its affiliates.

  • References to $ will be references to United States Dollars, and with respect to any Contract, obligation, liability, claim or document that is contemplated by this Agreement but denominated in currency other than United States Dollars, the amounts described in such Contract, obligation, liability, claim or document will be deemed to be converted into United States Dollars for purposes of this Agreement as of the applicable date of determination.

  • The costs, expenses, losses, damages and liabilities suffered or incurred by the Commonwealth in so carrying out such a Contract obligation will be a debt due from the Contractor to the Commonwealth.

  • Only such rights and obligations of contracting parties shall remain in force which are stipulated by law or which shall remain in force as is stipulated in this Contract (obligation to pay charges for the sub-lease for the time of the duration of the sub-lease, the lump sum, the right to the compensation for withdrawal, the right to a contractual penalty, etc.).

  • Collection of data Contracting Body Data processor Contracting Body Purpose To assess the number of repairs that were capable of being fixed at the first visit to a property that required repairs to be undertaken during the measurement period and were completed in a single visit by the Contractor.

  • If the Student withdraws from the University and then re-enrolls during the Contract term, the Contract obligation will be reinstated.

  • The costs, expenses, losses, damages and liabilities suffered or incurred by the Commonwealth in so performing such a Contract obligation will be a debt due from the Contractor to the Commonwealth.

  • RE will be entitled to retain or collect 100% of the Exhibitor’s total Contract obligation if the Exhibitor cancels or reduces the size of their Exhibition Stand.

  • The Commonwealth may, either itself or by a third party, perform a Contract obligation which the Contractor was obliged to perform but which it failed to perform.

Related to Contract obligation

  • Secured Bank Product Obligations Debt, obligations and other liabilities with respect to Bank Products owing by an Obligor to a Secured Bank Product Provider; provided, that Secured Bank Product Obligations of an Obligor shall not include its Excluded Swap Obligations.

  • Bank Product Obligations means all obligations, liabilities, contingent reimbursement obligations, fees, and expenses owing by a Company to Agent or any Lender (or an affiliate of a Lender) pursuant to or evidenced by the Bank Product Agreements.

  • Banking Product Obligations means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of such Person in respect of any treasury, depository and cash management services, netting services and automated clearing house transfers of funds services, including obligations for the payment of fees, interest, charges, expenses, attorneys’ fees and disbursements in connection therewith.

  • Net Obligation means the amount owed to PJMSettlement and PJM for purchases from the PJM Markets, Transmission Service, (under Tariff, Parts II and III , and other services pursuant to the Agreements, after applying a deduction for amounts owed to a Participant by PJMSettlement as it pertains to monthly market activity and services. Should other markets be formed such that Participants may incur future Obligations in those markets, then the aggregate amount of those Obligations will also be added to the Net Obligation.

  • Overdraft Obligations means, with respect to any Portfolio, the amount of any outstanding Overdraft(s) provided by the Custodian to such Portfolio together with all accrued interest thereon.