Example ContractsClausesFull Payment
Full Payment
Full Payment contract clause examples

Payment in Full Settlement. In the event that this Contract is terminated by Customer for convenience as provided for in this [Article 21.0], the total payment to the Contractor with respect to this [Article 21.0] shall be in full settlement of any and all claims of the Contractor under this Contract (as adjusted for any additional scope and/or other claims that entitle Contractor to an increase in the Contract Price, which claim may be settled as part of the termination process) and shall not exceed the Contract Price stated in [Article 3.0], Contract Price ​. Contractor shall ensure that Subcontractors shall not submit termination claims directly to Customer.

Release on Payment in Full. The Agent shall, upon the written request and at the expense of the Borrowers, # upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of the Note and this Agreement, release the Liens of the Mortgages, the Pledge Agreements and of this Agreement upon the Cash Management Account, all Reserve Funds and all other security interests granted herein and under the Loan Documents (collectively, the “Security Documents”) and execute any UCC-termination statements reasonably necessary in connection therewith, or # in lieu of applying monies as a full repayment of the Debt, along with a release of the Liens of the Mortgages and the other Security Documents, in consideration of an amount equal to that necessary for a full repayment of the Debt in accordance with the terms of the Loan Documents, endorse the Note, and assign the Mortgages and the Note to a lender designated by the Borrowers, which assignment shall be without any representations or warranties, other than due authorization of such assignment and the Lender’s ownership of the Note, and the Borrowers shall reimburse the Agent and the Lender for all of their costs, including, but not limited to, legal costs and expenses incurred in connection therewith.

Cancellation upon Payment in Full. Upon AIP’s receipt of the full payment of this Note, AIP shall write on the face of each page of this Note the following “Note Cancelled/Released, Paid in full on (the date of payment)” and signature of an authorized representative of AIP. AIP shall send the original cancelled Note to Company within five days of AIP’s receipt of final payment of the Note. Upon full payment of the note the conditions of 2(a) and 2(b) still remain and may come at some point in the future.

No information furnished by or on behalf of the Company to Buyer or its representatives in connection with this Agreement or the transactions contemplated by this Agreement is false or misleading. In connection with such information and with this Agreement and the transactions contemplated hereby, the Company has not made any untrue statement of financial or material fact or omitted to state a fact necessary in order to make the statements made or information delivered, in the light of the circumstances under which they were made or delivered, not misleading.

Full Agreement. This Agreement and the other Loan Documents contain the full agreement of the parties and supersede all negotiations and agreements prior to the date hereof.

Full Settlement. Subject to § 17(d), the payments and benefits provided under this § 8 shall be in full satisfaction of the obligations of the Company and its affiliates to Executive under this Agreement or any other plan, agreement, policy or arrangement of the Company and its affiliates upon his termination of employment.

Full Disclosure. All of the representations and warranties made by YourSpace in this Agreement, and all statements set forth in the certificates delivered by YourSpace at the Closing pursuant to this Agreement, are true, correct and complete in all material respects and do not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make such representations, warranties or statements, in light of the circumstances under which they were made, misleading. The copies of all documents furnished by YourSpace pursuant to the terms of this Agreement are complete and accurate copies of the original documents. The schedules, certificates, and any and all other statements and information, whether furnished in written or electronic form, to the Company or its representatives by or on behalf of the Company or its Affiliates in connection with the negotiation of this Agreement and the transactions contemplated hereby do not contain any material misstatement of fact or omit to state a material fact or any fact necessary to make the statements contained therein not misleading.

The Company's obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Executive or others. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement and, except as otherwise expressly provided for in this Agreement, such amounts shall not be reduced whether or not the Executive obtains other employment. The Company agrees to pay, to the fullest extent permitted by law (but only to the extent consistent with Code Section 409A), all legal fees and expenses which the Executive may reasonably incur at all stages of proceedings, including, without limitation, preparation and appellate review, as a result of any contest (regardless of whether formal legal proceedings are ever commenced and regardless of the outcome thereof) by the Company, the Executive or others of the validity or enforceability of, or liability under, any provision of this Agreement or any guarantee of performance thereof (including as a result of any contest by the Executive about the amount of any payment pursuant to this Agreement), plus in each case interest on any delayed payment at the applicable Federal rate provided for in Code Section 7872(f)(2)(A).

Full Disclosure. The financial statements referred to in [Section 7.6] above, this Agreement, and any written statement furnished by Borrowers to Agent or any Lender (copies of which have been previously delivered), do not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein or herein not misleading, in light of the circumstances under which it was made; provided, that with respect to any projections and pro forma financial information contained in the materials referenced above, the Borrowers represent only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time made in light of the circumstances when made, it being recognized by Agent and Lenders that such financial information as it relates to future events is not to be viewed as fact and that actual results during the period covered by such financial information may differ from the projected results as set forth therein by a material amount.

Full Settlement. The payments and benefits provided under this Section 4 shall be in full satisfaction of the Company's obligations to [[Mr. Kanas:Person]] upon his termination of services hereunder or of this Agreement for any reason, notwithstanding the remaining length of the Term, and, subject to the aforesaid, [[Mr. Kanas:Person]] shall not be entitled to any other payments or benefits (or other damages in respect of a termination or claim for breach of this Agreement) beyond those specified in this Section 4.

Next results

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.