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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.

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.

Neither this Agreement (including all Schedules and exhibits hereto) nor any of the Transactional Agreements contemplated to be executed and delivered by Cosmos in connection with this Agreement contains any untrue statement of material fact; and none of such documents omits to state any material fact necessary to make any of the representations, warranties or other statements or information contained therein not misleading.

Full Disclosure. No written representation, warranty or other statement of Co-Borrower in any certificate or written statement given to Bank, as of the date such representation, warranty, or other statement was made, taken together with all such written certificates and written statements given to Bank, contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements contained in the certificates or statements not misleading (it being recognized by Bank that the projections and forecasts provided by Co-Borrower in good faith and based upon reasonable assumptions are not viewed as facts and that actual results during the period or periods covered by such projections and forecasts may differ from the projected or forecasted results).

Full Disclosure. Neither this Agreement nor any certificate, financial statement or other writing provided to the by or on behalf of the [[Organization A:Organization]] or any Subsidiary contains any statement of fact that is incorrect or misleading in any material respect or omits to state any fact necessary to make any such statement not incorrect or misleading. The [[Organization A:Organization]] has not failed to disclose to the any fact that might have a material adverse effect on the [[Organization A:Organization]] or any Subsidiary.

There are no materially misleading misstatements in any of the representations and warranties made by Seller in this Agreement, the Exhibits or Schedules to this Agreement, or any certificates delivered by Seller pursuant to this Agreement and Seller has not omitted to state any fact necessary to make statements made herein or therein not materially misleading.

Full Settlement. The payments provided under this Agreement are in full settlement of any claims Employee may have against the Company arising out of Employee’s termination, including, but not limited to, any claims for discrimination or wrongful discharge; provided, however, any rights or obligations of the parties under any other agreement or plan, such as any pension, stock option, shareholder or other plan or agreement shall be governed by such other plan or agreement.

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.

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