How is Contract Payment defined in a legal contract?
- Contract Payment means any debt of the obligated party under a contract, including but not limited to certain scheduled payments, interest, finance charges, and other obligations. This excludes option payments at the end of a leasing term, any collected fees for third parties, and any other residual payments.
Seen in 17 SEC filings - Contract Payment means any required payment by the obligated party under a contract, excluding certain included amounts in such payments for which the contributor is not the ultimate beneficiary, inclusive of, property taxes, manufacturers maintenance costs and even purchase option payments.
Seen in 10 SEC filings - Contract Payment means each installment payable by an obligated party under a contract for rent, principal, and/or interest, excluding all additional or supplemental payments required by the contract terms, such as taxes, insurance, maintenance, penalties, or other charges.
Seen in 9 SEC filings - Contract Payment means the sums credited to the Accumulation Fund on the Deposit Date as defined in the Schedule.
Seen in 5 SEC filings - Contract Payment means the amount payable to the contractor by the authority for providing contract deliverables.
Seen in 5 SEC filings - Contract Payment means as regards to any contract, and in a collection period, the minimum monthly or other periodic contract payment to be made by the related user for the use of the related equipment in accordance with the terms of the contract.
Seen in 5 SEC filings.
Please note, these are simplified summaries and do not cover every aspect of the definitions provided.
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for ‘Definitions of contract payment’ yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Contract Payment means periodic, necessary payments due under a contract, excluding fees, extra charges or specified residuals.
Relevant Contract Types
Relevant Circumstances
- Commercial Real Estate Renting
- Equipment Rental
- Wholesale Product Purchase
- License to Use Intellectual Property
Relevant Sectors
Genie Definition 2
- Contract Payment means the amount disbursed to fulfill obligations as stated in a contract, excluding additional fees or payments.
Relevant Contract Types
Relevant Circumstances
- Hiring of Employees or Consultants
- Undertaking Construction Projects
- Outsourcing Services
Relevant Sectors
Are you creating, reviewing or negotiating a document?
🚀 Try our AI Legal Assistant! It can suggest a definition just for your specific needs (Simply import your contract, then ask it to draft a definition suitable for your document, that's it!)
Contract Payment means periodic, necessary payments due under a contract, excluding fees, extra charges or specified residuals.
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