Source of Payments Clause Example from Business Contracts

This example Source of Payments clause appears in 4 contracts from 1 company

Source of Payments. All payments provided under this Agreement, other than payments made pursuant to a plan which provides otherwise, shall be paid in cash from the general funds of the Company Group, and no special or separate fund shall be established, and no other segregation of assets shall be made, to assure payment. The Executive shall have no right, title or interest whatsoever in or to any investments which the Company Group may make to aid the Company Group in meeting its obligations hereunder. To the exte...nt that any person acquires a right to receive payments from the Company Group hereunder, such right shall be no greater than the right of an unsecured creditor of the Company. View More
Found in Tuscan Holdings Corp. contract
Tuscan Holdings Corp. Contracts

Employment Agreement, dated as of February 1, 2021, by and between Microvast, Inc. and Yang Wu (Filed With SEC on July 28, 2021)

Employment Agreement, dated as of February 1, 2021, by and between Microvast, Inc. and Yanzhuan Zheng (Filed With SEC on July 28, 2021)

Employment Agreement, dated as of February 1, 2021, by and between Microvast, Inc. and Wenjuan Mattis, Ph.D (Filed With SEC on July 28, 2021)

Employment Agreement, dated as of March 29, 2022, by and between Microvast, Inc. and Shane Smith (Filed With SEC on March 29, 2022)