DEFAULT OF THE CUSTOMER Sample Clauses

DEFAULT OF THE CUSTOMER i) If the Customer shall make default in or commit a breach of the terms or conditions of any contract with the Company, or if any distress or execution shall be levied upon the Customer’s property or assets, or if the Customer shall make or offer to make any arrangement or composition with creditors, or commit any act of bankruptcy, or if any petition or receiving order in bankruptcy shall be presented or made against him, or a Statutory Demand is served on him, of if the Customer is a limited company and any resolution or petition to wind up such Company’s business shall be passed or presented, or if a Receiver of such Company’s undertaking, property or assets or any part thereof shall be appointed, the Company shall have right without notice to the Customer and without prejudice to any other claims or rights the Company may make or exercise to determine all or any of its contracts with the Customer.
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DEFAULT OF THE CUSTOMER. 12.1. If the Customer fails to pay any sum when it becomes due, DCRL shall have the right, but without prejudice to any other rights or remedies, to suspend further work until payment is received with interest at the rate specified at condition 22 or to cancel the Contract so far as any Services remain to be provided in which case the Customer will indemnify DCRL in accordance with condition 3 above.
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DEFAULT OF THE CUSTOMER. 12.1. If the Customer fails to pay any sum when it becomes due, PSL shall have the right, but without prejudice to any other rights or remedies, to suspend further work until payment is received with interest at the rate specified at condition 22 or to cancel the Contract so far as any Services remain to be provided in which case the Customer will indemnify PSL in accordance with condition 3 above.
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DEFAULT OF THE CUSTOMER. 12.1. If the Customer fails to pay any sum when it becomes due, CPSL shall have the right, but without prejudice to any other rights or remedies, to suspend further work until payment is received with interest at the rate specified at condition 22 or to cancel the Contract so far as any Services remain to be provided in which case the Customer will indemnify CPSL in accordance with condition 3 above.
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DEFAULT OF THE CUSTOMER. 13.1. If the customer is not in a timely fashion, that is, within 8 days after the invoice date, is charged, the customer is in default. Unless otherwise agreed in writing, the customer from the time of default owe interest on the amount due amount, equal to the legal interest (trade), increased with an interest rate of 1.5% per month.
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DEFAULT OF THE CUSTOMER. If the Customer is in default according to this Terms of Sale, and the Seller early terminates this Terms of Sale (including the end of the current initial or renewal term) and/or this Terms of Sale becomes terminated due to the termination of the Merchant Contract between the “Merchant Company” (or another “Merchant Company” authorized by Seller) and the Seller due to request of the “Merchant Company” then the Customer is responsible for the Early Termination Fee (as defined in the paragraph 4.5), and the Customer immediately becomes liable for 10% (Ten percent) of the total amount of this Terms of Sale from the beginning and until the end of the then current term as liquidated damages, and also for the total costs of shipping of the POS and its components to the Customer. All other fees owed by the Customer to the Seller shall be paid additionally to the ETF.
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DEFAULT OF THE CUSTOMER. 12.1. If the Customer fails to pay any sum when it becomes due, SUPP shall have the right, but without prejudice to any other rights or remedies, to suspend further work until payment is received with interest at the rate specified at condition 22 or to cancel the Contract so far as any Services remain to be provided in which case the Customer will indemnify SUPP in accordance with condition 3 above.
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DEFAULT OF THE CUSTOMER. 11.1. If any of the events set out in (a) to (f) below occur, the Company may at its option and in its absolute discretion withhold further deliveries or cancel the agreement without notice to the Customer and without prejudice to any other action or remedy which the Company has or might otherwise have had and/or open a new trading account with the Customer with cash on delivery payment terms:
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DEFAULT OF THE CUSTOMER. 12.1 The Customer fails to make any payment as and when due and payable, commits an act of bankruptcy, has liens placed on a project or assets frozen or restrained, is insolvent or becomes subject to any form of external administration or an application for any form of external administration is made against the Customer (Default).
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Related to DEFAULT OF THE CUSTOMER

  • Customer Default The occurrence at any time of any of the following events shall constitute a “Customer Default”:

  • Developer Default Each of the following shall be an Event of Default by Developer:

  • No Default for Force Majeure Neither Party will be in default in the performance of any of its obligations set forth in this Agreement, except for obligations to pay money, when and to the extent failure of performance is caused by Force Majeure.

  • Available Relief for a Force Majeure Event 11.7.1 Subject to this Article 11:

  • Notice of Event of Default If the Mortgagee shall have Actual Knowledge of an Event of Default or of a Default arising from a failure to pay Rent, the Mortgagee shall give prompt written notice thereof to the Owner Trustee, the Owner Participant, Lessee, and each Note Holder. Subject to the terms of Sections 2.13, 4.03, 4.04, 4.08, 5.02 and 5.03 hereof, the Mortgagee shall take such action, or refrain from taking such action, with respect to such Event of Default or Default (including with respect to the exercise of any rights or remedies hereunder) as the Mortgagee shall be instructed in writing by a Majority in Interest of Note Holders. Subject to the provisions of Section 5.03, if the Mortgagee shall not have received instructions as above provided within 20 days after mailing notice of such Event of Default to the Note Holders, the Mortgagee may, subject to instructions thereafter received pursuant to the preceding provisions of this Section 5.01, take such action, or refrain from taking such action, but shall be under no duty to take or refrain from taking any action, with respect to such Event of Default or Default as it shall determine advisable in the best interests of the Note Holders; PROVIDED, HOWEVER, that the Mortgagee may not sell the Aircraft or any Engine without the consent of a Majority in Interest of Note Holders. For all purposes of this Trust Indenture, in the absence of Actual Knowledge on the part of the Mortgagee, the Owner Trustee or the Owner Participant, the Mortgagee, the Owner Trustee or the Owner Participant, as the case may be, shall not be deemed to have knowledge of a Default or an Event of Default (except, in the case of the Mortgagee, the failure of Lessee to pay any installment of Basic Rent within one Business Day after the same shall become due, if any portion of such installment was then required to be paid to the Mortgagee, which failure shall constitute knowledge of a Default) unless notified in writing by Lessee, the Owner Trustee, the Owner Participant or one or more Note Holders.

  • Xxxxxx of Default Any one or more of the following shall constitute an “Event of Default” hereunder:

  • Termination for Concessionaire Default 37.1.1 Save as otherwise provided in this Agreement, in the event that any of the defaults specified below shall have occurred, and the Concessionaire fails to cure the default within the Cure Period set forth below, or where no Cure Period is specified, then within a Cure Period of 60 (sixty) days, the Concessionaire shall be deemed to be in default of this Agreement (the “Concessionaire Default”), unless the default has occurred solely as a result of any breach of this Agreement by the Authority or due to Force Majeure. The defaults referred to herein shall include:

  • Developer Event of Default Any of the following events shall constitute an event of default by the Developer ("Developer Event of Default") unless such event has occurred as a result of a Force Majeure Event or the Authority Event of Default or any governmental action for reasons other than any breach, default or lapse on the part of the Developer:

  • Notice of Events of Default The Issuer shall give a Responsible Officer of the Indenture Trustee and each Rating Agency prompt written notice of each Event of Default hereunder and each default on the part of the Servicer or the Seller of its obligations under the Sale and Servicing Agreement.

  • Events of Default by Either Party It shall constitute an event of default (“Event of Default”) by either Party hereunder if:

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