Default on Obligations Sample Clauses
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Default on Obligations. In the event that the Company ---------------------- defaults on the making of any severance payment required to be made by Section 7 or 12, Executive may give the Company notice of such default and of his intention to terminate the provisions of Sections 8(b) and 9(a) if such default has not been cured within sixty (60) days. If the Company fails to cure such default within such sixty-day period Executive's obligations under Sections 8(b) and 9(a) shall terminate and the Company's obligations under Sections 7 and 12 shall terminate, effective as of the end of such sixty-day period.
Default on Obligations. 19.1. On any Event of Default or at any time after the Company has determined at its absolute discretion that the Customer has not performed (or the Company reasonably believes that the Customer will not be able or willing to perform in the future) any of his/her obligations to the Company, in addition to all the rights set in Section 17 (Mutual Settlements) the Company shall be entitled to take the following actions without prior notice to the Customer: • instead of returning to the Customer investments equivalent to those credited to his/her Master Account, to pay to the Customer the fair market value of such investments at the time the Company exercises such right; • W R V H O O W K H & X V W R P H U ¶ V any nominee or third party appointed pursuant to this Agreement, in each case as the Company may in its absolute discretion select and upon such terms as the Company may in its absolute discretion think fit (without being responsible for any loss or diminution in price) in order to raise funds sufficient to cover any amount payable by the Customer hereunder; • to enforce closure or change of the level of any Deal, or replace with a contrary, buy, sell, borrow or lend, or enter into any other Deal, or take or refrain from such other action at such time and in such manner as the Company at its sole discretion considers necessary or appropriate in order to cover, reduce or recover its losses or O L D E L O L W L H V X Q G H U R U Z commitments; • to cancel and/or consider void any Deal, whether executed or not, and/or to close the Trading Account(s), which the Customer maintains with the Company pursuant to this Agreement, immediately and without prior notice.
Default on Obligations. 19.1. On any Event of Default or at any time after the Company has determined at its absolute discretion that the Customer has not performed (or the Company reasonably believes that the Customer will not be able or willing to perform in the future) any of his/her obligations to the Company, in addition to all the rights set in Section 17 (Mutual Settlements) the Company shall be entitled to take the following actions without prior notice to the Customer:
Default on Obligations. Failure of Borrower to make any payment when due on the Obligations.
Default on Obligations. Failure of Borrower to make any required payment of an Obligation within ten (10) days from the date due.
Default on Obligations. Should a Party default on an obligation under this Agreement, the matter shall be dealt with in accordance with Article [14] of the Hosting Agreement.
Default on Obligations. Company fails to pay its Obligations as and ---------------------- when they come due, including, without limitation, any payment of any principal and interest on the Note.