Default Payments. If an Event of Default occurs, Lessee will indemnify and pay to Lessor on demand against any loss (including loss of profit), damage, expense, cost or liability that Lessor may sustain or incur directly or indirectly as a result, including:
Default Payments. In addition to the default interest set forth above, if Customer defaults in the payment of any sum due hereunder, Customer shall pay to Syringa Networks a late charge equal to five percent (5%) of the overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Syringa Networks will incur by reason of late payment of Customer. Acceptance of such late charge by Syringa Networks shall in no event constitute a waiver of Customer’s default with respect to such overdue amount, nor prevent Syringa Networks from exercising any of the other rights and remedies granted hereunder.
Default Payments. In the circumstance of payment default, Applicant consents and authorizes the School and all persons or agencies acting on its behalf, without further notice, to conduct an investigation into Applicant’s credit worthiness prior to determining a modified payment plan to help bring Applicant’s account current. The School maintains its right, at its sole discretion, to report default to the credit bureaus. Applicant waives any and all claims past, present, or future against the School regarding credit investigation caused by Applicant’s default.
Default Payments. Sublessee shall be liable for:
Default Payments. If an Event of Default occurs, in addition to any loss, damage or other amount available under Applicable Law, Lessee shall indemnify and pay to Owner and Lessor on demand against any loss (including loss of profit), damage, expense, cost or liability that Owner or Lessor may sustain or incur directly or indirectly as a result, including: (a) all Basic Rent, Additional Rent and Supplemental Rent which are then due and unpaid or which become due prior to Lessor's recovery of possession of the Aircraft; (b) any loss (calculated on an after-tax basis) suffered by Lessor because of Lessor's inability to place the Aircraft on lease with another lessee on terms as favorable to Lessor as the terms of this Agreement or because whatever use, if any, to which Lessor is able to put the Aircraft upon its return to Lessor, or the funds arising upon a sale or other disposition of the Aircraft, is not as profitable (calculated on an after-tax basis) to Lessor as this Agreement would have been but for such Event of Default; (c) any cost or expense incurred in connection with the exercise by Lessor of its remedies under this Agreement, including costs incurred in respect of repossession, insurance, legal services, consulting services, storage and preservation, repair and remarketing of the Aircraft to third parties; (d) any amount of principal, interest, fees or other sums paid or payable on account of funds borrowed in order to carry any amount unpaid by Lessee; (e) any loss, cost, expense or liability incurred by Lessor owing to Lessee's failure to redeliver the Aircraft on the date, at the place and in the condition required by this Agreement, including an amount equal to the costs incurred (or likely to be incurred) by Lessor for maintenance and/or modifications as necessary to put the Aircraft into such condition and an amount sufficient to fully compensate Lessor for loss of bargain if such failure results in the cancellation of a pending sale or lease of the Aircraft; (f) any additional amount as may be necessary to place Lessor in the same economic position, on an after-tax basis, as Lessor would have been in if Lessee had properly and fully performed each of its obligations under this Agreement. 13.3
Default Payments. In the event that a Default Payment becomes due from Maker to Holder as provided in Section 3, the issuance of common stock in satisfaction of such Default Payments shall be at the price per share equal to the average of the closing price of the Company’s common stock on the US Nasdaq Over the Counter Bulletin Board Market on each of the ten (10) trading days preceding (a) the date on which such Default Payment becomes due, or (b) the date on which such Default Payment is made, whichever is lower.
Default Payments. Lessee shall be liable for:
Default Payments. Without prejudice to any other rights available to the Seller, the Customer shall be liable for any legal or other collection costs on overdue accounts.
Default Payments. 57 13.5 Survival................................................................ 58 14. ASSIGNMENT, NOVATION 14.1 Lien.................................................................... 58 14.2 Lease Assignment/Novation............................................... 58 15. ILLEGALITY...................................................................... 59
Default Payments. 58 14. ASSIGNMENT .............................................................. 59 15. ILLEGALITY .............................................................. 60
