DEFAULTS IN PAYMENT Sample Clauses

DEFAULTS IN PAYMENT. Should any installment of charter fees not be paid on the date designated, the CHARTERER will be advised in writing and will have 14 days to pay balances due. If the default continues thereafter, the OWNER shall be so be advised by the BROKER, and the OWNER shall have the right to cancel this Agreement without prejudice to his rights in respect of any arrears of charter money, or of any breach by the CHARTERER of the conditions contained herein.
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DEFAULTS IN PAYMENT. Default shall have occurred in case of failure to make payment of EMIs/ PEMIs and/ or Interest and/ or in payment of any other amounts due and payable to the Lender in terms of this Agreement and/ or in terms of any other Agreement/s, Loan Documents, Security Documents that may be subsisting or that may be executed between the Borrower and the Lender hereafter.
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DEFAULTS IN PAYMENT. In the event of default in the payment for Services rendered or expenses incurred by PYRAMID for Client, pursuant to this Agreement, Client shall be responsible for all collection fees and expenses incurred by PYRAMID, including attorneys’ fees. In the event of default in the reimbursement for Service fees or Client Materials to Client by PYRAMID, pursuant to this Agreement, PYRAMID shall be responsible for all collection fees and expenses incurred by Client, including attorneys’ fees. Document No: Revision: Revision Date: Replaces: Page: MSA-XPI 00 05/01/18 NA 10 of 27
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DEFAULTS IN PAYMENT. (a) The Partnership shall be entitled to enforce the obligations of each Partner to make contributions to capital set forth in Section 3.3 and the Partnership shall have all remedies available at law or in equity in the event any such contribution is not so made. (b) In the event that any Limited Partner (other than a Limited Partner who is excused or excluded from an investment pursuant to Section 3.4) fails to make a Capital Contribution (including any Capital Contribution to pay the Management Fee or to any Alternative Vehicle or Parallel Regulatory Vehicle) when required, and such Limited Partner shall not have rectified such failure within five (5) Business Days of receipt of written notice of such failure from the General Partner (a "Defaulting Partner"), then the General Partner may, in its sole discretion, elect to charge such Limited Partner interest at an annual rate equal to LIBOR plus 6% (not to exceed the highest rate permitted by applicable law) on the amount due from the date such amount became due until the earlier of (i) the date on which such payment is received by the Partnership or (ii) the date of any notice given to such Defaulting Partner by the General Partner pursuant to Sections 3.7(c), 3.7(d) or 3.7(e), plus out-of- pocket legal and collection costs (with such interest and costs to be treated as income of or reimbursement to the Partnership, and not as a Capital Contribution). The amount charged as provided in this Section 3.7(b) shall not exceed the amount of such Defaulting Partner's Capital Account. (c) In addition to the other rights provided in this Section 3.7 and to the extent not inconsistent with such other rights, the General Partner may, in its sole discretion, elect to declare, by notice to a Defaulting Partner, that: (i) Such Defaulting Partner's Capital Commitment shall be deemed to be reduced to the amount of any contributions of capital timely made pursuant to Section 3.3 or
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DEFAULTS IN PAYMENT xX NOTICE OF DEFAULT If any Party including the Operator (herein called the "Defaulting Party") fails to make any payment as required by this Agreement or by any of the other Joint Venture Documents on or before the due date thereof, the Operator shall upon becoming aware of such failure give notice by telex cable or telegram of such failure to the Defaulting Party. If at the expiration of two (2) days after the receipt or deemed receipt of such notice by the Defaulting Party payment of the amount due by the Defaulting Party remains unpaid the Operator shall thereupon give a notice of the default to all Parties.
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DEFAULTS IN PAYMENT. 12.1 Time is expressly declared to be the essence of this agreement. 12.2 Notwithstanding anything herein contained, in case the Allottee/ Purchaser commits default in performing and observing covenants/obligations herein including those for payment then and in such an event, a notice for demand shall be issued specifying the time which shall not exceed 60 days from the due date and if the said payment is not received within the time specified in the notice then this agreement shall stand terminated at the discretion of the Promoter/Developer and in such event all rights and claims of the Allottee/Purchaser against the Owners and Promoter/Developer and/or the said Apartment shall stand extinguished. 12.3 In case of termination and/or cancellation of this Agreement, the Promoter/Developer shall forfeit the booking amount of the total purchase price of the said Apartment and 10% of the consideration amount and interest as per applicable laws and brokerage paid if any as liquidated damages and the applicable GST payable on such Cancellation Charges and refund to the Allottee/Purchaser the entire balance amount paid by the Allottee/Purchaser without any interest. Provided however the Promoter/Developer shall refund the said balance amount subject to sale of the said Apartment to the Third Party and realization of the sale proceeds thereof. Provided however it is made clear that the Allottee/Purchaser shall be at liberty to apply for refund of the GST and other taxes and Promoter/Developer shall not be liable for the refund of the same. 12.4 For the period of late payment or in case the Promoter/Developer condones the default of the Allottee/Purchaser even for a period more than the stipulated grace period provided in the notice then and in such event, the Allottee/Purchaser shall along with such dues and/or arrears, pay interest @ 2% per annum over and above Prime Lending Rate fixed by State Bank of India for the period of default on all amounts remaining unpaid. Any condonation granted by the Promoter/Developer shall not amount to waiver of the future defaults or breaches. 12.5 In case of Delay on part of the Promoter/Developer to complete the construction of the said Apartment within the stipulated time as stated herein above, then the Promoter/Developer shall pay interest @ 2% per annum over and above Prime Lending Rate fixed by State Bank of India for the delay in construction subject to however Force Majeure. 12.6 In case of Delay on part of the Promoter/...
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DEFAULTS IN PAYMENT. Should any sums due under this Agreement not be paid when due, the CHARTERER shall immediately be notified by the Owner via the BROKER in writing, and should the CHARTERER not rectify the failure within 7 days of such notice, the OWNER shall have the right to cancel this Agreement without prejudice to his rights in respect of any arrears of charter fees, or of any breach by the CHARTERER of this Agreement. If CHARTERER defaults in payments, for reason other than related to a dispute, previous payments are non-refundable.
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Related to DEFAULTS IN PAYMENT

  • ALL-IN PAYMENTS It is agreed all-in payments breach the award and this Agreement. All-in payments to employees will not be made. Where it is alleged all-in payments are being made, the provisions of the VBIA shall apply.

  • Default in Payment Any payment not made within ten (10) business days after it is due in accordance with this Agreement shall thereafter bear interest, compounded annually, at the prime rate in effect from time to time at Citibank, N.A., or any successor thereto. Such interest shall be payable at the same time as the corresponding payment is payable.

  • Delay in Payment Notwithstanding anything else to the contrary in this Agreement, the BEP, or any other plan, contract, program or otherwise, the Company (and its affiliates) are expressly authorized to delay any scheduled payments under this Agreement, the BEP, and any other plan, contract, program or otherwise, as such payments relate to the Executive, if the Company (or its affiliate) determines that such delay is necessary in order to comply with the requirements of Section 409A of the Internal Revenue Code. No such payment may be delayed beyond the date that is six (6) months following the Executive’s separation from service (as defined in Section 409A). At the end of such period of delay, the Executive will be paid the delayed payment amounts, plus interest for the period of any such delay. For purposes of the preceding sentence, interest shall be calculated using the six (6) month Treasury Xxxx rate in effect on the date on which the payment is delayed, and shall be compounded daily. If the conditions of the severance exception under Treasury Regulation Section 1.409A-1(b)(9)(iii) (or any successor Regulation thereto) are satisfied, payment of benefits shall not be delayed for six (6) months following termination of employment to the extent permitted under the severance exception.

  • CALL-IN PAY 14.01 An employee who is called in to work outside their regularly scheduled hours shall be paid a minimum of four (4) hours pay at their applicable rate whenever there is a break between the employee's regularly scheduled hours and the work the employee is called to perform.

  • Report-In Pay An employee who reports to work on a regularly scheduled workday without previous notice not to report shall receive a minimum of four (4) hours work or four (4) hours pay in lieu thereof at the applicable hourly rate.

  • No Payment Default Except for payment delinquencies that have been continuing for a period of not more than 29 days, no payment default under the terms of any Receivable exists as of the Cutoff Date.

  • REPORTING IN PAY An employee reporting for work on his/her regularly scheduled shift who has not been properly notified not to report will receive a minimum of four (4) hours pay in lieu at the applicable rate or at least four (4) hours employment at his/her regular rate.

  • Certain Payments Without the prior consent of the Dealer Manager, none of the Company, the Advisor or any of their respective affiliates will make any payment (cash or non-cash) to any associated Person or registered representative of the Dealer Manager.

  • Default in Payment of Principal of Loans and Reimbursement Obligations The Borrower shall default in any payment of principal of any Loan or Reimbursement Obligation when and as due (whether at maturity, by reason of acceleration or otherwise).

  • Change in Payment Instructions to Obligors The Servicer shall not (and shall not permit any Sub-Servicer to) add, replace or terminate any Collection Account (or any related Lock-Box) or make any change in its instructions to the Obligors regarding payments to be made to the Collection Accounts (or any related Lock-Box), other than any instruction to remit payments to a different Collection Account (or any related Lock-Box), unless the Administrative Agent shall have received (i) prior written notice of such addition, termination or change and (ii) a signed and acknowledged Account Control Agreement (or an amendment thereto) with respect to such new Collection Accounts (or any related Lock-Box) and the Administrative Agent shall have consented to such change in writing.

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