Defaults in Payments Sample Clauses

Defaults in Payments. If all Premiums required under this Contract are not paid in full when they are due, this Contract will terminate as described in this section. However, even if your coverage is terminated for non- payment, you, as the Contractholder are still obligated under this Contract to pay us any prorated portion of the Premium for the period of time during which we provided benefits, or for any amounts otherwise due us.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Defaults in Payments. If all Premiums required under this Contract are not paid in full when they are due, this Contract will terminate at the end of the Grace Period, as described in the PAYMENT OF PREMIUMS section.
Sample 1Sample 2Sample 3
Defaults in Payments. If Employer fails to make payments to Officer pursuant to the terms of this Agreement, any such due and unpaid amounts shall bear interest daily as of the date such payment was due and payable until paid in full, at a rate equal to twelve (12%) per annum compounded daily, or 0.0328767% per day.
Sample 1
Defaults in Payments. In the event that RMCP is more than fifteen 15 days late in its payment obligations, RMCP is considered in default of this Agreement. RMCP shall be responsible for late fees of one per cent (1%) per month until paid.
Sample 1
Defaults in Payments. Should any installment of charter fees not be paid on the date designated, the CHARTERER will be advised in writing and will have 5 days to pay balances due. If the default continues thereafter, 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.
Sample 1
Defaults in Payments. Any default of a Party in paying its share of any expenditures hereunder or of any advance requested from it hereunder shall have the following consequences. 9.1 If such default is a failure by a Party to pay its share of any expenditure or to pay advance requested by JOB for expenditures corresponding to Development Operations, the Participating Interest of the parties shall be recalculated in the manner set out bellow and the defaulting Party shall forfeit its right and execute such assignment as may be required to give effect to the recalculated interests. The recalculated Participating Interests shall become the equivalent of those fractions:
Sample 1

Related to Defaults in Payments

  • 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.

  • 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.

  • 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.

  • 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.

  • 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).

  • 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.

  • IN PAY An employee who is called in for work outside his standard hours other than for scheduled overtime work, shall be paid either

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!