Common use of DEMANDS AND NOTICE Clause in Contracts

DEMANDS AND NOTICE. If EPOS fails or refuses to pay any Obligations, PQPC shall make a demand upon Guarantor (hereinafter referred to as a "Payment Demand"). Guarantor shall pay such Payment Demand within five (5) business days. A Payment Demand shall be in writing and shall reasonably and briefly specify in what manner and what amount EPOS has failed to pay and an explanation of why such payment is due, with a specific statement that PQPC is calling upon Guarantor to pay under this Guaranty. A single written Payment Demand shall be effective as to any specific default during the continuance of such default, until EPOS or Guarantor has cured such default, and additional written demands concerning such default shall not be required until such default is cured.

DEMANDS AND NOTICE. If EPOS the Company fails or refuses to pay any Obligations, PQPC EPOS shall make a demand upon Guarantor (hereinafter referred to as a "Payment Demand"). Guarantor shall pay such Payment Demand within five (5) business days. A Payment Demand shall be in writing and shall reasonably and briefly specify in what manner and what amount EPOS the Company has failed to pay and an explanation of why such payment is due, with a specific statement that PQPC EPOS is calling upon Guarantor to pay under this Guaranty. A single written Payment Demand shall be effective as to any specific default during the continuance of such default, until EPOS the Company or Guarantor has cured such default, and additional written demands concerning such default shall not be required until such default is cured.