Failure to Receive Timely Payment Sample Clauses

Failure to Receive Timely Payment. 3.5.1 If the Fiscal and Paying Agent has not, by 10:00 a.m. (Local Time) on the due date of any payment to it under Clause 3.1 (Issuer to Pay Fiscal and Paying Agent), received the relevant payment, it shall promptly notify the Issuer and the other Paying Agent(s), if any. 3.5.2 If the Fiscal and Paying Agent subsequently receives such payment, it shall promptly notify the Issuer and the other Paying Agent(s), if any. 3.5.3 If the Fiscal and Paying Agent pays an amount (the “Advance”) to the Issuer on the basis that a payment (the “Payment”) has been, or will be, received from any person and if the Payment has not been, or is not, received by the Fiscal and Paying Agent on the date the Fiscal and Paying Agent pays the Issuer (the “Advance Date”), the Issuer, shall forthwith reimburse the Fiscal and Paying Agent the Advance and the Fiscal and Paying Agent’s cost of funding on the outstanding amount of the Advance from the Advance Date to, the earlier of, (x) the date the Advance is reimbursed by the Issuer or (y) the date on which the Fiscal and Paying Agent receives the Payment from any other person (the “Advance Reimbursement Date”).
Sample 1Sample 2
AutoNDA by SimpleDocs
Failure to Receive Timely Payment. The Principal Paying Agent shall forthwith notify the Issuer, the Note Trustee and each other Paying Agent by email: (a) if it has not, by the relevant time specified in Clause 6.2 (Xxxxxx and time of payment), received unconditionally the full amount in Sterling required for any payment; and (b) if it receives unconditionally the full amount of any sum due in respect of the Notes after the date specified in Clause 6.1 (Issuer to pay Principal Paying Agent).
Sample 1

Related to Failure to Receive Timely Payment

  • Failure to Return Failure of the employee to return pursuant to the date determined in this Section will constitute grounds for termination by the School District unless the School District and the employee mutually agree to an extension of the leave.

  • OUR RIGHT TO RECOVER PAYMENT If we make a payment under this policy and the person to or for whom payment was made has a right to recover damages from another we shall be subrogated to that right. That person shall do:

  • One-Time Payment Tenant shall pay to Landlord a one-time payment in the amount of Fifty Thousand and No/100 Dollars ($50,000.00), payable within thirty (30) days of the Effective Date and subject to the following conditions precedent: (a) Tenant’s receipt of this Amendment executed by Landlord, on or before October 29, 2017; (b) Tenant’s confirmation that Landlord’s statements as further set forth in this Amendment are true, accurate, and complete, including verification of Landlord’s ownership; (c) Tenant’s receipt of any documents and other items reasonably requested by Tenant in order to effectuate the transaction and payment contemplated herein; and (d) receipt by Tenant of an original Memorandum (as defined herein) executed by Landlord.

  • OUR LIABILITY FOR FAILURE TO STOP PAYMENT If You order Us to place a stop payment on one of Your pre-authorized payments 3 business days or more before the transfer is scheduled, and We do not do so, We will be liable for losses or damages, to the extent provided by law. TRANSACTION SLIPS. Except for mail-in transactions and certain small-value transactions, You can get a receipt at the time You make any transaction to or from Your Account through the use of Your Card. When an electronic fund transfer has been made during any given month, You will receive a monthly statement to reflect all electronic fund transfers to or from Your Account during that statement period. In any case, You will receive a statement at least quarterly. FEES. We may assess reasonable charges against Your Account for transactions performed at electronic terminals. If so, We will specify any charges for these or other types of electronic transactions, including automatic transfers, on an accompanying pricing document. We will explain the charges to You when You open Your Account. You will be provided with a fee schedule, and other specified information after Your Account is established. Additional fee schedules are available at any of Our office locations. When You use an ATM not owned by Us, You may be charged a fee by the ATM operator, or any network used, and You may be charged a fee for a balance inquiry even if You do not complete a fund transfer.

  • Failure to Return from Leave Any employee who has been granted any type of unpaid leave of absence and who, for any reason, fails to return to work at the expiration of said leave of absence shall be considered as having resigned her or his position with the County, and her or his position shall thereupon be declared vacated, except and unless she or he has furnished evidence that she or he was unable to return to work for reasons protected by applicable Federal or State laws.

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