FAULT AT PAYMENT Sample Clauses

FAULT AT PAYMENT. In case of delay of payment or failure to pay, including partial payment of Airport fees, the CONCESSIONAIRE shall undertake suitable measures for coercive collection of receivables from the air carrier or the respective client. In case of fault at payment of a client, the CONCESSIONAIRE shall be entitled to detain any take off of an aircraft without preceding court proceedings until the final payment of due sums. In this case the GRANTOR OF CONCESSION may provide assistance to the CONCESSIONAIRE with regard to performance of all preliminary or coercive measures defined by the CONCESSIONAIRE or ruled by the competent administrative authorities or courts, including but not only, detention of take off of the respective aircraft. The CONCESSIONAIRE shall have the right to initiate court proceedings for collection of the delayed sums from every client.
Sample 1
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Related to FAULT AT PAYMENT

  • Advance Payment The right to indemnification conferred in this Article VII shall include the right to be paid or reimbursed by the Company the reasonable expenses incurred by a Person of the type entitled to be indemnified under Section 7.3 who was, is or is threatened to be made a named defendant or respondent in a Proceeding in advance of the final disposition of the Proceeding and without any determination as to the Person’s ultimate entitlement to indemnification; provided, however, that the payment of such expenses incurred by any such Person in advance of the final disposition of a Proceeding shall be made only upon delivery to the Company of a written affirmation by such Person of his or her good faith belief that he has met the standard of conduct necessary for indemnification under Article VII and a written undertaking, by or on behalf of such Person, to repay all amounts so advanced if it shall ultimately be determined that such indemnified Person is not entitled to be indemnified under this Article VII or otherwise.

  • Late Payment Timeliness of payment and any interest to be paid to Contractor for late payment shall be governed by Article 11-A of the State Finance Law to the extent required by law.

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