Insufficient moneys Sample Clauses
The 'Insufficient moneys' clause defines the procedures and consequences when there are not enough funds available to fulfill a party's financial obligations under the agreement. Typically, this clause outlines what happens if a party cannot make required payments, such as suspending services, delaying performance, or triggering default remedies. Its core practical function is to address the risk of non-payment and provide a clear process for both parties to follow in the event of a funding shortfall, thereby ensuring predictability and managing financial risk.
Insufficient moneys. If after the application of the provisions of clause 24.1 there is insufficient money available to the Trustee in respect of a Trust to pay the full amount due to Noteholders in the Trust, the deficiency shall, subject to the Supplementary Terms Notice for the Notes or any Class of the Notes issued in relation to the Trust, be borne by the Noteholders in the manner set out in the relevant Supplementary Terms Notice. Master Trust ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ & ▇▇▇▇▇▇▇ --------------------------------------------------------------------------------
Insufficient moneys. If after the application of the provisions of clauses 30.1 and 30.2 there is insufficient money available to the Trustee in respect of a Trust to pay the full amount due to Noteholders in the Trust, the deficiency shall, subject to the Series Notice for the Notes or any Class of the Notes issued in relation to the Trust, be borne by the Noteholders in the manner set out in the relevant Series Notice.
Insufficient moneys. If moneys necessary to satisfy the contract price are at any time not forthcoming or insufficient through the failure of the State of Iowa to make sufficient moneys available as a result of legally binding action, then the Agency may terminate this contract by giving not less than 20 calendar days' written notice to the Contractor documenting the lack of funding. Upon termination, the Agency agrees to pay all costs incurred by the Contractor up and until the date of termination. If moneys necessary to satisfy the contract price become available within 40 calendar days subsequent to the termination under this contract, the Agency agrees to re-execute a contract with the Contractor under the same provisions of this contract and any amendments as agreed to by the Agency and the Contractor.