Non-payment of premium or fees Sample Clauses

Non-payment of premium or fees a) In the event of non-payment of either the first premium or a single one-off premium (fully or partly) and upon our request and written reminder for payment, We are entitled to cancel this Contract pursuant to § 38, par 1 of the Austrian Insurance Contract Act. Unless complete payment of the premium has been made, We are not obliged to indemnify according to § 38, par 2 of the VersVG. If You do not pay any subsequent premium completely within a period of 2 weeks after receipt of Our written reminder, We are entitled to cancel this Contract without notice in accordance with § 39, par 3 of the Austrian Insurance Contract Act. According to § 39, par 2 VersVG, We are not obliged to indemnify should any claim occur after the expiry of this period. We shall also be entitled to invoice You late payment interests equal to the legal interest rate in force on the due date. We also reserve the right to deduct the amounts due from the deposit and/or terminate the Contract. b) In case of non-payment of the fees, in whole or in part, within the prescribed time, We reserve the
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Non-payment of premium or fees. In case of non-payment of the premium, in whole or in part, within the prescribed time, cover shall be forfeited for all Debts resulting from Deliveries made during the period in relation to which the premium was not paid. We shall also be entitled to invoice You late payment interest equal to the Reserve Bank of Australia Cash Rate in force on the due date.
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Non-payment of premium or fees a) In case of non-payment of the premium, in whole or in part, within the prescribed time, cover shall be forfeited for all Debts resulting from Deliveries made during the period in relation to which the premium was not paid. We shall also be entitled to invoice You i) late payment interest equal to 2 times the legal interest rate in force on the due date and ii) a fixed penalty of 500 euros for each of our invoice not fully paid on the due date to cover our collection costs. We also reserve the right to deduct the amounts due from the deposit and/or terminate the Contract. b) In case of non-payment of the fees, in whole or in part, within the prescribed time, We reserve the right to invoice You late payment interest and a fixed penalty as detailed in paragraph a) above.
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Non-payment of premium or fees a) In case of non-payment of the premium or fees, in whole or in part, within the prescribed time, or if You do not comply with any other conditions precedent in this Contract We may cancel the cover, declare the cover void, change the terms of the cover or refuse to deal with whole or part of any Debt (or other claim).. b) We shall also be entitled to invoice You (i) late payment interest at the rate of four per cent (4%) per annum above the Bank of England base rate in force on the due date and (ii) a fixed penalty of GBP 500 for each of our invoices not fully paid on the due date to cover our collection costs. We also reserve the right to deduct the amounts due from the deposit and/or terminate the Contract.
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Related to Non-payment of premium or fees

  • Payment of Premiums Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

  • Payment of Premium Unless otherwise agreed in writing by the Parties, the Buyer shall be obligated to pay the Premium related to an Option no later than its Premium Payment Date.

  • Non-Payment of Fees Timely payment of fees owing under this Section 5 is a material condition of performance under this Agreement. In the event that Registrar fails to pay its fees within five (5) days of the date when due, Verisign may: (i) stop accepting new initial or renewal registrations from Registrar; (ii) delete the domain names associated with invoices not paid in full from the Registry database; (iii) give written notice of termination of this Agreement pursuant to Section 6.1(b) below; and (iv) pursue any other remedy under this Agreement.

  • Payment of Principal, Premium, if any, and Interest The Company covenants and agrees for the benefit of the Holders of the Securities that it will duly and punctually pay the principal of and any premium and interest (including any Additional Interest) on the Securities in accordance with the terms of the Securities and this Indenture.

  • Payment of Principal, Premium and Interest The Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay the principal of and any premium and interest on the Securities of that series in accordance with the terms of the Securities and this Indenture.

  • Non-Payment The Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein, any amount of principal of any Loan or any L/C Obligation, or (ii) within three days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any fee due hereunder, or (iii) within five days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or

  • Premium Payments If an employee with at least three years of service in the employ of the Shaker Heights Board of Education should exhaust his/her sick leave within the time specifications of this contract and is granted a leave of absence by the Board, the Board shall continue to pay his/her premiums in accordance with his/her work assignment for the following fringe benefits for a period not to exceed twelve (12) months. The payment of such premiums will cease on the effective date an employee retires, resigns, goes on disability retirement or his/her contract is terminated. 1. PPO medical coverage 2. Prescription drug coverage

  • Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges Borrower will pay each Periodic Payment when due. Borrower will also pay any prepayment charges and late charges due under the Note, and any other amounts due under this Security Instrument. Payments due under the Note and this Security Instrument must be made in U.S. currency. If any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer’s check, or cashier’s check, provided any such check is drawn upon an institution whose deposits are insured by a U.S. federal agency, instrumentality, or entity; or (d) Electronic Fund Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 16. Lender may accept or return any Partial Payments in its sole discretion pursuant to Section 2. Any offset or claim that Borrower may have now or in the future against Lender will not relieve Borrower from making the full amount of all payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument.

  • Benefits – Prepayment or Repayment of Premiums During Unpaid Portion of Leave 11.4.1 Teachers may prepay or repay benefit premiums payable during the duration of parental leave. 11.4.2 Subject to the terms and conditions of the benefits insurance carrier policies, teachers on parental leave may make arrangements through the School Division to prepay one hundred (100) per cent of the benefit premiums for applicable benefits provided for in the existing collective agreement, for a period of up to eighteen (18) months. 11.4.3 Notwithstanding clause 11.3, subject to the terms and conditions of the benefits insurance carrier policies, upon request by the teacher, the School Division will continue paying the School Division portion of the benefit costs for a teacher on parental leave, for the remainder of the parental leave, up to eighteen (18) months, provided the teacher repays the School Division portion of the benefit premiums. 11.4.4 A teacher who commits to clause 11.4.3 is responsible to repay the amount of the School Division paid benefit premiums, and shall reimburse the School Division upon return from the leave, in a mutually agreeable, reasonable manner over the period of no more than eighteen (18) months following the teacher’s return to duty. 11.4.5 If a teacher fails to return to their teaching duties, the teacher shall be responsible to forthwith repay the School Division paid benefit premiums, and shall reimburse the School Division upon receipt of an invoice. 11.4.6 If a teacher has not fully repaid the cost of benefit premiums previously paid by the School Division under clause 11.4.3 the teacher is not eligible to reapply for additional consideration under clause 11.4.3.

  • Compensation; Payment of Fees and Expenses As compensation for the performance of the Administrator’s obligations under this Agreement, the Administrator shall be entitled to receive $2,500 annually, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

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