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.
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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 interests 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.
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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, VNDS 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.

  • 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.

  • 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.

  • Single Payments A single payment will be processed on the business day (generally Monday through Friday, except certain holidays) that you designate as the payment’s processing date, provided the payment is submitted prior to the daily cut-off time on that date. The daily cut-off time, which is controlled by the Bank, is currently 4:00 p.m.

  • 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.

  • Late Payment Fees (a) The Servicer shall not waive any part of any Late Payment Fee unless (i) the collection of any Late Payment Fee would violate any relevant law or regulation or (ii) the waiving of the Late Payment Fee would otherwise benefit the Trust Fund and it is expected that the waiver would maximize recovery of total proceeds, taking into account the value of the Late Payment Fee and related Mortgage Loan and doing so is standard and customary in servicing similar Mortgage Loans (including the waiver of a Late Payment Fee in connection with a refinancing of a Mortgage Loan that is related to a default or reasonably foreseeable default).

  • Premium Payment The Bank shall pay any premiums due on the Policy.

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