Common use of Notice of Demand Clause in Contracts

Notice of Demand. Upon default in the performance of any of the obligations of the Company guaranteed hereunder, the State or its duly authorized attorney may give written notice to the Guarantor at its principle office in [insert jurisdiction] of the amount due, and the Guarantor, within a period of ten (10) Business Days, will make, or cause to be made, payment of such amount as notified, in Dollars, at such bank or other place in [insert jurisdiction] as the State shall designate and without set-off or reduction whatsoever of such payment in respect of any claim the Parent Company or the Company may then have or thereafter might have.

Appears in 7 contracts

Samples: Production Sharing Contract (Kosmos Energy Ltd.), Production Sharing Contract (Kosmos Energy Ltd.), Production Sharing Contract (Kosmos Energy Ltd.)

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Notice of Demand. Upon default in the performance of any of the obligations of the Company guaranteed hereunder, the State or its duly authorized attorney may give written notice to the Guarantor at its principle office in [insert jurisdictionINSERT JURISDICTION] of the amount due, and the Guarantor, within a period of ten (10) Business Daysbusiness days, will make, or cause to be made, payment of such amount as notified, in DollarsUnited States dollars, at such bank or other place in [insert jurisdictionjurisdiction ] as the State shall designate and without set-off or reduction whatsoever of such payment in respect of any claim the Parent Company or the Company may then have or thereafter might have.

Appears in 2 contracts

Samples: Production Sharing Contract (Kosmos Energy Ltd.), Production Sharing Contract

Notice of Demand. Upon default in the performance of any of the obligations of the Company guaranteed hereunder, the State or its duly authorized attorney may give written notice to the Guarantor at its principle office in [insert jurisdictionINSERT JURISDICTION] of the amount due, and the Guarantor, within a period of ten (10) Business Daysbusiness days, will make, or cause to be made, payment of such amount as notified, in DollarsUnited States dollars, at such bank or other place in [insert jurisdiction] as the State shall designate and without set-off or reduction whatsoever of such payment in respect of any claim the Parent Company or the Company may then have or thereafter might have.

Appears in 2 contracts

Samples: Production Sharing Contract, Production Sharing Contract (Kosmos Energy Ltd.)

Notice of Demand. Upon default in the performance of any of the obligations of the Company guaranteed hereunder, the State or its duly authorized attorney may give written notice to the Guarantor at its principle office in [insert jurisdictionINSERT JURISDICTION] of the amount due, and the Guarantor, within a period of ten (10IO) Business Daysbusiness days, will make, or cause to be made, payment of such amount as notified, in DollarsUnited States dollars, at such bank or other place in i n [insert jurisdiction] as the State shall designate and without set-off or reduction whatsoever of such payment in respect of any claim the Parent Company Guarantor or the Company may then have or thereafter might have.

Appears in 1 contract

Samples: Production Sharing Contract (Kosmos Energy Ltd.)

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Notice of Demand. Upon default in the performance of any of the obligations of the Company guaranteed hereunder, the State Government or its duly authorized attorney may give written notice to the Guarantor at its principle principal office in [insert jurisdiction] of the amount due, and the Guarantor, within a period of ten (10) Business Days, will make, or cause to be made, payment of such amount as notified, in Dollarsdollars, at such bank or other place in [insert jurisdiction] as the State Government shall designate and without set-off or reduction whatsoever of such payment in respect of any claim the Parent Company or the Company may then have or thereafter might have.

Appears in 1 contract

Samples: Petroleum Energy Concession Agreement

Notice of Demand. Upon default in the performance of any of the obligations of the Company guaranteed hereunder, the State or its duly authorized attorney may give written notice to the Guarantor at its principle office in [insert jurisdictionINSERT JURISDICTION] of the amount due, and the Guarantor, within a period of ten (10I0) Business Daysbusiness days, will make, or cause to be made, payment of such amount as notified, in DollarsUnited States dollars, at such bank or other place in [insert jurisdictionjurisdiction ] as the State shall designate and without set-off or reduction whatsoever of such payment in respect of any claim the Parent Company Guarantor or the Company may then have or thereafter might have.

Appears in 1 contract

Samples: Production Sharing Contract (Kosmos Energy Ltd.)

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