Overdue account Sample Clauses

Overdue account. In the event (i) the account sent by Videotron to the customer falls overdue or (ii) the customer fails to comply with the provisions of this agreement, Videotron may refuse to provide the customer with any additional Service or support Service pending complete payment of the overdue account and interrupt the Services in accordance with the provisions of subsection 11.7 of this agreement.
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Overdue account. In the event that (i) the account sent by VIDEOTRON to the Customer falls overdue or (ii) the Customer fails to comply with the provisions of this Agreement, VIDEOTRON may refuse to provide the Customer with any additional Service pending complete payment of the overdue account and interrupt the Services in accordance with the provisions of paragraph 3g) of this Agreement. During such an interruption of Services, access to the Customer’s Website will be interrupted and the site will be “archived” for a maximum period of thirty (30) days (the “Archiving Period”). If the invoice is not settled before the end of the Archiving Period, the site will be deleted from the archives. VIDEOTRON may not be held liable for any error, loss of information or any other incident that may occur during the Archiving Period or after the site has been deleted. The deleted sites will be archived for a maximum period of seven (7) days before being permanently eliminated. The recovery of an archived Website during the seven (7) day access period will be at VIDEOTRON’s sole discretion, at the time it will see fit, provided that this is commercially reasonable. Additional charges might have to be paid by the Customer. As long as the account is not settled, an error message or another message will be displayed on the screen of any users attempting to consult an archived Website. This message, which will be of a technical nature (e.g., error, Website temporarily unavailable) and will not contain any explanation on the reason of its display.
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Overdue account. In the event (i) the account sent by Vidéotron to the Customer falls overdue or (ii) the Customer fails to comply with the provisions of this agreement, Vidéotron may refuse to provide the Customer with any additional Service, Installation Service or Technical Support Service pending complete payment of the overdue account and interrupt the Services in accordance with the provisions of section 11 hereof.
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Overdue account. The Subtenant shall pay to the Tenant interest of two percent (2%) per month on overdue accounts, in addition to any other remedy the Tenant may have at law.
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Overdue account. The Tenant shall pay to the Owner interest of two percent (2%) per month on overdue accounts, in addition to any other remedy the Tenant may have at law.
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Overdue account. When a debt to which this contract relates has not been paid at the date, in the currency and in the place specified in the sales contract.
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Overdue account. At FRO's option, interest may be charged at the rate of ***************************** on any overdue payment, unless such rate contravenes local law in which case the interest charged will be the maximum allowed by law. Operating, production or well conditions which prevent satisfactory operation of Equipment, Services or Products do not relieve AOL of its payment responsibility.
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Related to Overdue account

  • Collection Account (a) On behalf of the Trustee, the Servicer shall establish and maintain, or cause to be established and maintained, one or more segregated Eligible Accounts (such account or accounts, the “Collection Account”), held in trust for the benefit of the Trustee. On behalf of the Trustee, the Servicer shall deposit or cause to be deposited in the clearing account (which account must be an Eligible Account) in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than one Business Day after the Servicer’s receipt thereof, and shall thereafter deposit into the Collection Account, in no event more than two Business Days after the deposit of such funds into the clearing account, as and when received or as otherwise required hereunder, the following payments and collections received or made by it subsequent to the Cut-off Date (other than in respect of principal or interest on the related Mortgage Loans due on or before the Cut-off Date), or payments (other than Principal Prepayments) received by it on or prior to the Cut-off Date but allocable to a Due Period subsequent thereto: (i) all payments on account of principal, including Principal Prepayments, on the Mortgage Loans; (ii) all payments on account of interest (net of the related Servicing Fee) on each Mortgage Loan; (iii) all Insurance Proceeds and Condemnation Proceeds to the extent such Insurance Proceeds and Condemnation Proceeds are not to be applied to the restoration of the related Mortgaged Property or released to the related Mortgagor in accordance with the express requirements of law or in accordance with Accepted Servicing Practices, Liquidation Proceeds and Subsequent Recoveries; (iv) any amounts required to be deposited pursuant to Section 3.12 in connection with any losses realized on Permitted Investments with respect to funds held in the Collection Account; (v) any amounts required to be deposited by the Servicer pursuant to the second paragraph of Section 3.13(a) in respect of any blanket policy deductibles; (vi) all proceeds of any Mortgage Loan repurchased or purchased in accordance with this Agreement; and (vii) all Prepayment Charges collected by the Servicer. The foregoing requirements for deposit in the Collection Account shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments in the nature of late payment charges, NSF fees, reconveyance fees, assumption fees and other similar fees and charges need not be deposited by the Servicer in the Collection Account and shall, upon collection, belong to the Servicer as additional compensation for its servicing activities. In the event the Servicer shall deposit in the Collection Account any amount not required to be deposited therein, it may at any time withdraw such amount from the Collection Account, any provision herein to the contrary notwithstanding. (b) Funds in the Collection Account may be invested in Permitted Investments in accordance with the provisions set forth in Section 3.12. The Servicer shall give notice to the Securities Administrator, the Master Servicer, the Trustee and the Depositor of the location of the Collection Account maintained by it when established and prior to any change thereof.

  • Reserve Account (i) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent for the benefit of the Noteholders. (ii) The Seller may, from time to time after the date hereof, request each Rating Agency to approve a formula for determining the Specified Reserve Balance that is different from the formula set forth herein, which may result in a decrease in the amount of the Specified Reserve Balance or change the manner by which the Reserve Account is funded. Notwithstanding any other provision of this Agreement, if each Rating Agency then rating the Notes notifies the Seller (who shall send such notification to the Trust Collateral Agent) in writing that the use of any such new formula, and any decrease in the amount of the Specified Reserve Balance or change in the manner by which the Reserve Account is funded, will not result in the qualification, reduction or withdrawal of its then current rating of the Notes then the Specified Reserve Balance will be determined in accordance with such new formula and this Agreement will be amended to reflect such new formula without the consent of any Noteholder. (iii) On each Distribution Date, the Servicer shall instruct the Trust Collateral Agent (based on the information contained in the Servicer’s Certificate delivered on the related Determination Date) (A) if the amount on deposit in the Reserve Account (without taking into account any amount on deposit in the Reserve Account representing net investment earnings) is less than the Specified Reserve Balance, in which case the Trust Collateral Agent shall, after payment of any amounts required to be distributed pursuant to clauses (i) through (xviii) of Section 5.7(a) deposit in the Reserve Account the Reserve Account Deposit Amount pursuant to Section 5.7(a)(xix), and (B) if the amount on deposit in the Reserve Account, after giving effect to all other deposits thereto and withdrawals therefrom to be made on such Distribution Date is greater than the Specified Reserve Balance, in which case the Trust Collateral Agent shall distribute the amount of such excess as part of Available Funds on such Distribution Date. (b) On each Distribution Date, the Servicer shall instruct the Trust Collateral Agent (based on the information contained in the Servicer’s Certificate delivered on the related Determination Date) to withdraw the Reserve Account Withdrawal Amount from the Reserve Account and deposit such amounts in the Collection Account to be included as Total Available Funds for that Distribution Date. (c) Amounts properly transferred to the Certificate Distribution Account for payment to the Certificateholder pursuant to this Agreement shall not be available to the Trust Collateral Agent or the Trust for the purpose of making deposits to the Reserve Account, or making payments to the Noteholders, nor shall the Certificateholder be required to refund any amount properly received by them.

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