Payment arrears Sample Clauses

Payment arrears. We make a demonstrable effort to collect the contributions and administration costs. We will notify you and the participant if any payment arrears make it necessary to terminate the accrual of pension. Termination takes place by creating a paid-up policy. After a paid-up policy has been created, the net partner’s and orphan’s pension are no longer insured. The insurance for the waiver of contribution in the event of disability will then also be terminated. Creating a paid-up policy also means that no more investments for Investment Pension will be purchased, except in the case of profit-sharing from the ‘S Net Pension’ profit-sharing pool. Profit-sharing is explained in Section 5.1 ‘Profit-sharing on Investment Pension’ of the Aegon Cappital Net Pension Regulations. Pursuant to the Pensions Act (Pensioenwet), we may terminate the risk insurance policies in this way from three months after notification. Until that time, the risk covers are maintained. Paid-up policies can be created with retroactive effect no later than five months prior to the date of notification to the participant. If you do not pay the contributions and administration costs charged to you in full, we will not accept the payment for processing. In such case we will consult with you.
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Payment arrears. Any Client in arrears on all or part of the payments due shall incur, without the need for prior notice, annual late-payment interest equal to the legal interest rate, plus two (2) percentage points based on the day following the end of the payment period. Without prejudice to the foregoing, in the event of non-payment, and in compliance with the requirements set forth in Royal Decree 1720/2007, IBERDROLA may notify the credit reporting agencies of incidents of non-payment, after giving the Client notice, in accordance with Clause 12 below. Also, information related to incidences of non-payment that users have incurred shall be included in the Distributor’s Supply Point Information System, to which the Office for Switching Suppliers and marketing entities that request it may have access.
Payment arrears. 4.1 If the Customer fails to comply with the specified payment terms and conditions, or if it becomes insolvent, all our credit balances with it, irrespec- tive of the agreed payment deadlines, are due for payment and can be called in immediately by us. 4.2 If the Customer is in arrears with a payment, we shall be entitled to demand advance payment or security, to retain or discontinue our services and/or to withdraw in part of in full from the Agreement. 4.3 The Customer must reimburse us in full for the loss incurred. We shall also be entitled to cancel without notice all orders already confirmed to the Customer but not yet executed, or orders in the process of being executed.
Payment arrears. In the event that the Boat Owner is in arrears of any payment due to Yaringa, and until payments are brought up to date, licence fees will automatically become payable on a monthly basis at the then applicable monthly rate and a monthly accounting fee will apply.
Payment arrears. 11.1 If the lessee is in arrears of more than 7 days with payment of any sum that he is due to pay to the lessor according to this agreement, the lessee will pay the lessor on the sum that is in arrears, index linkage differentials and interest at a rate that Bank Hapoalim Ltd. applies at that time to index-linked loans with an addition of 10% per annum, calculated from the day the lessee was due to pay the sum that is in arrears until the day that he actually paid it. 11.2 The payment of the linkage differentials and interest or payment of the arrears, according to clause 11.2 above, will not derogate from the lessor's right to any other remedy determined in this agreement or in law that arises from a breach of the agreement through payment arrears. The receipt of said linkage differentials and interest will not be construed as a waiver by the lease of any other remedy as above.
Payment arrears. Developer, its Affiliates, and all Material Project Subcontractors is not currently in arrears in payment of Taxes, permit fees or other statutory, regulatory or judicially required payments to the City or to the State.
Payment arrears. Should there be any arrears in payments the student authorises Move (or the Agent) to debit the outstanding balance in order to bring the account up to date.
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Payment arrears. It is agreed between the parties that only the crediting of the Center's bank account in accordance with Appendix C, shall be regarded as punctual payment of the authorization fees. It is hereby clarified that receipt of a standing order and/or cheque and/or other means of payment shall not be regarded as payment on account of the authorization fees and only the actual and full redemption of each installment of the authorization fees shall constitute payment of the authorization fee for any given month under the provisions of this Contract.

Related to Payment arrears

  • Reimbursement Payments The Department shall, to the extent funds are available, reimburse the Grantee for eligible claims presented for payment if the Department determines the requirements for reimbursement have been met. Claims under this Contract can only be made for the period this Contract is in effect. Reimbursement programs include the following: 4.3.1. Title IV-E Federal Xxxxxx Care Program (Grant “E”). In accordance with the requirements detailed in the specific grant requirements, the Department shall reimburse the Grantee under Xxxxx E the maximum federal dollar share for the following: xxxxxx care maintenance claims for eligible juvenile probation children, dir ect administrative claims, and enhanced administrative claims. Upon review and approval of supporting documentation, the Department shall reimburse the Grantee as requests for reimbursement are presented for payment provided there is sufficient Title IV-E grant award authority against which to process presented claims and providing said funds are being reimbursed to the Department by Texas Department of Family and Protective Services (TDFPS) via the interagency agreement. To be eligible for reimbursement, all costs must be reasonable, allowable, and properly allocated for support of the xxxxxx care program. A direct or enhanced administrative claim is not eligible for reimbursement if the basis of the claim has funding from any other federal source. 4.3.2. JJAEP Program (Grant "P"). Grantees eligible for reimbursements under Xxxxx X shall receive a share of the initial $1,500,000 distribution based on each Grantee's share of the total juvenile population for each school year for the current contract period. Additional funds will be distributed at a rate not to exceed $96 per eligible student attendance day for students who are required to be expelled pursuant to Chapter 37 of the Texas Education Code and who meet the Targeted Grant requirements. The Grantee will not be able to receive the additional funds until the initial amount allocated is earned at the rate of $86 per eligible student attendance day. Payments to the Grantee by the Department shall be limited to no more than 180 days of operation during each regular school year for the current contract period.

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

  • Reimbursement Amount Except for the metropolitan areas listed below, the maximum reimbursement for meals including tax and gratuity, shall be: Breakfast $ 9.00 Lunch $11.00 Dinner $16.00 For the following metropolitan areas the maximum reimbursement shall be: Breakfast $11.00 Lunch $13.00 Dinner $20.00 The metropolitan areas are: Atlanta Boston Cleveland Denver Hartford Kansas City Miami New York City Portland, OR San Francisco St. Louis Baltimore Chicago Dallas/Fort Worth Detroit Houston Los Angeles New Orleans Philadelphia San Diego Seattle Washington D.C. See Appendix L for details related to the boundaries of the above-mentioned metropolitan areas. The metropolitan areas also include any location outside the forty-eight (48) contiguous United States. Employees who meet the eligibility requirements for two (2) or more consecutive meals shall be reimbursed for the actual costs of the meals up to the combined maximum reimbursement amount for the eligible meals.

  • Sharing of Reimbursement Obligation Payments Whenever the Agent receives a payment from the Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement Date.

  • Late Payment Fee Students will be assessed a late payment fee if acceptable payment arrangements are not made by the due date indicated on the statement. Acceptable payment arrangements include payment in full, pending financial aid, approved third-party billing (i.e. veterans) and an active and current payment plan with the Bursar’s Office.

  • Returned Payment Fee If your account is subject to a Returned Payment Fee, the fee will be charged to your account when a payment is returned for any reason.

  • Payment Amounts The aggregate Payments to be made in any fiscal year shall not exceed an amount that is equal to the corresponding Appropriated Amount. (For example, for the Payments due on December 1, 2022 and on June 1, 2023, the aggregate maximum amount of such Payments would be determined by the Appropriated Amount determined for certification by December 1, 2021.) Furthermore, the amount of each such Payment shall not exceed the amount of Incremental Property Tax Revenues (excluding allocations of “back-fill” or “make-up” (payments from the State of Iowa for property tax credits or roll-back) actually received by the City from the Dubuque County Treasurer attributable to the taxable incremental valuation of the Property in the six (6) months immediately preceding the extant Payment due date.

  • Payment Amount Payment for the Services shall be as follows: (choose one) ☐ - $______________________ for the Services (“Payment”). ☐ - At an hourly rate of $____ per hour (“Payment”). ☐ - Other. ______________________________________________ (“Payment”) If the Subcontractor asserts a claim which involves, in whole or in part, acts or omissions which are the responsibility of the Client or another person for whom a claim may be submitted, including but not limited to, claims for failure to pay, an extension of time, impacts, delay damages, or extra work, the Contractor shall present the Subcontractor's claim to the Client or other responsible party provided the Subcontractor presents to Contractor competent supporting evidence and in sufficient time for the Contractor to do so. The Subcontractor shall cooperate fully with the Contractor in any and all steps the Contractor takes in connection with prosecuting such a claim and shall hold harmless and reimburse the Contractor for all expenses, including legal expenses, incurred by the Contractor which arise out of the Contractor's submission of the Subcontractor's claims to the Client or other responsible party(ies). The Subcontractor shall be bound by any adjudication or award in any action or proceeding resolving such a claim.

  • CP Costs Payments On each Settlement Date, Seller shall pay to Agent (for the benefit of the Conduits) an aggregate amount equal to all accrued and unpaid CP Costs in respect of the outstanding Capital of each of the Conduits for the related Settlement Period in accordance with Article II.

  • Interest on Delinquent Payments Without waiving any other right or action available to Authority, in the event of default of Company's payment of Rents or other charges hereunder, and in the event Company is delinquent in paying to Authority any Rents or other charges for a period of five (5) days after the payment is due, Authority reserves the right to charge Company interest thereon from the date the Rents or other charges became due to the date of payment at one and one-half percent (1.5%) per month, to the maximum extent permitted by Applicable Law.

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