Payment Default Sample Clauses
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Payment Default. If Borrower fails to pay any of the Obligations within 3 days after their due date. During the additional period the failure to cure the default is not an Event of Default (but no Credit Extension will be made during the cure period);
Payment Default. Borrower fails to (a) make any payment of principal or interest on the Term Loan on its due date, or (b) pay any other Obligation within three (3) Business Days after such Obligation is due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof.
Payment Default. Borrower fails to make any payment when due under the Loan.
Payment Default. If Borrower fails to pay the principal of, or any interest on, any Advances when due and payable; or fails to pay any portion of any other Obligations not constituting such principal or interest, including without limitation Bank Expenses, within thirty (30) days of receipt by Borrower of an invoice for such other Obligations;
Payment Default. If overdue consideration, with the addition of late payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor may send a written notice to the Customer, stating that the Agreement will be terminated for breach, unless settlement has taken place within sixty (60) calendar days of receipt of such notice. Termination for breach may not take place if the Customer settles the overdue consideration, with the addition of late payment interest, by the expiry of the deadline.
Payment Default. Tenant’s failure to pay Rent within five days after Landlord has delivered written notice to Tenant that the same is due; however, an Event of Default shall occur hereunder without any obligation of Landlord to give any notice if Tenant fails to pay Rent when due and, during the 12 month interval preceding such failure, Landlord has given Tenant written notice of failure to pay Rent on one or more occasions;
Payment Default. (a) Except as provided in Section 9.4 (b), Owner, in addition to any other remedy it may have, may pursue all claims against CAISO and the Collateral, as defined in Section 9.7 below, if CAISO fails to pay any invoice in full by the Due Date as required under Section 9.3. CAISO, in addition to any other remedy it may have, may pursue all claims against Owner if Owner fails to pay any invoice in full by the Due Date as required under Section 9.3. The parties' remedies shall be subject to the limitations set forth in Article 11.
(b) If the amounts CAISO has not paid have been invoiced by CAISO to the Responsible Utility and the Responsible Utility has not paid such amounts to CAISO, Owner shall cause execution to issue against, and shall collect solely from the Collateral or the Responsible Utility, and not CAISO, if all of the following conditions have been satisfied:
(i) The Responsible Utility is [INSERT SCE, PGE or SDGE, as applicable]
(ii) CAISO has invoiced via the CAISO Invoice [INSERT SCE, PGE or SDGE, as applicable] for costs (net of any applicable credits, all as shown on the Revised Estimated or Revised Adjusted RMR Invoice) after deducting only amounts permitted to be deducted under Section 9.6.
(iii) The CAISO Tariff expressly requires [INSERT SCE, PGE or SDGE, as applicable] to pay all amounts shown on the CAISO Invoices without offset, recoupment or deduction (except to the extent that Section 41 of the CAISO Tariff permits deduction of amounts that are due the Responsible Utility after resolution of a dispute) and, to the extent that [INSERT SCE, PGE or SDGE, as applicable] disputes any amounts due under the CAISO Invoices, to pay the disputed amounts under protest and subject to refund with interest; and
(iv) [INSERT SCE, PGE or SDGE, as applicable] fails to pay all or a portion of the amounts due under the CAISO Invoices and did not have the right to have such amount deducted under Section 41 of the CAISO Tariff.
(c) Notwithstanding the provisions of Section 9.4 (b), Owner may cause execution to issue against, and collect from, CAISO, the Responsible Utility, the Collateral or insurance maintained by CAISO pursuant to Section 12.1(a), if notwithstanding the requirement to pay CAISO Invoices without offset, recoupment or deduction (except to the extent that Section 41 of the CAISO Tariff permits deduction of amounts that are due the Responsible Utility after resolution of a dispute), a Responsible Utility nonetheless offsets amounts unrelate...
Payment Default. If a Party fails on the Due Date to make payment as required pursuant to Clauses 12.1 and 12.2, interest shall accrue from day to day, after as well as before any judgement, on the unpaid amount, from the Due Date until the date of payment, at a rate equal to the Base Rate plus one per cent (1%).