Payment of Bond Sample Clauses

Payment of Bond. (1) The Purchaser must pay the Vendor the Bond at Completion, in accordance with Clause 5.1.4 (2) The Vendor may apply the Bond: (a) to remedy Purchaser defaults under Part 6; and (b) to compensate the Vendor for Expense the Vendor incurs directly or indirectly through any such defaults.
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Payment of Bond. On execution hereof the Lessee shall as security for the due performance and observance of the covenants herein contained on its part pay to the Lessor a “Performance Bond” of the sum equal to 1 month rent. The bond shall be retained free of interest by the Lessor until the expiry of the term hereby granted when it shall be refunded Provided nevertheless that in the event the Lessor suffering loss by reason of default by the Lessee to observe the covenants herein on its part then the amount of such loss shall be deducted from the Bond and retained by the Lessor and the balance sum [if any] refunded to the Lessee on vacating the demised premises.
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Payment of Bond. Issuer shall promptly pay the principal of, and interest and premium, if any, on the Bond in lawful money of the United States of America, in such amounts and on such dates as described in this Agreement and the Bond, without presentation or surrender. Issuer shall pay the Owner a charge on any delinquent payments in an amount sufficient to cover all additional costs and expenses incurred by Lender from such delinquent payment. In addition, Issuer shall pay a late charge of five percent (5.00%) on all delinquent payments of principal of and interest and premium, if any, on the Bond, and interest on said delinquent amounts from the date such amounts were due until paid at the rate of nine percent (9.00%) per annum or the maximum amount permitted by law, whichever is less.
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Payment of Bond. The Customer shall pay the Bond to Panuku on the date specified in the Berth Rental Agreement, or if no such date has been entered, on the Commencement Date. The method of payment of the Bond will be at Xxxxxx’s sole discretion. The Bond will be held by Panuku in its bond holding account. Any interest earned will be for the credit of Xxxxxx.
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Payment of Bond. Issuer shall promptly pay the principal of, and interest and premium, if any, on the Bond, exclusively from legally available funds, in lawful money of the United States of America, in such amounts and on such dates as described in this Agreement and the Bond. Issuer and Purchaser acknowledge and agree that Paying Agent shall serve as Registrar of the Bond and that Issuer shall direct the Paying Agent to make payments directly to Bank as assignee of Purchaser. Paying Agent shall credit the account of Issuer for payments made on its books and records and shall make same available for Issuer or Purchaser, or its successors or assigns, upon the reasonable request thereof. Issuer shall pay a charge on any delinquent payments in an amount sufficient to cover all additional costs and expenses incurred by Bank due to such delinquent payment. In addition, Issuer shall pay a late charge of five cents per dollar or the highest amount permitted by applicable law, whichever is lower, on all delinquent payments of principal of and interest and premium, if any, on the Bond, from the date such amounts were due until paid at the Default Rate as described in Section 6.2.
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Payment of Bond. The User must pay the Bond before the Commencement Date or any other date specified by LDC.‌
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Payment of Bond. The Customer shall pay the Bond to Eke Panuku on the date specified in the Berth Rental Agreement, or if no such date has been entered, on the Commencement Date. The method of payment of the Bond will be at Eke Panuku’s sole discretion. The Bond will be held by Eke Panuku in its bond holding account. Any interest earned will be for the credit of Xxx Xxxxxx.
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Related to Payment of Bond

  • Payment of Note Mortgagor will pay all principal, interest, and other sums payable under the Note, on the date when such payments are due, without notice or demand.

  • Payment of Bills Except as otherwise indicated herein or on the Service Order(s), Comcast will invoice Customer in advance on a monthly basis for all monthly recurring Service charges and fees arising under the Agreement. All other charges will be billed monthly in arrears. Customer shall make payment to Comcast for all invoiced amounts within thirty (30) days after the date of the invoice. Any amounts not paid to Comcast within such period will be considered past due. If a Service Commencement Date is not the first day of a billing period, Xxxxxxxx’s next monthly invoice shall include a prorated charge for the Services, from the date of installation to the first day of the new billing. In certain cases, Comcast may agree to provide billing services on behalf of third parties, as the agent of the third party. Any such third-party charges shall be payable pursuant to any contract or other arrangement between Customer and the third party. Comcast shall not be responsible for any dispute regarding these charges between Xxxxxxxx and such third party. Customer must address all such disputes directly with the third party.

  • Payment of Notes 45 Section 4.02 Maintenance of Office or Agency................................................................ 45 Section 4.03 Reports........................................................................................ 45 Section 4.04

  • Payment of GST Payment of the additional amount will be made at the same time as payment for the supply is required to be made under this Contract.

  • Payment of Base Rent Tenant agrees to pay the Base Rent for the Premises. Monthly Installments of Base Rent shall be payable in advance on the first day of each calendar month of the Term. If the Term begins (or ends) on other than the first (or last) day of a calendar month, the Base Rent for the partial month shall be prorated on a per diem basis. Tenant shall pay Landlord the first Monthly Installment of Base Rent when Tenant executes the Lease.

  • Payment of Benefit The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 years.

  • Replacement of Note 2.1 In the event that this Note is mutilated, destroyed, lost or stolen, Payor shall, at its sole expense, execute, register and deliver a new Note, in exchange and substitution for this Note, if mutilated, or in lieu of and substitution for this Note, if destroyed, lost or stolen. In the case of destruction, loss or theft, Payee shall furnish to Payor indemnity reasonably satisfactory to Payor, and in any such case, and in the case of mutilation, Payee shall also furnish to Payor evidence to its reasonable satisfaction of the mutilation, destruction, loss or theft of this Note and of the ownership thereof. Any replacement Note so issued shall be in the same outstanding principal amount as this Note and dated the date to which interest shall have been paid on this Note or, if no interest shall have yet been paid, dated the date of this Note. 2.2 Every Note issued pursuant to the provisions of Section 2.1 above in substitution for this Note shall constitute an additional contractual obligation of the Payor, whether or not this Note shall be found at any time or be enforceable by anyone.

  • Effect of Non-Payment 51.22.1 If the billed Party does not pay all undisputed charges by the Bill Due Date, the billing Party may discontinue processing orders for services provided under this Agreement and may invoke the Default provisions of Section 6.6 on or after the tenth (10th) Day following the Bill Due Date provided the billing Party notifies the other Party in writing, via email or certified mail, at least five (5) Days prior to discontinuing the processing of orders. If the billing Party continues to accept additional orders for service(s) after the date specified in such notice, and the billed Party’s non-compliance continues, nothing contained herein shall preclude the billing Party from refusing to accept any or all additional orders for service(s) from the non-complying Party without further notice. For order processing to resume, the billed Party will be required to make full payment of all past and current undisputed charges under this Agreement. Additionally, the billing Party may require a deposit or assurance of payment

  • Payment of normal interest Subject to the provisions of this Agreement, interest on the Loan in respect of each Interest Period shall be paid by the Borrower on the last day of that Interest Period.

  • Payment of Benefits All or part of the contract benefits may be paid under one or more of the following: - a variable payment plan; - a fixed payment plan; or - in cash. The provisions and rate for variable and fixed payment plans are described in Section 11. Contract benefits may not be placed under a payment plan unless the plan would provide to each beneficiary a monthly income the initial amount of which is at least the minimum payment amount shown on page 4. A Withdrawal Charge will be deducted from contract benefits before their payment under certain conditions described in Section 7.3.

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