Preliminary Demand Sample Clauses
Preliminary Demand. 1.5.1 Notwithstanding that this Guarantee is the unconditional obligation of the Guarantor, before taking steps to enforce this Guarantee and demand payment from the GOB, the Company agrees to make demand in writing for payment from BPDB, as the case may be, with a copy of such demand delivered by the Company to the Guarantor. After thirty (30) Days from the date payment was due, the Company may notify the GOB in writing that payment from BPDB, is past due and make a demand for payment from the GOB under this Guarantee, and the GOB shall make payment within thirty (30) Days thereafter. Late payments hereunder shall bear interest at an annual rate equal to that established for late payment in the applicable agreement (the Power Purchase Agreement or the Implementation Agreement, as the case may be).
1.5.2 Except as provided in Section 1.5.1, the Company shall not be obliged before taking steps to enforce this Guarantee to exercise any other remedies that may be available to it under or in respect of the Power Purchase Agreement or the Implementation Agreement, as the case may be, or to initiate any proceedings or obtain judgment against BPDB thereon.
Preliminary Demand. 1.5.1 Notwithstanding that this Guarantee is the unconditional obligation of the Guarantor, before taking steps to enforce this Guarantee and demand payment from the Guarantor, the Company agrees to make demand in writing for payment from BPDB, with a copy of such demand delivered by the Company to the Guarantor. After thirty
Preliminary Demand. 2.5.1 Notwithstanding that this Guarantee is the unconditional obligation of the Guarantor, before taking steps to enforce this Guarantee and demand payment from the GOB, the Company agrees to make demand in writing for payment from BPDB, with a copy of such demand delivered by the Company to the Guarantor. After thirty (30) Days from the date payment was due, the Company may notify the GOB in writing that payment from BPDB, is past due and make a demand for payment from the GOB under this Guarantee, and the GOB shall make payment within thirty (30) Days thereafter. Late Payments hereunder shall bear interest at rate specified under Section 12.2(b).
2.5.2 Except as provided in Section 2.5.1, the Company shall not be obliged before taking steps to invoke this Guarantee to exercise any other remedies that may be available to it under or in respect of the Agreement or to initiate any proceedings or obtain judgment against BPDB thereon.
Preliminary Demand. Notwithstanding that this Guarantee is the unconditional obligation of the Guarantor, before taking steps to enforce this Guarantee and demand payment from the GOB, the Company agrees to make demand in writing for payment from BPDB, as the case may be, with a copy of such demand delivered by the Company to the Guarantor. After thirty (30) Days from the date payment was due, the Company may notify the GOB in writing that payment from BPDB, is past due and make a demand for payment from the GOB under this Guarantee, and the GOB shall make payment within thirty (30) Days thereafter. Late payments hereunder shall bear interest at an annual rate equal to that established for late payment in the applicable agreement (the Power Purchase Agreement or the Implementation Agreement, as the case may be).
Preliminary Demand. 1.5.1 Notwithstanding that this Guarantee is the unconditional obligation of the Guarantor, before taking steps to enforce this Guarantee and demand payment from the Guarantor, the Company agrees to make demand in writing for payment from BPDB, or the Lessor, as the case may be, with a copy of such demand delivered by the Company to the Guarantor. After thirty (30) Days from the date payment was due, the Company may notify the Guarantor in writing that payment from BPDB, or the Lessor, as the case may be, is past due and make a demand for payment from the Guarantor under this Guarantee, and the Guarantor shall make payment within thirty
Preliminary Demand. 1.5.1 Notwithstanding that this Guarantee is the unconditional obligation of the Guarantor, before taking steps to enforce this Guarantee and demand payment from the Guarantor, the Company agrees to notify the Guarantor of the non-payment by the Power Purchaser and make demand in writing for payment from the Power Purchaser. After thirty (30) days from the date notice of such non-payment was delivered to the Guarantor, the Company may notify the Guarantor in writing that payment from the Power Purchaser, continues to be past due, and make a demand for payment from the Guarantor under this Guarantee, and the Guarantor shall make payment within ten (10) Business Days following such demand for payment. Late payments hereunder shall bear ▇▇▇▇-up at an annual rate equal to the Delayed Payment Rate.
1.5.2 Except as provided in Section 1.5.1, the Company shall not be obliged before taking steps to enforce this Guarantee, to exercise any other remedies that may be available to it under or in respect of the Power Purchase Agreement, or to initiate any proceedings or obtain judgment against the Power Purchaser thereon.
Preliminary Demand. 1.5.1 Notwithstanding that this Guarantee is the unconditional obligation of the Guarantor, before taking steps to enforce this Guarantee and demand payment from the GOB, the Company agrees to make demand in writing for payment from BPDB, the Gas Supplier, the Lessor or PGCB, as the case may be, with a copy of such demand delivered by the Company to the Guarantor. After thirty (30) Days from the date payment was due, the Company may notify the GOB in writing that payment from BPDB, the Gas Supplier, the Lessor or PGCB, as the case may be, is past due and make a demand for payment from the GOB under this Guarantee, and the GOB shall make payment within thirty (30) Days thereafter. Late payments hereunder shall bear interest at an annual rate equal to that established for late payment in the applicable agreement (the Power Purchase Agreement, the Gas Supply Agreement, the Land Lease Agreement or the Implementation Agreement, as the case may be).
1.5.2 Except as provided in Section 1.5.1, the Company shall not be obliged before taking steps to enforce this Guarantee to exercise any other remedies that may be available to it under or in respect of the Power Purchase Agreement, the Land Lease Agreement, the Gas Supply Agreement or the Implementation Agreement, as the case may be, or to initiate any proceedings or obtain judgment against BPDB, the Lessor or the Gas Supplier thereon.