PROVISIONS REGARDING PAYMENT OF DEBT AND EVENTS OF DEFAULT Sample Clauses

PROVISIONS REGARDING PAYMENT OF DEBT AND EVENTS OF DEFAULT. 19.16.1. The Member and/or Supplementary Card Holder is obliged to pay the total debt amount notified to him with the account statement or the minimum payment amount (the minimum payment amount may not be less than 20% of debt for the period as specified in the account statement. The Bank may increase minimum payment amount by notifying it in writing, in the account statement, by electronic means or by other effective means.) in cash and in full until the due date specified in the relevant account statement. The Member deposits the total debt amount or minimum payment amount specified in the account statement until the due date to the Credit Card account, or makes it available in his private current account to which the Credit Card is combined until the ed of the working hours on the due date. The Member and/or Supplementary Card Holder agrees, declares and undertakes that in case the balance of the private current account to which the Credit Card is combined is not sufficient to cover the payment amount, he has placed, by having received the Credit Card, a Super Internal Money Order Instruction to the Bank which instructs the Bank to inquire his other current or participation accounts in TL or in foreign currencies held at the Bank’s head office and branches and to collect his debt from such accounts, and that the Super Internal Money Order Instruction shall be applicable for all accounts owned by the Member and/or Supplementary Card Holder at the Bank; that all the responsibility arising from the execution of the Super Internal Money Order Instruction shall rest with the Member, and it is not possible to refrain from the transactions performed accordingly, and he shall not be entitled to raise any objections and claims against he Bank in that respect.
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Related to PROVISIONS REGARDING PAYMENT OF DEBT AND EVENTS OF DEFAULT

  • Events of Default Defined The following shall each constitute an "Event of Default" hereunder:

  • Train Operator Events of Default The following are Train Operator Events of Default:

  • Consequences of Events of Default and Corrective Action If an Event of Default occurs, the Province may, at any time, take one or more of the following actions:

  • Events of Default Any of the following shall constitute an Event of Default:

  • Notice of Events of Default The Issuer shall give a Responsible Officer of the Indenture Trustee and each Rating Agency prompt written notice of each Event of Default hereunder and each default on the part of the Servicer or the Seller of its obligations under the Sale and Servicing Agreement.

  • Events of Default and Remedies Section 8.01

  • EVENTS OF DEFAULTS AND CONSEQUENCES 9.1 Subject to the Force Majeure clause, the Promoter shall be considered under a condition of Default, in the following events:

  • Events of Default Remedies If any of the following events (“Events of Default”) shall occur:

  • Event of Default Under Any Trust Indenture; Amendments to Any Trust Indenture; Waiver In the event that, as to any MBS, there shall be a Default Under the Trust Indenture or an Event of Default Under the Trust Indenture, the Holders of the Certificates of the related Classes may, in the event that the Trustee shall not take any such action on their behalf, give such notice and take such action as certificateholders under such Trust Indenture shall be permitted to take in respect thereof. For purposes of any Trust Indenture pursuant to which any such action shall be taken or notice given, the holders of the fractional undivided interest in the related trust fund represented by the MBS shall be considered to have approved any such action or given any such notice in an amount which is equal to such fractional undivided interest multiplied by a percentage equal to that percentage obtained by dividing the aggregate of the Certificate Balances of all such Certificates the Holders of which have taken such action or given such notice as permitted hereby by the aggregate of the related Class Balances. In the event that Xxxxxx Xxx shall desire to amend any Trust Indenture pursuant to Section 11.02 (or any similar provision) thereof, under circumstances requiring the vote of certificateholders thereunder, the Trustee may not vote the related MBS on behalf of Holders of the related Certificates except upon the direction to do so from the Holders of the Certificates of the related Classes having Certificate Balances aggregating not less than 51% of the aggregate of the related Class Balances. Similar direction shall be required in order for the Trustee to waive compliance with any provision of a Trust Indenture where the vote of certificateholders is required pursuant to Section 11.02 (or any similar provision) thereof.

  • DEFAULT PROVISIONS In addition to any Default arising under Section 20.1 above, each of the following shall constitute a Default: (a) if Tenant fails to pay Rent or any other payment when due hereunder within ten (10) days after written notice from Landlord of such failure to pay on the due date; provided, however, that if in any consecutive 12 month period, Tenant shall, on two (2) separate occasions, fail to pay any installment of Rent on the date such installment of Rent is due, then, on the third such occasion and on each occasion thereafter on which Tenant shall fail to pay an installment of Rent on the date such installment of Rent is due, Landlord shall be relieved from any obligation to provide notice to Tenant, and Tenant shall then no longer have a ten (10) day period in which to cure any such failure; (b) except as is otherwise provided below in this Section 20.2, if Tenant fails, whether by action or inaction, to timely comply with, or satisfy, any or all of the obligations imposed on Tenant under this Lease (other than the obligation to pay Rent) for a period of 30 days after Landlord’s delivery to Tenant of written notice of such default under this Section 20.2(b); provided, however, that if the default cannot, by its nature, be cured within such 30 day period, but Tenant commences and diligently pursues a cure of such default promptly within the initial 30 day cure period, then, as long as Tenant continues to diligently pursue such a cure to completion, Landlord shall not exercise its remedies under Section 21 unless such default remains uncured for more than 270 days after the initial delivery of Landlord’s original default notice and same shall not be deemed to be a “Default” for purposes of this Lease; (c) the occurrence of a default under any or all of the leases scheduled on Exhibit D (“Other Leases”), which default under one or more of the Other Leases is not cured on a timely basis, pursuant to the terms of the applicable Other Lease(s) (“Other Lease Default”); upon the occurrence of an Other Lease Default, there shall be no notice required to be delivered hereunder, nor shall any cure period be available to Tenant hereunder; rather, the occurrence of an Other Lease Default shall immediately constitute a Default under this Lease; and (d) Guarantor defaults under any or all of its obligations under that certain Guaranty of Lease, dated of even date herewith (the “Guaranty”), and fails to cure same within the time period, if any, provided in the Guaranty (each, a “Guaranty Default”); upon the occurrence of any Guaranty Default, there shall be no notice required to be delivered hereunder, nor shall any cure period be available to Tenant hereunder, but rather the occurrence of a Guaranty Default shall immediately constitute a Default under this Lease.

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