Suspension of Payment Obligation Sample Clauses

Suspension of Payment Obligation. If litigation is commenced by anyone challenging CEQA compliance for, or the validity of, any Monterey Amendment (or any portion thereof), including matters pertaining to the Xxxx Fan Element Transaction, the monetary obligations of DWR under Section VI(B)(3) shall be suspended until the date that is forty-five (45) days after conclusion of such litigation (without further right of appeal) in a manner that does not invalidate any Monterey Amendment (or any portion thereof) or the Xxxx Fan Element Transaction. Within thirty (30) days after final conclusion of any such litigation in said manner, DWR shall pay to Plaintiffs any amounts then owing under this Section VI.
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Suspension of Payment Obligation. 19.2.1. If you have a bona fide complaint or dispute about a Charge; and
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Suspension of Payment Obligation. 11 4.4.1 Obligation to Make Payment.......................11 4.4.2 Suspension of Payment Obligation.................12
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Suspension of Payment Obligation. Minnesota Power's obligation to pay charges under Section 4.1 shall be suspended only in the event that Square Butte fails to deliver any Energy or Alternate Energy whatsoever to any Delivery Point for a period of twelve (12) consecutive Months. Such suspension, if any, shall begin at 12:01 a.m. CPT of the first (1st) day of the Month following such twelve (12) Month period, and shall continue until such time as Square Butte shall resume the delivery to Minnesota Power of any Energy or any Alternate Energy at any Delivery Point; provided, however, that such suspension shall not relieve Minnesota Power of its obligation to make payment of the Monthly Charges for Capacity and Energy incurred prior to the commencement of such suspension.
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Suspension of Payment Obligation. If Octel shall fail to timely perform any of the Services, Great Lakes may withhold or cease payment of the charges, fees or costs it has agreed to pay under the provisions of this Agreement for such Services and continue to do so until full performance of such Services shall have been rendered.
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Suspension of Payment Obligation. Notwithstanding anything in this Agreement to the contrary, if the Company’s payment of any amount owed to the Employee pursuant to this Agreement would cause the Company to be in default, or would constitute a default, with the passage of time, the giving of notice or otherwise, under any loan or credit agreement or arrangement of the Company, the Company’s obligation to pay such amount shall be suspended until such time in the future as the Company is able to pay such amount without causing a default so long as such suspension of payment complies with the applicable provisions of Section 409A of the Internal Revenue Code of 1986, as amended.
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Related to Suspension of Payment Obligation

  • Repayment Obligation In the event that any State and/or federal funds are deferred and/or disallowed as a result of any audits or expended in violation of the laws applicable to the expenditure of such funds, the Contractor shall be liable to the Agency for the full amount of any claim disallowed and for all related penalties incurred. The requirements of this paragraph shall apply to the Contractor as well as any subcontractors.

  • Payment Obligations Absolute The Company’s obligation during and after the Employment Period to pay the Executive the amounts and to make the benefit and other arrangements provided herein shall be absolute and unconditional and shall not be affected by any circumstances, including, without limitation, any setoff, counterclaim, recoupment, defense or other right which the Company may have against him or anyone else. Except as provided in Section 15, all amounts payable by the Company hereunder shall be paid without notice or demand. Each and every payment made hereunder by the Company shall be final, and the Company will not seek to recover all or any part of such payment from the Executive, or from whomsoever may be entitled thereto, for any reason whatsoever.

  • Payment Obligation of Lenders Each Lender severally agrees to pay to the Agent on demand in immediately available funds in Dollars the amount of such Lender’s Commitment Percentage of each drawing paid by the Agent under each Letter of Credit to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.3.(d); provided, however, that in respect of any drawing under any Letter of Credit, the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participation, shall not exceed such Lender’s Commitment Percentage of such drawing. If the notice referenced in the second sentence of Section 2.3.(e) is received by a Lender not later than 11:00 a.m., then such Lender shall make such payment available to the Agent not later than 2:00 p.m. on the date of demand therefor; otherwise, such payment shall be made available to the Agent not later than 1:00 p.m. on the next succeeding Business Day. Each such Lender’s obligation to make such payments to the Agent under this subsection, and the Agent’s right to receive the same, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the Borrower or any other Loan Party, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 11.1.(f) or 11.1.(g) or (iv) the termination of the Commitments. Each such payment to the Agent shall be made without any offset, abatement, withholding or deduction whatsoever.

  • Facility of Payment If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

  • The Companys Payment Obligation The Company’s obligation to make the payments and the arrangements provided for herein will be absolute and unconditional, and will not be affected by any circumstances, including, without limitation, any offset, counterclaim, recoupment, defense, or other right which the Company may have against the Executive or anyone else. All amounts payable by the Company hereunder will be paid without notice or demand. Each and every payment made hereunder by the Company will be final, and the Company will not seek to recover all or any part of such payment from the Executive or from whomsoever may be entitled thereto, for any reasons whatsoever. The Executive will not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and the obtaining of any such other employment will in no event effect any reduction of the Company’s obligations to make the payments and arrangements required to be made under this Agreement, except to the extent provided in Sections 3.3(e) and (f) herein. Notwithstanding anything in this Agreement to the contrary, if Severance Benefits are paid under this Agreement, no severance benefits under any program of the Company, other than benefits described in this Agreement, will be paid to the Executive.

  • Payment Obligation (a) The Subscriber shall bear the obligation to pay the Service Fee to SORACOM from the day when SORACOM starts to provide the Subscriber with the telecommunication channel pursuant to this Agreement.

  • Payment obligations continue No Debtor shall be released from the liability to make any Payment (including of default interest, which shall continue to accrue) under any Debt Document by the operation of Clauses 8.1 (

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