TERMINATION PAYMENT DEFAULT Sample Clauses
The 'Termination Payment Default' clause defines the consequences and procedures that apply when a party fails to make a required payment following the termination of an agreement. Typically, this clause outlines the timeframe within which the defaulting party must cure the missed payment and may specify additional remedies available to the non-defaulting party, such as interest charges or the right to pursue legal action. Its core function is to ensure that parties are incentivized to fulfill their payment obligations even after termination, thereby reducing financial risk and providing a clear process for addressing payment failures.
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TERMINATION PAYMENT DEFAULT. In the event that at any time undisputed Charges of 25% of the aggregate Charges for the Contract Year have been overdue for payment for a period of 60 days or more, the Authority will have committed a Termination Payment Default.
TERMINATION PAYMENT DEFAULT. In the event that at any time undisputed Charges of £[AMOUNT] have been overdue for payment for a period of [60] days or more, the Authority will have committed a Termination Payment Default.
TERMINATION PAYMENT DEFAULT. In the event that at any time undisputed Charges of £[AMOUNT] have been overdue for payment for a period of [60] days or more, the Authority will have committed a Termination Payment Default.
1. AUTHORISED REPRESENTATIVES
1.1 The Authority's initial Authorised Representative: [INSERT DETAILS]
1.2 The Supplier's initial Authorised Representative: [SUPPLIER TO INSERT DETAILS]
2. KEY PERSONNEL [SUPPLIER TO INSERT DETAILS]
TERMINATION PAYMENT DEFAULT. In the event that at any time undisputed Charges of £[AMOUNT] have been overdue for payment for a period of [60] days or more, the Authority will have committed a Termination Payment Default. Schedule 5 Contract management
TERMINATION PAYMENT DEFAULT. 6.1 In the event that at any time undisputed Service Charges have been overdue for payment for a period of 90 days or more, BL will have committed a Termination Payment Default. Schedule 5 Contract management 1 Authorised representatives
1.1 BL's initial Authorised Representative: ▇▇▇▇ ▇▇▇▇▇▇
1.2 The Supplier's initial Authorised Representative: ▇▇▇▇▇▇ ▇▇▇▇▇, Commercial Development Manager ▇▇▇▇ ▇▇▇▇▇▇ – Head of Community Safety, Tenancies and Regulatory Operations ▇▇▇▇▇ ▇▇▇▇▇▇▇ – Interim Head of Housing (Assets and Property) ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ – Lettings and Property Manager ▇▇▇▇▇ ▇▇▇▇▇▇▇ – Neighbourhood Manager ▇▇▇▇ ▇▇▇▇▇▇ – Resident Services Operations Manager ▇▇▇▇ ▇▇▇▇▇▇▇▇ – Ealing Repairs Service Manager
TERMINATION PAYMENT DEFAULT. In the event that at any time undisputed Charges of the equivalent of the value of 3 months invoices have been overdue for payment for a period of 60 days of more the Council will have committed a Termination Payment Default. TUPE: the Transfer of Undertakings (Protection of Employment) Regulations 2006 (SI 2006/246). Working Day: Monday to Friday, excluding any public holidays in England and Wales. Clause, schedule and paragraph headings shall not affect the interpretation of this agreement. A person includes a natural person, corporate or unincorporated body (whether or not having separate legal personality)[ and that person's legal and personal representatives, successors and permitted assigns]. The schedules form part of this agreement and shall have effect as if set out in full in the body of this agreement and any reference to this agreement includes the schedules. A reference to a company shall include any company, corporation or other body corporate, wherever and however incorporated or established. Words in the singular shall include the plural and vice versa. A reference to one gender shall include a reference to the other genders. A reference to a statute or statutory provision is a reference to it as it is in force for the time being, taking account of any amendment, extension, or re- enactment and includes any subordinate legislation for the time being in force made under it. A reference to writing or written includes faxes and e-mail. Any obligation in this agreement on a person not to do something includes an obligation not to agree or allow that thing to be done. A reference to a document is a reference to that document as varied or novated (in each case, other than in breach of the provisions of this agreement) at any time. References to clauses and schedules are to the clauses and schedules of this agreement; references to paragraphs are to paragraphs of the relevant schedule. Where there is any conflict or inconsistency between the provisions of the agreement, such conflict or inconsistency shall be resolved according to the following order of priority: the clauses of the agreement; Schedule 1 to this agreement; the remaining schedules to this agreement other than Schedule 3; Schedule 3 to this agreement.
TERMINATION PAYMENT DEFAULT. The total of all payments due and owing by Party A and Party A's wholly-owned subsidiary, Ambac Financial Products Inc. ("AFPI"), and AFSLP Credit Enhancer for more than three Business Days after notice of failure to make such payments in respect of (A) swap agreements between Party A or AFPI and other counterparties, and (B) the financial guaranty insurance policies issued by AFSLP Credit Enhancer with respect to such swap agreements, exceeds the aggregate of $10,000,000. An Event of Default under this Section 5(a)(ix) shall be an Event of Default with respect to Party A."
TERMINATION PAYMENT DEFAULT. In the event that at any time undisputed Charges of £3000 have been overdue for payment for a period of 90 days or more, the HFEA will have committed a Termination Payment Default. Schedule 5 Contract management
1. AUTHORISED REPRESENTATIVES
1.1 The HFEA's initial Authorised Representative: ▇▇▇▇▇▇ ▇▇▇▇▇▇, Donor Information Manager Tel: ▇▇▇▇ ▇▇▇ ▇▇▇▇ Email: ▇▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇
1.2 The HFEA’s Chief Information Officer Address: Human Fertilisation and Embryology Authority, ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇ Tel: ▇▇▇ ▇▇▇▇ ▇▇▇▇ Email: ▇▇▇.▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇
2. The Supplier's initial Authorised Representative:
2.1 Name and Position Address: Tel: Email
2.2 The HFEA’s initial Key Personnel are: Address: Human Fertilisation and Embryology Authority, ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, Donor Information Manager Address: Human Fertilisation and Embryology Authority, ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇ Tel: ▇▇▇▇ ▇▇▇ ▇▇▇▇ Email: ▇▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇
2.3 The Supplier’s Key Personnel are: Address: Tel: E-mail:
TERMINATION PAYMENT DEFAULT. The total of all payments due and owing by Party A, AMBAC Financial Products Inc. (a wholly-owned subsidiary of Party A and referred to herein as “AFPI”) and the AFS Credit Enhancer for more than three Local Business Days after notice of failure to make such payments in respect of (A) swap agreements between Party A or AFPI and other counterparties and (B) financial guarantee insurance policies issued by Ambac Assurance Corporation with respect to such swap agreements, exceeds $10,000,000; or
TERMINATION PAYMENT DEFAULT. 13.1. If at any time undisputed Charges for three calendar months in any Agreement Year have been overdue for payment for a period of 60 days or more, NIoT will have committed a Termination Payment Default.
13.2. The Provider may terminate this agreement in the event that NIoT commits a Termination Payment Default by giving 60 days’ written notice to NIoT. If NIoT remedies the Termination Payment Default in the 60-day notice period, the Provider’s notice to terminate this agreement shall be deemed to have been withdrawn.