TERMINATION PAYMENT DEFAULT Sample Clauses

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 4 Contract Management
Sample 1Sample 2Sample 3See All (10)
AutoNDA by SimpleDocs
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.
Sample 1Sample 2Sample 3See All (10)
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. Contract management Authorised representatives The Authority's initial Authorised Representative: [INSERT DETAILS] Name: [insert name] Title: [insert title] Contact Details: [insert] The Provider's initial Authorised Representative: [INSERT DETAILS] Name: [insert name] Title: [insert title] Contact Details: [insert] Key personnel [INSERT DETAILS] Meetings Type Quorum Frequency Agenda Reports Type Contents Frequency Circulation list Change control General principles Where the Authority or the Provider sees a need to change this agreement, the Authority may at any time request, and the Provider may at any time recommend, such Change only in accordance with the Change Control Procedure set out in paragraph 13 of this Schedule 7. Until such time as a Change is made in accordance with the Change Control Procedure, the Authority and the Provider shall, unless otherwise agreed in writing, continue to perform this agreement in compliance with its terms before such Change. Any discussions which may take place between the Authority and the Provider in connection with a request or recommendation before the authorisation of a resultant Change shall be without prejudice to the rights of either party. Any work undertaken by the Provider and the Provider's Personnel which has not been authorised in advance by a Change, and which has not been otherwise agreed in accordance with the provisions of this Schedule 7, shall be undertaken entirely at the expense and liability of the Provider. Procedure Discussion between the Authority and the Provider concerning a Change shall result in any one of the following: no further action being taken; or a request to change this agreement by the Authority; or a recommendation to change this agreement by the Provider. Where a written request for an amendment is received from the Authority, the Provider shall, unless otherwise agreed, submit two copies of a Change Control Note signed by the Provider to the Authority within three weeks of the date of the request. A recommendation to amend this agreement by the Provider shall be submitted directly to the Authority in the form of two copies of a Change Control Note signed by the Provider at the time of such recommendation. The Authority shall give its response to the Change Control Note within three week...
Sample 1Sample 2
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
Sample 1
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.
Sample 1
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."
Sample 1
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
Sample 1
AutoNDA by SimpleDocs
TERMINATION PAYMENT DEFAULT. In the event that at any time undisputed Charges have been overdue for payment to the Supplier for a period of 60 days or more, the Authority will have committed a Termination Payment Default.
Sample 1
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
Sample 1

Related to TERMINATION PAYMENT DEFAULT

  • Payment Default Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);

  • Termination Upon Event of Default If Foothill terminates this Agreement upon the occurrence of an Event of Default, in view of the impracticability and extreme difficulty of ascertaining actual damages and by mutual agreement of the parties as to a reasonable calculation of Foothill's lost profits as a result thereof, Borrower shall pay to Foothill upon the effective date of such termination, a premium in an amount equal to the Early Termination Premium. The Early Termination Premium shall be presumed to be the amount of damages sustained by Foothill as the result of the early termination and Borrower agrees that it is reasonable under the circumstances currently existing. The Early Termination Premium provided for in this Section 3.7 shall be deemed included in the Obligations.

  • Default Termination a. In the event that the Property has been sold contrary to or any person bids in contravention of the provisions in Clause 4 above, then such sale shall be cancelled and become null and void and of no further effect wherein all monies paid by the Purchaser hitherto including the Deposit shall be forfeited absolutely and immediately.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!