Termination Payment Notice Clause Samples
Termination Payment Notice. In the event that a Non-Defaulting Party elects to require payment of the Termination Payment as provided in Section 9 herein, then, the Non-Defaulting Party will notify the Defaulting Party of the amount due and outstanding under this Agreement. The Defaulting Party shall pay the Termination Payment within sixty days after the Early Termination Date. Payments not made within 60-day period shall accrue interest at the Interest Rate.
Termination Payment Notice. If the Non-Defaulting Party elects to require payment of the Termination Payment as provided in Section 6.2.3, then, the Non- Defaulting Party will notify the Defaulting Party of the amount due and outstanding under this Agreement and the Defaulting Party shall pay the Termination Payment within thirty
Termination Payment Notice. In the event that a Non-Defaulting Party elects to require payment of the Termination Payment as provided in Section 8.3 or 8.4 and if the User does not exercise the Purchase Option as set forth in Article 12, then, as soon as practicable after calculation of the Termination Payment by such Party, the Non-Defaulting Party will notify the Defaulting Party of the amount of the Termination Payment and any amount otherwise due and outstanding under this Agreement. Such notice will include a written statement explaining in reasonable detail the calculation of such amount. The Defaulting Party shall pay the Termination Payment and any amount otherwise due and outstanding under this Agreement to the Non-Defaulting Party within thirty (30) Business Days after the effectiveness of such notice, provided the time frame for the User to pay shall be extended as provided in Article 12 and Section 18.17.
Termination Payment Notice. In the event that Seller elects to require payment of the Termination Payment by ▇▇▇▇▇ as provided in Section 8.3, then, as soon as practicable after calculation of the Termination Payment by Seller, Seller will notify Buyer of the amount of the Termination Payment and any amount otherwise due and outstanding under this PPA. Such notice will include a written statement explaining in reasonable detail the calculation of such amount. Buyer shall be required to pay the Termination Payment and any amount otherwise due and outstanding under this PPA to Seller within ten (10) Business Days after the effectiveness of such notice.
Termination Payment Notice. In the event that a Non-Defaulting Party elects to require payment of the Termination Payment (or in case of Town, Termination Payment or Forgone Town Benefit) as provided in Section 8.3 or 8.4 and if Town does not exercise the Purchase Option as set forth in Article 12, then, as soon as practicable after calculation of the Termination Payment by such Party, the Non-Defaulting Party will notify the Defaulting Party of the amount of the Termination Payment and any amount otherwise due and outstanding under this Agreement. Such notice will include a written statement explaining in reasonable detail the calculation of such amount. The Defaulting Party shall pay the Termination Payment and any amount otherwise due and outstanding under this Agreement to the Non-Defaulting Party within thirty (30) Business Days after the effectiveness of such notice, provided the time frame for Town to pay shall be extended as provided in Article 12 and Section 18.17.