Account default definition

Account default means a PIPP plus customer's failure to pay monthly PIPP plus installment amounts causing the PIPP plus customer's electric service to be subject to disconnection by a utility for nonpayment or actually disconnected for nonpayment.
Sample 1Sample 2Sample 3
Account default means a PIPP customer's failure to pay monthly PIPP installment amounts causing the PIPP customer's electric service to be subject to disconnection by a utility for nonpayment or actually disconnected for nonpayment.
Sample 1Sample 2Sample 3

Examples of Account default in a sentence

  • Sometimes, same issue may be decide differently by different legal forum.

  • In case if an overdraft arises in the Account, default interest and administration fee at the rates specified in the Price-list shall be charged.

  • We reserve the right to deny transactions for any reason, such as Account default, suspected fraudulent or unlawful activity, internet gambling, or any indication of increased risk related to the transaction.

  • The Customer shall pay all fees related to the Card (both Principal and Supplementary) issuing, acquiring, using as charged by the Bank, as well as any interest for the use of the credit limit in the card-linked Payment Account, default interest and penalties following the procedure indicated in the present Rules and the General Rules on the Provision of Services of the Bank.

  • LOW INCOME ENERGY AFFORDABILITY DEMONSTRATION PROJECT(A) Defined terms used in this Low-Income Energy Affordability Demonstration Project (LIEADP) are as follows: Account default means a LIEADP customer's failure to pay monthly LIEADP installment amounts causing the LIEADP customer's natural gas service to be subject to disconnection by a utility for nonpayment or actually disconnected for nonpayment.

  • Where the Payment transaction is executed using the Customer’s Account and the funds in that Account are insufficient for the execution of the Payment transactions and the charging of the Commission fee, the Bank shall not execute the Payment transaction.6.4. In case if an overdraft arises in the Account, default interest and administration fee at the rates specified in the Price-list shall be charged.

  • If you fail to pay when due any amount payable under the Terms and Conditions, we may debit from your Account default interest on that amount.Default interest will be charged from and including the due date to the date of actual payment (after as well as before judgment).

  • Members with incomes under the federal poverty level who do not make contributions to their POWER Account default into the Basic program, which does not require any member contributions to the POWER Account, without any discontinuity in coverage.

  • Default interestIf you fail to pay when due any amount payable under the Client Agreement, we may debit from your Margin FX Account default interest on that amount.

  • The Account default will be reinvestment of dividend and capital gain distributions.

Related to Account default

  • Payment Default has the meaning set forth in Section 5.4(a) of the Indenture.

  • Specified Default means a Default under Section 8.01(a), (f) or (g).

  • Material Default means a material breach of this Framework Agreement and/or, breach by the Supplier of any of the following Clauses: Clause 8 (Warranties and Representations), Clause 9 (Prevention of Bribery and Corruption), Clause 13 (Statutory Requirements and Standards), Clause 14 (Non-Discrimination), Clause 15 (Provision of Management Information), Clause 16 (Management Charge), Clause 17 (Records and Audit Access), Clause 22 (Data Protection), Clause 23 (Freedom of Information) and Clause 31 (Transfer & Sub-contracting);

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Monetary Default shall have the meaning assigned to such term in Section 11(a).

  • Servicer Event of Default wherever used herein, means any one of the following events:

  • Potential Default means an event which but for the lapse of time or the giving of notice, or both, would constitute an Event of Default.

  • Issuer Event of Default means the occurrence of any of the following events:

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Senior Default means any Senior Payment Default or Senior Covenant Default.

  • Special Default means (i) the failure by Owner to pay any amount of principal of or interest on any Equipment Note when due or (ii) the occurrence of any Default or Event of Default referred to in Section 5.01(v), (vi) or (vii).