Failure to Pay means, after the expiration of any applicable Grace Period (after the satisfaction of any conditions precedent to the commencement of such Grace Period), the failure by a Reference Entity to make, when and where due, any payments in an aggregate amount of not less than the Payment Requirement under one or more Obligations, in accordance with the terms of such Obligations at the time of such failure.
Failure to Pay means after the expiration of any applicable Grace Period (after the satisfaction of any conditions precedent to the commencement of such Grace Period), the failure by the Reference Entity to make, when and where due, any payments in an aggregate amount of not less than the Payment Requirement under one or more Obligations in accordance with the terms of such Obligations at the time of such failure provided that, if an occurrence that would constitute a Failure to Pay (a) is a result of a redenomination that occurs as a result of action taken by a Governmental Authority which is of general application in the jurisdiction of such Governmental Authority and (b) a freely available market rate of conversion existed atthe time of the redenomination, then such occurrence will be deemed not to constitute a Failure to Pay unless the redenomination itself constituted a reduction in the rate or amount of interest, principal or premium payable (as determined by reference to such freely available market rate of conversion) at the time of such redenomination.
Failure to Pay means the failure of a Contracting Party or Exchange to make payment of any amount under any Invoice issued in accordance with this Agreement;
Examples of Failure to Pay in a sentence
Failure to Pay: All invoices will be given a 4-day grace period after the due date.
The occurrence of any one or more of the following events shall constitute a default and breach of this Lease by Xxxxxx: Failure to Pay Rent.
This limit of liability does not apply to the liability of Exchange for a Failure to Pay, Failure to Deliver or Failure to Take, in the case of a Transaction, and in respect of Exchange’s agreement to indemnify the Contracting Party for infringement as set forth in Section 3.4.
PLEASE READ Late or non-payment of the Accommodation Fee may result in the College taking action to terminate the Agreement as per clause 8.1 of the Agreement (Termination for serious Breach, Failure to Pay Accommodation Fee).
More Definitions of Failure to Pay
Failure to Pay means, after the expiration of any applicable grace period (after the satisfaction of any conditions precedent to the commencement of such grace period), the failure by the Reference Entity to make, when and where due, any payments in any amount under the Reference Asset, in accordance with the terms of the Reference Asset at the time of such failure.
Failure to Pay means the failure by a Collateral Issuer to make, when and where due, any payments in an aggregate amount of not less than the Payment Requirement, under one or more Obligations, after the expiration of any applicable Grace Period (after the satisfaction of any conditions precedent to the commencement of such Grace Period);
Failure to Pay provisions of Section 5(a)(i) will apply to Party A and Party B; provided, however, that Section 5(a)(i) is hereby amended by replacing the word “third” with the word “first.”
Failure to Pay means the failure of a Contracting Party or Exchange to make payment of any amount under any Invoice issued in accordance with this Agreement or under Section 5.13;
Failure to Pay means the failure by the Reference Entity to make, when and where due, without regard to any applicable grace period, any payments in an aggregate amount of not less than the Payment Requirement under one or more Obligations.
Failure to Pay means that an individual has a medicaid application in pending status and has failed, after reasonable and appropriate notice, to pay or to have the medicare or medicaid program pay on the individual's behalf, for the care provided by the NF or ICF-MR. An individual shall be considered to have failed to have the individual's care paid for if the individual has applied for medicaid, if both of the following are the case:
Failure to Pay means, with respect to a Collateral Obligation, after the expiration of any applicable grace period (however defined under the terms of such Collateral Obligation), the occurrence of a non-payment of a payment of interest Scheduled to be Due or principal on the Underlying Asset when due, in accordance with the terms of the Underlying Asset at the time of such failure.