Failure to Pay Notice definition

Failure to Pay Notice has the meaning given to it in Clause 13.2.
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Failure to Pay Notice means a written notification provided by a Clearing Participant or Clearing Agency Participant to HKSCC pursuant to Rule 3705 upon the failure by HKSCC to make, when due, any payment to a Clearing Participant or Clearing Agency Participant (other than a defaulting Clearing Participant or Clearing Agency Participant) under a Market Contract;
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Examples of Failure to Pay Notice in a sentence

  • The Issuer announc- es this in a Potential Failure to Pay Notice.

  • The Notice of a Potential Repudiation/Moratorium must refer to a Potential Repudia- tion/Moratorium which has occurred within the Observation Period.A Potential Failure to Pay Notice exists under the following prerequisites: The Issuer publishes the occurrence and the date of the occurrence of a Potential Failure to Pay.

  • In the event that the Final Terms provide that a Grace Period will be fully taken into ac- count in the case of a Credit Event Failure to Pay: The Issuer issues a Potential Failure to Pay Notice within the Observation Period.The payment deferral is permissible for a period of up to one year.

  • This notice must refer to a Potential Repudiation/Moratorium which has occurred within the Ob- servation Period.A Potential Failure to Pay Notice exists under the following prerequisites: The Issuer publishes the occurrence and the date of the occurrence of a Potential Failure to Pay.

  • A Failure to Pay Notice providing important information relating to cost assessments is enclosed.

  • If you are interested in being on a payment plan, and you qualify under the Delinquent Costs paragraph in the attached Failure to Pay Notice, please contact our office immediately.

  • If you are interested in being on a payment plan, and you qualify under the Delinquent Costs paragraph in the attached Failure to Pay Notice, you need to contact our office immediately.

  • Please review the attached Failure to Pay Notice as it may substantially affect your continuing ability to practice law.

  • If your client is interested in being on a payment plan, and your client qualifies under the Delinquent Costs paragraph in the attached Failure to Pay Notice, please contact our office immediately.

  • Key Highlights• Strong demand for Nova concentrate has resulted in materially improved terms than in current offtake agreements.

Related to Failure to Pay Notice

  • Repudiation/Moratorium Extension Notice means a notice from the Calculation Agent to the Issuer (which the Calculation Agent has the right but not the obligation to deliver) that describes a Potential Repudiation/Moratorium that occurred on or prior to the Scheduled Maturity Date. A Repudiation/Moratorium Extension Notice must contain a description in reasonable detail of the facts relevant to the determination that a Potential Repudiation/Moratorium has occurred and indicate the date of the occurrence. The Potential Repudiation/Moratorium that is the subject of the Repudiation/Moratorium Extension Notice need not be continuing on the date the Repudiation/Moratorium Extension Notice is effective.

  • Default Notice means the written notice of Default of the Agreement issued by one Party to the other.

  • Acceleration Notice shall have the meaning specified in Section 6.2.

  • Non-Extension Notice has the meaning specified in Section 2.10.

  • Extension Notice has the meaning specified in Section 308.

  • Additional Default means any provision contained in any document or instrument creating or evidencing Indebtedness of the Borrower or any of its Subsidiaries which permits the holder or holders of such Indebtedness to accelerate (with the passage of time or giving of notice or both) the maturity thereof or otherwise requires the Borrower or any of its Subsidiaries to purchase such Indebtedness prior to the stated maturity thereof and which either (i) is similar to any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement, but contains one or more percentages, amounts or formulas that is more restrictive or has a xxxxxxx xxxxx period than those set forth herein or is more beneficial to the holder or holders of such other Indebtedness (and such provision shall be deemed an Additional Default only to the extent that it is more restrictive or more beneficial) or (ii) is different from the subject matter of any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement.

  • Escalation Notice has the meaning set forth in Section 8.02.

  • Renewal Notice As defined in Section 1.4(a).

  • Rejection Event means, in respect of the Benchmark, the relevant competent authority or other relevant official body rejects or refuses or will reject or refuse any application for authorisation, registration, recognition, endorsement, equivalence, approval or inclusion in any official register which, in each case, is required in relation to the Securities, the Benchmark or the administrator or sponsor of the Benchmark under any applicable law or regulation for the Issuer or any other entity to perform its obligations in respect of the Securities.

  • Notice Event means any of the events enumerated in paragraph (b)(5)(i)(C) of the Rule and listed in Section 4(a) of this Disclosure Agreement.

  • Step-In Notice has the meaning set out in Section 3.1;

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • Rejection Notice has the meaning specified in Section 2.05(b)(v).

  • OJEU Notice means the contract notice published in the Official Journal of the European Union.

  • Deficiency Notice has the meaning specified in Section 6.1(a);

  • Non-Renewal Notice shall have the meaning set forth in Section 2.

  • Penalty Notice means a written no- tification from the Director informing a respondent that the Director has made a finding of violation and, absent a request for a hearing, will impose a civil monetary penalty.

  • Second Notice means notice to the Class in a form to be approved by the Court, which shall substantially be in accordance with the notice at Schedule “E”.

  • Material Event of Default means any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Suspension Notice As defined in Section 6(d) hereof.

  • Rectification Notice means a notice in writing that identifies a defect in a work and requires rectification of the defect within a specified period of time.

  • Notice of Breach means a written notice delivered to the other party within the time period required under the definition of “Cause” or “Good Reason,” as applicable, that (a) indicates, as applicable, the specific provision in this Agreement that the party contends the other party has breached or the specific clause of the definition of “Cause” or “Good Reason” that the party alleges to exist, and (b) to the extent applicable, sets forth in reasonable detail the facts and circumstances Executive or the Company, as applicable, claims provide the basis for such breach or other condition.

  • Nonrenewal Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Special Termination Notice means the Notice of Special Termination substantially in the form of Annex VII to this Agreement.

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