Non-payment definition

Non-payment. Any Borrower shall fail to pay the principal amount of any Obligations when due or interest on the Obligations within 5 days of when due.
Non-payment means, as of any Due Date, the failure of the Issuer to have paid to the Bond Trustee or the Holders any Guaranteed Amounts which are due on such Due Date (or which would have been due on such Due Date but for such Guaranteed Amounts having become due prior to such Due Date by reason of prepayment, acceleration of maturity, mandatory or optional redemption or otherwise).
Non-payment any Relevant Party fails to pay any sum payable by it under any of the Relevant Documents at the time, in the currency and in the manner stipulated in the Relevant Documents (and so that, for this purpose, sums payable on demand shall be treated as having been paid at the stipulated time if paid within three (3) Banking Days of demand); or

More Definitions of Non-payment

Non-payment as used in this Agreement shall include any monthly payment that does not clear, is returned as dishonored, is declined, or otherwise fails, on being first processed.
Non-payment means, after the expiration of any applicable grace period (and after the satisfaction of any conditions precedent to the commencement of such grace period), the failure by an obligor in respect of the Charged Assets to make, when and where due, any payments in an aggregate amount of the amount required under one or more Charged Assets in accordance with the terms of such Charged Assets at the time of such failure.
Non-payment means, as of any Scheduled Payment Date, the failure of the Issuer to pay or to have paid all or any part of the Guaranteed Amounts which are Due for Payment on such Scheduled Payment Date (or which would have been due on such Scheduled Payment Date but for such Guaranteed Amounts having become due prior to such Scheduled Payment Date by reason of prepayment, acceleration of maturity, mandatory or optional redemption or otherwise);
Non-payment has the meaning given in Section 5.4. Notice: notice given to one party by the other in writing in accordance with Section 13. Order Form: the order form agreed between Event Store and You in relation to Your access to the Event Stores under this Subscription Agreement, and accepted by both parties, whether in writing or by electronic means.
Non-payment means, with respect to any Distribution Date, a Deficiency Amount which is Due For Payment but has not been paid pursuant to the Indenture.
Non-payment. The clinic might deny services if balance is pending. Failure to pay will result in your account being referred to a collection agency, which may affect your credit.