Nonpayment definition

Nonpayment means, with respect to any Payment Date, an Insured Amount is Due for Payment but has not been paid pursuant to the Indenture.
Nonpayment means, with respect to any Distribution Date, an Insured Amount which is Due for Payment but has not been and will not be paid in respect of such Distribution Date pursuant to the Agreement.

Examples of Nonpayment in a sentence

  • Contractor shall not be liable if the liner and/or wall foam floats causing wrinkling, shifting, tearing of liner, liner lifting out of coping or floor washing out Rights in the Event of Nonpayment In the case of default of payment, all warranties are null and void.

  • This Agreement shall be noncancelable by Obligor, except for: Nonpayment of Agreement fees by You; or Fraud or material misrepresentation by You in obtaining this Agreement or in presenting a claim.

  • If Customer only disputes a portion of an invoice, the undisputed amount is payable to Khoros on time, as defined in Section 6.1. Non-payment of undisputed Fees is a material breach of this MSA.


More Definitions of Nonpayment

Nonpayment means, with respect to any Payment Date, an Insured Amount which is Due for Payment but has not and will not be paid in respect of such Payment Date, pursuant to the Indenture.
Nonpayment has the meaning set forth in Section 16.7(a).
Nonpayment means the nonpayment of a payment that becomes due during the emergency period to a landlord, including a payment of rent, late charges, utility or service charges or any other charge or fee as described in the rental agreement or ORS 90.140, 90.302, 90.315, 90.392, 90.394, 90.560 to 90.584 or 90.630.
Nonpayment shall have the meaning set forth in Section 7(b)(i) hereof.
Nonpayment means, with respect to any Distribution Date, a Deficiency Amount owing to the Subordination Agent for distribution to the Class G Certificateholders or, if applicable, the Escrow Receiptholders in respect of such Distribution Date.
Nonpayment. Means, with respect to any Payment Date, an Insured Amount is Due for Payment but has not been paid pursuant to the Indenture.
Nonpayment means, with respect to any Distribution Date, Policy Claim Amounts which are Due for Payment but have not been paid pursuant to the Indenture.