Notice of Nonpayment definition

Notice of Nonpayment means the notice, substantially in the form of Exhibit A hereto, delivered pursuant to this Policy and sent to the contact person at the address and/or fax numbers set forth in the Policy specifying the Insured Amount which shall be due and owing to the Class G Trustee (or the Paying Agent) for distribution to the Class G Certificateholders or, if applicable, the Escrow Receiptholders on the applicable Distribution Date.

Notice of Nonpayment has the meaning given to such term in the Policy.

Notice of Nonpayment. The notice to be delivered by the Trustee to MBIA with respect to any date as to which a claim for an Insured Payment shall be made, which shall be in the form attached to the Policy.

Examples of Notice of Nonpayment in a sentence

• Notice of nonpayment must be in writing, delivered in a reasonable manner, and in terms that reasonably identify the real estate improved and the nonpayment complained of.

• If Owner fails to pay such amount or provide a Notice of a dispute as to the amount sought by CM/GC within thirty (30) days after receipt of CM/GC's Notice of nonpayment, CM/GC may terminate this Contract.

• Notice of non-payment of all or any interest under the Notes on any Optional Interest Payment Date (an Interest Non-Payment Notice) shall be given to the Noteholders in accordance with Condition 11 and, for so long as the Notes are listed on the Official List of the Luxembourg Stock Exchange and the rules of that exchange so require, to the Luxembourg Stock Exchange.

• Notice of non-payment of any interest under the Bonds on any Interest Payment Date shall be given to the Bondholders in accordance with Condition 11 (Notices) at least ten (10) TARGET Business Days prior to such Interest Payment Date.

• Notice of nonpayment or dishonor shall be sent by the payee or holder of the check or order to the drawer by regular mail supported by an affidavit of service of mailing or by a certificate of mailing obtained from the U.S. post office from which the mailing was made.

More Definitions of Notice of Nonpayment

Notice of Nonpayment means the telephonic or telegraphic notice, promptly confirmed in writing by telecopy substantially in the form attached to the Bond Insurance Policy, the original of which is subsequently delivered by registered or certified mail, from the Trustee specifying the Insufficiency Amount which shall be due and owing on the Payment Date.

Notice of Nonpayment. The notice to be delivered by the Trust Administrator to Ambac with respect to any Distribution Date as to which there is a Class A-3 Distribution Deficiency, which shall be in the form attached to the Policy.

Notice of Nonpayment. The notice to be delivered by the Trust Administrator to Financial Security with respect to any Distribution Date as to which there is a Class A-12 Distribution Deficiency, which shall be in the form attached to the Policy.

Notice of Nonpayment. The notice to be delivered by the Trustee to Assured Guaranty with respect to any date as to which a claim for an Insured Payment shall be made, which shall be in the form attached to the Policy.

Notice of Nonpayment means the form by which a claimant is notified of charges denied by the organization which are the claimant's personal responsibility.

Notice of Nonpayment. The notice to be delivered by the Trustee to the Certificate Insurer with respect to any Distribution Date pursuant to Section 5.07(a), which shall be in the form attached to the Certificate Insurance Policies.

Notice of Nonpayment has the meaning given to it in Schedule 8;