Payment Failure definition

Payment Failure means a failure by the Generator to pay a Net Payable Amount in accordance with Condition 23.1 (except to the extent that such failure is due to the occurrence of a Payment Disruption Event and the Generator, as the PDE Affected Party, has complied with Condition 68.2 but irrespective of whether or not the Generator has paid any such Net Payable Amount within the applicable NPA Payment Cure Period);

Payment Failure has the meaning set forth in Section 6.3(a).

Payment Failure has the meaning set forth in Section 14.01(a).

Examples of Payment Failure in a sentence

• Scan original copy of the official receipt or proof of payment of the Bidding Documents and save as a PDF file assigned with the file name in this format: “NPC (Item Name); APP Item No. ; (Name of Bidder); Bidding Document Proof of Payment” SAMPLE: NPC Janitorial Services; APP Item No. 2020-0040; AAA Janitorial Services Inc.; Bidding Document Proof of Payment Failure to attach copy of the official receipt or proof of payment, will result to non-issuance of the Bid Receipt Document.

• Upon the occurrence of each Equity Payment Failure, the Outstanding Balance shall automatically be increased by an amount equal to ten percent (10%) of the then-current Outstanding Balance.

• Traffic Capacity Reservation and Estimated Impact Fee Payment Failure to Pay Estimated ImpactFees1.

• In case, payment was debited from account and further, Payment Failure is shown, immediately contact the e-Procurement helpdesk, for resolution, before tender closing time.

• Following any termination pursuant to this Article VIII, the Ceding Company shall deliver to the Reinsurer within forty-five (45) days after the Payment Failure Termination Date, a calculation of the Full Termination Amount.

More Definitions of Payment Failure

Payment Failure means any failure by the Corporation to pay (or set aside for payment): (i) any dividends in respect of any Share of Variable Cumulative Preferred Stock which have accumulated during any Dividend Period applicable to such Share on the last Dividend Payment Date with respect to such Dividend Period or (ii) the redemption price in respect of Shares of Variable Cumulative Preferred Stock called for redemption on the date of redemption, provided that, in the case of either clause (i) or (ii) above, such failure shall continue unremedied for more than three Business Days.

Payment Failure has the meaning set forth in Section 16.03(a).

Payment Failure has the meaning set out in Section 18.4.

Payment Failure means a failure by the Company to pay to the Holders on or within three Business Days (i) after any Dividend Payment Date, the full amount of any dividends to be paid on such Dividend Payment Date on any share of the Series A Stock or (ii) after any redemption date, the redemption price to be paid on that redemption date on any share of the Series A Stock with respect to which a notice of redemption has been given.

Payment Failure means in respect of a party to this Agreement, a failure by such party to make, when due, any payment under this Agreement.

Payment Failure means a failure by the Emitter to pay any Net Payable Amount in accordance with Condition 11.1, 11.2 or 11.3 (Payment from Emitter) (as applicable) (except to the extent that such failure is due to the occurrence of a Payment Disruption Event and the Emitter, as the PDE Affected Party, has complied with Condition 52.2 (Conditions to Payment Disruption Event relief) but irrespective of whether or not the Emitter has paid any such OP Net Payable Amount within the applicable NPA Payment Cure Period);

Payment Failure means a failure by the Emitter to pay any Net Payable Amount in accordance with Condition 12.113.1, Condition 12.213.2 or Condition 12.313.3 (Payment from Emitter) (as applicable) (except to the extent that such failure is due to the occurrence of a Payment Disruption Event and the Emitter, as the PDE Affected Party, has complied with Condition 55.255.2 (Conditions to Payment Disruption Event relief) but irrespective of whether or not the Emitter has paid any such OP Net Payable Amount within the applicable NPA Payment Cure Period);