Payment Failure Notice definition

Payment Failure Notice means the notice delivered by the Reinsurer pursuant to Section 8.01.
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Payment Failure Notice means a notice of nonpayment in the form attached as Annex H.
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Payment Failure Notice means the notice delivered by the Reinsurer pursuant to Section 8.01. “Payment Failure Termination Date” shall have the meaning set forth in Section 8.01.
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Examples of Payment Failure Notice in a sentence

  • Any dispute arising from a Milestone Payment Failure Notice shall be resolved in accordance with the procedure set forth in Section 7.10, which decision shall be binding on the parties hereto and the Holders (including the Holders not participating therein).

  • In the event the Reinsurer delivers a Payment Failure Notice that specifies the Payment Failure Termination Date and the Ceding Company pays the Reinsurer all amounts that are then due and payable to the Reinsurer prior to the Payment Failure Termination Date, then the Reinsurer shall not be entitled to terminate this Agreement.

  • The Rights Agent shall forward any Milestone Payment Failure Notice it receives to the Holders within five (5) Business Days of receipt.

  • In the event the Reinsurer delivers a Payment Failure Notice thatspecifies the Payment Failure Termination Date and the Ceding Company pays the Reinsurer all amounts that are then due and payable to the Reinsurer prior to the Payment Failure Termination Date, then the Reinsurer shall not be entitled to terminate this Agreement.

  • The Payment Failure Notice shall state in bold face, all capital letters at the top thereof: “WARNING: PAYMENT FAILURE NOTICE.

  • Tenant shall have a period of twenty-five (25) days following receipt of the 1010 Hxxxxxxx Early Payment Failure Notice to cause the 1010 Hxxxxxxx Early Payment Conditions to be satisfied, and if Tenant causes the 1010 Hxxxxxxx Early Payment Conditions to be satisfied within such twenty-five (25) day period then Landlord shall be obligated to pay Tenant the 1010 Hxxxxxxx Early Payment within ten (10) days following the satisfaction of such conditions.

  • Tenant shall have a period of twenty-five (25) days following receipt of the 940 Hxxxxxxx Early Payment Failure Notice to cause the 940 Hxxxxxxx Early Payment Conditions to be satisfied, and if Tenant causes the 940 Hxxxxxxx Early Payment Conditions to be satisfied within such twenty-five (25) day period then Landlord shall be obligated to pay Tenant the 940 Hxxxxxxx Early Payment within ten (10) days following the satisfaction of such conditions.

  • Tenant shall have a period of twenty-five (25) days following receipt of the 1003-1005 Xxxxxxxx Early Payment Failure Notice to cause the 1003-1005 Xxxxxxxx Early Payment Conditions to be satisfied, and if Tenant causes the 1003-1005 Xxxxxxxx Early Payment Conditions to be satisfied within such twenty-five (25) day period then Landlord shall be obligated to pay Tenant the 1003-1005 Xxxxxxxx Early Payment within ten (10) days following the satisfaction of such conditions.

  • Tenant shall have a period of twenty-five (25) days following receipt of the 960 Hxxxxxxx Early Payment Failure Notice to cause the 960 Hxxxxxxx Early Payment Conditions to be satisfied, and if Tenant causes the 960 Hxxxxxxx Early Payment Conditions to be satisfied within such twenty-five (25) day period then Landlord shall be obligated to pay Tenant the 960 Hxxxxxxx Early Payment within ten (10) days following the satisfaction of such conditions.

  • Five (5) Business Days following the date Furnisher gives Company a Payment Failure Notice under Section 5.

Related to Payment Failure Notice

  • Daily Failure Amount means the product of (x) .005 multiplied by (y) the Closing Sale Price of the Common Stock on the applicable Share Delivery Date.

  • Payment Notice has the meaning assigned to it in Section 8.06(c).

  • Persistent Failure means any two (2) or more failures by the Supplier in any rolling period of twelve (12) months to comply with obligations in respect of the Contract Services under the Contract;

  • MI Failure means when an MI report: a) contains any material errors or material omissions or a missing mandatory field; or b) is submitted using an incorrect MI reporting Template; or c) is not submitted by the reporting date(including where a Nil Return should have been filed);

  • Due notice means notice published at least twice, with an interval of at least six days between the two publication dates, in a newspaper or other publication of general circulation within the appropriate area; or, if no such publication of general circulation be available, by posting at a reasonable number of conspicuous places within the appropriate area, such posting to include, where possible, posting at public places where it may be customary to post notices concerning county or municipal affairs generally. At any hearing held pursuant to such notice, at the time and place designated in such notice, adjournment may be made from time to time without the necessity of renewing such notice for such adjourned dates.

  • Transaction Failure Date means the 18-month anniversary of the Effective Date (or the 24 month anniversary of the Effective Date, if a letter of intent, agreement in principle or definitive agreement has been executed within 18 months after the Effective Date and the Business Combination relating thereto has not yet been consummated within such 18-month period).

  • Election Notice has the meaning set forth in Section 11.01(b).

  • Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date;

  • GEP Failure means Seller’s failure to produce Delivered Energy in an amount equal to or greater than the Guaranteed Energy Production amount for the applicable Performance Measurement Period.

  • Price Failure means, with respect to a particular date of determination, the VWAP of the Common Stock on any Trading Day during the twenty (20) Trading Day period ending on the Trading Day immediately preceding such date of determination fails to exceed the Floor Price (as adjusted for stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions occurring after the Subscription Date). All such determinations to be appropriately adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions during any such measuring period.

  • 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.

  • Pre-Notice shall have the meaning ascribed to such term in Section 4.13.

  • Consistent Failure means any of:

  • Listing Failure Event means that:

  • Cure Notice means a notice of a proposed amount to be paid on account of a Cure Claim in connection with an Executory Contract or Unexpired Lease to be assumed under the Plan pursuant to section 365 of the Bankruptcy Code, which notice shall include: (a) procedures for objecting to proposed assumptions of Executory Contracts and Unexpired Leases; (b) Cure Claims to be paid in connection therewith; and (c) procedures for resolution by the Bankruptcy Court of any related disputes.

  • Reduction Notice has the meaning set forth in Section 1.3.

  • Supply Failure shall have the meaning ascribed to it in Section 2.8.

  • VWAP Purchase Notice means an irrevocable written notice from the Company to the Buyer directing the Buyer to buy Purchase Shares on the VWAP Purchase Date pursuant to Section 1(c) hereof as specified by the Company therein at the applicable VWAP Purchase Price with the applicable VWAP Purchase Share Percentage specified therein.

  • CAFA Notice refers to the notice requirements imposed by 28 U.S.C. § 1715(b).

  • Transaction Failure means the failure to consummate a Business Combination within 18 months of the Effective Date (or 24 months after the Effective Date, if a letter of intent, agreement in principle or definitive agreement has been executed within 18 months after the Effective Date and the Business Combination relating thereto has not yet been consummated within such 18-month period).

  • Volume Failure means, with respect to a particular date of determination, the aggregate daily dollar trading volume (as reported on Bloomberg) of the Common Stock on the Principal Market on any Trading Day during the twenty (20) Trading Day period ending on the Trading Day immediately preceding such date of determination (such period, the “Volume Failure Measuring Period”), is less than $2,000,000 (as adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions occurring after the Subscription Date). All such determinations to be appropriately adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions during such Volume Failure Measuring Period.

  • Discounted Prepayment Option Notice has the meaning specified in Section 2.05(d)(ii).

  • Redemption Notice Date means, with respect to a Redemption, the date on which the Company sends the Redemption Notice for such Redemption pursuant to Section 4.03(F).

  • Determination Notice is defined in Section 6.1(b)(i) of the Agreement.

  • Draw Down Notice shall have the meaning assigned to such term in Section 5.1(f) hereof.

  • Notice Date has the meaning specified in Section 2.15(b).