Example ContractsClausesNonpayment
Nonpayment
Nonpayment contract clause examples

Nonpayment. Failure by any Borrower to pay when due # any principal or interest on the Obligations (including without limitation pursuant to Section 2.9), or # any other fee, charge, amount or liability provided for herein or in any Other Document, in each case whether at maturity, by reason of acceleration pursuant to the terms of this Agreement, by notice of intention to prepay or by required prepayment.

Automatic Termination for Nonpayment of Upfront Payment. If Everest fails to pay Spero the upfront payment set forth in Section 8.1 (Upfront Payment) within ​ Business Days after the Effective Date; then, in any such case, this Agreement will automatically and immediately terminate.

Nonpayment of Fees. If you do not pay our billed Fees within ninety (90) days of receipt of the invoice, we reserve the right to terminate this Agreement or to discontinue provision of Services to the Plan, including access to the website and preparation of periodic Participant and company reports. Additionally, we reserve the right to liquidate any Investments up to the amount of the outstanding Fees and use the proceeds to pay our Fees. If such assets are held in a Trust for which Principal Trust Company or some other trust company is serving as trustee, you authorize Principal Trust Company or such other trust company to pay the Fees from Trust assets.

Nonpayment. Borrower shall fail to pay # any interest due on the Note or any fees, charges, costs or expenses under the Loan Documents by 5 days after the same becomes due; or # any principal amount, including any Over-advance, of the Note when due.

Nonpayment of Dividends. If the Board of Directors or a duly authorized committee of the Board of Directors determines not to pay any dividend that has been declared or not to declare any dividend in full for any Dividend Period (as defined in the Certificate of Designations), then no later than three (3) business days prior to the Dividend Payment Date (as defined in the Certificate of Designations) corresponding to such dividend the principal executive officer and principal financial officer of the Recipient shall provide written notice, in a form reasonably satisfactory to the Investor, informing the Investor that the Recipient will not pay a declared dividend or determined not to declare dividends in full and providing the rationale of the Board of Directors, or a duly authorized committee thereof, for not paying or declaring dividends, as applicable.

Nonpayment. Failure by any Borrower to pay when due # any principal on the Obligations (including without limitation pursuant to Section 2.9), whether at maturity, by reason of acceleration pursuant to the terms of this Agreement, by notice of intention to prepay or by required prepayment, or # to the extent such amounts are charged by Agent to Borrowers’ Account as a Revolving Advance or, at the discretion of Swing Loan Lender, as a Swing Loan pursuant to Section 2.23, in each case at a time when there is insufficient borrowing availability under Section 2.1 or 2.23 for such Revolving Advance or Swing Loan, as applicable, any interest on the Obligations or any other fee, charge, amount, or liability (other than any amount referred to in [clause (a) above]) provided for herein or in any Other Document and such failure shall continue unremedied for one (1) Business Day.

Nonpayment. Failure by any Loan Party to pay when due any principal on the Obligations (including without limitation pursuant to Section 2.9), or any interest on the Obligations or any other fee, charge, amount or liability provided for herein or in any Other Document, in each case whether at maturity, by reason of acceleration pursuant to the terms of this Agreement, by notice of intention to prepay or by required prepayment.

Nonpayment. Failure by any Loan Party to pay when due # any principal or interest on the Obligations (including without limitation pursuant to [Section 2.9] hereof), or # any other fee, charge, amount or liability provided for herein or in any Other Document, in each case whether at maturity, by reason of acceleration pursuant to the terms of this Agreement, by notice of intention to prepay or by required prepayment;

Nonpayment. Failure by any Borrower to pay any principal or interest on the Obligations when due, whether at maturity or by reason of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or failure to pay any other liabilities or make any other payment, fee or charge provided for herein when due or in any Other Document;

Termination by Cellnet for Nonpayment. Cellnet may terminate this Agreement in the event that Laclede, during two (2) consecutive months or three (3) or more times during any Contract Year, fails to pay any invoice for the Fees when due, provided that Laclede has not cured any such payment default within twenty (20) Business Days after the date that Cellnet provides written notice to Laclede of such payment default.

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