DEBTS OR DELINQUENCIES Clause Samples

The "Debts or Delinquencies" clause establishes the parties' obligations regarding any outstanding financial liabilities or overdue payments. Typically, this clause requires one or both parties to disclose existing debts or delinquencies, and may restrict entering into the agreement if such financial issues exist, or require their resolution beforehand. Its core function is to ensure transparency about financial standing, thereby reducing the risk of default and protecting the interests of the parties involved.
DEBTS OR DELINQUENCIES. Pursuant to Section 2252.903, Texas Government Code, Contractor agrees that any payments owing to Contractor under this Agreement may be applied directly toward certain debts or delinquencies that Contractor owes the State of Texas or any agency of the State of Texas regardless of when it arises, until such debt or delinquency is paid in full.
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DEBTS OR DELINQUENCIES. Pursuant to Section 2252.903, Texas Government Code, FACILITY agrees that any payments owing to FACILITY under the Agreement may be applied directly toward certain debts or delinquencies that FACILITY owes the State of Texas or any agency of the State of Texas regardless of when it arises, until such debt or delinquency is paid in full.
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DEBTS OR DELINQUENCIES. Pursuant to Section 2252.903, Texas Government Code, FACILITY agrees that any payments owing to FACILITY under the Agreement may be applied directly toward certain debts or delinquencies that FACILITY owes the State of Texas or any agency of the State of Texas regardless of when it arises, until such debt or delinquency is paid in full. CHILD SUPPORT CERTIFICATION. Under Section 231.006, Texas Family Code, the FACILITY certifies that the individual or business entity named in this contract, bid, or application is not ineligible to receive the specified grant, loan, or payment and acknowledges that this contract may be terminated and payment may be withheld if this certification is inaccurate.
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DEBTS OR DELINQUENCIES. Pursuant to Section 2252.903, Texas Government Code, any payments owing to SSC under this Agreement may be applied directly toward certain debts or delinquencies that SSC owes the State of Texas or any agency of the State of Texas regardless of when they arise, until such debts or delinquencies are paid in full.
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DEBTS OR DELINQUENCIES. Pursuant to Section 2252.903, Texas Government Code, TENANT agrees that any payments owing to TENANT under this Agreement may be applied directly toward certain debts or delinquencies that TENANT owes the State of Texas or any agency of the State of Texas regardless of when they arise, until such debts or delinquencies are paid in full.
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DEBTS OR DELINQUENCIES. Pursuant to Section 2252.903, Texas Government Code, LANDLORD agrees that any payments owing to LANDLORD under this Lease may be applied directly toward certain debts or delinquencies that LANDLORD owes the State of Texas or any agency of the State of Texas regardless of when they arise, until such debts or delinquencies are paid in full.
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DEBTS OR DELINQUENCIES. Pursuant to Section 2252.903, Texas Government Code, any payments owing to Licensor under this Agreement may be applied directly toward certain debts or delinquencies that Licensor owes the State of Texas or any agency of the State of Texas regardless of when they arise, until such debts or delinquencies are paid in full.
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DEBTS OR DELINQUENCIES. Pursuant to Section 2252.903, Texas Government Code, Hotel agrees that any payments owing to Hotel under this Contract may be applied directly toward certain debts or delinquencies that Hotel owes the State of Texas or any agency of the State of Texas regardless of when it arises, until such debt or delinquency is paid in full.
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DEBTS OR DELINQUENCIES. Pursuant to Section 2252.903, Texas Government Code, any payments owing to Exterro under this Agreement may be applied directly toward certain debts or delinquencies that Exterro owes the State of Texas or any agency of the State of Texas regardless of when they arise, until such debts or delinquencies are paid in full.
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Related to DEBTS OR DELINQUENCIES

  • Delinquencies If tenant’s account is or becomes delinquent, the Cooperative will provide written notice to both the tenant and the landlord. If the tenant’s account is not brought current within twelve (12) business days, the Cooperative will automatically: (a) transfer the account name and payment responsibility on the account to the landlord; (b) deduct the amount of the tenant’s delinquent bill, if any, from the landlord’s deposit.

  • Debts and Delinquencies Contractor agrees that any payments due under this Contract shall be applied towards any debt or delinquency that is owed to the State of Texas.

  • DEBT AND DELINQUENCIES Contractor agrees that any payments due under the Contract shall be directly applied towards eliminating any debt or delinquency it has to the State of Texas including, but not limited to, delinquent taxes, delinquent student loan payments, and delinquent child support.

  • Tax Delinquency Contractor must provide notice to the JBE immediately if Contractor has reason to believe it may be placed on either (i) the California Franchise Tax Board’s list of 500 largest state income tax delinquencies, or (ii) the California Board of Equalization’s list of 500 largest delinquent sales and use tax accounts. The JBE may terminate this Agreement immediately “for cause” pursuant to Section 7.2 below if (i) Contractor fails to provide the notice required above, or (ii) Contractor is included on either list mentioned above.

  • Prepayment Charges Except as provided below, the Servicer or any designee of the Servicer shall not waive any Prepayment Charge with respect to any Mortgage Loan. If the Servicer or its designee fails to collect a Prepayment Charge at the time of the related prepayment of any Mortgage Loan subject to such Prepayment Charge, the Servicer shall pay to the Master Servicer at such time (by deposit to the Custodial Account) an amount equal to the amount of the Prepayment Charge not collected; provided, however, that with respect to any Mortgage Loan as to which the original or a copy of the Mortgage Note is not in the Servicer's possession (after the Servicer has used commercially reasonable efforts to obtain the Mortgage Note from the Custodian), the Servicer shall not have any obligation to pay the amount of any uncollected Prepayment Charge under this Section 3.20 if the failure to collect such amount is the result of inaccurate or incomplete information regarding Prepayment Charges included on the Mortgage Loan Schedule relating to the related Mortgage Loan. With respect to any Mortgage Loan as to which the original or a copy of the Mortgage Note is not in the Servicer's possession (after the Servicer has used commercially reasonable efforts to obtain the Mortgage Note from the Custodian), the Servicer may rely on the Prepayment Charge data set forth on the related Mortgage Loan Schedule and the Servicer shall not have any liability for any loss resulting from the Servicer's calculation of the Prepayment Charge utilizing the data contained in the related Mortgage Loan Schedule. Notwithstanding the above, the Servicer or its designee may waive a Prepayment Charge without paying to the Master Servicer the amount of such Prepayment Charge only if such Prepayment Charge (i) relates to a defaulted Mortgage Loan (defined as 61 days or more delinquent), and such waiver would maximize recovery of total proceeds from the Mortgage Loan, taking into account the amount of such Prepayment Charge and the related Mortgage Loan, or (ii) if the prepayment is not a result of a refinance by the Servicer or any of its affiliates and (a) a default under the Mortgage Loan is reasonably foreseeable and such waiver would maximize recovery of total proceeds taking into account the value of such a prepayment charge and the related Mortgage Loan or (b) the collection of the Prepayment Charge would be in violation of applicable laws.