DEFAULT OF PAYMENT Sample Clauses

DEFAULT OF PAYMENT. 16.01 If any contractor shall default in remitting payments required to be made pursuant to this Article within the time specified, and default shall continue for ten days or more, then in addition to any other remedy available to Local Union 46 or to any employees, such defaulting Contractor shall pay to the Trustees, as liquidated damages and not as a penalty, an amount equal to five percent of the arrears for each month or part thereof during which such default continues. The said damages shall become due and be payable upon the 21st day of the month, following the month for which contributions were to be made. The five percent of the said arrears shall become due and be payable by such Contractor on the 21st day of each successive month while default continues. For the purpose of calculating the five percent as foresaid, “arrears” shall be deemed to include all accumulated damages remaining unpaid. 16.02 Where the Union has reasonable grounds to believe that proper payments or contributions have not been made under this Agreement, the Union or the Association shall have the right to inspect the employer’s records.

DEFAULT OF PAYMENT. In the event that the Company is in default of any payment which is to be made to the Union under the terms of this Collective Agreement, the Company agrees to bear the cost of collecting such monies including those legal fees directly involved in such collection. It is further agreed that such accounts shall bear a one (1%) percent per month penalty until they are paid.

DEFAULT OF PAYMENT. All accounts must be current before records and transcripts can be released or transferred to other schools. Student will not be allowed to continue to attend classes or participate in other School activities unless tuition and fees are paid by stated deadlines (or until Parent makes other written arrangements acceptable to the School).

DEFAULT OF PAYMENT. 22.1 If any Contractor shall default in remitting payments required to be made pursuant to this Article within the time specified, and default shall continue for ten (10) days or more, then in addition to any other remedy available to Local Union 46 or to any employees, such defaulting Contractor shall pay to the Trustees, or to the Association in the case of Industry Fund Payments, as annualized interest rates and not as a penalty, an amount equal to ten percent (10%) of the arrears for each month or part thereof during which such default continues. The said damages shall become due and be payable upon the 21st day of the month following the month for which contributions were to be made. The ten percent (10%) of the said arrears shall become due and be payable by such Contractor on the 21st day of each successive month while default continues. For the purpose of calculating the ten percent (10%) as aforesaid, “arrears” shall be deemed to include all accumulated damages remaining unpaid, or: Default in remitting such payments or any wages or other remuneration required to be paid hereunder, shall be deemed to constitute default in payment of wages and shall be in addition to the damages aforesaid, entitle Local Union 46 upon notice by registered mail that unless all payments have been made up to date, the said Union may withdraw the services of any employee or employees, 72 hours after receipt of said notice of such withdrawal, the employee or employees shall continue to be in the employ of the Contractor and shall not be discharged or otherwise disciplined by the Contractor, and shall be entitled to be paid as damages an amount equal to the wages based upon ordinary hours of labour and including all fringe benefits which he/she would have earned had he/she remained at work. The said employee or employees shall return to work forthwith upon the Contractor remitting the payment of damages owing.

DEFAULT OF PAYMENT. All accounts must be current before records and transcripts can be released or transferred to other schools. Student will not be allowed to continue to participate in school sports teams (practices and games) or other School activities unless tuition and fees are paid by stated deadlines (or until Parent/Guardian makes other written arrangements acceptable to the School).

DEFAULT OF PAYMENT. If any contractor shall default in remitting payments required to be made to Trust Funds pursuant to the terms of this Collective Agreement, and default shall continue for ten days or more, then in addition to any other remedy available to the Local Union, such defaulting contractor shall pay to the Trustees, as liquidated damages and not as a penalty, an amount equal to 5% of the arrears for each month or part thereof during which such default continues. The said damages shall become due and payable upon the 21st day of the month following the month for which contributions were to be made. The 5% of the said arrears shall become due and be payable by such contractor on the 21st day of each successive month while default continues. For the purpose of calculating the 5% as aforesaid, "arrears" shall be deemed to include all accumulated damages remaining unpaid. The foregoing "Default of Payment Clause" shall apply to the following trust funds: Article 17 - Union Deductions Article 9 - Holiday & Vacation Pay Trust Funds Article 15 - Health and Welfare Article 16 - Pension Fund Article 18 - Labour Service Fee

DEFAULT OF PAYMENT. All accounts must be current before records and transcripts can be released or transferred to other schools. Student will not be allowed to continue to attend classes or participate in other AMS activities unless tuition and fees are paid by stated deadlines (or until Guardian makes other written arrangements acceptable AMS).

DEFAULT OF PAYMENT. If User does not pay the invoices issued by Famic on their respective due dates, Famic may, at its sole discretion and without penalty, damage or fine to Famic, suspend the HS and its professional services until User settles its account with Famic. Famic may apply interest fees to unpaid balance, as stipulated on Famic’s proposal. If legal services are necessary to collect unpaid balances, User agrees to pay the cost of the said legal services to Famic upon receiving the corresponding invoice(s) from Famic.

DEFAULT OF PAYMENT. 5.5.1 The Approved Activity Provider fails to pay (i) when and as required to be paid any fee due under this agreement, and/or (ii) any interest payable in the terms specified under this Agreement. 5.5.2 If any default occurs ASL may: (a) declare the commitment of ASL to make advances for this Agreement to be terminated whereupon such commitment and obligation under this Agreement shall be terminated; and/or (b) declare the unpaid amount of the outstanding fee, all interest accrued, and all other amounts owing or payable to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Approved Activity Provider; and/or (c) exercise all rights and remedies available to ASL under this Agreement or applicable in law and to pursue any and all available remedies for collection of such fees and interest, including but not limited to the exercise of all rights and remedies against the Approved Activity Provider. 5.5.3 To the extent permitted by applicable law, all remedies contained within this Agreement or by law afforded shall be cumulative and are not exclusive of any other rights, powers, privileges or remedies provided by law or in equity, or under any other instrument, document or agreement now existing or hereafter arising and all shall be available to ASL until the monies owed has been paid and satisfied in full. During the existence of a Default in Payment, interest shall accrue on fees due and owing from the date of the same until resolved, if resolution is allowed, at the default rate stated in the below. 5.5.4 If payment due under this Agreement is not paid within thirty (30) days’ after its due date it shall be subject to a late payment interest charge of five percent (5.00%) of the total payment due. The Approved Activity Provider agrees to pay and stipulate that five percent (5.00%) of the total payment due is a reasonable amount for a late payment interest charge.