Failure in timely payment of the Instalments Clause Samples

Failure in timely payment of the Instalments. (a) In the event of quarterly or monthly payments, any failure to timely pay the Instalments by the Resident shall allow the Operator to immediately request in writing the payment of the pending Instalments (the "Non-Payment Notification"). In that case, the Operator shall also be entitled to simultaneously notify the Guarantor in writing of the non-payment of the Instalments. (b) If the Resident does not pay the Operator the pending Instalments within one (1) month from the sending of the Non-Payment Notification, the Operator shall be entitled to, at its discretion: (i) terminate the Agreement for cause; (ii) bar the Resident’s access to the Room, thereby retaining the Resident's personal objects that remain in the Room in accordance with section 5 of article 1922 of the Spanish Civil Code; and/or (iii) initiate the corresponding legal actions. (c) In any case, a delay in the payment of the Instalments by the Resident shall automatically cause to be applied, to the part of the unpaid Instalments, a late payment interest of 10% plus VAT (ii) and a minimum fixed late payment fee of €300. (d) Any expense arising from the failure in timely payment of the Instalments by the Resident, including the expenses arising from any legal and/or judicial actions, shall be borne by the Resident.
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Related to Failure in timely payment of the Instalments

  • Payment Due Date Unless City notifies the Contractor that a dispute exists, Payment shall be made within [Enter number of days, generally ≥ 30] calendar days, measured from (1) the delivery of goods and/or the rendering of services or (2) the date of receipt of the invoice, whichever is later. Payment is deemed to be made on the date on which City has issued a check to Contractor or, if Contractor has agreed to electronic payment, the date on which City has posted electronic payment to Contractor.

  • ▇▇▇▇▇▇▇▇▇ Payment The Company shall pay to you the following amounts: i. the Accrued Obligations, which shall be paid to you in a single lump sum cash payment within fifteen (15) calendar days of the Date of Termination; ii. the Pro Rata Bonus, which shall be paid to you in a single lump sum cash payment no later than the later of (A) fifteen (15) calendar days following the Date of Termination or (B) the effective date of the Waiver and Release; iii. an amount equal to the product of (A) 2.0 times (B) the sum of (1) your Adjusted Base Salary plus (2) the greater of (x) your Target Bonus or (y) the average of the annual bonuses paid or to be paid to you with respect to the immediately preceding three (3) fiscal years, which amount shall be paid to you in a single lump sum cash payment no later than the later of (i) fifteen (15) calendar days following the Date of Termination or (ii) the effective date of the Waiver and Release; iv. if you had previously consented to the Company’s request to relocate your principal place of employment more than forty (40) miles from its location immediately prior to the Change of Control, all unreimbursed relocation expenses incurred by you in accordance with the Company’s relocation policies, which expenses shall be paid to you in a single lump sum cash payment no later than the later of (A) fifteen (15) calendar days following the Date of Termination or (B) the effective date of the Waiver and Release; and v. the Other Benefits, which shall be paid in accordance with the then-existing terms and conditions of such plans, programs or policies.

  • Payment Due Payment for services provided by BellSouth, including disputed charges, is due on or before the next ▇▇▇▇ date. Information required to apply payments must accompany the payment. The information must notify BellSouth of Billing Account Numbers (BAN) paid; invoices paid and the amount to be applied to each BAN and invoice (Remittance Information). Payment is considered to have been made when the payment and Remittance Information are received by BellSouth. If the Remittance Information is not received with payment, BellSouth will be unable to apply amounts paid to Freedom’s accounts. In such event, BellSouth shall hold such funds until the Remittance Information is received. If BellSouth does not receive the Remittance Information by the payment due date for any account(s), late payment charges shall apply.

  • Release Upon Payment in Full Upon Payment in Full, the Administrative Agent, at the written request and expense of the Borrower, will promptly release, reassign and transfer the Collateral to the Loan Parties.

  • Invoicing Payment All invoicing and payment for services performed under this Contract shall be as specified in Attachment B, hereto.