Failure to Make Timely Payment Clause Samples

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Failure to Make Timely Payment. If Company fails to make timely payment of any amount due under Section 3.2, simple interest shall accrue on such unpaid amount at 6% per annum beginning on the payment due date of such amount and ending when paid in full. Interest shall be paid to the Recipient quarterly. The accrual and payment of such interest shall be the sole and exclusive remedy of the Recipient for failure of the Company to make any of the payments described in Section 3.2.
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Failure to Make Timely Payment. Should LICENSEE fail to make any payment whatsoever due and payable to the LICENSOR hereunder, the LICENSOR may, at its sole option, terminate this Agreement as provided in Paragraph 10.2
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Failure to Make Timely Payment. If User fails to make any timely payment required by this Agreement, the Agreement shall be void.
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Failure to Make Timely Payment. If Tenant fails to pay in accordance with the terms of this Exhibit D, all delinquent sums shall accrue interest at the rate set forth in subsection (C) of Section 3 of the Lease, commencing on the date such payment became due.
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Failure to Make Timely Payment. If User fails to make any timely payment required by this Agreement, the Agreement shall be void. If the fee is not paid by June 1, 2022, the membership will be automatically terminated.
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Failure to Make Timely Payment. If Customer fails to pay any undisputed amount payable by it under this Agreement within thirty (30) days of receipt of an invoice and such amount remains unpaid ten (10) days following written notice to Customer of such delinquency, Consultant will be entitled to suspend performance of any additional Service and/or withhold any additional deliverable under this Agreement.
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Failure to Make Timely Payment. If Company fails to make timely payment of any amount due under Section 3.2, then in addition to any remedies Recipient may have under this Agreement or at law, simple interest shall accrue on such unpaid amount at 6% per annum beginning on the payment due date of such amount and ending when paid in full. Interest shall be paid to the Recipient quarterly.” 2. Pursuant to Section 3.4.2 of the Agreement, Recipient hereby elects to subscribe for a number of shares of Lenco’s Series A Convertible Preferred Stock (the “Shares”) having a value, as of the date of this Amendment and Election, equal to the aggregate amount of payables set forth in Section 3.2.4 of the Agreement. Upon issuance of the Shares, the corresponding amount of payables set forth in Section 3.2.4 will be cancelled. The Shares shall be issued concurrently with the execution of this Amendment and Election, and shall be subject to the following terms and conditions:
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Failure to Make Timely Payment. CS Medical may terminate this Agreement upon ten (10) days written notice if Licensee fails to timely make any payment required by this Agreement and fails to cure the nonpayment within ten (10) days of written notice thereof from Licensee.
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Failure to Make Timely Payment. Failure by the Company to make payment of any of the amounts due pursuant to Sections 3.2 through 3.5 within four (4) days of the Effective Date, or to make any other payment within thirty (30) days of the due date for such payment, shall be deemed a fundamental breach of this Agreement.
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Related to Failure to Make Timely Payment

  • Failure to Make Payment In the event a participating Authorized User fails to make payment to the Contractor for Products delivered, accepted and properly invoiced, within thirty calendar days of such delivery and acceptance, the Contractor may, upon five business days advance written notice to both the Commissioner and the Authorized User’s purchasing official, suspend additional shipments of Product or provision of services to such entity until such time as reasonable arrangements have been made and assurances given by such entity for current and future Contract payments.

  • Failure to Make Payments If the Company fails to make any payment of interest on this Subordinated Note when such interest becomes due and payable and such default continues for a period of 30 days, or if the Company fails to make any payment of the principal of this Subordinated Note when such principal becomes due and payable, the Company will, upon demand of the Trustee, pay to the Trustee, for the benefit of the Holder, the whole amount then due and payable with respect to this Subordinated Note, with interest upon the overdue principal, any premium and, to the extent permitted by applicable law, upon any overdue installments of interest at the rate or respective rates, as the case may be, provided for or with respect to this Subordinated Note or, if no such rate or rates are so provided, at the rate or respective rates, as the case may be, of interest borne by this Subordinated Note. Upon an Event of Default, the Company may not declare or pay any dividends or distributions on, or redeem, purchase, acquire, or make a liquidation payment with respect to, any of the Company’s capital stock, make any payment of principal or interest or premium, if any, on or repay, repurchase or redeem any debt securities of the Company that rank equal with or junior to this Subordinated Note, or make any payments under any guarantee that ranks equal with or junior to this Subordinated Note, other than: (i) any dividends or distributions in shares of, or options, warrants or rights to subscribe for or purchase shares of, any class of Company’s common stock; (ii) any declaration of a dividend in connection with the implementation of a shareholders’ rights plan, or the issuance of stock under any such plan in the future, or the redemption or repurchase of any such rights pursuant thereto; (iii) as a result of a reclassification of Company’s capital stock or the exchange or conversion of one class or series of Company’s capital stock for another class or series of Company’s capital stock; (iv) the purchase of fractional interests in shares of Company’s capital stock in accordance with the conversion or exchange provisions of such capital stock or the security being converted or exchanged; or (v) purchases of any class of Company’s common stock related to the issuance of common stock or rights under any benefit plans for Company’s directors, officers or employees or any of Company’s dividend reinvestment plans.

  • Failure to Make Payments When Due Failure by the Borrower to pay (i) any installment of principal of any Loan when due, whether at stated maturity, by acceleration, by notice of voluntary prepayment, by mandatory prepayment or otherwise; or (ii) any interest on any Loan or any fee or any other amount due hereunder within five Business Days after the date due; or

  • Failure to Return Failure of the employee to return pursuant to the date determined in this Section will constitute grounds for termination by the School District unless the School District and the employee mutually agree to an extension of the leave.

  • OUR LIABILITY FOR FAILURE TO STOP PAYMENT If You order Us to place a stop payment on one of Your pre-authorized payments 3 business days or more before the transfer is scheduled, and We do not do so, We will be liable for losses or damages, to the extent provided by law. TRANSACTION SLIPS. Except for mail-in transactions and certain small-value transactions, You can get a receipt at the time You make any transaction to or from Your Account through the use of Your Card. When an electronic fund transfer has been made during any given month, You will receive a monthly statement to reflect all electronic fund transfers to or from Your Account during that statement period. In any case, You will receive a statement at least quarterly. FEES. We may assess reasonable charges against Your Account for transactions performed at electronic terminals. If so, We will specify any charges for these or other types of electronic transactions, including automatic transfers, on an accompanying pricing document. We will explain the charges to You when You open Your Account. You will be provided with a fee schedule, and other specified information after Your Account is established. Additional fee schedules are available at any of Our office locations. When You use an ATM not owned by Us, You may be charged a fee by the ATM operator, or any network used, and You may be charged a fee for a balance inquiry even if You do not complete a fund transfer.