Failure to Pay Amounts When Due Sample Clauses

The 'Failure to Pay Amounts When Due' clause defines the consequences and procedures that apply when a party does not make required payments by the agreed deadlines. Typically, this clause outlines the steps the non-breaching party can take, such as charging interest on overdue amounts, demanding immediate payment, or even terminating the agreement if the default continues. Its core function is to incentivize timely payments and provide a clear remedy for late or missed payments, thereby reducing financial risk and uncertainty for the parties involved.
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Failure to Pay Amounts When Due. Except with respect to invoiced amounts disputed in accordance with Section 3.F, Client’s failure to pay amounts payable hereunder when due shall constitute an event of default. Client shall have *** after receipt of written notice to cure any such payment default. PeopleSupport shall have the right to suspend Services under the applicable SOW, after the expiration of such *** period without the provision of written notice if Client fails to make the required payments, including payment of the ***, if applicable, which is due by the *** of PEOPLESUPPORT, INC. CONFIDENTIAL each month and delinquent if not paid by the *** of each month. If there is an uncured, undisputed payment default, PeopleSupport may terminate the Agreement and all SOWs under *** prior written notice.
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Failure to Pay Amounts When Due. The failure of any Party to make when due any payment required to be made pursuant to this Agreement if the failure to pay is not remedied within five (5) business days after written notice of such failure is given to the non-paying Party.
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Failure to Pay Amounts When Due. Should the Company fail to make any interest payment within ten (10) days of the day that it is due, or fail to repay any portion of the principal amount of the Note upon its maturity;
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Failure to Pay Amounts When Due. Subject to the notice and cure provisions provided in this clause, UPS’s failure to pay undisputed amounts when due under the terms and conditions of this Agreement shall constitute an “Event of Default.” In the event that UPS fails to make any payment which constitutes an Event of Default, APAC shall give UPS written notice thereof. UPS shall then have fifteen (15) days to cure such breach.
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Failure to Pay Amounts When Due. If you do not pay the billed amounts when due, they will bear interest at the rate of 2.0% per month, compounded monthly (26.82% per annum), calculated from the date of invoice. Any partial payments will be charged first against the increased interest and then against the outstanding principal, starting with the overdue amounts that are the furthest due date from the payment. We may refer your file to a collection agency if your invoice is not paid sixty (60) days after the due date. We may also suspend your Services or terminate your agreement.
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Failure to Pay Amounts When Due. Client’s failure to pay amounts payable hereunder when due shall constitute an Event of Default. Client shall have ten (10) days after receipt of written notice to cure any such payment default. The foregoing notwithstanding, PeopleSupport shall have the right to suspend Services, without the provision of further written notice, if Client fails to cure such payment default within such ten (10) day period.
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Related to Failure to Pay Amounts When Due

  • 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 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 Pay The Borrower fails to make a payment under this Agreement when due.

  • Failure to Pay Rent Any failure of Concessionaire to timely pay any rent due or any other monetary sums required to be paid hereunder where such failure continues for a period of ten (10) consecutive days after such sums are due.

  • 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.