Immediate Payment Clause Samples
The Immediate Payment clause requires that payments be made by one party to another without delay upon the occurrence of a specified event or upon receipt of an invoice. In practice, this means that as soon as a payment obligation arises—such as delivery of goods or completion of services—the paying party must fulfill its financial obligation promptly, often within a very short, defined timeframe. This clause ensures that the recipient receives funds quickly, reducing cash flow uncertainty and minimizing the risk of late payments.
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Immediate Payment. Each Guarantor agrees to make immediate payment to the Trustee on behalf of the Holders of all Guarantee Obligations owing or payable to the respective Holders upon receipt of a demand for payment therefor by the Trustee to such Guarantor in writing.
Immediate Payment. Each Subsidiary Guarantor shall agree to make immediate payment to the Trustee on behalf of the Holders of all Obligations of the Company and such Subsidiary Guarantor owing or payable to the respective Holders upon receipt of a demand for payment therefor by the Trustee to such Subsidiary Guarantor in writing. Each of the Subsidiary Guarantors agrees that neither the Trustee nor the Holders need attempt to collect any amounts guaranteed hereunder from the Company, any other Subsidiary Guarantor or any other Person or to realize upon any Collateral, but may require any one of the Subsidiary Guarantors to make immediate payment of all of such guaranteed amounts to the Holders when due, whether by maturity, acceleration, redemption or otherwise, or at any time thereafter.
Immediate Payment. The Guarantor agrees to make payment to the Sellers of all payment obligations owing or payable to the Sellers or their Affiliates pursuant to each Transaction Document within five (5) Business Days of receipt of a demand for payment therefor by the Sellers to the Guarantor in writing.
Immediate Payment. If the mortgage goes into default, all of what is owed (including amounts that haven't become due) must, if we choose, be paid immediately.
Immediate Payment. Each Subsidiary Guarantor agrees to make immediate payment to the Trustee on behalf of the Holders of all obligations under the Notes and this Indenture owing or payable to the respective Holders upon receipt of a demand for payment therefor by the Trustee to such Subsidiary Guarantor in writing.
Immediate Payment. Notwithstanding the period for payment stipulated in Clause 11.1:
(a) if legal proceedings shall be commenced by any third party for the bankruptcy or liquidation or winding up of the Customer, unless the Customer can provide evidence satisfactory to the Operator that such proceedings are frivolous or vexatious and can be dismissed within 15 days;
(b) if the Customer shall make any offer of composition to its creditors (except in the case of a voluntary reorganisation not including the insolvency of the Customer);
(c) if any order of distress or attachment or similar order shall be made against any property of the Customer and is in respect of an amount greater than US$5,000,000 and remains undischarged for 14 days;
(d) if the Customer shall cease to carry on the business in which it was engaged at the commencement of effect of the Agreement; or
(e) if the Customer shall fail to perform or observe any material term or condition of the Agreement, all sums due from the Customer to the Operator shall become immediately due and payable.
Immediate Payment. If we choose, all of what is owed (including amounts that haven't become due) must be paid immediately if any of the following things happens: • The managing body fails to comply with a material obligation under condominium law or the condominium rules. • A court makes a judgment or order against the managing body. • The managing body, in our opinion, materially fails to manage the complex in a prudent manner. • A court appoints an inspector, administrator or similar officer under condominium law. • The managing body becomes bankrupt. • Substantial work is started on the complex, or there is a substantial increase in the common expenses or a substantial decrease in the services that the managing body provides, or a step is taken for any of those things. • There is a material change to any of the condominium rules, or a step is taken for that. • There is substantial damage to the complex. • The complex or part of it ceases to be governed by condominium law or the condominium rules, or is sold or expropriated, or the managing body is amalgamated, or the condominium is terminated, or a step is taken for any of those things.
Immediate Payment. Without derogating from the generality of the provisions in this Agreement, the Lender may, in any of the events set out below and at its sole discretion, call for immediate payment of the Loan. In this case, the Borrower shall pay the Lender the entire outstanding balance of the loan (including interest and linkage differences accrued up to the actual payment date), provided the Lender provides the Borrower with 14 days written notice. The events are as follows:
8.1 The Borrower or its wholly-owned subsidiary receives notice from any creditor that there is cause, under agreements between the creditor and the Borrower or its wholly-owned subsidiary, as the case may be, to demand early and/or immediate payment of the debt that the Borrower or its wholly-owned subsidiary owes the creditor, which is material to the Borrower.
8.2 The Borrower breaches any of its material obligations under this Agreement and/or it emerges that any of its declarations are incorrect.
8.3 A motion is filed in court against the Borrower or a company held by the Borrower, which is material to the Borrower (“the Material Company”), for a stay of proceedings under section 350 of the Companies Law or under any other law in its place, and this motion is not removed within 45 days after it was filed or there is a stay of proceedings against the Borrower or the Material Company.
8.4 An application is filed in court against the Borrower or the Material Company for liquidation or for the appointment of a temporary or permanent receiver and this application is not revoked within 45 days after it is filed, or the court appoints a receiver for the Borrower or the Material Company.
8.5 An application is filed in court against the Borrower or the Material Company for the appointment of a receiver or a temporary or permanent special administrator, for all of the assets, or for a material part of the assets of the Borrower or the Material Company and this application is not revoked within 45 days after it is filed, or the court appoints a receiver or special administrator for all of the assets, or for a material part of the assets, of the Borrower or the Material Company.
8.6 An application is filed in court to place an attachment on or to take possession of material property of the Borrower or the Material Company and this application is not revoked within 45 days after it is filed.
Immediate Payment. Each Subsidiary Guarantor, upon the execution and delivery of a Note Guarantee pursuant to Section 4.14, shall hereby agree to make immediate payment to the Trustee, on behalf of the Holders or itself, of all Note Obligations due and owing or payable to the respective Holders or the Trustee upon receipt of a demand for payment therefor by the Trustee to such Subsidiary Guarantor in writing.
Immediate Payment. SECTION 11.07 No Set-Off. SECTION 11.08 Obligations Absolute.