No Payments in Certain Circumstances Clause Samples
The "No Payments in Certain Circumstances" clause establishes that a party is not obligated to make payments under specific predefined situations. Typically, this clause applies when events such as force majeure, illegality, or breach of contract occur, thereby suspending or eliminating payment duties. Its core function is to protect parties from financial liability when circumstances beyond their control or certain contract violations arise, ensuring fairness and risk allocation in unforeseen or exceptional scenarios.
POPULAR SAMPLE Copied 1 times
No Payments in Certain Circumstances. PAYMENT OVER OF PROCEEDS UPON DISSOLUTION, ETC. No payment on account of principal of, premium, if any, or interest (and Liquidated Damages, if any) on, or redemption or repurchase of, the Securities shall be made if, at the time of such payment: (i) a default in the payment of principal, premium, if any, or interest or other amounts due on any Senior Debt, including any default under any redemption or repurchase obligation, occurs and is continuing (or, in the case of Senior Debt for which there is a period of grace, in the event of such a default that continues beyond the period of grace, if any, specified in the instrument or lease evidencing such Senior Debt), unless and until such default shall have been cured or waived or shall have ceased to exist; or (ii) a default, other than a payment default, on Designated Senior Debt occurs and is continuing that then permits holders of such Designated Senior Debt to accelerate its maturity and the Trustee receives a notice of the default (a "Payment Blockage Notice") from a Representative. Notwithstanding the foregoing, the Company may make, and the Trustee may receive and shall apply, any payment in respect of the Securities (for principal, premium, if any, or interest (and Liquidated Damages, if any) or repurchase) if such payment was made prior to the occurrence of any of the contingencies specified in clauses (i) and (ii) above. If the Trustee receives any Payment Blockage Notice pursuant to clause (ii) above, no subsequent Payment Blockage Notice shall be effective for purposes of this SECTION 12.2 unless and until (A) at least 365 days shall have elapsed since the effectiveness of the immediately prior Payment Blockage Notice, and (B) all scheduled payments of principal, premium, if any, and interest on the Securities that have come due have been paid in full in cash. No nonpayment default that existed or was continuing on the date of delivery of any Payment Blockage Notice to the Trustee shall be, or be made, the basis for a subsequent Payment Blockage Notice. The Company may and shall resume payments on and distributions in respect of the Securities (including missed payments, if any) upon the earlier of: (i) the date upon which the default is cured or waived, or (ii) in the case of a default referred to in clause (ii) of the second preceding paragraph, 179 days after notice is received if the maturity of such Designated Senior Debt has not been accelerated, unless this Article otherwise prohibits the ...
No Payments in Certain Circumstances. No payment will be payable to the Contractor under any of the following circumstances:
(i) if prohibited under applicable government law, regulation, or policy;
(ii) if the Contractor did not directly perform or complete the Services described in Exhibit A;
(iii) if the Contractor did not perform the Services to the reasonable satisfaction of the Company; or
(iv) if the Services performed occurred after the expiration or termination of the Term, unless otherwise agreed in writing.
No Payments in Certain Circumstances. No payment will be payable to the Consultant under any of the following circumstances:
(i) if prohibited under applicable government law, regulation, or policy;
(ii) if the Consultant did not directly perform or complete the Services described in Exhibit A;
No Payments in Certain Circumstances. No payment will be payable to Vendor under any of the following circumstances:
(i) If prohibited under applicable government law, regulation, or policy;
(ii) If Vendor did not directly perform or complete the Services quoted.
(iii) If the Services performed occurred after the expiration or termination of the Term, unless otherwise agreed in writing.
(iv) If Foundation disputes an invoice sent by Vendor, until invoice dispute has been resolved
No Payments in Certain Circumstances. No payment will be payable to Consultant under any of the following circumstances:
(i) If prohibited under applicable government law, regulation or policy;
(ii) If Consultant did not perform or complete the Services described in SOW #1 or any subsequent SOW;
(iii) If the Services performed occurred after the expiration or termination of the Term of this Agreement, unless otherwise agreed to in writing between the Parties.
No Payments in Certain Circumstances. No payment will be payable to the Agent under any of the following circumstances:
(i) if prohibited under applicable government law, regulation, or policy;
(ii) if the Agent did not perform the Services to the reasonable satisfaction of GK as; or
(iii) if the Services performed occurred after the expiration or termination of the Term, unless otherwise agreed in writing.
No Payments in Certain Circumstances. Notwithstanding the foregoing, no payment shall be payable to CONTRACTOR under any of the following circumstances if:
i. Prohibited under applicable government law, regulation, or policy;
ii. CONTRACTOR or approved subcontractor did not directly perform or complete the Services described in the SOE;
iii. Services are performed after the expiration of the Term or termination of this Agreement, unless otherwise agreed in writing.
No Payments in Certain Circumstances. Notwithstanding the foregoing, no payment shall be payable to the Contractor under any of the following circumstances: if prohibited under applicable government law, regulation, or policy; if the Contractor did not directly perform or complete the Services described in Exhibit A; if the Contractor did not perform the Services to the reasonable satisfaction of RHEMA Group LLC; or if the Services performed occurred after the expiration or termination of the Term of this Agreement, unless otherwise agreed in writing.
No Payments in Certain Circumstances. No payment will be payable to the Manager under any of the following circumstances: Management Services Agreement 2 (i) if prohibited under applicable government law, regulation, or policy;
No Payments in Certain Circumstances. No payment will be payable to the Party Planner under any of the following circumstances:
(i) if prohibited under applicable government law, regulation, or policy;
(ii) if the Party Planner did not directly perform or complete the Services described in Exhibit B;
(iii) if the Party Planner did not perform the Services to the reasonable satisfaction of the Client; or
(iv) if the Services performed occurred after the expiration or termination of the Term, unless otherwise agreed in writing.