Non-payment of deposit Sample Clauses

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Non-payment of deposit. If the deposit is not paid as required by special condition 6.1, the Buyer is in breach of the Buyer’s obligations under this contract and the Seller may terminate this contract by notice to the Buyer without prejudice to any other right or remedy available to the Seller.
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Non-payment of deposit. The Vendors may not cancel this Agreement for non-payment of the Deposit payable in accordance with clause 3.2a unless the Vendors have first given to the Purchaser 3 working days notice in writing of the Vendors’ intention to cancel and the Purchaser has failed within that time to remedy that default. No notice of cancellation will be effective if, before the expiry of the 3 working day period referred to in the notice, the Deposit has been paid.
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Non-payment of deposit. If Buyer does not make any payment as required under this contract; Artisans shall cease all work on the project. Buyer further shall have forfeited Buyer’s initial deposit and will be required to make a new initial deposit prior to Artisans’ commencement of work. Failure to pay the outstanding balance at the time of delivery shall entitled Artisans to retain possession of the goods in addition to all remedies provided below. In the event of a dispute under or arising out of non-payment, the Artisans shall be entitled to monetary and equitable damages, interest of 18% annually, attorney fees and costs of suit.
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Related to Non-payment of deposit

  • Payment of Deposit That the Licensee have paid / shall pay the above mentioned deposit/premium as mentioned above by Cash. Amount Rs.50000/-(Fifty Thousand Only)

  • Payment of Deposits In the event any depositor does not accept the obligation of the Assuming Institution to pay any Deposit liability of the Failed Bank assumed by the Assuming Institution pursuant to this Agreement and asserts a claim against the Receiver for all or any portion of any such Deposit liability, the Assuming Institution agrees on demand to provide to the Receiver funds sufficient to pay such claim in an amount not in excess of the Deposit liability reflected on the books of the Assuming Institution at the time such claim is made. Upon payment by the Assuming Institution to the Receiver of such amount, the Assuming Institution shall be discharged from any further obligation under this Agreement to pay to any such depositor the amount of such Deposit liability paid to the Receiver.

  • Non-Payment The Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein, any amount of principal of any Loan or any L/C Obligation, or (ii) within three days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any fee due hereunder, or (iii) within five days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or

  • Non-Payment of Fees Timely payment of fees owing under this Section 5 is a material condition of performance under this Agreement. In the event that Registrar fails to pay its fees within five (5) days of the date when due, Verisign may: (i) stop accepting new initial or renewal registrations from Registrar; (ii) delete the domain names associated with invoices not paid in full from the Registry database; (iii) give written notice of termination of this Agreement pursuant to Section 6.1(b) below; and (iv) pursue any other remedy under this Agreement.

  • Non-Payment of Obligations Borrower shall default in the payment or prepayment when due of any principal of any Loan, or Borrower shall default (and such default shall continue unremedied for a period of five (5) Business Days) in the payment when due of any interest, fee or of any other obligation hereunder.