Nonpayment of Other Amounts Clause Samples

The Nonpayment of Other Amounts clause establishes that a party's failure to pay sums owed under the agreement, aside from the main payment obligations, constitutes a breach. This can include fees, reimbursements, or other ancillary charges that may arise during the course of the contract. By clearly identifying nonpayment of these additional amounts as a default, the clause ensures that all financial obligations are taken seriously and provides a mechanism for the non-breaching party to seek remedies, thereby reducing the risk of unresolved debts.
Nonpayment of Other Amounts. Failure to make any other payment due and payable hereunder, upon the date when payment is due, such failure continuing for a period of ten (10) Business Days after written notice of such failure;
View SourceView Similar (3)
Nonpayment of Other Amounts. Nonpayment of interest upon any Note or of any other payment Obligations under any of the Loan Documents within five (5) Business Days after the same becomes due.
View Source
Nonpayment of Other Amounts. If the Company fails to pay any other amount due (including, without limitation, redemption payments and amounts due for expense reimbursement) under this Agreement or the Ancillary Documents in full, when and as the same becomes due and payable, and such failure shall be continuing for five (5) business days; or
View Source

Related to Nonpayment of Other Amounts

  • Default Interest; Other Amounts Prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction, a party that defaults in the performance of any payment obligation will, to the extent permitted by law and subject to Section 6(c), be required to pay interest (before as well as after judgment) on the overdue amount to the other party on demand in the same currency as such overdue amount, for the period from (and including) the original due date for payment to (but excluding) the date of actual payment, at the Default Rate. Such interest will be calculated on the basis of daily compounding and the actual number of days elapsed. If, prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction, a party defaults in the performance of any obligation required to be settled by delivery, it will compensate the other party on demand if and to the extent provided for in the relevant Confirmation or elsewhere in this Agreement.

  • Other Amounts Any other amounts payable hereunder that are not paid when due shall (to the fullest extent permitted by law) bear interest, from the date when due until paid in full, at a rate per annum equal at all times to 2.0% per annum above the Applicable Rate in effect from time to time for Base Rate Advances, payable on demand.

  • Non-Payment of Other Debt Any default shall occur under the terms applicable to any Debt of the Company or any Subsidiary in an aggregate amount (for all such Debt so affected) exceeding $10,000,000 and such default shall (a) consist of the failure to pay such Debt when due, whether by acceleration or otherwise, or (b) accelerate the maturity of such Debt or permit the holder or holders thereof, or any trustee or agent for such holder or holders, to cause such Debt to become due and payable (or require the Company or any Subsidiary to purchase or redeem such Debt) prior to its expressed maturity.

  • Payment of Principal, Interest and Other Amounts The Trust will duly and punctually pay the principal of and interest, Additional Interest Amounts and Make-Whole Payments, if any, on the Notes according to the terms of the Notes and this Indenture. Amounts withheld under the Code or state or local tax law by any Person from a payment to a Noteholder will be considered as having been paid by the Trust to the Noteholder.

  • Payment of Other Obligations Obligations other than Loans, including LC Obligations and Extraordinary Expenses, shall be paid by Borrowers as provided in the Loan Documents or, if no payment date is specified, on demand.