Notification of late payment Sample Clauses

The Notification of Late Payment clause requires one party to formally inform the other if a payment is not received by the agreed deadline. Typically, this clause outlines the method and timeframe for delivering such notice, such as requiring written notification within a certain number of days after the missed payment. Its core function is to ensure clear communication about payment issues, allowing both parties to address and resolve late payments promptly and reducing the risk of misunderstandings or disputes.
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Notification of late payment procure the New York Paying Agent to notify the Note Trustee forthwith in the event that it does not, by the due date for any payment in respect of the Notes (or any of the them), receive unconditionally pursuant to the Paying Agency and Agent Bank Agreement payment of the full amount in Dollars of the monies payable in accordance with the Conditions on such due date in respect of all such Notes;
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Notification of late payment in the event of the unconditional payment to the Paying Agents or the Note Trustee of any sum due in respect of any of the Current Issuer Notes or any of them being made after the due date for payment thereof, forthwith give or procure to be given notice to the relevant Noteholders in accordance with the Current Issuer Conditions that such payment has been made;
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Notification of late payment. In the event of the unconditional payment to the Principal Paying Agent or the Trustee of any sum due in respect of the Bonds or any of them or any of the Coupons being made after the due date for payment thereof, forthwith give notice to the Bondholders that such payment has been made;
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Notification of late payment. The Principal Paying Agent shall as soon as reasonably practicable notify in writing each of the other Paying Agents, the Issuer and the Trustee if at any time following the giving of a notice by the Principal Paying Agent under Clause 5.3 either any payment provided for in Clause 5.1 is made after its due date but otherwise in accordance with this Agreement or the Principal Paying Agent is satisfied that it will receive such payment. In such circumstances, the Principal Paying Agent and each Agent shall nevertheless make payments in respect of the Notes as aforesaid following receipt by it of such payment in cleared and identified funds.
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Notification of late payment if unconditional payment to the Paying Agent or the Trustee of any sum due in respect of the Notes is made after the due date for such payment, forthwith give notice to the Noteholders in accordance with the Conditions that such payment has been made;
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Notification of late payment. Upon the occurrence of a late payment, Boost shall issue a written notification to the Customer. This notification will detail the overdue amount, the accruing late payment fee, and a reminder of the payment terms specified in the contract.
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Notification of late payment. If the Principal Paying Agent has not on the due date in accordance with the Conditions received the full amount of principal and/or interest then payable on the Notes but receives such full amount later, it shall: (i) promptly notify the Trustee, the Issuer and the Guarantor in writing; (ii) if Definitive Notes have been issued, promptly notify the Paying Agent thereof; and (iii) if requested by the Trustee, as soon as practicable give due notice, in accordance with Condition 17 as modified, if relevant, by the terms of the relevant Global Note, to the Noteholders and the Trustee that it has received such full amount.
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Notification of late payment. If the Principal Paying Agent has not on the due date in accordance with the Conditions received the full amount of principal and/or interest then payable on the Notes but receives such full amount later, it shall: (i) promptly notify the Trustee, the Issuer and the Guarantor in writing; (ii) if Definitive Notes have been issued, promptly notify the Paying Agent thereof; and (iii) if requested by the Trustee, as soon as practicable give due notice, in accordance with Condition 17 as modified, if relevant, by the terms of the relevant Global Note, to the Noteholders and the Trustee that it has received such full amount.
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Related to Notification of late payment

  • Notification of Layoff A bargaining unit member to be laid off shall be notified, in writing, at least fifteen (15) work days prior to the effective date of layoff, except that when emergency funding situations exist, this notification period can be shortened. The notification shall include: 1. reasons for the layoff 2. effective date of the layoff 3. seniority list of bargaining unit members 4. list of vacancies 5. bumping rights as identified in 18.7 & 18.8

  • Notification of Non-payment The Global Agent shall forthwith notify Freddie Mac by facsimile, e-mail or other rapid means of communication if it has not received the full amount for any payment due in respect of the Notes on the date such payment is due. The Global Agent shall have no liability, responsibility, duty or obligation to any Holder or beneficial owner of Notes to take any action against Issuer in the event that Issuer fails to make available funds sufficient to pay amounts due and payable and owing to any Holder on any Payment Date. The Global Agent shall give issuance instructions to DTC in accordance with DTC’s procedures.

  • Notification of Legal Requests Contractor shall immediately notify City upon receipt of any subpoenas, service of process, litigation holds, discovery requests and other legal requests (“Legal Requests”) related to all data given to Contractor by City in the performance of this Agreement (“City Data” or “Data”), or which in any way might reasonably require access to City’s Data, and in no event later than 24 hours after it receives the request. Contractor shall not respond to Legal Requests related to City without first notifying City other than to notify the requestor that the information sought is potentially covered under a non-disclosure agreement. Contractor shall retain and preserve City Data in accordance with the City’s instruction and requests, including, without limitation, any retention schedules and/or litigation hold orders provided by the City to Contractor, independent of where the City Data is stored.

  • Notification of Error The Trust will notify USBFS of any discrepancy between USBFS and the Trust, including, but not limited to, failing to account for a security position in the Fund’s portfolio, upon the later to occur of: (i) three business days after receipt of any reports rendered by USBFS to the Trust; (ii) three business days after discovery of any error or omission not covered in the balancing or control procedure; or (iii) three business days after receiving notice from any shareholder regarding any such discrepancy.

  • Notification of LIBOR On each LIBOR Determination Date, the Indenture Trustee will send to the Servicer, the Issuer and the Administrator by facsimile transmission, notification of LIBOR for the following Interest Period.