Default in Repayment Sample Clauses

Default in Repayment. 8.1 If the Producer fails to pay when due under clause 6 or 17, then:
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Default in Repayment. Upon default by Jesperator in repayment of the Loan, which default exists on or following June 1, 2006 and is not cured within ninety (90) days of written notice thereof by C&C to Jesperator, C&C may declare the total unpaid balance due and payable, or may, in lieu of further repayment of the loan convert any unpaid portion of the Loan into equity in Jesperator pursuant to Section 3.5 below.
Default in Repayment. 19.1 If a balance shall be owing to you when the Account(s) shall be closed I shall, so long as the same or any part thereof shall remain due, pay to you chuyển theo hoặc liên quan đến Thư Tín dụng hoặc liên quan đến bất kỳ hối phiếu nào được ký phát theo Thư Tín dụng (cho dù các chứng từ, hàng hóa hoặc tài sản đó có được giao cho tôi hoặc theo lệnh của tôi khi xuất trình biên nhận ủy thác hoặc biên nhận của người nhận giữ hay không); và (iii) tiền thu được từ mỗi và toàn bộ các tài sản trên, cho đến thời điểm toàn bộ các nghĩa vụ và/hoặc các khoản nợ của tôi đối với ngân hàng vào bất kỳ thời điểm nào tồn tại theo bản Điều khoản và Điều kiện này, hoặc các Hạn mức Tín dụng hoặc văn bản khác, đã được thanh toán đầy đủ và được giải trừ. Tất cả hoặc bất kỳ tài sản và/hoặc chứng từ nào như thế và các khoản tiền thu được từ tài sản và/hoặc chứng từ đó được ngân hàng hoặc ngân hàng đại lý của ngân hàng nắm giữ, có thể được ngân hàng giữ và định đoạt theo quy định trong văn bản này, và các bên hiểu rằng việc lập Quỹ Thanh toán hoặc việc ngân hàng hoặc bất kỳ ngân hàng đại lý nào của ngân hàng nhận được vào bất kỳ thời điểm nào tài sản bảo đảm khác có bất kỳ tính chất nào, kể cả tiền mặt, cũng không được xem là việc từ bỏ bất kỳ quyền hoặc quyền hạn nào của ngân hàng theo văn bản này.
Default in Repayment. 17.1 In the event that you fail to make any payment under the Agreement, you will be liable to pay the Bank, in addition to the amount which is overdue, default interest at such rate as may be specified by the Bank from time to time on all sums overdue from the date payment was due until the date of actual payment, and the prevailing standard late payment charge.
Default in Repayment. In the event that you fail to make any Instalment Payment(s) on or before the specified due dates and your account is in default, Moby Money shall have the right to do the following as described herein: - • Moby Money may suspend your MOBYPAY account with immediate effect without any prior notice being given to you; • Moby Money may grant a period of seven (7) days to you to regularise your MOBYPAY account; and/or if no payment is received within twenty-one (21) days from the specified due dates as specified in the Payment Schedule annexed herein, your account may be terminated In the event of termination or annulment of this Agreement, take note that Moby Money may commence legal proceedings without further reference to you in order to recover the balance of the outstanding Instalment Payment or any part thereof and any other fees from you. In the event of default in repayment of any Instalment Payment(s) or any part thereof to Moby Money under this Agreement, Moby Money shall be entitled to charge late payment charge on such unpaid instalment(s) or any part thereof until full payment has been received. The late payment charges are as per the table below:- Late Pmt Charges Transaction Value 1-500 15.00 501-1000 25.00 1001-2000 35.00 2001-5000 50.00 5001-10000 75.00 10001and above 100.00 Moby Money may, at their sole discretion, impose or waive wholly or partly, any late payment charge on you for any default in repayment. ORDER CONFIRMATION/CANCELLATION OF ORDER All Orders that you have placed with Moby Money shall be subject to Moby Money’s approval at their sole discretion. Moby Money retains the discretion to refuse approval of your Order or to refuse to provide XXXXXXX to you, or may cancel an approved Order before the goods and/or services are delivered or supplied on any of the following grounds: • To protect the integrity of Moby Money’s systems or MOBYPAY; • To prevent fraud; • To limit the risk of money laundering and/or terrorism financing; • To otherwise protect Moby Money against legal, regulatory or non-payment risks; If you do not pass Moby Money’s assessment or checks; • If an Order is made with an unauthorised merchant of Moby Money in a different jurisdiction; • If you have breached this Agreement; or • If Moby Money reasonably considers the activity associated with your Account to be suspicious. In the event of cancellation of an approved Order by the Moby Money:-

Related to Default in Repayment

  • Default in Payment Any payment not made within ten (10) business days after it is due in accordance with this Agreement shall thereafter bear interest, compounded annually, at the prime rate in effect from time to time at Citibank, N.A., or any successor thereto. Such interest shall be payable at the same time as the corresponding payment is payable.

  • Default in Payment of Principal of Loans and Reimbursement Obligations The Borrower shall default in any payment of principal of any Loan or Reimbursement Obligation when and as due (whether at maturity, by reason of acceleration or otherwise).

  • Post-Default Interest Upon the occurrence, and during the continuance, of any Event of Default, the unpaid principal amount of each Advance shall bear interest at a rate per annum equal at all times to 2% per annum above the rate per annum otherwise required to be paid on such Advance in accordance with subsection (a), (b) or (c) above; provided that any amount of principal which is not paid when due (whether at stated maturity, by acceleration or otherwise) shall bear interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to the greater of (x) 2% per annum above the Base Rate in effect from time to time and (y) 2% per annum above the rate per annum required to be paid on such Advance immediately prior to the date on which such amount became due.

  • Prepayments After Default Following an Event of Default, if Borrower or anyone on Borrower's behalf makes a tender of payment of all or any portion of the Debt at any time prior to a foreclosure sale (including a sale under the power of sale under the Mortgage), or during any redemption period after foreclosure, (i) the tender of payment shall constitute an evasion of Borrower's obligation to pay any Prepayment Consideration due under this Agreement and such payment shall, therefore, to the maximum extent permitted by law, include a premium equal to the Prepayment Consideration that would have been payable on the date of such tender had the Loan not been so accelerated, or (ii) if at the time of such tender a prepayment of the principal amount of the Loan would have been prohibited under this Agreement had the principal amount of the Loan not been so accelerated, the tender of payment shall constitute an evasion of such prepayment prohibition and shall, therefore, to the maximum extent permitted by law, include an amount equal to the greater of (i) 1% of the then principal amount of the Loan (or the relevant portion thereof being prepaid) and (ii) an amount equal to the excess of (A) the sum of the present values of a series of payments payable at the times and in the amounts equal to the payments of principal and interest (including, but not limited to the principal and interest payable on the Maturity Date) which would have been scheduled to be payable after the date of such tender under this Agreement had the Loan (or the relevant portion thereof) not been accelerated, with each such payment discounted to its present value at the date of such tender at the rate which when compounded monthly is equivalent to the Prepayment Rate, over (B) the then principal amount of the Loan.

  • Permitted Prepayment Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances, provided Borrower (i) delivers written notice to Bank of its election to prepay the Term Loan Advances at least ten (10) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (B) the Final Payment, (C) the Prepayment Fee, and (D) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

  • Default Interest Upon the occurrence and during the continuance of an Event of Default under Section 6.01(a), the Agent may, and upon the request of the Required Lenders shall, require the Borrower to pay interest (“Default Interest”) on (i) the unpaid principal amount of each Advance owing to each Lender, payable in arrears on the dates referred to in clause (a)(i) or (a)(ii) above, at a rate per annum equal at all times to 2% per annum above the rate per annum required to be paid on such Advance pursuant to clause (a)(i) or (a)(ii) above and (ii) to the fullest extent permitted by law, the amount of any interest, fee or other amount payable hereunder that is not paid when due, from the date such amount shall be due until such amount shall be paid in full, payable in arrears on the date such amount shall be paid in full and on demand, at a rate per annum equal at all times to 2% per annum above the rate per annum required to be paid on Base Rate Advances pursuant to clause (a)(i) above; provided, however, that following acceleration of the Advances pursuant to Section 6.01, Default Interest shall accrue and be payable hereunder whether or not previously required by the Agent.

  • Compounding of default interest Any such interest which is not paid at the end of the period by reference to which it was determined shall thereupon be compounded.

  • Default in Performance (i) Any Loan Party shall fail to perform or observe any term, covenant, condition or agreement on its part to be performed or observed and contained in Section 8.4.(h) or Article IX.; or

  • Mandatory Prepayment Upon an Acceleration If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment Fee, (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due 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.

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