Common use of Failure to Pay or Deliver Clause in Contracts

Failure to Pay or Deliver. Section 5(a)(i) does not apply to Party B in the case of a failure to pay or deliver caused by the assets then available to Party B being insufficient to make the related payment or delivery in full on the relevant payment or delivery date or the first Local Business Day or Local Delivery Day, as the case may be, after notice of such failure is given to Party B.

Appears in 13 contracts

Samples: Master Agreement, Master Agreement, Master Agreement

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Failure to Pay or Deliver. Section 5(a)(i) does not apply to Party B in the case of a failure to pay or deliver caused by the assets then available to Party B being insufficient to make the related payment or delivery in full on the relevant payment or delivery date or the first Local Business Day or Local Delivery Day, as the case may be, after notice of such failure is given to Party B; provided that this Part 1(h) does not apply to any payment or delivery obligations of Party B under the Credit Support Annex dated the date hereof between Party A and Party B.

Appears in 7 contracts

Samples: 2002 Master Agreement, 2002 Master Agreement, 2002 Master Agreement

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Failure to Pay or Deliver. Section 5(a)(i) does not apply to Party B in the case of a failure to pay or deliver caused by the assets then available to Party B being insufficient to make the related payment or delivery in full on the relevant payment or delivery date or the first Local Business Day or Local Delivery Day, as the case may be, after notice of such failure is given to Party B.

Appears in 1 contract

Samples: 2002 Master Agreement

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