No Notice Required Clause Samples
The "No Notice Required" clause establishes that a party is not obligated to provide advance notice to the other party before taking a specified action under the agreement. In practice, this means that certain rights or remedies—such as terminating the contract, enforcing a provision, or exercising a remedy—can be executed immediately without prior warning or communication. This clause is primarily used to expedite actions and eliminate delays that could arise from mandatory notice periods, thereby protecting a party’s interests in situations where prompt action is necessary.
No Notice Required. The directors need not give notice to any shareholder of any declaration under Article 22.2.
No Notice Required. Under no circumstance shall notice, written or oral, be required to terminate this Agreement.
No Notice Required. We will not provide you with notice when fund transfers are credited to your account. You will receive notice of such credits on your account statements. You may contact us to determine whether a payment has been received.
No Notice Required. We will not provide you with next day notice of ACH, wire transfers and other electronic payments credited to your account. You will receive notice of such credits on your account statements. You may contact us to determine whether a payment has been received.
No Notice Required. Lender does not have to notify Guarantor of any of the following events and Guarantor will not be released or exonerated from its obligations under this Guaranty if it is not notified of these events:
5.1. Borrower's failure to pay timely any amount owed under the Secured Promissory Note or any of the other Loan Documents or to pay or perform any of the other Guarantied Obligations;
5.2. Borrower's failure to perform any other obligation under the Secured Promissory Note, Loan Agreement, or any other Loan Document;
5.3. Any sale or other disposition of any collateral for the Secured Promissory Note, for the other Guarantied Obligations, or for any guaranty of the Secured Promissory Note or any of the Guarantied Obligations;
5.4. Lender's acceptance of this Guaranty;
5.5. Any renewal, extension or other modification of the Secured Promissory Note, any other Loan Document, or any of the other Guarantied Obligations; or
5.6. All other notices to which it might be entitled.
No Notice Required. Guarantor will not be released or exonerated from Guarantor's obligations under this Guaranty if Guarantor is not notified by Lender of these events: (i) Borrower's failure to pay timely any amount owed under any of the Loan Documents or to pay or perform any of the other Guarantied Obligations; (ii) Borrower's failure to perform any other obligation under any of the Loan Documents; (iii) any adverse change in Borrower's financial condition of business; (iv) Lender's acceptance of this Guaranty; (v) all other notices to which Guarantor might be entitled.
No Notice Required. If the Borrower with respect to the following provisions shall fail to observe, perform or comply with any term, obligation, covenant, agreement, condition or other provision contained in Sections 5.02, 5.04, 5.07, 5.10, 5.12, 5.13, 5.15, or 5.18 of this Agreement, or any Event of Default occurs under any of the other Borrower Documents.
No Notice Required. This guaranty remains in effect even though you are not given notice of the following:
a) If the Borrower fails to pay any amount due.
b) Of any action taken by the Credit Union with respect to property given by the Borrower as security for the debt.
c) Of any new debts with the Credit Union incurred by the Borrower.
d) Of any renewal, extension or substitution of any of the Borrower's debts.
e) Of the acceptance by the Credit Union of this guaranty.
f) Of any change in the Borrower's financial condition.
g) Of any change in the terms of the Borrower's debts.
No Notice Required. 22.4. Record Date 22.5. Manner of Paying Dividend 22.6. Settlement of Difficulties 22.7. When Dividend Payable 22.8. Dividends to be Paid in Accordance with Number of Shares
No Notice Required. We will not provide you with next day notice of ACH, wire transfers and other electronic payments credited to your account. You will receive notice of such credits on your account statements. You may contact us to determine whether a payment has been received. Interest payments. If we are required by law to pay interest to you, you agree that the rate of interest shall be the lowest available nominal dividend or interest rate paid on accounts during the time interest payments are required. Provisional Credit for ACH Transactions. We may provisionally credit your account for an ACH transfer before we receive final settlement. If we do not receive final settlement, we may reverse the provisional credit or require you to refund us the amount provisionally credited to your account. Payment Order Processing and Cut-off Times. Payment orders we accept will be executed within a reasonable time of receipt. Unless we have agreed otherwise in writing, a payment order may not necessarily be executed on the date it is received or on a particular date you specify. Cut-off times may apply to the receipt, execution and processing of funds transfers, payment orders, cancellations, and amendments. Funds transfers, payment orders, cancellations, and amendments received after a cut-off time may be treated as having been received on the next following funds transfer business day.