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or", "snippet_links": [{"key": "the-borrower", "type": "clause", "offset": [0, 12]}, {"key": "fails-to-pay", "type": "clause", "offset": [13, 25]}, {"key": "as-required", "type": "clause", "offset": [39, 50]}, {"key": "principal-of", "type": "definition", "offset": [84, 96]}, {"key": "any-loan", "type": "clause", "offset": [97, 105]}, {"key": "days-after", "type": "definition", "offset": [140, 150]}, {"key": "interest-on-any", "type": "clause", "offset": [177, 192]}, {"key": "amount-payable", "type": "clause", "offset": [211, 225]}, {"key": "with-respect-to", "type": "clause", "offset": [239, 254]}, {"key": "loan-document", "type": "clause", "offset": [265, 278]}], "size": 472, "hash": "dcd319fd5c06f393835f98e852aee67a", "id": 5}, {"samples": [{"hash": "k2Rupe3o4o2", "uri": "/contracts/k2Rupe3o4o2#non-payment", "label": "Credit Agreement (Halozyme Therapeutics, Inc.)", "score": 37.1286773682, "published": true}, {"hash": "jUabR2A4G46", "uri": "/contracts/jUabR2A4G46#non-payment", "label": "Credit Agreement (QuidelOrtho Corp)", "score": 36.6358642578, "published": true}, {"hash": "dIB4sA3rNEH", "uri": "/contracts/dIB4sA3rNEH#non-payment", "label": "Credit Agreement (Halozyme Therapeutics, Inc.)", "score": 33.3915138245, "published": true}], "snippet": "The Borrower or any other Loan Party fails to (i) pay when and as required to be paid herein, any amount of principal of any Loan or any L/C Obligation or deposit any funds as Cash Collateral in respect of L/C Obligations, or (ii) pay within three days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any fee due hereunder, or (iii) pay within five days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or", "snippet_links": [{"key": "the-borrower", "type": "clause", "offset": [0, 12]}, {"key": "loan-party", "type": "definition", "offset": [26, 36]}, {"key": "as-required", "type": "clause", "offset": [63, 74]}, {"key": "principal-of", "type": "definition", "offset": [108, 120]}, {"key": "any-loan", "type": "clause", "offset": [121, 129]}, {"key": "cash-collateral", "type": "clause", "offset": [176, 191]}, {"key": "in-respect-of", "type": "definition", "offset": [192, 205]}, {"key": "days-after", "type": "definition", "offset": [248, 258]}, {"key": "interest-on-any", "type": "clause", "offset": [285, 300]}, {"key": "five-days", "type": "clause", "offset": [378, 387]}, {"key": "amount-payable", "type": "clause", "offset": [426, 440]}, {"key": "loan-document", "type": "clause", "offset": [470, 483]}], "size": 708, "hash": "7d2d320b15c8cc08e1da50da1c817d27", "id": 4}, {"samples": [{"hash": "9WYg0MVcgPS", "uri": "/contracts/9WYg0MVcgPS#non-payment", "label": "Credit Facility Agreement (Telesystem International Wireless Inc)", "score": 21.0, "published": true}, {"hash": "7XZWiK9z7KS", "uri": "/contracts/7XZWiK9z7KS#non-payment", "label": "Credit Facility (Tele2 Ab)", "score": 21.0, "published": true}, {"hash": "1aVyHB12SwP", "uri": "/contracts/1aVyHB12SwP#non-payment", "label": "Senior Credit Agreement (Kabel Deutschland Vertrieb Und Service GmbH & Co. KG)", "score": 19.566734314, "published": true}], "snippet": "An Obligor does not pay on the due date any amount payable by it under the Finance Documents in the manner required under the Finance Documents, unless the non-payment:\n(a) is caused by technical or administrative error; and\n(b) is remedied within three Business Days of the due date.", "snippet_links": [{"key": "an-obligor", "type": "clause", "offset": [0, 10]}, {"key": "pay-on", "type": "definition", "offset": [20, 26]}, {"key": "due-date", "type": "definition", "offset": [31, 39]}, {"key": "amount-payable", "type": "clause", "offset": [44, 58]}, {"key": "the-finance-documents", "type": "clause", "offset": [71, 92]}, {"key": "the-non", "type": "clause", "offset": [152, 159]}, {"key": "caused-by", "type": "clause", "offset": [176, 185]}, {"key": "administrative-error", "type": "definition", "offset": [199, 219]}, {"key": "business-days-of", "type": "clause", "offset": [254, 270]}], "size": 416, "hash": "e79188f616d5cef915b683c6878742a3", "id": 6}], "next_curs": "ClQSTmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhRub24tcGF5bWVudCMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["events-of-default", "Events of Default"], ["events-of-default-and-remedies", "Events of Default and Remedies"], ["event-of-default", "Event of Default"], ["default", "Default"], ["miscellaneous", "Miscellaneous"]], "children": [["", ""], ["general-terms", "General Terms"], ["insurance", "INSURANCE"], ["change-of-ownership", "CHANGE OF OWNERSHIP"], ["delivery", "DELIVERY"]], "title": "Non-Payment", "size": 11987, "id": "non-payment", "related": [["termination-payment", "Termination Payment", "Termination Payment"], ["non-payment-of-fees", "Non-Payment of Fees", "<strong>Non-Payment</strong> of Fees"], ["termination-payments", "Termination Payments", "Termination Payments"], ["\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587-payment", "\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 Payment", "\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 Payment"], ["compensation-payment", "Compensation & Payment", "Compensation &amp; Payment"]], "related_snippets": [], "updated": "2026-05-21T04:35:46+00:00", "also_ask": ["What remedies and penalties should be included to deter non-payment effectively?", "How can the clause be drafted to ensure swift enforcement in court?", "What are the most common negotiation points for non-payment provisions?", "How does this clause compare to industry standards or statutory requirements?", "What are the critical risks if the non-payment clause is vague or incomplete?"], "drafting_tip": "Specify payment deadlines to prevent disputes, outline remedies for non-payment to ensure enforceability, and define notice requirements to provide clarity for both parties.", "explanation": "The Non-Payment clause defines the consequences and procedures that apply when one party fails to make required payments under the agreement. Typically, this clause outlines the timeframe within which payment must be made, any grace periods allowed, and the remedies available to the non-breaching party, such as charging interest on overdue amounts or suspending services until payment is received. Its core function is to protect the party expecting payment by providing clear recourse in the event of non-payment, thereby reducing financial risk and encouraging timely fulfillment of payment obligations."}, "json": true, "cursor": ""}}