Payment arrears. We make a demonstrable effort to collect the contributions and administration costs. We will notify you and the participant if any payment arrears make it necessary to terminate the accrual of pension. Termination takes place by creating a paid-up policy. After a paid-up policy has been created, the net partner’s and orphan’s pension are no longer insured. The insurance for the waiver of contribution in the event of disability will then also be terminated. Creating a paid-up policy also means that no more investments for Investment Pension will be purchased, except in the case of profit-sharing from the ‘S Net Pension’ profit-sharing pool. Profit-sharing is explained in Section 5.1 ‘Profit-sharing on Investment Pension’ of the Aegon Cappital Net Pension Regulations. Pursuant to the Pensions Act (Pensioenwet), we may terminate the risk insurance policies in this way from three months after notification. Until that time, the risk covers are maintained. Paid-up policies can be created with retroactive effect no later than five months prior to the date of notification to the participant. If you do not pay the contributions and administration costs charged to you in full, we will not accept the payment for processing. In such case we will consult with you.
Payment arrears. Any Client in arrears on all or part of the payments due shall incur, without the need for prior notice, annual late-payment interest equal to the legal interest rate, plus two (2) percentage points based on the day following the end of the payment period. Without prejudice to the foregoing, in the event of non-payment, and in compliance with the requirements set forth in Royal Decree 1720/2007, IBERDROLA may notify the credit reporting agencies of incidents of non-payment, after giving the Client notice, in accordance with Clause 12 below. Also, information related to incidences of non-payment that users have incurred shall be included in the Distributor’s Supply Point Information System, to which the Office for Switching Suppliers and marketing entities that request it may have access.
Payment arrears. Should there be any arrears in payments the student authorises Move (or the Agent) to debit the outstanding balance in order to bring the account up to date.
Payment arrears. (e) It is agreed between the parties that only the crediting of the Center's bank account in accordance with Appendix C, shall be regarded as punctual payment of the authorization fees. It is hereby clarified that receipt of a standing order and/or cheque and/or other means of payment shall not be regarded as payment on account of the authorization fees and only the actual and full redemption of each installment of the authorization fees shall constitute payment of the authorization fee for any given month under the provisions of this Contract.
Payment arrears. Developer, its Affiliates, and all Material Project Subcontractors is not currently in arrears in payment of Taxes, permit fees or other statutory, regulatory or judicially required payments to the City or to the State.
Payment arrears. 11.1 If the lessee is in arrears of more than 7 days with payment of any sum that he is due to pay to the lessor according to this agreement, the lessee will pay the lessor on the sum that is in arrears, index linkage differentials and interest at a rate that Bank Hapoalim Ltd. applies at that time to index-linked loans with an addition of 10% per annum, calculated from the day the lessee was due to pay the sum that is in arrears until the day that he actually paid it.
Payment arrears. In the event that the Boat Owner is in arrears of any payment due to Yaringa, and until payments are brought up to date, licence fees will automatically become payable on a monthly basis at the then applicable monthly rate and a monthly accounting fee will apply.
Payment arrears. 4.1 If the Customer fails to comply with the specified payment terms and conditions, or if it becomes insolvent, all our credit balances with it, irrespec- tive of the agreed payment deadlines, are due for payment and can be called in immediately by us.
