Payment Delays. If Lessee fails to pay to Lessor any amount required by this Work Letter, as and when due, then, without waiver of default or of other rights and remedies, Lessor shall have the right to suspend Lessor’s Work until payment is received; the number of days by which any such suspension delays substantial completion shall be deemed days of delay attributable to and caused by Lessee.
Payment Delays. Payments to the Subrecipient may be delayed for the following reasons:
Payment Delays. In the event of delays in payment by the Principal of any amount due to the Contractor under this Agreement, the Contractor shall be entitled to receive default interest to be calculated on a monthly basis on the unpaid amount at the rate as provided for by Legislative Decree 231/2002. The Contractor shall be entitled to collect such default interest from the time of any delay in payment by the Principal, without any notice being required and without prejudice to any other right, penalty or compensation available under the Agreement or the Applicable Law.
Payment Delays. Cantaloupe reserves the right to delay payments to Operator as follows up to fourteen (14) days if exceptional events occur, including material fluctuations over ordinary sales volumes or any new data requiring considerable modifications.
Payment Delays. The Grantee may delay payments to the Subgrantee at any time before the date of completion of this contract whenever it is determined that the Subgrantee has failed to submit required reports on a timely basis. If the reports are not received by the Grantee by the 10th day of the month, payment may be processed the following month. Payment may also be withheld due to incorrectly submitted financial reports and when work quality and performance in accordance with goals as set forth in the Special Terms and Conditions, General Terms and other parts of this Contract have been deemed inadequate. Payments withheld will be made to the Subgrantee when the compliance issues have been resolved.
Payment Delays. In the event the payment of the purchase price in cash would be delayed as a result of a restriction imposed by a Financing Agreement as provided above, such payment may be made without the application of further conditions or impediments no later than two years after the date the Company’s purchase right or the Grantee’s sale right is exercised in accordance with this Section 7 or, if earlier, as soon as practicable after the payment of such purchase price would no longer result in the violation of the terms or provisions of, or result in a default or event of default under, any Financing Agreement, and such payment shall equal the amount that would have been paid to the Grantee if no delay had occurred plus interest for the period from the date on which the purchase price would have been paid but for the delay in payment provided herein to the date on which such payment is made (the “Delay Period”), calculated at an annual rate equal to the average annual prime rate charged during the Delay Period by a nationally recognized bank designated by the Board (the “Calculated Interest Rate”). Alternatively, the Company may pay the purchase price in the form of a note bearing interest at the Calculated Interest Rate. In the event the Company or the Grantee has exercised its right pursuant to this Section 7 and the Grantee is thereafter deemed terminated for Cause or the Grantee Competes, the Grantee shall be obligated to deliver to the Company, within thirty (30) days of notice thereof, the excess, if any, of the price per share of Common Stock paid by the Company over the Bad Leaver Price.
Payment Delays. If any Party does not make payments within the required payment dates, commencing on such required payment dates such Party shall invoice the nonpaying Party for late payment interest on amounts owed at the Late Payment Rate. The corresponding invoice shall be payable, on demand, following receipt of such invoice by the Party.
Payment Delays. (a) Should any element of cost billed on any invoice be questioned as to its allowability or accuracy, WisDOT may except that cost from payment until the eligibility of the cost item(s) is determined and shall pay the remainder of the invoiced amount per schedule.
Payment Delays. The Owner may withhold or, on account of subsequently discovered evidence, nullify the whole or a part of any Progress Payment Certificate to such an extent as may be necessary to protect himself from loss on account of the following:
Payment Delays. SysPay will not be liable for any delays in receipt of funds or errors in debit and credit entries caused by third parties, including, but not limited to, any Card Scheme, Merchant’s software or the Merchant’s bank.
