Payment on Default. If the Debtor defaults in the due and punctual payment of any of the Guaranteed Money, the Guarantor will pay that money to the Beneficiary on demand.
Payment on Default. In the event that an Event of Default shall occur, then the Company shall pay to the Holder the whole amount which then shall have become due on the Debenture for principal and interest, and in addition thereto, such additional amount as shall be sufficient to cover the costs and expenses of collection. No delay or omission of the Holder to exercise any rights or powers accruing upon any default which shall not have been remedied shall impair any such right or power, or shall be construed to be a waiver of any such default or acquiescence therein; and every power and remedy given by this to the Holder may be exercised from time to time and as often as may be deemed expedient by the Holder.
Payment on Default. In the event of termination by Comverge for cause, WR shall only be paid for Customized Thermostats shipped prior to the effective date of termination. WR shall also be subject to any claim Comverge may have against WR under other provisions of this Agreement or as a matter of law, including the refund of any overpayment by Comverge.
Payment on Default. The Lessor shall be entitled to recover from the Lessee, and the Lessee will pay to the Agent (on behalf of the Lessor) on demand, such amounts set forth below in lieu of all liquidated damages in respect of Fixed Rent beyond the date of such demand (but in addition to any claim for current damages in respect of Fixed Rent or Additional Rent and any other amounts due and payable to the Lessor hereunder (prior to the date of such demand)), at any time after termination of the Term of this Lease or re-entry
Payment on Default. If Lessor is compelled or elects to pay any sum of money or do any acts that require the payment of money by reason of Lessee's failure or inability to perform any of the provisions of this Lease after passage of any notice and cure period provided under any other provisions of this Lease, which Lessor may elect in its sole discretion, Lessee shall promptly, upon demand, reimburse Lessor for such sums, and all such sums shall bear interest at the Default Rate from the date of expenditure until the date of such reimbursement. Other sums payable hereunder that are not paid by Xxxxxx when due shall bear interest at the Default Rate from and after the date of demand therefor by Lessor until the date of payment thereof. REPRESENTATIONS AND WARRANTIES
Payment on Default. Upon the occurrence of an Event of Default under the Loan Agreement, the Guarantor shall immediately pay to the Lender, all amounts for which the Borrower is obligated to the Lender under the Loan Agreement and the Lender may take whatever action at law or in equity may appear necessary or desirable to collect payments then due or thereafter to become due hereunder or to enforce observance or performance of any covenant, condition or agreement of the Guarantor under this Guaranty.
Payment on Default. If pursuant to this Declaration any Party is compelled or elects to pay any sum of money or do any act or acts which require the payment of money by reason of any other Party’s failure or inability to perform any of the terms and provisions in this Declaration to be performed by such other Party, the defaulting Party shall promptly, upon demand, reimburse the paying Party for such sums, and all such sums shall bear interest at the rate of the prime rate of interest quoted by the Wxxxx Fargo Bank per annum from the date of expenditure until the date of such reimbursement. Any other sums payable by any Party to any other pursuant to the provisions of this Declaration that shall not by paid when due, shall bear interest at the rate of the prime rate of interest quoted by the Wxxxx Fargo Bank per annum from the due date to the date of payment thereof. If such repayment shall not be made within ten (10) days after such demand is made, the Party having so paid shall have the right to deduct the amount thereof, together with interest as aforesaid, without liability or forfeiture, from any sums then due or thereafter becoming due from it to the defaulting Party hereunder. Any deduction made by any Party pursuant to the provisions hereinabove from any sums due or payable by it hereunder shall not constitute a default in the payment thereof unless such Party fails to pay the amount of such deduction to the Party to whom the sum is owing within thirty (30) days after final adjudication that such amount is owning. The option given in this section is for the sole protection of the Party so paying and its existence shall not release the defaulting Party from the obligation to perform the term, provisions, covenants, and conditions herein provided to be performed thereby or deprive the Party so paying of any legal rights which it may have by reason of any such default.
Payment on Default. 10.1 The whole of the amount of credit or other amounts outstanding to the Company shall become immediately due and payable to the Company:
Payment on Default. If pursuant to this Agreement any Party is obligated, compelled, or elects on behalf of another Party to pay any sum of money or do any act which requires the payment of money, the Party responsible for said payment shall reimburse the paying Party for such sums within thirty (30) days of demand. All such sums shall bear simple interest from the due date for reimbursement until the date of such reimbursement at a rate of the lesser of twelve percent (12%) per annum or the maximum rate permitted by law. In no event shall any mortgagee or any purchaser of mortgagee’s interest at a foreclosure sale or by deed in lieu of foreclosure be obligated to make any payment described in this Paragraph accruing prior to the date that such mortgagee forecloses on such Unit.
Payment on Default. 82 20.10 Severability....................................................83 20.11 Successors......................................................83 20.12
