Common use of TERMINATION PAYMENT DEFAULT Clause in Contracts

TERMINATION PAYMENT DEFAULT. In the event that at any time undisputed Charges of 25% of the aggregate Charges for the Contract Year have been overdue for payment for a period of 60 days or more, the Authority will have committed a Termination Payment Default.

Appears in 1 contract

Sources: Fire Control Transfer Services Agreement

TERMINATION PAYMENT DEFAULT. In the event that at any time undisputed Charges of 25% of the aggregate Charges for the Contract Year have been overdue for payment to the Supplier for a period of 60 days or more, the Authority will have committed a Termination Payment Default.

Appears in 1 contract

Sources: Agreement for the Provision of Services