Timely Demand Sample Clauses
The Timely Demand clause requires that any requests, claims, or demands under the contract be made within a specified period after the relevant event occurs. In practice, this means that if a party believes they are entitled to additional payment, time, or another remedy, they must notify the other party promptly—often within days or weeks of the triggering event. This clause ensures that issues are raised and addressed quickly, preventing delays and disputes caused by late or unexpected claims, and thereby promoting efficient contract administration.
Timely Demand. In the event that the Lender fails to make demand on Ex-Im Bank on behalf of a Noteholder within the time period required in Section 8.02(b)(vi), the Guarantee of the unpaid installment of principal and/or interest as to which the Lender did not make such timely demand shall automatically terminate with respect thereto. This termination shall be without prejudice to the right of the Lender, on behalf of a Noteholder, to make demand on Ex-Im Bank under this Agreement for any other due and unpaid installments of principal or interest on any Note.
Timely Demand. In the event that the [NAME OF BANK] fails to make demand on DOT within the time period required in Section 2.02(vi), the Guarantee of the unpaid installment of principal and/or interest as to which such timely demand was not made shall automatically terminate with respect thereto. This termination shall be without prejudice to the right of the [NAME OF BANK] to make demand on DOT under this Agreement in respect of any other due and unpaid installment(s) of principal or interest.
Timely Demand. 7 2.04 Prohibited Amendments or Transfers.................................. 7 2.05 No Acceleration..................................................... 8 2.06 Guarantee Fee....................................................... 8 2.07 Revocation of Borrower's Payment.................................... 8
Timely Demand. In the event that the Agent, on behalf of the Tranche A Lenders, fails to make demand on the Board within the time period required in Section 4.02(vi), the Guarantee of the unpaid installment of principal and/or interest as to which such timely demand was not made shall automatically terminate with respect thereto. This termination shall be without prejudice to the right of the Agent, on behalf of the Tranche A Lenders, to make demand on the Board under this Agreement in respect of any other due and unpaid installments of principal or interest.
Timely Demand. In the event that the Lessor fails to make demand on Ex-Im Bank on behalf of an Interestholder within the time period required in Section 8.02(b)(vi), the Guarantee of the unpaid installment of Guaranteed Rent as to which such timely demand was not made shall automatically terminate with respect thereto. This termination shall be without prejudice to the right of the Lessor, on behalf of an Interestholder, to make demand on Ex-Im Bank under this Agreement for any other due and unpaid installments of Guaranteed Rent under any Lease Agreement or Lease Supplement.
Timely Demand. In the event that the Agent fails to make demand on Ex-Im Bank on behalf of a Lender within the time period required in Section 8.02(b)(vi), the Guarantee of the unpaid installment of principal and/or interest as to which the Agent did not make such timely demand shall automatically terminate with respect thereto. This termination shall be without prejudice to the right of the Agent, on behalf of a Lender, to make demand on Ex-Im Bank under this Agreement for any other due and unpaid installments of principal or interest on any Note.