Nonpayment definition
Nonpayment means, with respect to any Distribution Date, an Insured Amount is Due for Payment but has not been paid pursuant to the Agreement.
Nonpayment means, with respect to any Payment Date, an Insured Amount is Due for Payment but has not been paid pursuant to the Indenture.
Nonpayment shall have the meaning set forth in Section 7(b)(i) hereof.
Examples of Nonpayment in a sentence
Non-payment of invoices and applicable late charges will constitute a breach of contract for which the County retains all legal remedies including termination of the contract.
Nonpayment of any such charges is not grounds for termination of tenancy.
Nonpayment of such invoice will be deemed a condition of default of this Agreement.
The notice shall be confirmed to the Credit Enhancer in writing in the form of the Notice of Nonpayment and Demand for Payment of Insured Amounts in Exhibit A to the Policy, by 10:00 A.M., New York City time, on the second Business Day before the Payment Date.
Nonpayment by an Employer of any contributions when due shall not relieve any other Employer from his obligations to make payments.
More Definitions of Nonpayment
Nonpayment means the nonpayment of a payment that becomes due during the emergency period to a landlord, including a payment of rent, late charges, utility or service charges or any other charge or fee as described in the rental agreement or ORS 90.140, 90.302, 90.315, 90.392, 90.394, 90.560 to 90.584 or 90.630.
Nonpayment means, with respect to any Payment Date, an Insured Amount which is Due for Payment but has not and will not be paid in respect of such Payment Date, pursuant to the Indenture.
Nonpayment has the meaning set forth in Section 16.7(a).
Nonpayment means, with respect to any Distribution Date, a Deficiency Amount owing to the Subordination Agent for distribution to the Class G Certificateholders or, if applicable, the Escrow Receiptholders in respect of such Distribution Date.
Nonpayment means, with respect to any Distribution Date, Policy Claim Amounts which are Due for Payment but have not been paid pursuant to the Indenture.
Nonpayment has the meaning set forth in Section 2.7(a) of this Unit Designation.
Nonpayment means, with respect to any Payment Date or with respect to the Final Payment Date, an Insured Amount which is Due for Payment but has not and will not be paid in respect of such Payment Date or Final Payment Date pursuant to the Indenture.