TERMINATION FOR NON-PAYMENT definition

TERMINATION FOR NON-PAYMENT. SPS reserves the right to terminate this Agreement in the event that monthly fees are not paid 120 days after the billing date. In the event of such termination, SPS will no longer offer support or plan document maintenance services. The plan may fail to remain in compliance if IRS mandated amendments or restatements are not adopted by applicable deadlines, which may result in IRS penalties and potentially plan disqualification. SPS will make reasonable attempts to contact the client and remedy the situation before electing to terminate services under this Agreement.
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Examples of TERMINATION FOR NON-PAYMENT in a sentence

  • THERE IS A STOP FUNCTION BUILT INTO THE SOFTWARE TO PREVENT YOU FROM CONTINUING TO USE THE PRODUCT SHOULD THIS LICENCE EXPIRE OR TERMINATE FOR ANY REASON (INCLUDING BUT NOT LIMITED TO TERMINATION FOR NON-PAYMENT OF LICENCE FEES) OR IF WE DECIDE IN OUR SOLE DISCRETION TO REMOTELY STOP THE USE OF THE SOFTWARE.

  • TERMINATION FOR NON-PAYMENT Any delay in payment equal to or greater than 30 days after the due date will be the subject of a personal interview between the Director and the person concerned or his/her legal representative, possibly accompanied by another person of his/her choice.

Related to TERMINATION FOR NON-PAYMENT

  • Termination Payment means the amount payable by either Party to the other upon Termination in accordance with Article 23;

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Termination Payments has the meaning specified in Section 10(a).

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.