Termination Payment Default definition

Termination Payment Default is defined in Annexure 3. Traffic Commissioner: the individual responsible for the control and licensing of Public Service Vehicles for Great Britain and any persons carrying out duties on the Traffic Commissioner’s behalf with regard to these duties. Traveline: see Schedule N for detail. TUPE: the Transfer of Undertakings (Protection of Employment) Regulations 2006 (SI 2006/246), as amended.

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Termination Payment Default the Council’s failure to pay any undisputed Charges due to the Contractor within 60 days of the relevant invoice becoming due and payable. TUPE: the Transfer of Undertakings (Protection of Employment) Regulations 2006 (SI 2006/246). Unforeseen Event: any cause affecting the performance by a party of its obligations under the Contract arising from acts, events, omissions or non-events beyond its reasonable control, including acts of God, riots, war, acts of terrorism, fire, flood, storm or earthquake and any disaster, but excluding any industrial dispute relating to the Contractor, the Contractor’s Personnel or any other failure in the Contractor’s supply chain.

Termination Payment Default is defined in Schedule 5. TUPE: the Transfer of Undertakings (Protection of Employment) Regulations 2006 (SI 2006/246). Working Day: Monday to Friday, excluding any public holidays in England and Wales.

Examples of Termination Payment Default in a sentence

In the event that at any time undisputed Charges of £[AMOUNT] have been overdue for payment for a period of [60] days or more, the Authority will have committed a Termination Payment Default.
In the event that the Authority remedies the Termination Payment Default in the 30 day notice period, the Supplier's notice to terminate this agreement shall be deemed to have been withdrawn.
INCLUDE ANY MATTERS TO BE PARTICULARISED ON THE INVOICE In the event that at any time undisputed Charges of £[AMOUNT] have been overdue for payment for a period of [60] days or more, the Authority will have committed a Termination Payment Default.
In the event that the Authority remedies the Termination Payment Default in the 30 day notice period, the Supplier’s notice to terminate this agreement shall be deemed to have been withdrawn.
In the event that at any time undisputed Charges of £1000 have been overdue for payment for a period of [60] days or more, the Authority will have committed a Termination Payment Default.
If the Council remedies the Termination Payment Default in the 30 day notice period, the Contractor’s notice to terminate the Contract shall be deemed to have been withdrawn.
In the event that at any time undisputed Charges of £20,000 have been overdue for payment for a period of 60 days or more, the Council will have committed a Termination Payment Default.
In the event that at any time undisputed Charges of £1000 have been overdue for payment for a period of 60 days or more, the Authority will have committed a Termination Payment Default.
In the event that the Authority remedies the Termination Payment Default in the 30 day notice period, the Service Provider's notice to terminate this agreement shall be deemed to have been withdrawn.
In the event that the Authority remedies the Termination Payment Default in the 30 day notice period, the Supplier's notice to terminate this Agreement shall be deemed to have been withdrawn.

More Definitions of Termination Payment Default

Termination Payment Default means a default whereby any undisputed Charges have been overdue for payment for a period of 20 Working Days or more by the Customer. Website: the East Midlands Education Support Service Website (www.em- ▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇) Working Day: Monday to Friday, excluding any public holidays in England and Wales.

Termination Payment Default where undisputed Charges of at least £100,000 have been overdue for payment by the Authority to the Service Provider for a period of 60 days or more. TUPE: the Transfer of Undertakings (Protection of Employment) Regulations 2006 (SI 2006/246). Working Day: Monday to Friday, excluding any public holidays in England and Wales.

Termination Payment Default means an amount in excess of £1,000,000 is overdue for payment by the Councils for more than 2 Months and the amount is undisputed by the Councils; Unavailable means not complying with the Delivery Point Assessment Criteria or the HWRC Availability Criteria (as relevant); Unavailability Deduction in respect of HWRCs and/or project transfer stations (being Clover Nook, Glossop and Raynesway for which have a fixed payment) not being Available in accordance with the requirements of the Specification Uninsurable In relation to a risk either that: (a) insurance is not available to the Contractor in respect of the Services, NWTF Services, the Councils’ Premises and/or the Sinfin Site in the worldwide insurance market with reputable insurers of good standing in respect of that risk; or (b) the insurance premium payable for insuring the risk is at such a level that the risk is not generally being insured against in the worldwide market with reputable insurers of good standing by contractors in the United Kingdom; WCA has the meaning given to it in the PPP Contract; and Works has the meaning given to it in the PPP Contract.