No Arrears Sample Clauses

No Arrears. The Company is not and will not pending Completion be in arrears with any payment or returns under the GST Act or liable to any abnormal or non-routine payment or any forfeiture or penalty or to the operation of any penal provision and where payment is not yet due or receivable has provided for such payment;
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No Arrears. There are no arrears in the payment of wages, taxes or workers compensation assessments or penalties, and Cartesian has deducted and timely remitted to the relevant governmental authority all taxes, unemployment insurance contributions or other amounts which it is required by statute to deduct or remit to any governmental authority;
No Arrears. There is no obligation or amount due to or in respect of any Employee or other personnel or former employee or personnel of any Group Company in connection with or arising from his employment or engagement, which is in arrears or unsatisfied at the date of this Deed (other than his normal salary for the month current).
No Arrears. All and any taxes, insurance payments or any other payments due by the Client (and the Guarantor, if applicable) have been paid in an appropriate manner and time to the respective public authority. The Client (and the Guarantor, if applicable), duly collects all its tax receivables.
No Arrears. All rent, rates and other amounts presently payable in respect of each of the Business Premises has been paid or accrued.
No Arrears. ORDC shall deem OHI-RAIL’s performance to be satisfactory in this category if OHI-RAIL is not in arrears on (other than usual and customary payment terms) and has no undisputed liens due to non-payment on any of the following:
No Arrears. The payment to the Landlord of all rents and other sums which shall have fallen due under this Lease prior to the Date of Assignment
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Related to No Arrears

  • Interest on Arrears Any interest instalment unpaid on maturity shall yield interest, of right and without formal notice, at the same rate as applicable to the portion of the loan whose interest is unpaid on maturity, such interest being payable to the Lender on request.

  • No Unlawful Payments Neither the Company nor any of its subsidiaries nor, to the knowledge of the Company, any director, officer, agent, employee or other person associated with or acting on behalf of the Company or any of its subsidiaries has (i) used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate funds; (iii) violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977; or (iv) made any bribe, rebate, payoff, influence payment, kickback or other unlawful payment.

  • No Interest on Capital No Partner shall be entitled to interest on its Capital Contributions or its Capital Account.

  • Accrued Interest Each prepayment of a Borrowing shall be accompanied by accrued interest to the extent required by Section 2.12.

  • No Interest No interest shall be paid by the Partnership on Capital Contributions or on balances in Partners’ Capital Accounts.

  • No Interest on Contributions No Partner shall be entitled to interest on its Capital Contribution.

  • No Unlawful Contributions or Other Payments Neither the Company nor any of its subsidiaries nor, to the best of the Company’s knowledge, any employee or agent of the Company or any subsidiary, has made any contribution or other payment to any official of, or candidate for, any federal, state or foreign office in violation of any law or of the character required to be disclosed in the Registration Statement, the Time of Sale Prospectus or the Prospectus.

  • Interest on Overdue Amounts 22.1 Any Licence Fee which is payable and remains unpaid for a period in excess of 30 (thirty) days from the date of the invoice, will attract interest at the current legal rate, calculated in accordance with the interest rate prescribed by the Minister of Justice in accordance with the Prescribed Rate of Interest Act 55 of 1975, as amended.

  • No Other Payments The Issuer will not, directly or indirectly, make payments to or distributions from the Collection Account except according to the Transaction Documents.

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