Payment arrears Sample Clauses

Payment arrears. We make a demonstrable effort to collect the contributions and administration costs. We will notify you and the participant if any payment arrears make it necessary to terminate the accrual of pension. Termination takes place by creating a paid-up policy. After a paid-up policy has been created, the net partner’s and orphan’s pension are no longer insured. The insurance for the waiver of contribution in the event of disability will then also be terminated. Creating a paid-up policy also means that no more investments for Investment Pension will be purchased, except in the case of profit-sharing from the ‘S Net Pension’ profit-sharing pool. Profit-sharing is explained in Section 5.1 ‘Profit-sharing on Investment Pension’ of the Aegon Cappital Net Pension Regulations. Pursuant to the Pensions Act (Pensioenwet), we may terminate the risk insurance policies in this way from three months after notification. Until that time, the risk covers are maintained. Paid-up policies can be created with retroactive effect no later than five months prior to the date of notification to the participant. If you do not pay the contributions and administration costs charged to you in full, we will not accept the payment for processing. In such case we will consult with you.
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Payment arrears. Any Client in arrears on all or part of the payments due shall incur, without the need for prior notice, annual late-payment interest equal to the legal interest rate, plus two (2) percentage points based on the day following the end of the payment period. Without prejudice to the foregoing, in the event of non-payment, and in compliance with the requirements set forth in Royal Decree 1720/2007, IBERDROLA may notify the credit reporting agencies of incidents of non-payment, after giving the Client notice, in accordance with Clause 12 below. Also, information related to incidences of non-payment that users have incurred shall be included in the Distributor’s Supply Point Information System, to which the Office for Switching Suppliers and marketing entities that request it may have access.
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Payment arrears. 4.1 If the Customer fails to comply with the specified payment terms and conditions, or if it becomes insolvent, all our credit balances with it, irrespec- tive of the agreed payment deadlines, are due for payment and can be called in immediately by us.
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Payment arrears. (e) It is agreed between the parties that only the crediting of the Center's bank account in accordance with Appendix C, shall be regarded as punctual payment of the authorization fees. It is hereby clarified that receipt of a standing order and/or cheque and/or other means of payment shall not be regarded as payment on account of the authorization fees and only the actual and full redemption of each installment of the authorization fees shall constitute payment of the authorization fee for any given month under the provisions of this Contract.
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Payment arrears. 11.1 If the lessee is in arrears of more than 7 days with payment of any sum that he is due to pay to the lessor according to this agreement, the lessee will pay the lessor on the sum that is in arrears, index linkage differentials and interest at a rate that Bank Hapoalim Ltd. applies at that time to index-linked loans with an addition of 10% per annum, calculated from the day the lessee was due to pay the sum that is in arrears until the day that he actually paid it.
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Payment arrears. Should there be any arrears in payments the student authorises Move (or the Agent) to debit the outstanding balance in order to bring the account up to date.
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Payment arrears. Developer, its Affiliates, and all Material Project Subcontractors is not currently in arrears in payment of Taxes, permit fees or other statutory, regulatory or judicially required payments to the City or to the State.
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Payment arrears. In the event that the Boat Owner is in arrears of any payment due to Yaringa, and until payments are brought up to date, licence fees will automatically become payable on a monthly basis at the then applicable monthly rate and a monthly accounting fee will apply.
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Related to Payment arrears

  • Reimbursement Payments The Department shall, to the extent funds are available, reimburse the Grantee for eligible claims presented for payment if the Department determines the requirements for reimbursement have been met. Claims under this Contract can only be made for the period this Contract is in effect. Reimbursement programs include the following:

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

  • Payment Due Payment for services provided will be due on or before the next xxxx date (i.e., same date in the following month as the xxxx date) and is payable in immediately available funds. Payment is considered to have been made when received by BellSouth.

  • Payment Amount Payment for the Services shall be as follows: (choose one) ☐ - $______________________ for the Services (“Payment”). ☐ - At an hourly rate of $____ per hour (“Payment”). ☐ - Other. ______________________________________________ (“Payment”) If the Subcontractor asserts a claim which involves, in whole or in part, acts or omissions which are the responsibility of the Client or another person for whom a claim may be submitted, including but not limited to, claims for failure to pay, an extension of time, impacts, delay damages, or extra work, the Contractor shall present the Subcontractor's claim to the Client or other responsible party provided the Subcontractor presents to Contractor competent supporting evidence and in sufficient time for the Contractor to do so. The Subcontractor shall cooperate fully with the Contractor in any and all steps the Contractor takes in connection with prosecuting such a claim and shall hold harmless and reimburse the Contractor for all expenses, including legal expenses, incurred by the Contractor which arise out of the Contractor's submission of the Subcontractor's claims to the Client or other responsible party(ies). The Subcontractor shall be bound by any adjudication or award in any action or proceeding resolving such a claim.

  • CP Costs Payments On each Settlement Date, Seller shall pay to Agent (for the benefit of the Conduits) an aggregate amount equal to all accrued and unpaid CP Costs in respect of the outstanding Capital of each of the Conduits for the related Settlement Period in accordance with Article II.

  • Payment of accrued interest In the case of an Interest Period longer than 3 months, accrued interest shall be paid every 3 months during that Interest Period and on the last day of that Interest Period.

  • Termination Fee; Expenses Except as provided in this ------------------------- Section 7.3, all fees and expenses incurred by the parties hereto shall be borne solely and entirely by the party which has incurred such fees and expenses. In the event that (A) a Takeover Proposal shall have been made known to the Company or shall have been made directly to its stockholders generally or any person shall have publicly announced an intention (whether or not conditional) to make a Takeover Proposal and thereafter this Agreement is terminated by the Company either (I) pursuant to Section 7.1(b)(iii) hereof or, (II) if the Offer has remained open for at least 20 business days and the Minimum Condition has not been satisfied (and none of the events described in paragraphs (a), (b), (d) and (e) of Annex A shall have occurred so as to result in a condition to the Offer not being satisfied), pursuant to Section 7.1(b)(ii) hereof, and in the case of either clause (I) or (II) such Takeover Proposal is consummated within one (1) year of such termination or (B) this Agreement (i) is terminated by Parent pursuant to Section 7.1(d)(ii), or (ii) is terminated by the Company pursuant to Section 7.1(c)(ii), then the Company shall pay to Parent (in the case of a termination pursuant to Section 7.1(c)(ii), prior to or simultaneously with such termination, or in the case of a termination pursuant to Section 7.1(d)(ii), not later than one (1) business day after such termination, or in the case of a termination pursuant to Section 7.1(b)(ii) or 7.1(b)(iii), upon the consummation of such Takeover Proposal) a termination fee equal to $10 million in cash and shall reimburse Parent's out-of-pocket expenses, including attorneys' fees, related to this Agreement and the transactions contemplated hereby. The fee arrangement contemplated hereby is the sole remedy hereunder and shall be paid pursuant to this Section 7.3 regardless of any alleged breach, other than a willful or intentional breach, by Parent of its obligations hereunder, provided that no payment made by the Company pursuant to this Section 7.3 shall operate or be construed as a waiver by the Company of any breach of this Agreement by Parent or Purchaser or of any rights of the Company in respect thereof.

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

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