Stipulated Penalty Sample Clauses

Stipulated Penalty. If any amounts due to EPA under Paragraph 11 (Payment by Settling Parties for Response Costs) [also reference Additional Response Costs payment, if applicable] are not paid by the required date, Settling Parties shall be in violation of this Settlement Agreement and shall pay to EPA, as a stipulated penalty, in addition to the Interest required by Paragraph 19 (Interest on Late Payments), $______ per violation per day that such payment is late.
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Stipulated Penalty. If any amounts due to EPA under Paragraph 11 (Payment by Settling Parties for Past Response Costs) are not paid by the required date, Settling Parties shall be in violation of this Settlement Agreement and shall pay to EPA, as a stipulated penalty, in addition to the Interest required by Paragraph 16 (Interest on Late Payments), $______ per violation per day that such payment is late. [NOTE: If the Settlement Agreement includes any non-payment obligations for which a stipulated penalty is provided, insert the following paragraph.] [If Settling Parties do not comply with [insert reference to any non-payment obligations, including Section XII (Property Requirements)], Settling Parties shall be in violation of this Settlement Agreement and shall pay to EPA, as a stipulated penalty, $______ per violation per day of such noncompliance.]13 Stipulated penalties are due and payable within 30 days after the date of demand for payment of the penalties by EPA. Settling Parties shall identify all payments to EPA under this Paragraph as “stipulated penalties,” shall reference Site/Spill ID Number ______ and the EPA docket number for this action, and shall make payment by Fedwire Electronic Funds Transfer (EFT) to: Federal Reserve Bank of New York ABA = 000000000 Account = 00000000 SWIFT address = XXXXXX00 00 Xxxxxxx Xxxxxx New York, NY 10045 Field Tag 4200 of the Fedwire message should read “D 68010727 Environmental Protection Agency” [NOTE: Regions may substitute instructions for payment by ACH or online payment to the EPA account through xxxxx://xxx.xxx.xxx. If Settling Parties have difficulty making EFT or online payments, Regions may substitute the following: Settling Parties shall identify all payments to EPA under this Paragraph as “stipulated penalties” and shall make payment by official bank check made payable to “EPA Hazardous Substance Superfund.” The check, or a letter accompanying the check, shall identify the name and address of the part(ies) making payment, the Site name, Site/Spill ID Number ______, and the EPA docket number of this action and shall be sent to: U.S. Environmental Protection Agency Superfund Payments Cincinnati Finance Center
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Stipulated Penalty a. If the payment due under Paragraph 5 is not paid by the required due date, Debtors shall be in violation of this Settlement Agreement and shall pay, as a stipulated penalty, in addition to the Interest required by Paragraph 5, $10,000 per day that such payment is late.
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Stipulated Penalty a. If any amounts due under Paragraph 12 and Paragraph 13 are not paid by the required date, Settling Party shall be in violation of this Agreement and shall pay to EPA, as a stipulated penalty, in addition to the Interest required by Paragraph 16, $500 per violation per day that such payment is late.
Sample 1
Stipulated Penalty a. If Settling Respondent does not comply with its obligations set forth in Paragraph 58.c, Settling Respondent shall be in violation of this Settlement Agreement and shall pay to EPA, as a stipulated penalty, $250 per violation per day of such noncompliance. All penalties accruing under this Section shall be due and payable to EPA within 30 days after Settling Respondent’s receipt from EPA of a demand for payment of the penalties. If Settling Respondent fails to make any payment required by EPA’s demand, Interest shall accrue on the stipulated penalty amount from the date due through the date of payment. Settling Respondent shall identify all payments to EPA under this Section as “stipulated penalties” and shall pay them by official bank check made payable to “EPA Hazardous Substances Superfund.” The check, or a letter accompanying the check, shall identify the name and address of the party(ies) making payment, Site/Spill ID Number 10GL, and the EPA Docket Number for this action and shall be sent to: U.S. Environmental Protection Agency Superfund Payments Cincinnati Finance Center P.O. Box 979076 St. Louis, MO 63197-9000
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Stipulated Penalty a. If any amounts due to EPA under Paragraph 25 (Payment by Settling Parties for Response Costs) are not paid by the required date, each Settling Party that has failed to make its required payment shall be in violation of this Settlement Agreement and shall pay to EPA, as a stipulated penalty, in addition to the Interest required by Paragraph 28 (Interest on Late Payments), $250.00 per violation per day that such payment is late. Stipulated penalties are due and payable within 30 days after the date of demand for payment of the penalties by EPA. Each Settling Party that is required to pay to EPA a stipulated payment pursuant to 29.a, above, shall identify all payments to EPA under this Paragraph as “stipulated penalties,” and shall make payment by EFT through the Xxx.xxx website using the following link: xxxxx://xxx.xxx.xxx/public/form/start/11751879. Please ensure that the following information is included on the payment form:
Sample 1
Stipulated Penalty a If any amoxmts due to EPA under Section V (Payment of Response Costs) are not paid by the required date. Settling Parties shall be in violation of this Settlement Agreement and shall pay to EPA, as a stipulated penalty, in addition to the Interest required by Paragraph 15 (Interest on Late Payments), $500.00 per violation per day that such payment is late.
Sample 1
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Stipulated Penalty. Failure within thirty (30) days of receipt of the DAQ Director's written demand to pay the penalties will be grounds for a collection action, which the Attorney General is hereby authorized to initiate. The only issue in such an action will be whether thirty (30) days has elapsed.
Sample 1

Related to Stipulated Penalty

  • Late Payment Penalty If any portion of the principal of or interest on this Debenture shall not be paid within ten (10) days of when it is due, the Discount Multiplier under this Debenture shall decrease by one percentage point (1%) for all conversions of this Debenture thereafter.

  • Disbursement Procedure (a) The Borrower may request Additional Disbursements of the Additional Loans during the Availability Period by delivering to IFC, at least 10 Business Days prior to the proposed date of disbursement, an Additional Disbursement request substantially in the form of Schedule 2.

  • Prepayment Penalties 4. Any provisions in your consumer credit contract, loan, security, or account agreements that are determined to be inconsistent with or contradictory to these disclosures or the MLA (as they may be changed or amended from time to time) are inapplicable with regard to this loan. However, all other terms and conditions of the consumer credit contract shall remain in full force and effect.

  • No Premium or Penalty Prepayments permitted or required under this Section 3.04 shall be without premium or penalty, except as required under Section 5.02.

  • No Penalties No provision of this Agreement is to be interpreted as a penalty upon any party to this Agreement.

  • Prepayment Penalty Verification On or prior to each Servicer Remittance Date, each Servicer shall, to the extent provided in the respective Servicing Agreement, provide in an electronic format acceptable to the Master Servicer the data necessary for the Master Servicer to perform its verification duties agreed to by the Master Servicer and the Depositor. The Master Servicer or a third party reasonably acceptable to the Master Servicer and the Depositor (the “Verification Agent”) will perform such verification duties and will use its best efforts to issue its findings in a report (the “Verification Report”) delivered to the Master Servicer and the Depositor within ten (10) Business Days following the related Distribution Date; provided, however, that if the Verification Agent is unable to issue the Verification Report within ten (10) Business Days following the Distribution Date, the Verification Agent may issue and deliver to the Master Servicer and the Depositor the Verification Report upon the completion of its verification duties. The Master Servicer shall forward the Verification Report to the respective Servicer and shall notify such Servicer if the Master Servicer has determined that such Servicer did not deliver the appropriate Prepayment Charges to the Master Servicer in accordance with the respective Servicing Agreement. Such written notification from the Master Servicer shall include the loan number, prepayment penalty code and prepayment penalty amount as calculated by the Master Servicer or the Verification Agent, as applicable, of each Loan for which there is a discrepancy. If the respective Servicer agrees with the verified amounts, such Servicer shall adjust the immediately succeeding Remittance Report and the amount remitted to the Master Servicer with respect to prepayments accordingly. If the respective Servicer disagrees with the determination of the Master Servicer, such Servicer shall, within five (5) Business Days of its receipt of the Verification Report, notify the Master Servicer of such disagreement and provide the Master Servicer with detailed information to support such Servicer’s position. The respective Servicer and the Master Servicer shall cooperate to resolve any discrepancy on or prior to the immediately succeeding Servicer Remittance Date, and such Servicer will indicate the effect of such resolution on the related Remittance Report and shall adjust the amount remitted with respect to prepayments on such Servicer Remittance Date accordingly. During such time as the respective Servicer and the Master Servicer are resolving discrepancies with respect to the Prepayment Charges, no payments in respect of any disputed Prepayment Charges will be remitted to the Distribution Account and the Master Servicer shall not be obligated to remit such payments, unless otherwise required pursuant to Section 7.1 hereof. In connection with such duties, the Master Servicer shall be able to rely solely on the information provided to it by the respective Servicer in accordance with this Section. The Master Servicer shall not be responsible for verifying the accuracy of any of the information provided to it by the respective Servicer or for performing the Master Servicer’s duties under this Section 3.28 with respect to a Servicer if such Servicer is unable or unwilling to provide the required data to the Master Servicer or is not required to provide such information to the Master Servicer.

  • Payment Procedure (a) The Lead Securitization Note Holder, in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, will deposit or cause to be deposited all payments allocable to the Notes to the Collection Account or Companion Distribution Account pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer acting on its behalf) shall (i) deposit such amounts to the applicable account within two (2) Business Days after receipt of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower and (ii) remit from the applicable account (A) prior to the Securitization Date, within two Business Days of receipt of properly identified funds (unless otherwise specified pursuant to an interim servicing agreement) and (B) on or after the Securitization Date, (1) with respect to the Lead Securitization Note, the remittance date under the Lead Securitization Servicing Agreement for the Lead Securitization Note and (2) with respect to the Non-Lead Securitization Note, (x) prior to the Non-Lead Securitization, the remittance date under the Lead Securitization Servicing Agreement for the Lead Securitization Note and (y) on or after the Non-Lead Securitization, the earlier of the remittance date under the Lead Securitization Servicing Agreement and the business day immediately succeeding the “determination date” set forth in the Non-Lead Securitization Servicing Agreement for the Non-Lead Securitization Note, all payments received and allocable pursuant to this Agreement and the Lead Securitization Servicing Agreement with respect to the Non-Lead Securitization Note (net of amounts payable or reimbursable from such account) by wire transfer to accounts maintained by the applicable Note Holder.

  • Good Faith Determination The Company shall from time to time make the good faith determination whether or not it is practicable for the Company to obtain and maintain a policy or policies of insurance with reputable insurance companies providing the officers and directors of the Company with coverage for losses incurred in connection with their services to the Company or to ensure the Company’s performance of its indemnification obligations under this Agreement.

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