Non-payment. Any Borrower shall fail to pay the principal amount of any Obligations when due or interest on the Obligations within 5 days of when due.
Non-payment means, as of any Due Date, the failure of the Issuer to have paid to the Bond Trustee or the Holders any Guaranteed Amounts which are due on such Due Date (or which would have been due on such Due Date but for such Guaranteed Amounts having become due prior to such Due Date by reason of prepayment, acceleration of maturity, mandatory or optional redemption or otherwise).
Non-payment as used in this Agreement shall include any monthly payment that does not clear, is returned as dishonored, is declined, or otherwise fails, on being first processed.
Examples of Non-payment in a sentence
Non-Payment - payment on all accounts is due by the listed due date on the applicable invoice.
Non-Payment Cancellation shall result in all payments previously made becoming non-refundable.
WAFWA will Issue a Notice of Non-Payment to the Participant 10 business days after the due date of the Enrollment Fee.
This Agreement may be terminated at the sole discretion of Nittany Energy in the event of: Non-Payment – If your electric service is terminated by your electric distribution company, then this agreement is cancelled on the date that your electric service is terminated.
If the Enrollment Fee is not paid within 10 business days of receipt of the Notice of Non-Payment, WAFWA will issue a Notice of Suspension to the Participant.
More Definitions of Non-payment
Non-payment any Relevant Party fails to pay any sum payable by it under any of the Relevant Documents at the time, in the currency and in the manner stipulated in the Relevant Documents (and so that, for this purpose, sums payable on demand shall be treated as having been paid at the stipulated time if paid within three (3) Banking Days of demand); or
Non-payment means, after the expiration of any applicable grace period (and after the satisfaction of any conditions precedent to the commencement of such grace period), the failure by an obligor in respect of the Charged Assets to make, when and where due, any payments in an aggregate amount of the amount required under one or more Charged Assets in accordance with the terms of such Charged Assets at the time of such failure.
Non-payment the Loan Note Issuer fails to pay any amount of principal or interest in respect of the Loan Notes on the due date for payment thereof;
Non-payment means, as of any Scheduled Payment Date, the failure of the Issuer to pay or to have paid all or any part of the Guaranteed Amounts which are Due for Payment on such Scheduled Payment Date (or which would have been due on such Scheduled Payment Date but for such Guaranteed Amounts having become due prior to such Scheduled Payment Date by reason of prepayment, acceleration of maturity, mandatory or optional redemption or otherwise);
Non-payment means, with respect to any Distribution Date, a Deficiency Amount which is Due For Payment but has not been paid pursuant to the Indenture.
Non-payment has the meaning given in Section 5.4. Notice: notice given to one party by the other in writing in accordance with Section 13. Order Form: the order form agreed between Event Store and You in relation to Your access to the Event Stores under this Subscription Agreement, and accepted by both parties, whether in writing or by electronic means.
Non-payment means the default of payment of the Debt by the Buyer on the due date and under the terms as set forth in the Transport Contract. “Overdue Account” means the situation where a Debt has not been paid on the Due Date and according to the terms as set forth in the Transport Contract.