Nonpayment definition

Nonpayment means, with respect to any Payment Date, an Insured Amount is Due for Payment but has not been paid pursuant to the Indenture.
Nonpayment means, with respect to any Distribution Date, an Insured Amount which is Due for Payment but has not been and will not be paid in respect of such Distribution Date pursuant to the Agreement.

Examples of Nonpayment in a sentence

  • Nonpayment of any such charges is not grounds for termination of tenancy.

  • Non-payment of the shortfall referred to in this Condition 12 will not constitute an Event of Default.

  • Nonpayment or partial payment of the basic local service charge within the bundle may result in disconnection of your basic local service.

  • Non-payment of any of such costs shall entail Arcil to take such steps to repossess the Secured Assets and put up the same for resale under applicable law.

  • Nonpayment of premiums or contribution for a specific Member by the Group.


More Definitions of Nonpayment

Nonpayment means, with respect to any Payment Date, an Insured Amount which is Due for Payment but has not and will not be paid in respect of such Payment Date, pursuant to the Indenture.
Nonpayment has the meaning set forth in Section 16.7(a).
Nonpayment means the nonpayment of a payment that becomes due during the emergency period to a landlord, including a payment of rent, late charges, utility or service charges or any other charge or fee as described in the rental agreement or ORS 90.140, 90.302, 90.315, 90.392, 90.394, 90.560 to 90.584 or 90.630.
Nonpayment means, with respect to any Distribution Date, a Deficiency Amount owing to the Subordination Agent for distribution to the Class G Certificateholders or, if applicable, the Escrow Receiptholders in respect of such Distribution Date.
Nonpayment. Means, with respect to any Payment Date, an Insured Amount is Due for Payment but has not been paid pursuant to the Indenture.
Nonpayment shall have the meaning set forth in Section 7(b)(i) hereof.
Nonpayment means, with respect to any Distribution Date, Policy Claim Amounts which are Due for Payment but have not been paid pursuant to the Indenture.