Late Payment definition

Late Payment means any amount that is due and payable by law under a written procurement contract, without deferral, delay, or set-off under COMAR 21.02.07.03, and remains unpaid more than 45 days after an agency receives a Proper Invoice.

Late Payment means a fee payment which is postmarked after the due date.

Late Payment. A payment is late if you do not pay at least an amount equal to the Minimum Monthly Payment by the Payment Due Date.

Examples of Late Payment in a sentence

• To the extent that they may be excluded, the Late Payment of Commercial Debts (Interest) Act 1998, and any orders or regulations pursuant thereto, shall not apply.

• ILLUMAR reserves the right, after notice, to charge the Licensee interest at 8% over the Bank of England’s base rate from time to time, but at 4% a year for any period when that base rate is below 0% on past due amounts that are not the subject of a bona fide dispute on a day-to-day basis from the due date pursuant to the Late Payment of Commercial Debts (Interest) Act 1998 as amended.

• Penalty Fees: Late Payment Returned Payment Either $15 or 5% of the past-due amount, whichever is greater (maximum fee of $25).

• In the event of delay in payment of a Monthly Bill by SECI beyond the Due Date, a Late Payment Surcharge shall be payable by SECI to the SPD on the outstanding payment, at the base rate of Late Payment Surcharge applicable for the period for the first month of default.

• Each ACH credit transfer shall be received by SBC-12STATE no later than the Bill Due Date of each bill or Late Payment Charges will apply.

More Definitions of Late Payment

Late Payment means any payment made to the Company or its authorized agent after the due date printed on the bill.

Late Payment means Borrower's failure to pay any amount hereunder ------------ when due, without giving effect to any cure period, if any.

Late Payment means any payment that is not received within 15 days of the due date.

Late Payment. If the required minimum payment due under this Agreement is not received by the 1st day of the month after the month in which the payment is due, your account may be charged, and you agree to pay, a LATE CHARGE of up to $35.00 (the actual fee may be lower). No further late charges will be imposed after this Agreement has become due and payable in full due to default as specified in the section of the Agreement entitled “Default.” The charge shall be treated as a purchase on your monthly statement.

Late Payment has the meaning given to it in clause 5.3 (a);

Late Payment. Charges: I understand and agree that if I fail to pay my student account bill or any monies due by the scheduled due date, Fontbonne University will assess a late fee of $25.00 per month until my past due account is paid in full.

Late Payment means any payment made more than 20 calendar days after the date payment was due. Payment is due whenever specified by the Company on its bill, provided such date does not occur before personal service of the bill or posting of the bill electronically or 3 calendar days after the mailing of the bill.