A Late Payment Sample Clauses

A Late Payment clause defines the consequences and procedures that apply when a payment is not made by the agreed-upon due date. Typically, this clause specifies the imposition of interest charges, late fees, or other penalties on overdue amounts, and may outline steps for notifying the debtor or escalating the matter. Its core practical function is to incentivize timely payments and compensate the party owed for the inconvenience or financial impact of delayed funds.
A Late Payment. Fee if we do not receive at least the total minimum payment due on your account by 5:00 p.m. (ET) on the due date shown on your statement. The amount of the late payment fee will be equal to: (1) $25 if you have paid at least your total minimum payment due by the payment due date in each of the prior six billing cycles or
View SourceView Similar (5)
A Late Payment administration fee shall be levied in respect of all amounts not paid on due date.
View SourceView Similar (3)
A Late Payment. Fee each time a payment is late; (d) any costs incurred by the FO in collecting late or unpaid Storage Fees, or in enforcing this Agreement in any way, including but not limited to postal, telephone, unit inventory, debt collection, personnel and/or default action costs and associated legal and professional fees; and (e) any government taxes or charges (including any value added tax) levied on any supplies made under this Agreement. Where ▇▇▇▇▇▇ has more than one agreement with FO, all will form one account with FO and FO may in its sole discretion elect to apply any payment made by or on behalf of ▇▇▇▇▇▇ on this agreement against the oldest Debt due from ▇▇▇▇▇▇ to FO on any agreement in the account.
View Source

Related to A Late Payment

  • Late Payment Timeliness of payment and any interest to be paid to Contractor for late payment shall be governed by Article 11-A of the State Finance Law to the extent required by law.

  • Late Payment Fee Students will be assessed a late payment fee if acceptable payment arrangements are not made by the due date indicated on the statement. Acceptable payment arrangements include payment in full, pending financial aid, approved third-party billing (i.e. veterans) and an active and current payment plan with the Bursar’s Office.

  • Late Payments Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such ▇▇▇▇, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two (2%) percent.

  • Late Payment Fees If you have not paid a bill by the pay-by date, we may require you to pay a late payment fee, which is part of our standing offer prices published on our website.

  • Late Payment Surcharge In the event of delay in payment of a Monthly ▇▇▇▇ by Buyer beyond thirty (30) days of its Due Date, a Late Payment Surcharge shall be payable to the SPD at the rate of 1.25% per month on the outstanding amount calculated on a day to day basis subject to such late payment being duly received by Buyer under the PSA from the Buying Entity(ies). The Late Payment Surcharge shall be claimed by the SPD through the Supplementary ▇▇▇▇.