Common use of After Payment Due Date Clause in Contracts

After Payment Due Date. 5.1 USC payment by a CP which is received by the Intermediary on Payment Due Date, but after Banking Hours on Business Days or after noon on Saturdays, will be considered as overdue payment and subject to overdue interest.

After Payment Due Date. 5.1 USC payment by a CP which is received by the Intermediary on Payment Due Date, but after Banking Hours on Business Days or after noon on SaturdaysDays, will be considered as overdue payment and subject to overdue interest.