Billing, Due Date, Late Fees and Penalties Sample Clauses

Billing, Due Date, Late Fees and Penalties. (A) Due Date and Late Fee: You will receive a xxxx from Texpo monthly. All bills are due and payable when rendered and past due if not paid within 16 days from the date of issuance (the “Past Due Date”). A xxxx is considered issued on the later of the issuance date stated on the xxxx, or the envelope’s postmark date. You may elect to authorize monthly payments of your invoices via automatic recurring payments to help ease in the administration of your business, to help the environment, and eliminate potential late fees from your budget. If you have elected to authorize monthly payment of your invoices via automatic recurring (i) withdrawals from your checking or savings accounts, or (ii) charges to your credit card, then Texpo may debit your bank account (or charge your credit card) 3 days after the date of the invoice’s issuance, and you irrevocably waive any right to have more time to pay your invoice upon successful completion of the automatic payment form. For any method of payment including checks, bank drafts or debit/credit card transactions, you will incur a $75.00 insufficient funds fee per transaction for any transaction not processed due to insufficient funds or credit availability. A one time service charge of $3.50 will be charged for additional copies (including email and electronic copies) of your xxxx, duplicate bills, credit reference letters, and disconnect notices. If you fail to pay the full amount of any invoice by its Past Due Date, you shall pay Texpo late charges (“Late Charges”) in the amount of the sum of (1) a fee equal to 5% on the unpaid balance; plus (2) interest on the unpaid balance that shall accrue on each calendar day from the Past Due Date at a rate equal to 1.5% a month or the highest rate allowed by law, whichever is less. This interest shall be compounded monthly.