CHARGES FOR DELINQUENT PAYMENTS. 25 13. (a) The Contractor shall be subject to interest, administrative and penalty 26 charges on delinquent installments or payments. When a payment is not received by the due 27 date, the Contractor shall pay an interest charge for each day the payment is delinquent beyond 28 the due date. When a payment becomes 60 days delinquent, the Contractor shall pay an 29 administrative charge to cover additional costs of billing and processing the delinquent payment.
CHARGES FOR DELINQUENT PAYMENTS. (1) The Contractor shall be subject to interest, administrative, and penalty charges on delinquent payments. If a payment is not received by the due date, the Contractor shall pay an interest charge on the delinquent payment for each day the payment is delinquent beyond the due date. If a payment becomes 60 days delinquent, the Contractor shall pay, in addition to the interest charge, an administrative charge to cover additional costs of billing and processing the delinquent payment. If a payment is delinquent 90 days or more, the Contractor shall pay, in addition to the interest and administrative charges, a penalty charge for each day the payment is delinquent beyond the due date, based on the remaining balance of the payment due at the rate of 6 percent per year. The Contractor shall also pay any fees incurred for debt collection services associated with a delinquent payment.
(2) The interest rate charged shall be the greater of either the rate prescribed quarterly in the Federal Register by the Department of the Treasury for application to overdue payments, or the interest rate of 0.5 percent per month. The interest rate charged will be determined as of the due date and remain fixed for the duration of the delinquent period.
(3) When a partial payment on a delinquent account is received, the amount received shall be applied first to the penalty charges, second to the administrative charges, third to the accrued interest, and finally to the overdue payment.
CHARGES FOR DELINQUENT PAYMENTS. The Contractor shall be subject to interest, administrative, and penalty charges on delinquent payments. If a payment is not received by the due date, the Contractor shall pay an interest charge on the delinquent payment for each day the payment is delinquent beyond the due date. If a payment becomes 60 days delinquent the Contractor shall pay, in addition to the interest charge, an administrative charge to cover additional costs of billing and processing the delinquent payment. If a payment is delinquent 90 days or more the Contractor shall pay, in addition to the interest and administrative charges, a penalty charge for each day the payment is delinquent beyond the due date, based on the remaining balance of the payment due at the rate of 6 percent per year. The Contractor shall also pay any fees incurred for debt collection services associated with a delinquent payment.
CHARGES FOR DELINQUENT PAYMENTS. 5 (a) The Tribe shall be subject to interest, administrative, and penalty charges on delinquent
CHARGES FOR DELINQUENT PAYMENTS. 17 18 13. (a) The Contractor shall be subject to interest, administrative and 19 penalty charges on delinquent installments or payments. When a payment is not received 20 by the due date, the Contractor shall pay an interest charge for each day the payment is 21 delinquent beyond the due date. When a payment becomes 60 days delinquent, the 22 Contractor shall pay an administrative charge to cover additional costs of billing and 24 Contractor shall pay an additional penalty charge of six percent per year for each day the 25 payment is delinquent beyond the due date. Further, the Contractor shall pay any fees 26 incurred for debt collection services associated with a delinquent payment. 27
CHARGES FOR DELINQUENT PAYMENTS. The District shall be subject to interest, administrative, and penalty charges on delinquent payments. If a payment is not received by the due date, the District shall pay an interest charge on the delinquent payment for each day the payment is delinquent beyond the due date. If a payment becomes 60 days delinquent, the District shall pay, in addition to the interest charge, an administrative charge to cover additional costs of billing and processing the delinquent payment. If a payment is delinquent 90 days or more, the District shall pay, in addition to the interest and administrative charges, a penalty charge for each day the payment is delinquent beyond the due date, based on the remaining balance of the payment due at the rate of 6 percent per year. The District shall also pay any fees incurred for debt collection services associated with a delinquent payment.
CHARGES FOR DELINQUENT PAYMENTS. 24 25 13. (a) The Contractor shall be subject to interest, administrative and 26 penalty charges on delinquent installments or payments. When a payment is not received 27 by the due date, the Contractor shall pay an interest charge for each day the payment is 28 delinquent beyond the due date. When a payment becomes 60 days delinquent, the 29 Contractor shall pay an administrative charge to cover additional costs of billing and 30 processing the delinquent payment. When a payment is delinquent 90 days or more, the 31 Contractor shall pay an additional penalty charge of six percent per year for each day the 32 payment is delinquent beyond the due date. Further, the Contractor shall pay any fees 33 incurred for debt collection services associated with a delinquent payment. 34 35 (b) The interest charge rate shall be the greater of the rate prescribed 36 quarterly in the Federal Register by the Department of the Treasury for application to 37 overdue payments, or the interest rate of one-half of one percent per month prescribed by 38 Section 6 of the Reclamation Project Act of 1939 (Public Law 76-260). The interest 39 charge rate shall be determined as of the due date and remain fixed for the duration of the 40 delinquent period. 41 1 (c) When a partial payment on a delinquent account is received, the 2 amount received shall be applied, first to the penalty, second to the administrative 3 charges, third to the accrued interest, and finally to the overdue payment. 4
CHARGES FOR DELINQUENT PAYMENTS. The Lessee shall be subject to interest, administrative, and penalty charges on delinquent payments. If a payment is not received by the due date, the Lessee shall pay an interest charge on the delinquent payment for each day the payment is delinquent beyond the due date. If a payment becomes 60 days delinquent, the Lessee shall pay, in addition to the interest charge, an administrative charge to cover additional costs of billing and processing the delinquent payment. If a payment is delinquent 90 days or more, the Lessee shall pay, in addition to the interest and administrative charges, a penalty charge for each day the payment is delinquent beyond the due date, based on the remaining balance of the payment due at the rate of 6 percent per year. The Lessee shall also pay any fees incurred for debt collection services associated with a delinquent payment.
CHARGES FOR DELINQUENT PAYMENTS. 30 31 13. (a) The Contractor shall be subject to interest, administrative and 32 penalty charges on delinquent installments or payments. When a payment is not received 33 by the due date, the Contractor shall pay an interest charge for each day the payment is 34 delinquent beyond the due date. When a payment becomes 60 days delinquent, the 35 Contractor shall pay an administrative charge to cover additional costs of billing and 36 processing the delinquent payment. When a payment is delinquent 90 days or more, the 37 Contractor shall pay an additional penalty charge of six percent per year for each day the 1 payment is delinquent beyond the due date. Further, the Contractor shall pay any fees 2 incurred for debt collection services associated with a delinquent payment. 3
CHARGES FOR DELINQUENT PAYMENTS. Books, Records, and Reports ....................................................................................
