Common use of Default & Consequences of Default Clause in Contracts

Default & Consequences of Default. 15.1 Interest on overdue invoices shall accrue from the date when payment becomes due daily until the date of payment at a rate of 2.5% per calendar month and such interest shall compound monthly at such a rate after as well as before any judgement.

Appears in 3 contracts

Samples: macconsultants.com.au, www.aucklandpapertubes.co.nz, atlasgroupconz.files.wordpress.com

AutoNDA by SimpleDocs

Default & Consequences of Default. 15.1 16.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due daily due, until the date of payment payment, at a rate of two and one half percent (2.5% %) per calendar month (and at the Seller’s sole discretion such interest shall compound monthly at such a rate rate) after as well as before any judgementjudgment.

Appears in 2 contracts

Samples: dewarappliances.co.nz, excelswitchgear.co.nz

Default & Consequences of Default. 15.1 11.1 Interest on overdue invoices or outstanding amounts payable to the Supplier shall accrue daily from the date when payment becomes due daily due, until the date of payment payment, at a rate of 2.51.5% per calendar month and such interest shall compound monthly at such a rate before and after as well as before any judgementjudgment.

Appears in 2 contracts

Samples: General Terms, General Terms

Default & Consequences of Default. 15.1 13.1 Interest on overdue invoices or outstanding amounts payable to the Seller shall accrue from the date when payment becomes due daily until the date of payment at a rate of 2.5% per calendar month and such interest shall compound comp ound monthly at such a rate before and after as well as before any judgement.

Appears in 2 contracts

Samples: www.activepools.com.au, www.activepools.com.au

Default & Consequences of Default. 15.1 4.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due daily due, until the date of payment payment, at a rate of 2.52.0% per calendar month and such interest shall compound monthly at such a rate after as well as before any judgementjudgment.

Appears in 2 contracts

Samples: edmoap.com.au, edmoap.com.au

Default & Consequences of Default. 15.1 8.1 Interest on overdue invoices shall accrue from the date when payment becomes due daily until the date of payment at a rate of 2.5% per calendar month in accordance with the Penalty Interest Rates Act 1983 (Vic) and such interest shall compound monthly accrue at such a rate after as well as before any judgement.

Appears in 2 contracts

Samples: buildingsitecctv.com.au, buildingsitecctv.com.au

Default & Consequences of Default. 15.1 14.1 Interest on overdue invoices shall accrue accrues daily from the date when payment becomes due daily due, until the date of payment payment, at a rate of 2.5% ten percent (10%) per calendar month and such interest shall compound compounds monthly at such a rate after as well as before any judgement.

Appears in 2 contracts

Samples: afphire.com.au, www.aussiefluidpower.com.au

Default & Consequences of Default. 15.1 13.1 Interest on overdue invoices shall accrue from the date when payment becomes due daily until the date of payment at a rate of 2.5% per calendar month and such interest shall compound monthly at such a rate after as well as before any judgement.

Appears in 1 contract

Samples: www.eriez.com.au

Default & Consequences of Default. 15.1 12.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due daily due, until the date of payment payment, at a rate of two and one half percent (2.5% %) per calendar month (and at the Contractor’s sole discretion such interest shall compound monthly at such a rate rate) after as well as before any judgementjudgment.

Appears in 1 contract

Samples: redsell.com.au

Default & Consequences of Default. 15.1 12.1 - Interest on overdue invoices shall accrue from the date when payment becomes due daily until the date of payment at a rate of 2.5% per calendar month and such interest shall compound monthly accrue at such a rate after as well as before any judgement.

Appears in 1 contract

Samples: www.visionhifi.com.au

Default & Consequences of Default. 15.1 8.1 Interest on overdue invoices shall accrue from the date when payment becomes due daily until the date of payment at a rate of 2.5% per calendar month and such interest shall compound monthly accrue at such a rate after as well as before any judgement.

Appears in 1 contract

Samples: www.bollinger.com.au

Default & Consequences of Default. 15.1 (a) Interest on overdue invoices shall accrue from the date when payment becomes due daily until the date of payment at a rate of 2.5% per calendar month and such interest shall compound monthly accrue at such a rate after as well as before any judgement.

Appears in 1 contract

Samples: s3-ap-southeast-2.amazonaws.com

Default & Consequences of Default. 15.1 16.1. Interest on overdue invoices shall accrue daily from the date when payment becomes due daily due, until the date of payment payment, at a rate of two and one half percent (2.5% %) per calendar month (and at the Contractor’s sole discretion such interest shall compound monthly at such a rate rate) after as well as before any judgementjudgment.

Appears in 1 contract

Samples: absoluteenergy.co.nz

Default & Consequences of Default. 15.1 11.1. Interest on overdue invoices shall accrue daily from the date when payment becomes due daily due, until the date of payment payment, at a rate of 2.53% per calendar month compounded monthly both before and such interest shall compound monthly at such a rate after as well as before any judgementjudgment.

Appears in 1 contract

Samples: www.watercon.net.au

Default & Consequences of Default. 15.1 12.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due daily due, until the date of payment payment, at a rate of 2.5% 7.5 percent (7.5%) per calendar month year and such interest shall compound monthly daily at such a rate after as well as before any judgement.judgement as set out under Section 2 of the Penalty Interest Rates Act 1983 (Vic) for the period from the due date until the date of payment in full;

Appears in 1 contract

Samples: shindaiwa.com.au

AutoNDA by SimpleDocs

Default & Consequences of Default. 15.1 17.1. Interest on overdue invoices shall accrue from the date when payment becomes due daily until the date of payment at a rate of 2.5% per calendar month and such interest shall compound monthly at such a rate after as well as before any judgement.

Appears in 1 contract

Samples: www.kitomba.com

Default & Consequences of Default. 15.1 18.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due daily due, until the date of payment payment, at a rate of two and one half percent (2.5% %) per calendar month (and at Hireways’ sole discretion such interest shall compound monthly at such a rate rate) after as well as before any judgement.judgment. expenses incurred in registering a financing statement or financing change statement on the Personal Property Securities Register or releasing any Goods charged thereby;

Appears in 1 contract

Samples: www.hireways.co.nz

Default & Consequences of Default. 15.1 13.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due daily due, until the date of payment payment, at a rate of two and a half percent (2.5% %) per calendar month (and at the Carrier’s sole discretion such interest shall compound monthly at such a rate rate) after as well as before any judgementjudgment.

Appears in 1 contract

Samples: www.westcoastexpress.com.au

Default & Consequences of Default. 15.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due daily due, until the date of payment in full together with interest, at a rate equivalent to two percent (2%) higher than the rate for the time being fixed under Section 2 of 2.5% per calendar month and the Penalty Interest Rates Act 1983 (Vic) (such interest shall to compound monthly at such a rate after as well as before any judgementmonthly).

Appears in 1 contract

Samples: www.magnumaustralia.com

Default & Consequences of Default. 15.1 13.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due daily due, until the date of payment payment, at a rate of 2.5twelve percent (18%) per calendar year (1.5% per calendar month month) and such interest shall compound monthly daily at such a rate after as well as before any judgement.

Appears in 1 contract

Samples: www.walkershammers.com.au

Default & Consequences of Default. 15.1 19.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due daily due, until the date of payment payment, at a rate of two and a half percent (2.5% %) per calendar month (and at the Seller’s sole discretion such interest shall compound monthly at such a rate rate) after as well as before any judgementjudgment.

Appears in 1 contract

Samples: www.hydserv.co.nz

Default & Consequences of Default. 15.1 19.1 Interest on overdue tax invoices shall accrue from the date when payment becomes due daily until the date of payment at a rate of 2.5% per calendar month and such interest shall compound monthly at such a rate after as well as before any judgement.

Appears in 1 contract

Samples: www.transways.com.au

Default & Consequences of Default. 15.1 9.1 Interest on overdue invoices shall accrue from the date when payment becomes due daily until the date of payment at a rate of 2.5% per calendar TERMS & CONDITIONS month and such interest shall compound monthly accrue at such a rate after as well as before any judgement.

Appears in 1 contract

Samples: orders.bromleywear.co.nz

Default & Consequences of Default. 15.1 9.1 Interest on overdue invoices shall accrue from the date when payment becomes due daily until the date of payment at a rate of 2.5% compounding per calendar month and such interest shall compound monthly accrue at such a rate after as well as before any judgementjudgment.

Appears in 1 contract

Samples: www.flintgrp.com

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!