Common use of Default & Consequences of Default Clause in Contracts

Default & Consequences of Default. 4.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of 2.0% per calendar month and interest shall compound monthly at such a rate after as well as before any judgment.

Appears in 2 contracts

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

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Default & Consequences of Default. 4.1 16.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of 2.0% 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 judgment.

Appears in 2 contracts

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

Default & Consequences of Default. 4.1 15.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, due daily until the date of payment, payment at a rate of 2.02.5% per calendar month and such interest shall compound monthly at such a rate after as well as before any judgmentjudgement.

Appears in 2 contracts

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

Default & Consequences of Default. 4.1 14.1 Interest on overdue invoices shall accrue accrues daily from the date when payment becomes due, until the date of payment, at a rate of 2.0% ten percent (10%) per calendar month and such interest shall compound compounds monthly at such a rate after as well as before any judgmentjudgement.

Appears in 2 contracts

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

Default & Consequences of Default. 4.1 13.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of 2.0twelve 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 judgmentjudgement.

Appears in 1 contract

Samples: www.walkershammers.com.au

Default & Consequences of Default. 4.1 12.1 - Interest on overdue invoices shall accrue daily from the date when payment becomes due, due daily until the date of payment, payment at a rate of 2.02.5% per calendar month and interest shall compound monthly accrue at such a rate after as well as before any judgmentjudgement.

Appears in 1 contract

Samples: www.visionhifi.com.au

Default & Consequences of Default. 4.1 13.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, due daily until the date of payment, payment at a rate of 2.02.5% per calendar month and such interest shall compound monthly at such a rate after as well as before any judgmentjudgement.

Appears in 1 contract

Samples: www.eriez.com.au

Default & Consequences of Default. 4.1 11.1. Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of 2.03% per calendar month compounded monthly both before and interest shall compound monthly at such a rate after as well as before any judgment.

Appears in 1 contract

Samples: www.watercon.net.au

Default & Consequences of Default. 4.1 13.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of 2.0% 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 judgment.

Appears in 1 contract

Samples: www.westcoastexpress.com.au

Default & Consequences of Default. 4.1 9.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, due daily until the date of payment, payment at a rate of 2.02.5% per calendar TERMS & CONDITIONS month and interest shall compound monthly accrue at such a rate after as well as before any judgmentjudgement.

Appears in 1 contract

Samples: orders.bromleywear.co.nz

Default & Consequences of Default. 4.1 18.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of 2.0% 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 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

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Default & Consequences of Default. 4.1 12.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of 2.0% 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 judgment.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

Default & Consequences of Default. 4.1 17.1. Interest on overdue invoices shall accrue daily from the date when payment becomes due, due daily until the date of payment, payment at a rate of 2.02.5% per calendar month and such interest shall compound monthly at such a rate after as well as before any judgmentjudgement.

Appears in 1 contract

Samples: www.kitomba.com

Default & Consequences of Default. 4.1 12.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of 2.0% 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 judgment.

Appears in 1 contract

Samples: redsell.com.au

Default & Consequences of Default. 4.1 9.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, due daily until the date of payment, payment at a rate of 2.02.5% compounding per calendar month and interest shall compound monthly accrue at such a rate after as well as before any judgment.

Appears in 1 contract

Samples: www.flintgrp.com

Default & Consequences of Default. 4.1 8.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, due daily until the date of payment, payment at a rate of 2.02.5% per calendar month and interest shall compound monthly accrue at such a rate after as well as before any judgmentjudgement.

Appears in 1 contract

Samples: www.bollinger.com.au

Default & Consequences of Default. 4.1 19.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of 2.0% 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 judgment.

Appears in 1 contract

Samples: www.hydserv.co.nz

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