Common use of Default Interest for Late Payment Clause in Contracts

Default Interest for Late Payment. Subject to clause 3.5, Customer must pay Windcave interest at the Default Interest Rate on any overdue amounts under this Agreement, calculated daily from the due date until the actual date of payment. Customer will pay Windcave all costs (including collection costs and legal costs on a solicitor-client basis) that Windcave incurs in attempting to recover or recovering any such overdue amounts.

Appears in 3 contracts

Samples: General Terms and Conditions, General Terms and Conditions, General Terms and Conditions

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Default Interest for Late Payment. Subject to clause 3.53.4(b)(ii), Customer must pay Windcave interest at the Default Interest Rate on any overdue amounts under this Agreement, calculated daily from the due date until the actual date of payment. Customer will pay Windcave all reasonable costs (including collection costs and legal costs on a solicitor-client basis) that Windcave incurs in attempting to recover or recovering any such overdue amounts.

Appears in 1 contract

Samples: General Terms and Conditions

Default Interest for Late Payment. Subject to clause 3.53.5(c)(ii), Customer must pay Windcave interest at the Default Interest Rate on any overdue amounts under this Agreement, calculated daily from the due date until the actual date of payment. Customer will pay Windcave all costs (including collection costs and legal costs on a solicitor-client basis) reasonable attorney’s fees that Windcave incurs in attempting to recover or recovering any such overdue amounts, whether or not suit is filed.

Appears in 1 contract

Samples: General Terms and Conditions

Default Interest for Late Payment. Subject to clause 3.53.5(c)(ii), Customer must pay Windcave interest at the Default Interest Rate on any overdue amounts under this Agreement, calculated daily from the due date until the actual date of payment. Customer will pay Windcave all costs (including collection costs and legal costs on a solicitor-client basis) that Windcave incurs in attempting to recover or recovering any such overdue amounts.

Appears in 1 contract

Samples: General Terms & Conditions

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Default Interest for Late Payment. Subject to clause 3.5clauses 3.5(b) and 3.5(c)(ii), Customer must pay Windcave interest at the Default Interest Rate on any overdue amounts under this Agreement, calculated daily from the due date until the actual date of payment. Customer will pay Windcave all reasonable costs (including collection costs and legal costs on a solicitor-client basis) that Windcave incurs in attempting to recover or recovering any such overdue amounts.

Appears in 1 contract

Samples: General Terms and Conditions

Default Interest for Late Payment. Subject to clause 3.53.5(b)(ii), Customer must pay Windcave interest at the Default Interest Rate on any overdue amounts under this Agreement, calculated daily from the due date until the actual date of payment. Customer will pay Windcave all reasonable costs (including collection costs and legal costs on a solicitor-client basis) that Windcave incurs in attempting to recover or recovering any such overdue amounts.

Appears in 1 contract

Samples: General Terms and Conditions

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