DEFAULT OF PAYMENT. In the event that the Company is in default of any payment which is to be made to the Union under the terms of this Collective Agreement, the Company agrees to bear the cost of collecting such monies including those legal fees directly involved in such collection. It is further agreed that such accounts shall bear a one (1%) percent per month penalty until they are paid.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
DEFAULT OF PAYMENT. In the event that the Company is in default of any payment which is to be made to the Union under the terms of this Collective Agreement, the Company agrees to bear the cost of collecting such monies including those legal fees directly involved in such collection. It is further agreed that such accounts shall bear a one (1%) percent 1%)percent per month penalty until they are paid.
Appears in 1 contract
Samples: Collective Bargaining Agreement
DEFAULT OF PAYMENT. 31.01 In the event that the Company is in default of any payment which is to be made to the Union under the terms of this Collective Agreement, the Company agrees to bear the cost of collecting such monies including those legal fees directly involved in such collection. It is further agreed that such accounts shall bear a one (1%) percent per month penalty until they are paid.
Appears in 1 contract
Samples: Collective Agreement
DEFAULT OF PAYMENT. 33.01 In the event that the Company is in default of any payment which is to be made to the Union under the terms of this Collective Agreement, the Company agrees to bear the cost of collecting such monies including those legal fees directly involved in such collection. It is further agreed that such accounts shall bear a one (1%) percent per month penalty until they are paid.
Appears in 1 contract
Samples: Collective Agreement
DEFAULT OF PAYMENT. 33.01 In the event that the Company is in default of any payment which is to be made to the Union under the terms of this Collective Agreementcollective agreement, the Company agrees to bear the cost of collecting such monies including those legal fees directly involved in such collection. It is further agreed that such accounts shall bear a one (1%) percent per month penalty until they are paid.
Appears in 1 contract
Samples: Collective Agreement
