Delay in payment time Sample Clauses

Delay in payment time. 14.8.1 If any reason attributable to the contract letting party causes the failure to pay the contractor all accounts hereunder, from the 15th day thereafter, the interest for overdue payment shall be paid to the contractor as per the interest rate of similar loans during the same period published by the People's Bank of China as liquidated damages for overdue payment. 14.8.2 If the contract letting party has been behind in payment for over 15 days, the contractor shall be entitled to send notice on payment requirement to the contract letting party, if the contract letting party still does not effect payment upon receipt of notice, the contractor may suspend part of the work, it shall be deemed as suspension caused by the contract letting party and subject to the provisions on suspension caused by any reason attributable to the contract letting party. In case of negotiation for entering into overdue payment agreement, the contract letting party shall effect payment according to the installments, time, amount and interest as set forth in the overdue payment agreement; if both parties fail to reach overdue payment agreement, which causes the failure to implement the project, the contractor may stop part or whole of the project, the contract letting party shall assume breach liabilities, in case of delay in any key route of the project, the date of completion shall be postponed accordingly. 14.8.3 If the contract letting party has been behind in payment for over 60 days, which affects the implementation of the whole project, the contract letting party shall pay the contractor interest for overdue payment as per twice of the interest rate of similar loans during the same period published by the People's Bank of China as liquidated damages for overdue payment, the interest for overdue payment shall be calculated from the date of overdue payment to the date of actual payment and deemed as liquidated damages for overdue payment.
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Related to Delay in payment time

  • Delay in Payment Notwithstanding anything else to the contrary in this Agreement, the BEP, or any other plan, contract, program or otherwise, the Company (and its affiliates) are expressly authorized to delay any scheduled payments under this Agreement, the BEP, and any other plan, contract, program or otherwise, as such payments relate to the Executive, if the Company (or its affiliate) determines that such delay is necessary in order to comply with the requirements of Section 409A of the Internal Revenue Code. No such payment may be delayed beyond the date that is six (6) months following the Executive’s separation from service (as defined in Section 409A). At the end of such period of delay, the Executive will be paid the delayed payment amounts, plus interest for the period of any such delay. For purposes of the preceding sentence, interest shall be calculated using the six (6) month Treasury Xxxx rate in effect on the date on which the payment is delayed, and shall be compounded daily. If the conditions of the severance exception under Treasury Regulation Section 1.409A-1(b)(9)(iii) (or any successor Regulation thereto) are satisfied, payment of benefits shall not be delayed for six (6) months following termination of employment to the extent permitted under the severance exception.

  • Default in Payment Any payment not made within ten (10) business days after it is due in accordance with this Agreement shall thereafter bear interest, compounded annually, at the prime rate in effect from time to time at Citibank, N.A., or any successor thereto. Such interest shall be payable at the same time as the corresponding payment is payable.

  • ALL-IN PAYMENTS It is agreed all-in payments breach the award and this Agreement. All-in payments to employees will not be made. Where it is alleged all-in payments are being made, the provisions of the VBIA shall apply.

  • Report-In Pay An employee who reports to work on a regularly scheduled workday without previous notice not to report shall receive a minimum of four (4) hours work or four (4) hours pay in lieu thereof at the applicable hourly rate.

  • CALL-IN PAY 14.01 An employee who is called in to work outside their regularly scheduled hours shall be paid a minimum of four (4) hours pay at their applicable rate whenever there is a break between the employee's regularly scheduled hours and the work the employee is called to perform.

  • Certain Payments Without the prior consent of the Dealer Manager, none of the Company, the Advisor or any of their respective affiliates will make any payment (cash or non-cash) to any associated Person or registered representative of the Dealer Manager.

  • IN PAY An employee who is called in for work outside his standard hours other than for scheduled overtime work, shall be paid either

  • Down Payment The Mortgagor has contributed at least 5% of the purchase price for the Mortgaged Property with his/her own funds.

  • Delay of Payment when Payment Date is Not a Business Day If the due date for a payment on a Note as provided in this Indenture is not a Business Day, then, notwithstanding anything to the contrary in this Indenture or the Notes, such payment may be made on the immediately following Business Day and no interest will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order to close or be closed will be deemed not to be a “Business Day.”

  • Change in Payment Instructions to Obligors The Servicer shall not (and shall not permit any Sub-Servicer to) add, replace or terminate any Collection Account (or any related Lock-Box) or make any change in its instructions to the Obligors regarding payments to be made to the Collection Accounts (or any related Lock-Box), other than any instruction to remit payments to a different Collection Account (or any related Lock-Box), unless the Administrative Agent shall have received (i) prior written notice of such addition, termination or change and (ii) a signed and acknowledged Account Control Agreement (or an amendment thereto) with respect to such new Collection Accounts (or any related Lock-Box) and the Administrative Agent shall have consented to such change in writing.

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