Common use of Delinquency in Payment Clause in Contracts

Delinquency in Payment. ‌ (a) <District to Provide for Punctual Payment> The governing body of the District shall provide for the punctual payment to the State of payments which become due under this contract. (b) 59 <Interest on Overdue Payments> Upon every amount of money required to be paid by the District to the State pursuant to this contract which remains unpaid after it becomes due and payable, interest shall accrue at an annual rate equal to that earned by the Pooled Money Investment Fund, as provided in Government Code Sections 16480, et seq. calculated monthly on the amount of such delinquent payment from and after the due date until it is paid, and the District hereby agrees to pay such interest: provided, that no interest shall be charged to or be paid by the District unless such delinquency continues for more than thirty (30) days. 58 Deleted: Amendment 13‌ 59 Amended: Amendment 18

Delinquency in Payment. ‌ (a) <District to Provide for Punctual Payment> The governing body of the District shall provide for the punctual payment to the State of payments which become due under this contract. (b) 59 58 <Interest on Overdue Payments> Upon every amount of money required to be paid by the District to the State pursuant to this contract which remains unpaid after it becomes due and payable, interest shall accrue at an annual rate equal to that earned by the Pooled Money Investment Fund, as provided in Government Code Sections 16480, et seq. calculated monthly on the amount of such delinquent payment from and after the due date until it is paid, and the District hereby agrees to pay such interest: provided, that no interest shall be charged to or be paid by the District unless such delinquency continues for more than thirty (30) days. 58 Deleted: Amendment 13‌ 59 Amended: Amendment 18.

Delinquency in Payment. ‌ (a) <District to Provide for Punctual Payment> The governing body of the District shall provide for the punctual payment to the State of payments which become due under this contract.contract.‌ (b) 59 56 <Interest on Overdue PaymentsPayments > Upon every amount of money required to be paid by the District to the State pursuant to this contract which remains unpaid after it becomes due and payable, interest shall accrue at an annual rate equal to that earned by the Pooled Money Investment Fund, as provided in Government Code Sections 16480, et seq. calculated monthly on the amount of such delinquent payment from and after the due date until it is paid, and the District hereby agrees to pay such interest: provided, that no interest shall be charged to or be paid by the District unless such delinquency continues for more than thirty (30) days. 58 Deleted: Amendment 13‌ 59 Amended: Amendment 18days.‌

Delinquency in Payment. ‌ (a) <District Agency to Provide for Punctual Payment> Payment The governing body of the District Agency shall provide for the punctual payment to the State of payments which become due under this contract. (b) 59 <Interest on Overdue Payments> Payments Upon every amount of money required to be paid by the District <Agency> to the State pursuant to this contract which remains unpaid after it becomes due and payable, interest shall accrue at an annual rate equal to that earned by the Pooled Money Investment Fund, as provided in Government Code Sections 16480, et seq. calculated monthly on the amount of such delinquent payment from and after the due date until it is paid, and the District <Agency> hereby agrees to pay such interest: provided, that no interest shall be charged to or be paid by the District <Agency> unless such delinquency continues for more than thirty (30) days. 58 Deleted: Amendment 13‌ 59 Amended: Amendment 18.

Delinquency in Payment. ‌ (a) <District to Provide for Punctual Payment> The governing body of the District shall provide for the punctual payment to the State of payments which become due under this contract.contract.‌ (b) 59 58 <Interest on Overdue Payments> Upon every amount of money required to be paid by the District to the State pursuant to this contract which remains unpaid after it becomes due and payable, interest shall accrue at an annual rate equal to that earned by the Pooled Money Investment Fund, as provided in Government Code Sections 16480, et seq. calculated monthly on the amount of such delinquent payment from and after the due date until it is paid, and the District hereby agrees to pay such interest: provided, that no interest shall be charged to or be paid by the District unless such delinquency continues for more than thirty (30) days. 58 Deleted: Amendment 13‌ 59 Amended: Amendment 18days.‌

Delinquency in Payment. ‌ (a) <District to Provide for Punctual Payment> The governing body of the District shall provide for the punctual payment to the State of payments which become due under this contract.contract.‌ (b) 59 <Interest on Overdue Payments> Upon every amount of money required to be paid by the District to the State pursuant to this contract which remains unpaid after it becomes due and payable, interest shall accrue at an annual rate equal to that earned by the Pooled Money Investment Fund, as provided in Government Code Sections 16480, et seq. calculated monthly on the amount of such delinquent payment from and after the due date until it is paid, and the District hereby agrees to pay such interest: provided, that no interest shall be charged to or be paid by the District unless such delinquency continues for more than thirty (30) days. 58 Deleted: Amendment 13‌ 59 Amended: Amendment 18days.‌

Delinquency in Payment. ‌ (a) <District to Provide for Punctual Payment> The governing body of the District shall provide for the punctual payment to the State of payments which become due under this contract. (b) 59 <Interest on Overdue Payments> Upon every amount of money required to be paid by the District to the State pursuant to this contract which remains unpaid after it becomes due and payable, interest shall accrue at an annual rate equal to that earned by the Pooled Money Investment Fund, as provided in Government Code Sections 16480, et seq. calculated monthly on the amount of such delinquent payment from and after the due date until it is paid, and the District hereby agrees to pay such interest: provided, that no interest shall be charged to or be paid by the District unless such delinquency continues for more than thirty (30) days. 58 Deleted: Amendment 13‌ 59 Amended: Amendment 18.

Delinquency in Payment. ‌ (a) <District to Provide for Punctual Payment> The governing body of the District shall provide for the punctual payment to the State of payments which become due under this contract. (b) 59 56 <Interest on Overdue PaymentsPayments > Upon every amount of money required to be paid by the District to the State pursuant to this contract which remains unpaid after it becomes due and payable, interest shall accrue at an annual rate equal to that earned by the Pooled Money Investment Fund, as provided in Government Code Sections 16480, et seq. calculated monthly on the amount of such delinquent payment from and after the due date until it is paid, and the District hereby agrees to pay such interest: provided, that no interest shall be charged to or be paid by the District unless such delinquency continues for more than thirty (30) days. 58 Deleted: Amendment 13‌ 59 Amended: Amendment 18.