Delinquency of Payment Sample Clauses

Delinquency of Payment. If Tenant fails to pay use taxes to Landlord within thirty (30) days after written request therefrom, such delinquent amounts shall bear interest until paid at the lesser of the rate of fifteen percent (15%) per annum, or the maximum non-usurious rate permitted by Law (“Default Rate”). 6 10.23 ARTICLE 7 – INSURANCE 7.1
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Delinquency of Payment. All amounts due and owing to Forney by Mesquite shall be billed and paid monthly, and if not paid when due, bear simple interest at the maximum post-judgment interest rate as set out in Section 304.002, Texas Finance Code, or any successor statute from the date when due until paid, provided that such rate shall never be usurious or exceed the maximum rate as otherwise permitted by law. If Mesquite at any time disputes the amount to be paid by it to Forney, Mesquite shall nevertheless make the disputed payment or payments within the payment period set forth herein, and notify Forney of the disputed amount. After investigation, if it is subsequently determined by mutual agreement or court decision that the disputed amount paid by Mesquite should have been less or more, Forney shall promptly revise and reallocate Mesquite’s payments in a manner that Mesquite or Forney will recover the amount due. If any amount due and owing by Mesquite is placed with an attorney for collection by Forney and Forney prevails, then Mesquite shall pay to Forney, in addition to all other payments provided for by this Agreement, including interest, Xxxxxx’x reasonable collection expenses, including court costs and attorney’s fees. Mesquite further agrees that Forney may, at its option, terminate this Agreement, or it may discontinue transporting Mesquite’s Water until all judgment amounts due and unpaid are paid in full with interest as therein specified. Notwithstanding anything in this Agreement to the contrary, the Parties agree that any default shall not result in termination of this Agreement until sixty (60) days after the date that the alleged defaulting Party receives written notice from the non-defaulting Party specifying the default and the requirements to cure the same.
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Delinquency of Payment. If Tenant fails to pay any real or personal property taxes or assessments in accordance with the terms of this Article, Landlord shall have the right, after providing thirty (30) days written notice to Tenant of such failure, to thereafter pay any or all of such taxes and assessments and Tenant shall reimburse Landlord, within thirty (30) days of receipt of Landlord's invoice for the amount of such real and personal property taxes and assessments paid by Landlord together with interest on the amount paid by Landlord from the date advanced until reimbursed at the Specified Rate. Such sums shall become rent for the purposes hereof and shall be payable with the next monthly installment of Base Rent.
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Delinquency of Payment. A. Delinquency of payment of any one or more of the several Funds shall constitute a breach of this Agreement.
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Related to Delinquency of Payment

  • Currency of Payment The contract price will normally be paid in the currency or currencies in which the price has been stated. The purchaser, however, reserves the right to make payments in the currencies of the countries of origin of goods and services at the exchange rates applicable at the time of payment of the contract price.

  • 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.”

  • Delinquent Payment; Handling Charges All past due payments required of Tenant hereunder shall bear interest from the date due until paid at the lesser of twelve percent (f2%) per armum or the maximum laWful rate of interest (such lesser amount is referred to herein as the "Default Rate"); additionally, Landlord, in addition to all other rights and remedies available to it, may charge Tenant a fee equal to three and one-half percent (3.5%) of the delinquent payment to reimburse Landlord for its cost and inconvenience incurred as a consequence of Tenant's delinquency. In no event, however, shall the charges permitted under this Section 5 or elsewhere in this Lease, to the extent they are considered to be interest under applicable Law, exceed the maximum lawful-rate of interest. Notwithstanding the foregoing, the late fee referenced above shall not be charged with respect to the first occurrence (but not any subsequent occurrence) during any 12-month period that Tenant fails to make payment when due, unless such failure continues following the expiration of five (5) days after Landlord delivers written notice of such delinquency to Tenant.

  • Currency of Payments All payments in respect of, under and in connection with these presents and the Notes of any Series to the relevant Noteholders, Receiptholders and Couponholders shall be made in the relevant currency.

  • Delinquent Rent If not paid on the 1st, Rent shall be considered overdue and delinquent on the 2nd day of each calendar month. If Tenant fails to timely pay any month’s rent, Tenant will pay Landlord a late charge of $ per day until rent is paid in full. If Landlord receives the monthly rent by the 3rd day of the month, Landlord will waive the late charges for that month. Any waiver of late charges under this paragraph will not affect or diminish any other right or remedy Landlord may exercise for Tenant’s failure to timely pay rent.

  • No Delinquent Receivables As of the Cutoff Date, no payment due under any Receivable was more than 30 days past due.

  • Prepayment Charges The Master Servicer will not waive any part of any Prepayment Charge unless the waiver relates to a default or a reasonably foreseeable default, the Prepayment Charge would cause an undue hardship to the related borrower, the Mortgaged Property is sold by the Mortgagor, the collection of any Prepayment Charge would violate any relevant law or regulation or the waiving of the Prepayment Charge would otherwise benefit the Trust Fund and it is expected that the waiver would maximize recovery of total proceeds taking into account the value of the Prepayment Charge and related Mortgage Loan and doing so is standard and customary in servicing similar Mortgage Loans (including any waiver of a Prepayment Charge in connection with a refinancing of a Mortgage Loan that is related to a default or a reasonably foreseeable default). The Master Servicer will not waive a Prepayment Charge in connection with a refinancing of a Mortgage Loan that is not related to a default or a reasonably foreseeable default.

  • Late Payment Charge If any principal, interest or any other sums due under the Loan Documents (including the amounts due on the Maturity Date) are not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of five percent (5%) of such unpaid sum or the Maximum Legal Rate in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Mortgage and the other Loan Documents to the extent permitted by applicable law.

  • Late Payment Charges Except for Disputed Amounts, if a Party fails to remit payment for any charges for services by the Xxxx Due Date, or if a payment or any portion of a payment is received by a Party after the Xxxx Due Date, or if payment is not made by check that is currently dated and drawn on an account with sufficient available funds, then a late payment charge may be assessed as provided in Section 27.8.

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