Common use of Delinquent Interests Clause in Contracts

Delinquent Interests. The lack of timely payment of the Services or the Various Services will cause delinquent interest over unpaid balances for all the time of the delay which will be calculated as established: Rates and Mexican Pesos: Regarding rates agreed upon in Mexican Pesos the delinquent interest will be calculated resulting of multiplying the amount due considering the number of past days according to each User’s credit days times a daily rate of 0.066% (24% annual) this will apply until the full payment is received. Rates in US Dollars: Regarding rates agreed upon in Dollars, Legal Currency of the United States of America, the delinquent interest will be calculated resulting of multiplying the amount due considering the number of past days according to each User’s credit days times a daily rate of 0.05% (18% annual) this will apply until the full payment is received. In case of partial payments by the User, the amounts delivered to the account of the debt will be applied first over the delinquent interest and after over the principal.

Delinquent Interests. The lack of timely payment of the Services or the Various accessorial Services will cause delinquent interest over unpaid balances for all the time of the delay which will be calculated as established: Rates and in Mexican Pesos: Regarding rates agreed upon in Mexican Pesos the delinquent interest will be calculated resulting of multiplying the amount due considering the number of past days according to each User’s credit days times a daily rate of 0.066% (24% annual) this will apply until the full payment is received. Rates in US Dollars: Regarding rates agreed upon in Dollars, Legal Currency of the United States of America, the delinquent interest will be calculated resulting of multiplying the amount due considering the number of past days according to each User’s credit days times a daily rate of 0.05% (18% annual) this will apply until the full payment is received. In case of partial payments by the User, the amounts delivered to the account of the debt will be applied first over the delinquent interest and after over the principal.