Common use of DUE DATE AND DELINQUENCY Clause in Contracts

DUE DATE AND DELINQUENCY. Payment for a preceding month is due within 10 days of the first day of the following month. Together with each monthly payment, and as requested by Director, Concessionaire shall provide a detailed report of all Gross sales showing deductions therefore derived from the previous month by the categories set forth in Section 7.4 or other detail reports regarding products sold. Such report shall be submitted in a format acceptable to the Director and shall also include any other information required by the Director, including the information required in all sections of this Agreement . In the event that Concessionaire is delinquent in paying the City and/or late in reporting the monthly Gross Sales (beyond the 10 days), and Concessionaire fails to provide documentation to substantiate late payments, Director shall have the right to assess liquidated damages in the amount of $500.00 per day until such reports are received for Concessionaire’s failure to meet remittance and/or reporting requirements.

DUE DATE AND DELINQUENCY. 7.2.1. Payment for a preceding month is due within 10 days of the first day of the following month 7.2.2. Together with each monthly payment, and as requested by Director, Concessionaire shall provide a detailed report of all Gross sales showing deductions therefore derived from the previous month by the categories set forth in Section 7.4 or other detail reports regarding products sold. Such report shall be submitted in a format acceptable to the Director and shall also include any other information required by the Director, including including, but not limited to, the information required in all sections of this Agreement Section 8.1. 7.2.3. In the event that Concessionaire is delinquent in paying the City and/or late in reporting the monthly Gross Sales (beyond the 10 days), and Concessionaire fails to provide documentation to substantiate late payments, Director shall have the right to assess asses liquidated damages in the amount of $500.00 per day until such reports are received for Concessionaire’s failure to meet remittance and/or reporting requirements.

DUE DATE AND DELINQUENCY. 7.2.1. Payment for a preceding month is due within 10 days of the first day of the following month. 7.2.2. Together with each monthly payment, and as requested by Director, Concessionaire shall provide a detailed report of all Gross sales showing deductions therefore derived from the previous month by the categories set forth in Section 7.4 7.47.3 or other detail reports regarding products sold. Such report shall be submitted in a format acceptable to the Director and shall also include any other information required by the Director, including the information required in all sections of this Agreement . 7.2.3. In the event that Concessionaire is delinquent in paying the City and/or late in reporting the monthly Gross Sales (beyond the 10 days), and Concessionaire fails to provide documentation to substantiate late payments, Director shall have the right to assess liquidated damages in the amount of $500.00 per day until such reports are received for Concessionaire’s failure to meet remittance and/or reporting requirements.requirements.‌