Due date and interest Clause Samples

The 'Due date and interest' clause establishes when payments are required to be made under the agreement and sets out the consequences of late payment, typically in the form of accruing interest. In practice, this clause specifies the exact date by which an invoice or amount must be paid and details the interest rate or formula that will apply if payment is delayed, such as a fixed percentage above a reference rate. Its core function is to incentivize timely payment and compensate the payee for any delay, thereby reducing the risk of late payments and providing a clear mechanism for handling overdue amounts.

Due date and interest. (1) The entitlement to profit pursuant to § 2 or, as the case may be, the entitlement to compensation for a net loss pursuant to § 3 is due on the day after the last day of the controlled company's fiscal year to which the respective entitlement pertains. (2) The entitlement to profit pursuant to § 2 or, as the case may be, the entitlement to compensation for a net loss pursuant to § 3 must be settled no later than one day after expiry of a three-month period following approval of the controlled company's annual financial statements. (3) Interest at the statutory rate is payable for the period between the due date and the date of actual settlement of the entitlements specified in para. (1) above. This does not affect any claims arising from delayed payment.

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Due date and interest. The Vendors shall make all payments under this Deed in immediately available funds before 4.00 p.m. on the due date for payment without deduction or withholding on any account (save as expressly provided in this Deed) and if any amount is not paid when due the Vendors shall pay to the Purchaser interest on such amount accruing from day to day (as well after judgment as before) at the rate specified in Clause 18.10 of the Agreement from time to time from the due date until the date of actual payment (or the next Business Day if such day of actual payment is not a Business Day).

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Due date and interest. 5.1 Subject to clause 2.3 of Schedule 6, the Vendor must pay to the Purchaser any amount covenanted to be paid under this Tax Covenant on the later of the date:-

Due date and interest. (1) The entitlement to profit pursuant to § 2 or, as the case may be, the entitlement to compensation for a net loss pursuant to § 3 is due on the day after the last day of PZV’s fiscal year to which the respective entitlement pertains. (2) The entitlement to profit pursuant to § 2 or, as the case may be, the entitlement to compensation for a net loss pursuant to § 3 must be settled no later than one day after expiry of a three-month period following approval of PZV’s annual financial statements. (3) Interest at the statutory rate is payable for the period between the due date and the date of actual settlement of the entitlements specified in (1) above. This does not affect any claims arising from delayed payment.

Due date and interest. (1) The entitlement to profit pursuant to § 2 or, as the case may be, the entitlement to compensation for a net loss pursuant to § 3 is due on the day after the last day of POB’s fiscal year to which the respective entitlement pertains. (2) The entitlement to profit pursuant to § 2 or, as the case may be, the entitlement to compensation for a net loss pursuant to § 3 must be settled no later than one day after expiry of a three-month period following approval of POB’s annual financial statements. (3) Interest at the statutory rate is payable for the period between the due date and the date of actual settlement of the entitlements specified in para. (1) above. This does not affect any claims arising from delayed payment.

Due date and interest. The Vendor shall make all payments under this Deed in immediately available funds before noon on the due date for payment without deduction or withholding on any account (save as expressly provided in this Deed) and if any amount is not paid when due the Vendor shall pay to the Purchaser interest on such amount accruing from day to day (as well after judgement as before) at the rate of 5 per cent per annum above the base rate of Barclays Bank plc from time to time from the due date until the date of actual payment (or the next Business Day if such day of actual payment is not a Business Day), compounded quarterly. All payments hereunder shall be in Argentine Pesos

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Payment and Interest The amount determined payable pursuant to the decision, less any portion already paid, normally should be paid without awaiting Contractor action concerning appeal. Such payments shall be without prejudice to the rights of either party. Interest on amounts ultimately determined to be due to a Contractor shall be payable at the Statutory rate applicable to judgments against the State under Chapter 662, HRS from the date of receipt of a properly certified final written statement of actual adjustment required until the date of decision; except, however, that if an action is initiated in circuit court, interest under this Section 7.25, DISPUTES AND CLAIMS (§3-126-31 HAR) shall only be calculated until the time such action is initiated. Interest on amounts due the Department from the Contractor shall be payable at the same rate from the date of issuance of the Project Manager’s notice to the Contractor. Where such payments are required to be returned by a subsequent decision, interest on such payments shall be paid at the statutory rate from the date of payment.
Interest and Interest Rates The rate or rates at which the Notes shall bear interest, the date or dates from which such interest shall accrue, the interest payment dates on which any such interest shall be payable and the regular record date for any interest payable on any interest payment date, in each case, shall be as set forth in the form of Note set forth as Exhibit A hereto.
Payments and Interest Payments required of PURCHASER by this contract or modifications of this contract, other than those in Sections 13 and 42, shall be received by STATE within the time period stated on the instrument requesting payment from PURCHASER. Payments received after the due date stated on the billing instrument may be subject to an interest charge. The interest rate applied to overdue payments shall be the prime interest rate in effect on the day the payment became delinquent, as established by U.S. Bank, ▇▇▇▇ and ▇▇▇▇ Branch, plus 4 percent. Interest shall be calculated from the date of the original billing to the date payment is received by the State Forester.
Notification of Rate of Interest and Interest Amounts The Principal Paying Agent will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer and any stock exchange on which the relevant Floating Rate Notes or Index Linked Interest Notes are for the time being listed and notice thereof to be published in accordance with Condition 15 as soon as possible after their determination but in no event later than the fourth London Business Day thereafter. Each Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will be promptly notified to each stock exchange on which the relevant Floating Rate Notes or Index Linked Interest Notes are for the time being listed and to the Noteholders in accordance with Condition 15. For the purposes of this paragraph, the expression “
Payments of Principal and Interest Prepayments Fees Section 3.01 Repayment of Loans 33 Section 3.02 Interest 33 Section 3.03 Alternate Rate of Interest 34 Section 3.04 Prepayments 35 Section 3.05 Fees 36

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