Common use of Effect of Untimely Payment Clause in Contracts

Effect of Untimely Payment. If a payment or payment installment is not made within ten (10) business days of the date specified above, the entire remaining balance, plus a penalty interest rate of 10% per annum on the entire remaining balance from the date initially due shall become immediately due and payable without notice or demand.

Effect of Untimely Payment. If a payment or payment installment is not made within ten (10) business days of the date specified aboveabove without first obtaining written permission from ARB Enforcement, the entire remaining balance, plus a penalty interest rate of 10% per annum on the entire remaining balance from the date initially due shall become immediately due and payable without notice or demand.

Effect of Untimely Payment. If a any payment or payment installment is not made within ten more than fifteen (1015) business days of the date specified abovelate, the entire remaining balance, plus a penalty interest rate of 10% per annum on the entire remaining balance from the date initially due shall become immediately due and payable without notice or demand.

Effect of Untimely Payment. If a any payment or payment installment is not made within ten (10) business days of the date specified above, the entire remaining balance, plus a penalty interest rate of 10% per annum on the entire remaining balance from the date initially due shall become immediately due and payable without notice or demand.