Common use of INTEREST AND LATE PAYMENT CHARGES Clause in Contracts

INTEREST AND LATE PAYMENT CHARGES. 8.1 Citi Corporate Cards (Joint and Several Liability), a monthly late payment charge or such other charge as determined by the Bank and notified to the Company from time to time will be imposed on the Company and/or the Cardholder (as the case may be) if the Bank does not receive full payment of the minimum payment amount specified in the Cardholder’s billing statement by the payment due date indicated therein. For Citi Corporate Cards (Sole Corporate Liability), a monthly late payment charge or such other charges as determined by the Bank and notified to the Company from time to time, will be imposed on the Company if the Bank does not receive full payment of the amount set out in the Master Billing Statement by the payment due date indicated therein. If full payment of the current balance specified in the Master Billing Statement or the Cardholder’s billing statement is not made by the payment due date indicated therein, daily interest will accrue and be payable at the rate determined by the Bank. For the avoidance of doubt, references in the foregoing to the “Master Billing Statement” shall apply where the Liability Option selected is Sole Corporate Liability and references in the foregoing to the “Cardholder’s billing statement” shall apply where the Liability Option selected is Joint and Several Liability. 8.2 For the Citi Purchasing Card and Citi Travel Account, a late payment charge or such other charges as determined by the Bank and notified to the Company from time to time, will be imposed on the 8.3 Company if the Bank does not receive full payment of the amount set out in the Master Billing Statement by the payment due date indicated therein. 8.4 All interests, fees and charges provided by the Cardmember’s Agreement, this Agreement and in Addendum A hereof (which sets out such charges in details) are payable by the Company and/ or the Cardholder (as the case may be) before as well as after judgement.

INTEREST AND LATE PAYMENT CHARGES. 8.1 Citi Corporate Cards (Joint and Several Liability), a monthly late payment charge or such other charge as determined by the Bank and notified to the Company from time to time will be imposed on the Company and/or the Cardholder (as the case may be) if the Bank does not receive full payment of the minimum payment amount specified in the Cardholder’s billing statement by the payment due date indicated therein. For Citi Corporate Cards (Sole Corporate Liability), a monthly late payment charge or such other charges as determined by the Bank and notified to the Company from time to time, will be imposed on the Company if the Bank does not receive full payment of the amount set out in the Master Billing Statement by the payment due date indicated therein. If full payment of the current balance specified in the Master Billing Statement or the Cardholder’s billing statement is not made by the payment due date indicated therein, daily interest will accrue and be payable at the rate determined by the Bank. For the avoidance of doubt, references in the foregoing to the “Master Billing Statement” shall apply where the Liability Option selected is Sole Corporate Liability and references in the foregoing to the “Cardholder’s billing statement” shall apply where the Liability Option selected is Joint and Several Liability. 8.2 For the Citi Purchasing Card and Citi Travel Account, a late payment charge or such other charges as determined by the Bank and notified to the Company from time to time, will be imposed on the 8.3 Company if the Bank does not receive full payment of the amount set out in the Master Billing Statement by the payment due date indicated therein. 8.4 All interests, fees and charges provided by the Cardmember’s Agreement, this Agreement and in Addendum A hereof (which sets out such charges in details) are payable by the Company and/ or the Cardholder (as the case may be) before as well as after judgement.

INTEREST AND LATE PAYMENT CHARGES. 8.1 For Citi Business Card/Citi Corporate Cards (Joint and Several Liability/Cardmember Liability), a monthly late payment charge or such other charge as determined by the Bank and notified to the Company from time to time will be imposed on the Company and/or the Cardholder (as the case may be) if the Bank does not receive full payment of the minimum payment amount specified in the Cardholder’s billing statement by the payment due date indicated therein. For Citi Corporate Cards (Sole Corporate Liability), a monthly late payment charge or such other charges as determined by the Bank and notified to the Company from time to time, will be imposed on the Company if the Bank does not receive full payment of the amount set out in the Master Billing Statement by the payment due date indicated therein. If full payment of the current balance specified in the Master Billing Statement or the Cardholder’s billing statement is not made by the payment due date indicated therein, daily interest will accrue and be payable at the rate determined by the Bank. For the avoidance of doubt, references in the foregoing to the “Master Billing Statement” shall apply where the Liability Option selected is Sole Corporate Liability and references in the foregoing to the “Cardholder’s billing statement” shall apply for Citi Business Card or where the Liability Option selected is Joint and Several Liability/Cardmember Liability. 8.2 For the Citi Purchasing Card and Citi Travel Account, a late payment charge or such other charges as determined by the Bank and notified to the Company from time to time, will be imposed on the 8.3 the Company if the Bank does not receive full payment of the amount set out in the Master Billing Statement by the payment due date indicated therein. 8.4 8.3 All interests, fees and charges provided by the Cardmember’s Agreement, this Agreement and in Addendum A hereof (which sets out such charges in details) are payable by the Company and/ or and/or the Cardholder (as the case may be) before as well as after judgement.