Interest and Penalty. Without prejudice to the exercise by LESSOR of its rights under the penal provisions herein, LESSEE shall pay to LESSOR interest on any amount due under this Contract which remains unpaid on due date thereof at the rate of TWO PERCENT (2%) per month, or at the maximum prevailing interest rate allowed by law as determined by LESSOR at the time the obligation is due, whichever is higher, to be computed from the date of delinquency until such amount is paid in full. The interest and penalty rates shall be subject to review and adjustment by LESSOR yearly on 31 January at a rate to be mutually agreed by the parties. WNS Global Services Philippines, Inc._Techno Plaza II_5th and 6th Floors The preceding interest and penalty charges shall apply to any and all arrearages in the amounts payable by LESSEE, including but not limited to rentals, LESSEE’s share in Common Area Charges, and reimbursement of appropriate real property taxes as may be applicable. In case of cancellation or termination of this Contract due to default or breach of its terms by LESSEE, LESSEE shall pay all attorney’s fees, costs and expenses of litigation that may be ordered by the courts.
Interest and Penalty. LESSEE shall pay to LESSOR interest and penalties on any amount due under this Contract at the rate of two percent (2%) per month, or at the maximum prevailing interest rate allowed by law as may be determined by LESSOR, at the time the obligation is due, whichever is higher, to be computed from the date of delinquency until such amount is paid in full, plus a penalty of three percent (3%) per month, to be computed from the date of delinquency until such amount is paid in full. COMMON AREA CHARGES The Common Area Charges are subject to final determination by the Building Administrator and the rate shall be finalized upon building handover. This is payable quarterly in advance and may be changed from time to time by the Building Administration. The Common Area Charges shall be determined by the LESSOR prior to the signing of the Contract of Lease. LESSOR commits to the LESSEE that it shall have full transparency for the cost breakdown of expenses covered by the Common Area charges fee. ELECTRICITY Based on actual consumption (meter reading) WATER Based on actual consumption (meter reading) TELECOMMUNICATIONS LESSEE shall have the right to use any telecommunications provider, subject to reasonable requirements of LESSOR to allocate space in the Building’s conduits and/or equipment rooms. LESSOR shall not charge the chosen telecommunications provider fees for the access to the Building. AIR CONDITIONING · VRF Air-conditioning system. There will be NO after-office air conditioning charges. AC electricity charges shall be sub-metered and for the sole account of the LESSEE. WNS Global Services Philippines, Inc._Techno Plaza II_5th and 6th Floors OTHER UTILITIES Based on actual consumption or charges for emergency power and other public services or utilities consumed or supplied in the Leased Premises. PARKING Reserved parking rate shall be as follows: — P4,000.00/slot per month for indoor parking Reserves parking rates are exclusive of VAT and payable quarterly in advance. LESSEE shall be given a parking slot allocation of one (1) slot for every 100-square meter of Leasable Area. There shall be a separate Contract of Lease for parking. The LESSEE shall only pay for the actual number of slots that it is using. REINSTATEMENT LIABILITY At the expiration or early termination of the lease, LESSEE will be allowed to vacate the premises on an “as-is” condition and in good tenantable condition (i.e. no reinstatement). Improvements and alterations to the Leased Premises ...
Interest and Penalty for Advance Payment) In the event that the Bank makes advance payment and related deferred charge, interest, penalty, delayed interest and other expenses for the Contractor, the Contractor shall repay to the Bank all advance payment of the Bank immediately. The interest shall be calculated based on the Bank’s Base Rate plus 4% from the Bank payment date till the Contractor makes full payment. In the event the interest rate is adjusted after the Bank makes advance payment, the Contractor agrees to adopt the new Base Rate after the adjustment by adding 4% as the interest rate and it shall be calculated from the day the Bank made such payment.
Interest and Penalty for Advance Payment) For those instruments that the Contractor asks the Bank to accept or guaranty, the Contractor shall provide sufficient funds in the Bank before the maturity date. In the event of any delay or the Bank shall make advance payment to the Contractor, no matter under what circumstance, the Contractor upon receipt of the notice by the Bank, shall immediately repay such amount and bear the interests which will be calculated based on the Bank’s Base Rate plus 4% from the Bank payment date till the Contractor’s full repayment. In the event the interest rate is adjusted after the Bank’s advance payment is made, the Contractor agrees to adopt the new Base Rate after the adjustment by adding 4% as the interest rate from the date of the adjustment. In addition to interests, the Contractor shall pay penalty according the Bank’s rules.
Interest and Penalty. Without prejudice to the exercise of the LESSOR of its rights under the penal provisions herein, the LESSEE shall pay to the LESSOR interest or any amount herein provided to be paid by the LESSEE that is not paid on time, at an interest rate equivalent to Two Percent (2%) per month to be computed from the date of delinquency until the amount due is paid in full.
Interest and Penalty. (a) The BORROWER shall pay interest on the LOAN outstanding from time to time on each INTEREST PAYMENT DATE for the relevant INTEREST PERIOD at the rate equal to the REFERENCE RATE plus the SPREAD. If any INTEREST PAYMENT DATE would fall on any day which is not a BUSINESS DAY, the interest shall be payable on the next succeeding BUSINESS DAY and the interest shall be adjusted accordingly.
Interest and Penalty. (a) The BORROWER shall pay interest on the LOAN outstanding from time to time on each INTEREST PAYMENT DATE for the INTEREST PERIOD then ending at the rate equal to the REFERENCE RATE plus the SPREAD. If any INTEREST PAYMENT DATE would fall on any day which is not a BUSINESS DAY, the interest shall be payable on the next succeeding BUSINESS DAY and the interest shall be adjusted accordingly.
Interest and Penalty. Any sums payable to Port by Airline under any provisions of this Agreement which are not paid when due shall bear interest and penalty at the applicable rate provided by duly enacted Port Ordinance.
Interest and Penalty. An interest charge and penalty will be assessed on overdue amounts for each quarter, or portion thereof, that payment is delayed beyond the 30 day period provided for above. The percent of interest charged will be equal to the current value of funds rate to the U.S. Treasury as published annually in the Federal Register by the U.S. Treasury. In addition, an administrative charge of $53.00 and a penalty charge of 6 percent (6%) per annum will be assessed after any payment is 90 days delinquent. If Contractor fails to submit quarterly financial reports within 30 days of quarter end, an estimate of revenue due to the U.S. Government will be developed and a xxxx for collection will be sent to the Contractor. Unless full payment is received within 90 days from the due date specified in the Contract, the Concession Contractor will be in breach of the Contract and the Contract may be terminated after the 15-day period to cure the breach.
Interest and Penalty. An interest charge will be assessed on overdue payments. The percent of interest charged will be equal to the current value of funds rate to the United States Treasury as published annually in the Federal Register by the United States Treasury. In addition, an administrative charge of $53.00 and a penalty charge of 6 percent per annum will be assessed after any payment delayed 90 days beyond the end date of each quarter.
