INTEREST – LATE PAYMENT – DELAY IN TRANSFER Sample Clauses

INTEREST – LATE PAYMENT – DELAY IN TRANSFER. 5.1. Without prejudice to, and in addition to any other rights which the Developer may have, the Developer will be entitled to payment of interest by the Purchaser on all amounts due in terms of this agreement and which are made after any respective due date. Such interest will be calculated at a rate equal to the prime rate of interest charged from time to time by Investec Bank Limited on unsecured overdrafts to its most favoured customers, plus 2% (two percent) thereon.
Sample 1
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INTEREST – LATE PAYMENT – DELAY IN TRANSFER. 6.1 Without prejudice to, but in addition to any other rights which the seller then may have, the Seller will be entitled to payment of interest by the Purchaser on all amounts due in terms of this agreement, but which are in arrears. Such interest will be calculated at a rate equal to the prime rate of interest charged from time to time by ABSA Bank Limited on unsecured overdrafts to its most favoured customers, plus 2% (two percent). A certificate signed by any manager of any branch of the said bank will be evidence at face value of the said interest rate and the person purporting to issue the certificate will not have to prove his office as such. The purpose of this clause is not to give the Purchaser a right to postpone any payment.
Sample 1
INTEREST – LATE PAYMENT – DELAY IN TRANSFER. 6.1 Without prejudice to, but in addition to any other rights which the seller then may have, the Seller will be entitled to payment of interest by the Purchaser on all amounts due in terms of this agreement, but which are in arrears. Such interest will be calculated at a rate equal to the repo rate plus 2% (two percent).
Sample 1
INTEREST – LATE PAYMENT – DELAY IN TRANSFER. 6.1 Without prejudice to, but in addition to any other rights which the seller then may have, the seller will be entitled to payment of interest by the purchaser on all amounts due in terms of this agreement, but which are in arrear. Such interest will be calculated at a rate equal to the publicly quoted prime rate of interest charged from time to time by ABSA Bank Limited on unsecured overdrafts to its most favoured customers, plus 2% (two percent). A certificate signed by any manager of any branch of the said bank will be prima facie evidence of the said interest rate and the person purporting to issue the certificate will not have to prove his office as such. It is not the purpose of this clause to give the purchaser a right to postpone any payment.
Sample 1

Related to INTEREST – LATE PAYMENT – DELAY IN TRANSFER

  • Late Payment Surcharge In the event of delay in payment of a Monthly Xxxx by Buyer beyond thirty (30) days of its Due Date, a Late Payment Surcharge shall be payable to the SPD at the rate of 1.25% per month on the outstanding amount calculated on a day to day basis subject to such late payment being duly received by Buyer under the PSA from the Buying Entity(ies). The Late Payment Surcharge shall be claimed by the SPD through the Supplementary Xxxx.

  • Late Payment Timeliness of payment and any interest to be paid to Contractor for late payment shall be governed by Article 11-A of the State Finance Law to the extent required by law.

  • Additional Fee on Late Payments For any payments thirty (30) calendar days or more overdue under this Agreement, Registry Operator shall pay an additional fee on late payments at the rate of 1.5% per month or, if less, the maximum rate permitted by applicable law.

  • Late Payment Interest If the Customer fails to make payment by the agreed time, the Contractor shall be entitled to claim interest on any overdue amount, pursuant to the Act No. 100 of 17 December 1976 relating to Interest on Overdue Payments, etc. (Late Payment Interest Act).

  • Late Payment Fee Students will be assessed a late payment fee if acceptable payment arrangements are not made by the due date indicated on the statement. Acceptable payment arrangements include payment in full, pending financial aid, approved third-party billing (i.e. veterans) and an active and current payment plan with the Bursar’s Office. More About Tuition, Payment and Refunds. Please see the Academic Catalog, pages 23-31.

  • Interest on late payment Subject to clause 9.7, the Trader or the Distributor (as the case may be) must pay any Tax Invoice issued under this clause 9. If any part of a Tax Invoice that is properly due in accordance with this Agreement is not paid by the due date, Default Interest may be charged on the outstanding amount for the period that the Tax Invoice remains unpaid.

  • Late Payments If any undisputed amount in an invoice of the Transfer Agent (for fees or reimbursable expenses) is not paid when due, the Fund shall pay the Transfer Agent interest thereon (from the due date to the date of payment) at a per annum rate equal to one percent (1.0%) plus the Prime Rate (that is, the base rate on corporate loans posted by large domestic banks) published by The Wall Street Journal (or, in the event such rate is not so published, a reasonably equivalent published rate selected by the Fund) on the first day of publication during the month when such amount was due. Notwithstanding any other provision hereof, such interest rate shall be no greater than permitted under applicable provisions of Massachusetts law.

  • Payment of Liquidated Damages If you supply all or some of your milk to a third party during a Month you must, if required by DFMC, immediately pay to DFMC liquidated damages for that Month calculated as follows: $X = W cents x (Y – Z) Where: $X is the amount payable by you to DFMC for the relevant Month. If $X is a negative amount, no amount is payable by you. Y is the average monthly litres you have supplied to DFMC based on the 12 months immediately preceding the relevant Month (or in the event you have not supplied DFMC for 12 months, the average monthly litres you have supplied to DFMC during the period you have supplied DFMC). Z is the number of litres supplied to DFMC by you for the relevant Month.

  • Interest on Late Payments a. State Agencies The payment of interest on certain payments due and owed by Agency may be made in accordance with Article 11-A of the State Finance Law (SFL §179-d et. Seq.) and Title 2 of the New York Code of Rules and Regulations, Part 18 (Implementation of Prompt Payment Legislation -2 NYCRR §18.1 et seq.).

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