INTEREST ON OVERDUE ACCOUNTS. All charges owing under this contract are due and payable upon accounts being rendered. Non-payment of charges constitutes breach of this contract and interest at the rate of 2% per month shall be charged on monies overdue.
INTEREST ON OVERDUE ACCOUNTS. Interest shall accrue at the Default Rate on the outstanding balance of all overdue amounts payable under clause 5, calculated daily.
INTEREST ON OVERDUE ACCOUNTS. 19.1 If a Party fails to pay an amount on the date it is due under this Contract, then that Party must pay Interest to the other Party on the outstanding amount until that amount is paid.
19.2 Interest will accrue daily at the Default Rate for each day from the date on which the amount became due and payable until payment is made, and is payable on the date payment of the principal amount is made.
19.3 If a liability under this Contract becomes merged in an order or judgment of a court of competent jurisdiction, then the Party must pay Interest to the other Party on the amount of that liability as an independent obligation. This Interest accrues from the date the liability becomes due for payment (after or at the time of the order or judgment) until it is paid, at a rate that is the higher of the rate payable under the order or judgment and the Default Rate
INTEREST ON OVERDUE ACCOUNTS. In the event charges remain unpaid following the due date, they shall bear interest at the rate of 1.5% per month (19.56% per annum) calculated and compounded daily as of the due date. As long as charges remain unpaid, Vidéotron shall issue an account statement on a monthly basis. Any partial payment made by the Customer shall first be applied to the accrued interest, then the unpaid capital, starting with the overdue amounts due the latest with respect to the payment date.
INTEREST ON OVERDUE ACCOUNTS. If payment in full of any invoice is not received within 15 business days of the receipt of the invoice, Asian Institute of Technology shall pay interest on all outstanding amounts at the annual rate of interest, being the Siam Commercial Bank Public Company Limited overdraft rate as published on their website plus 1 %, calculated on a daily basis:
(a) from, in respect of all outstanding amounts not disputed by Asian Institute of Technology in accordance with clause 7.3, the due date for payment of the invoice to the date of payment; and
(b) from, in respect of any outstanding amounts disputed by Asian Institute of Technology in accordance with clause 7.3 and the Parties have unanimous resolution later on that the original outstanding amount specified in the invoice is accurate, fifteen (15) business days after resolution of the dispute to the date of payment.
INTEREST ON OVERDUE ACCOUNTS. Subject to Clause 7.10, the Client will be liable for interest on overdue amounts due and payable under this Agreement from the date on which payment was due to the date on which payment is made. The interest rate applicable under this Clause 7.9 is the rate which is 6% above the bank xxxx buying rate for bills with a tenor of 90 days quoted from time to time by National Australia Bank. The initial interest rate will be based on the average of the relevant bank xxxx rates quoted by National Australia Bank on the second last business day of the month before the date interest begins to accrue. The interest rate will be adjusted on the first day of every calendar month based on the average of the relevant bank xxxx rates quoted by National Australia Bank on the second last business day of the immediately preceding month. Interest will be calculated on a daily basis on the outstanding amount.
INTEREST ON OVERDUE ACCOUNTS. All amounts due and owed to the Service Provider hereunder but not paid by the Subscriber on the due date thereof shall bear interest at the rate of ten per cent (10%) per annum. Such interest shall accrue from time to time on the balance of unpaid amounts outstanding from the date on which portions of such amounts become due and owing until payment thereof in full.
INTEREST ON OVERDUE ACCOUNTS. 12.1 The User shall pay to the Authority simple interest at the rate of EIGHTEEN PERCENT (18%) per annum on all sums required to be paid under this Agreement, which have become overdue and remain unpaid.
INTEREST ON OVERDUE ACCOUNTS. If an Owner fails to pay any invoice rendered by the Operator when due and payable, the unpaid amount shall, in the sole discretion of the Operator, bear interest at a rate equivalent to the average monthly prime rate of interest quoted by the principal chartered bank in Canada used by the Operator plus a rate of two (2%) percent per annum from the due date until the accrued interest is paid, all such interest to be for the sole account of the Operator. A letter from such principal banker to the Operator stating the bank's rate of interest for the relevant period shall be conclusive and final proof as to the applicable rate of interest to be applied for the purposes of this Agreement.
INTEREST ON OVERDUE ACCOUNTS. If the Tenant shall fail to pay any Rent from time to time payable by it to the Landlord hereunder promptly when due, the Landlord shall be entitled to interest thereon at a rate of 3% per annum in excess of the prime rate of interest charged by the HSBC Bank Canada on its commercial loans, at its main branch in Vancouver from time to time from the date upon which same was due until actual receipt of payment thereof.
