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. The Company shall be entitled to charge and the Buyer shall pay interest on any account or other monies due from the Buyer which is not paid by the Buyer on or before the due date as well after as before any judgement at a rate equal to 5 per cent above the published Finance House Base Rate for the time being.
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. 9.1 Any amount unpaid on the first day following the due date shall be considered overdue.
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 Distributor fails to pay for a purchase order on the due date, Manufacturer may charge interest on the overdue amount, from the date such amount became due, at the rate of the lesser of 1.5% per month, compounded monthly or the maximum interest rate permitted by applicable law.
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.
