Interest on overdue payment Sample Clauses

Interest on overdue payment. If a Party Defaults in due and punctual payment of a Tax Invoice:
AutoNDA by SimpleDocs
Interest on overdue payment. Any undisputed sums past due hereunder by thirty (30) days or more, shall bear interest at nine percent (9%) per annum, calculated from the date such sum is due.
Interest on overdue payment. If User Defaults in due and punctual payment of a Tax Invoice:
Interest on overdue payment. In the event that the Purchaser does not fulfil its payment obligations, the Contractor is entitled to interest pursuant to act of 17 December 1976 relating to interest on overdue payment etc.
Interest on overdue payment. The Client agrees that in addition to all other rights and remedies of the Consultant if the Client fails to pay all moneys as and when due, the Consultant shall be entitled to payment of interest on overdue accounts. The interest shall be calculated on daily balances at the current CBA Corporate Overdraft Reference Rate plus 2% per annum on all moneys which are not paid by the due date.
Interest on overdue payment. In the event that the obligations under the Secured Note are not paid in full when due or after acceleration by SSi pursuant to the terms hereof, any unpaid principal and interest under the Secured Note shall bear interest from such date, at a fluctuating rate per annum equal to the Prime Rate plus 5%, or the highest rate per annum permitted by applicable law, whichever is less, until paid in full, whether before or after judgment. For purposes of this Agreement, "Prime Rate" means the rate publicly announced from time to time by First Interstate Bank as its prime rate.
Interest on overdue payment. If there are no reason to complaints regarding delivery or invoices and SLL does not effect payment of an invoice within the time stipulated in section 9.3 above, the Supplier shall be entitled to interest on overdue payment equivalent to the interest rate stipulated in 6 § of the Swedish Interest Act (1975:635) until SLL has effected payment.
AutoNDA by SimpleDocs
Interest on overdue payment. Payments due and unpaid under the Contract Documents shall bear interest from the date payment is due. The rate of interest that accrues on an overdue payment is the rate in effect on September 1 of the fiscal year in which the payment becomes overdue. The rate in effect on September 1 is equal to the sum of one percent and the prime rate as published in the Wall Street Journal on the first day of July of the preceding fiscal year that does not fall on a Saturday or Sunday. Interest on an overdue payment stops accruing on the date the governmental entity or vendor mails or electronically transmits the payment.

Related to Interest on overdue payment

  • Interest on Overdue Payments (a) If, for any reason, a Party does not pay an amount payable under or in connection with this Agreement on or before the due date for payment, it must pay interest to the other Party (who is entitled to receive the payment).

  • Interest on Overdue Amounts 22.1 Any Licence Fee which is payable and remains unpaid for a period in excess of 30 (thirty) days from the date of the invoice, will attract interest at the current legal rate, calculated in accordance with the interest rate prescribed by the Minister of Justice in accordance with the Prescribed Rate of Interest Act 55 of 1975, as amended.

  • 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.

  • 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.).

  • Interest on Past Due Amounts In addition to the late charge described in Article 14 below, if any installment of Annual Basic Rent or Additional Rent is not paid promptly when due, it shall bear interest at the Default Rate; provided, however, this provision shall not relieve Tenant from any default in the making of any payment at the time and in the manner required by this Lease; and provided, further, in no event shall the Default Rate exceed the maximum rate (if any) permitted by applicable law.

  • Interest on Advances Each Borrower shall pay interest on the unpaid principal amount of each Advance made to such Borrower by each Bank from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:

Time is Money Join Law Insider Premium to draft better contracts faster.