Common use of Interest; Penalties Clause in Contracts

Interest; Penalties. We may not charge you a penalty if you pay your bill on time. Your payment is on time if it is made within 45 days of the date the itemized statement is postmarked, or 30 days after the end of the billing period, whichever is later. The interest penalty we charge is ____% of the amount due, calculated on either a ( ) daily or ( ) monthly basis. For any bill delinquent over one month, penalties will be calculated on either a ( ) simple or ( ) compound basis.2

Interest; Penalties. We may not charge you a penalty if you pay your bill on time. Your payment is on time if it is made within 45 days of the date the itemized statement is postmarked, or 30 days after the end of the billing period, whichever is later. The interest penalty we charge is ____% of the amount due, calculated on either a ( ) daily or ( ) monthly basis. For any bill delinquent over one month, penalties will be calculated on either a ( ) simple or ( ) compound basis.2

Interest; Penalties. We The Corporation may not charge you a penalty if you pay your bill on time. Your payment is on time if it is made within 45 15 days of the date the itemized statement is postmarked, or 30 5 days after the end of the billing period, whichever is later. The interest penalty we charge that the Corporation charges is ____% 1.5 percent of the amount that is due, calculated on either a ( ) daily or ( ) monthly basis. For any bill delinquent over one month, penalties will be calculated on either a ( ) simple or ( ) compound basis.2basis.