Late Payment Amount. In the event that any amount payable by any Seller hereunder or under any of the other Purchase Documents remains unpaid for any reason for five (5) Business Days after the Administrative Agent provides notice to the Seller Representative that such amounts are past due, the Administrative Agent shall charge (for its benefit or the benefit of the Purchasers, as applicable), and such Seller shall pay, an amount (the “Late Payment Amount”) equal to (x) such unpaid amount due from such Seller to the Administrative Agent or the Purchasers during the period from (and including) the due date thereof to, but excluding the date payment is received by the Administrative Agent in full, times (y) a rate per annum equal to the Prime Commercial Rate, computed on the basis of a 360 day year, and for actual days elapsed. Late Payment Amounts shall be payable on demand and, if no prior demand is made, on the last Business Day of each calendar month.
Late Payment Amount. In the event that any amount payable by any Seller hereunder or under any of the other Purchase Documents remains unpaid for any reason for ten (10) Business Days after the Purchaser provides notice to the Seller Representative that such amounts are past due, the Purchaser shall charge, and such Seller shall pay, an amount (the “Late Payment Amount”) equal to (x) such unpaid amount due from such Seller to the Purchaser during the period from (and including) the due date thereof to, but excluding the date payment is received by the Purchaser in full, times (y) a rate per annum equal to the Prime Commercial Rate, computed on the basis of a 360 day year, and for actual days elapsed. Late Payment Amounts shall be payable on demand and, if no prior demand is made, on the last Business Day of each calendar month.
Late Payment Amount. (a) If any amount (including a portion of the Purchase Price) falls overdue for payment under this Agreement, the Party or Securityholder owing such overdue amount undertakes to pay a late payment amount (“Late Payment Amount”), calculated at 3% per annum from the date on which payment of that amount falls overdue until the date on which payment of the overdue amount is made in full. This Late Payment Amount will be calculated daily and will be compounded monthly.
(b) Any Late Payment Amount received by the Vendors shall be used to pay any actual costs incurred by the Vendors as a result of the late payment, and the remaining amount (if any) is to be donated, on behalf of the Purchaser, to a Sharia compliant charity or charities.
Late Payment Amount. If any sum due and payable by a Party (the "Paying Party") under the terms of this Agreement, except any sum due pursuant to Clause 2.4(a) (Liability of the Wakil) with respect to losses not resulting from the Xxxxx’x willful misconduct or negligence, is not paid to the other Party (the "Affected Party") on the due date (the "Due Date"), a late payment amount (the "Late Payment Amount") shall be payable on such amount as calculated in accordance with Clause 9.2 (Calculation of Late Payment Amount) and for the purposes of Clause 9.2 (Calculation of Late Payment Amount) the unpaid amount due from the Paying Party shall be referred to as the "Unpaid Sum" and the period beginning on the Due Date and ending on the date upon which the obligation of the Paying Party to pay the Unpaid Sum is discharged in full shall be referred to as the "Applicable Period".
Late Payment Amount. If the Second Party “customer” fails to pay any Instalment of the Total Deferred Amount on its due date, then the Second Party undertakes to donate to charity, if the First Party “Al Hilal Bank” demands, an amount of AED 100/- for each unpaid Instalment, to be immediately collected or to be added to any of the following Instalments of the Total Deferred Amount. The said amount shall be dispensed into Charity Account and distributed under the supervision of the Internal Shariah Supervision Committee of the First party after deducting all the actual collection expenses and taxes, which the first party has incurred because of the late payment. The First Party shall not include such amount into its asset nor account for it in its profits. The Second Party is considered a procrastinator until he/she proves otherwise. عفدلاب رخأتلا غلبم .13 لجؤملا غلبملا طاسقأ نم طسق يأ دادس نع "لماعتملا" يناثلا فرطلا رخأت اذإ كلذ هنم "فرصملا" لولأا فرطلا بلط اذإ مزـتلي هنإف ،هقاقحتسا خيرات يف ليصحت متيو ،عوفدم ريغ قحتسم طسق لك نع مهرد 100 غلبمب عربتلاب لجؤملا غلبملا طاسقأ نم طسق يأ ىلإ هتفاضإ متي وأ ةرشابم غلبملا كلذ ةرشابملا ةيلعفلا فيلاكتلا ةفاك مصخ دعب تاريخلا باسح يف بنجيو ،ةقحلالا ،عفدلا يف رخأتلل ةجيتن لولأا فرطلا اهدبكتي دق يتلا بئارضلاو ليصحتلل لاو ،لولأا فرطلل ةيلخادلا ةيعرشلا ةباقرلا ةنجل فارشإ تحت هفرص متيو نع هفلختب يناثلا فرطلا دَّعُيو ،هب عفتني لاو لولأا فرطلا لوصأ ىلإ مضُي .كلذ سكع تِّبثُي مل ام لا˝ طامم دادسلا
Late Payment Amount. If the Tenant fails to pay any amount due under this Lease on the due date (Due Date), ADPC may increase that amount to include an additional amount (Late Payment Amount) calculated in accordance with Clause 8.2 and for the purposes of Clause 8.2:
Late Payment Amount. In the event that any Seller shall fail to transfer to the Settlement Account any Collections received by such Seller with respect to the Purchased Receivables on or before the Settlement Date applicable thereto, then such Seller shall pay to the Purchaser a late payment fee for the period (from and including) such Settlement Date to (but not including) the date such payment is made by such Seller to the Settlement Account in an amount equal to (x) the amount of such Collections, times (y) (i) the Applicable Margin, plus (ii) the Applicable Index Rate (calculated by reference to such calculation periods as the Purchaser may select and notify to such Seller), computed on the basis of a 360 day year, and for actual days elapsed, and which shall be payable on demand, or if no demand is made, on the date such payment is made by such Seller to the Settlement Account.
Late Payment Amount. If the Second Party “customer” fails to pay any Instalment of the Total Deferred Amount on its due date, then the Second Party undertakes to donate to charity, if the First Party “Al Hilal Bank” demands, an amount of AED 200 for each unpaid Instalment, to be immediately collected or to be added to any of the following Instalments of the Total Deferred Amount. The said amount shall be dispensed into Charity Account and distributed under the supervision of the Internal Shariah Supervision Committee of the First party after deducting all the actual collection expenses and taxes, which the first party has incurred because of the late payment. The First Party shall not include such amount into its asset nor account for it in its profits. The Second Party is considered a procrastinator until he/she proves otherwise.
Late Payment Amount. In the event that any amount payable by any Seller hereunder or under any of the other Purchase Documents remains unpaid for any reason for two (2) Business Days after the Purchaser provides notice to such Seller that such amount is past due, the Purchaser shall charge, and such Seller shall pay, an amount (the “Late Payment Amount”) equal to (x) such unpaid amount due from such Seller to the Purchaser during the period from (and including) the due date thereof to, but excluding the date payment is received by the Purchaser in full, times (y) a rate per annum equal to the Prime Rate, computed on the basis of a 360 day year, and for actual days elapsed. Late Payment Amounts shall be payable on demand and, if no prior demand is made, on the last Business Day of each calendar month and shall be payable in the same currency as the currency in which the past due amount is payable.
