Late payment and payment incident Sample Clauses

Late payment and payment incident. 1. In case the Registered Participant has not fully paid an invoice by the due date specified on the invoice, the Allocation Platform shall notify the Registered Participant that a payment incident will be registered if the amount including applicable interest due is not received within three (3) Working Days upon sending of the notification. In case of no payment within the deadline, the Allocation Platform shall notify the Registered Participant that the payment incident was registered. 2. Immediately after registration of the payment incident the Allocation Platform may invoke the collaterals. 3. The Allocation Platform may suspend or terminate the Participation Agreement in case of registered payment incident in accordance with Articles 59 and 60. 4. In case of late payment or refund, the Parties shall pay interest on the amount due including taxes and levies from the first (1st) day following the date on which the payment was due until the date on which the payment is done. The interest shall be equal to the highest amount of: (a) a flat rate of 100 €; or (b) in accordance with Article 5 of Directive 2011/7/EU, eight (8) percentage points per annum above the reference interest rate as officially published by the national authorities of the country in which the Allocation Platform is located and round up to the nearest half percentage point.
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Late payment and payment incident. 1. In case the Registered Participant has not fully paid an invoice by the due date specified on the invoice, the Allocation Platform shall notify the Registered Participant that a payment incident will be registered if the amount including applicable interest due is not received within three
Late payment and payment incident. 1. In case the Registered Participant has not fully paid an invoice by the due date specified on the invoice, the Allocation Platform shall notify the Registered Participant that a payment incident will be registered if the amount including applicable interest due is not received within three (3) Working Days upon sending of the notification. In case of no payment within the deadline, the Allocation Platform shall notify the Registered Participant that the payment incident was registered. 2. The Allocation Platform may suspend or terminate the Participation Agreement in case of registered payment incident in accordance with Articles 48 and 49. 3. In case of late payment or refund, the Parties shall pay interest on the amount due from the date of the payment until the date on which the payment is done. The interest shall be equal to the highest amount of: (a) a flat rate of 100 €; or (b) in accordance with Article 5 of Directive 2011/7/EU, eight (8) percentage points per annum above the reference interest rate as officially published by the national authorities of the country in which the Allocation Platform is located and round up to the nearest half percentage point.
Late payment and payment incident. 1. In case the Registered Participant has not fully paid an invoice by the due date specified on the invoice, the Allocation Platform shall notify the Registered Participant that a payment incident will be registered if the amount including applicable interest due is not received within three (3) Working Days upon sending of the notification. In case of no payment within the deadline and without prejudice to the other rights of the Allocation Platform, the Allocation Platform shall notify the Registered Participant that the payment incident was registered. 2. Immediately after registration of the payment incident the Allocation Platform may invoke the collaterals. 3. The Allocation Platform may suspend or terminate the Participation Agreement in case of registered payment incident in accordance with Article 57 and Article 58. 4. In case of late payment or refund, the Parties shall pay interest on the amount due including taxes and levies from the first (1st) day following the date on which payment was due until the date on which the payment is done. The interest, being charged without further notice, shall be equal to the highest amount of: (a) a flat rate of 100 €; or (b) eight (8) percentage points per annum above the reference interest rate as officially published by the national authorities of the country in which the Allocation Platform is located and round up to the nearest half percentage point.
Late payment and payment incident. 1. In case the Registered Participant has not fully paid an invoice by the due date specified on the invoice, the Single Allocation Platform shall notify the Registered Participant that a payment incident will be registered if the amount including applicable interest due is not received within three (3) 2. Immediately after registration of the payment incident the Single Allocation Platform may invoke the collaterals. 3. The Single Allocation Platform may suspend or terminate the Participation Agreement in case of registered payment incident in accordance with Article 71 and Article 72. 4. In case of late payment or refund, the Parties shall pay interest on the amount due including taxes and levies from the first (1st) day following the date on which the payment was due until the date on which the payment is done. The interest shall be equal to the highest amount of: (a) a flat rate of 100 €; or (b) in accordance with Article 5 of Directive 2011/7/EU, eight (8) percentage points per annum above the reference interest rate as officially published by the national authorities of the country in which the Single Allocation Platform is located and round up to the nearest half percentage point.
Late payment and payment incident. 1. In case the Registered Participant has not fully paid an invoice by the due date specified on the invoice, the Allocation Platform shall notify the Registered Participant that a payment incident will be registered if the amount including applicable interest due is not received within two (3) Working Days upon sending of the notification. In case of no payment within the deadline and without prejudice to the other rights of the Allocation Platform, the Allocation Platform shall notify the Registered Participant that the payment incident was registered. 2. Immediately after registration of the payment incident the Allocation Platform may invoke the collaterals. 3. The Allocation Platform may suspend or terminate the Participation Agreement in case of registered payment incident in accordance with Article 51 and Article 52. 4. In case of late payment or refund and without prejudice to the other rights of the Parties, the Parties shall pay interest on the amount due including taxes and levies from the first (1st) day following the date on which payment was due until the date on which the payment is done. The interest, being charged without further notice, shall be equal to the highest amount of: (a) a flat rate of 100 €; or (b) in accordance with Article 5 of Directive 2011/7/EU, eight (8) percentage points per annum above the reference interest rate as officially published by the national authorities of the country in which the Allocation Platform is located and round up to the nearest half percentage point.
Late payment and payment incident. ‌ 1. In case the Registered Participantregistered participant has not fully paid an invoice by the due date specified on the invoice, the Allocation Platformallocation platform shall notify the Registered Participantregistered participant that a payment incident will be registered if the amount including applicable interest due is not received within three (3) Working Dayworking days upon sending of the notification. In case of no payment within the deadline, the Allocation Platformallocation platform shall notify the Registered Participantregistered participant that the payment incident was registered. 2. Immediately after registration of the payment incident the Allocation Platformallocation platform may invoke the collaterals. After a recurring payment incident, the allocation platform may require from the registered participant to change its bank guarantee collateral to a cash deposit collateral. 3. The Allocation Platformallocation platform may suspend or terminate the Participation Agreementparticipation agreement in case of registered payment incident in accordance with Articles 58 and 59. 4. In case of late payment or refund, the Partiesparties shall pay interest on the due amount due including taxes and levies as from the first (1st) day following the date on which the payment was due until the date on which the payment is donesettled. The interest shall be equal to the highest amount of: (a) a flat rate of 100 €; or (b) in accordance with Article 5 of Directive 2011/7/EU, eight (8) percentage points per annum above the reference interest rate as officially published by the national authorities of the country in which the Allocation Platformallocation platform is located and rounded up to the nearest half percentage point. CHAPTER 9‌ Miscellaneous‌
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Late payment and payment incident. ‌ 1. In case the registered participant has not fully paid an invoice by the due date specified on the invoice, the allocation platform shall notify the registered participant that a payment incident will be registered if the amount including applicable interest due is not received within three (3) working days upon sending of the notification. In case of no payment within the deadline, the allocation platform shall notify the registered participant that the payment incident was registered. 2. Immediately after registration of the payment incident the allocation platform may invoke the collaterals. After a recurring payment incident, the allocation platform may require from the registered participant to change its bank guarantee collateral to a cash deposit collateral. 3. The allocation platform may suspend or terminate the participation agreement in case of registered payment incident in accordance with Articles 58 and 59. 4. In case of late payment or refund, the parties shall pay interest on the due amount including taxes and levies as from the first (1st) day following the date on which the payment was due until the date on which the payment is settled. The interest shall be equal to the highest amount of: (a) a flat rate of 100 €; or (b) in accordance with Article 5 of Directive 2011/7/EU, eight (8) percentage points per annum above the reference interest rate as officially published by the national authorities of the country in which the allocation platform is located and rounded up to the nearest half percentage point. CHAPTER 9‌ Miscellaneous‌

Related to Late payment and payment incident

  • Late Payment Fees If you have not paid a bill by the pay-by date, we may require you to pay a late payment fee, which is part of our standing offer prices published on our website.

  • Late Payment Timeliness of payment and any interest to be paid to Contractor for late payment shall be governed by Article 11-A of the State Finance Law to the extent required by law.

  • Late Payments Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two (2%) percent.

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