Late payment interest of the Buyer Sample Clauses

Late payment interest of the Buyer. The rate of late payment interest concerning the Buyer’s delay with the payment of the Purchase Price or any part thereof is 0.01% of the due part of the price for each day of delay after the expiry of an additional time limit of 30 days specified by the Seller in a written request. Liability for damage The Parties are mutually liable for any damage caused by breach of this Contract. The compensation for damage is limited to 100 % of the total Purchase Price. Should a Party breach its obligation hereunder or may it or should it be aware of any such breach, that Party shall, without undue delay, notify the other Party which may incur harm to that effect and shall advise it of potential consequences; in such a case, the injured Party shall not be entitled to compensation for the harm that the notified Party could have prevented after such notification. Risk minimization tools Implementation plan. The Seller is obliged to conduct and periodically evaluate a project implementation plan and inform the Buyer of any material facts and events having but a potential negative effect on the performance under this Contract.
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Late payment interest of the Buyer. The rate of late payment interest concerning the Buyer’s delay with the payment of the price of the System or any part thereof is 0.01 % of the due part of the price of the System for each day of delay after the expiry of an additional time limit of thirty (30) days specified by the Seller in a written request.
Sample 1

Related to Late payment interest of the Buyer

  • Late Payment Fee Students will be assessed a late payment fee if acceptable payment arrangements are not made by the due date indicated on the statement. Acceptable payment arrangements include payment in full, pending financial aid, approved third-party billing (i.e. veterans) and an active and current payment plan with the Bursar’s Office. More About Tuition, Payment and Refunds. Please see the Academic Catalog, pages 23-29.

  • 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 If any undisputed amount in an invoice of the Transfer Agent (for fees or reimbursable expenses) is not paid when due, the Fund shall pay the Transfer Agent interest thereon (from the due date to the date of payment) at a per annum rate equal to one percent (1.0%) plus the Prime Rate (that is, the base rate on corporate loans posted by large domestic banks) published by The Wall Street Journal (or, in the event such rate is not so published, a reasonably equivalent published rate selected by the Fund) on the first day of publication during the month when such amount was due. Notwithstanding any other provision hereof, such interest rate shall be no greater than permitted under applicable provisions of Massachusetts law.

  • 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.

  • Late Payment Surcharge In the event of delay in payment of a Monthly Xxxx by Buyer beyond thirty (30) days of its Due Date, a Late Payment Surcharge shall be payable to the SPD at the rate of 1.25% per month on the outstanding amount calculated on a day to day basis subject to such late payment being duly received by Buyer under the PSA from the Buying Entity(ies). The Late Payment Surcharge shall be claimed by the SPD through the Supplementary Xxxx.

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