Late payment Notice Sample Clauses
A Late Payment Notice clause establishes the procedure and requirements for notifying a party when a payment is overdue under a contract. Typically, this clause specifies the timeframe within which the notice must be sent after a missed payment, the method of delivery (such as email or registered mail), and the information that must be included in the notice, like the amount due and the original due date. By formalizing the notification process, this clause ensures both parties are aware of payment obligations and provides a clear mechanism to address late payments, thereby reducing disputes and encouraging timely fulfillment of financial commitments.
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Late payment Notice. 146. The Contractor may give notice (“late payment notice”) to the PCT if the PCT has failed to make any payments due to the Contractor in accordance with Part 12 of this Contract. The Contractor shall specify in the late payment notice the payments that the PCT has failed to make in accordance with that Part.
Late payment Notice. The Contractor may give notice (“late payment notice”) to the Board if the Board has failed to make any payments due to the Contractor in accordance with Part 12 of this Contract. The Contractor shall specify in the late payment notice the payments that the Board has failed to make in accordance with that Part.
Late payment Notice. CONTRACTOR shall send each Billing Customer that becomes delinquent or late a Late Payment Notice by mail or email, describing the late payment charge and amount owed by the Billing Customer and the collection actions that CONTRACTOR may take if CONTRACTOR does not receive payment within ten (10) days of the Late Payment Notice. Lien or Assessment Notices. CONTRACTOR shall send each Billing Customer and/or property owner that meets the CITY’s lienable status criteria (minimum 45 days past-due on the bill) a Notice of Intent to Lien (NOITL) or Notice of Intent to Assess (NOITA) based on the CITY’s lien cycle schedule. The CITY shall provide a template, on CITY letterhead, for the NOITL and NOITA, and shall include descriptions of fees and penalties related to lien collections. In the event that CONTRACTOR’s collection efforts fail, CONTRACTOR shall transfer the management of the delinquent amount for that Account to CITY for further collection via CITY’s lien process according to the CITY’s lien schedule. Transfer of the delinquent amount shall occur via electronic interface. Active Non-Lienable Accounts and Closed Accounts. CONTRACTOR agrees to comply with any applicable federal or California fair debt collection practices laws, including, without limitation, the Fair Debt Collection Practices Act.