Late Payment or Statement Clause Samples
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Late Payment or Statement. If Operator is delinquent for thirty (30) calendar days or longer in paying any amounts owed to the City under this Agreement, Operator shall pay to the City a late payment charge of one and one-half percent (1½%) per month). The late payment charge shall accrue from the date the delinquent amount was due until paid.
Late Payment or Statement. If Concessionaire is delinquent for thirty (30) days or longer in paying any amounts owed to the City under this Agreement following written notice, Concessionaire shall pay to the City a late payment charge assessed on the delinquent amount at the City’s then-prevailing rate on delinquent accounts (the rate at the date of execution of the Agreement is one and one-half percent (1½%) per month). The late payment charge shall accrue from the date the delinquent amount was due until paid. The remedies provided by this Section are in addition to all other remedies the City may have for a breach of this Agreement by Concessionaire, and nothing in this Section shall be deemed to be a waiver by the City or prevent the City from asserting any other remedy.
Late Payment or Statement. If Concessionaire is delinquent for thirty (30) days or longer in paying any amounts owed to the Authority under this Agreement, Concessionaire shall pay to the Authority a late payment charge assessed on the delinquent amount at the Authority’s then-prevailing rate on delinquent accounts (the rate at the date of execution of the Agreement is one and one-half percent (1½%) per month). The late payment charge shall accrue from the date the delinquent amount was due until paid. The remedies provided by this section are in addition to all other remedies the Authority may have for a breach of this Agreement by Concessionaire, and nothing in this section shall be deemed to be a waiver by the Authority or prevent the Authority from asserting any other remedy.
Late Payment or Statement. If Contractor is delinquent for thirty (30) days or longer in paying any amounts owed to the County under this Agreement, Contractor shall pay to the County a late payment charge assessed on the delinquent amount at the County’s then-prevailing rate on delinquent accounts (the rate at the date of execution of the Agreement is one and one-half percent (1½%) per month). The late payment charge shall accrue from the date the delinquent amount was due until paid.