Late Payment Penalties. Interest shall accrue on any late payment owed to CareFusion hereunder not made on the date such payment is due, including late payments or underpayments of Royalties at an interest rate equal to the lesser of **THE CONFIDENTIAL PORTION HAS BEEN SO OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND HAS BEEN FILED SEPARATELY WITH THE COMMISSION.** or the highest rate permissible by law, with such interest accruing from the date the payment was originally due, and any late payment pursuant to this Section shall be credited first to interest and then to any outstanding fees. This Section shall in no way limit any other rights and remedies available to CareFusion, whether arising under this Agreement or at law or in equity.
Late Payment Penalties. If the Producer fails to pay any musician covered by this agreement within the time periods established by same, the following schedule of late penalty will become due and payable:
1. A penalty of 5% of the above-mentioned amount due and unpaid if the delinquent payment is made within five (5) days (excluding Saturday, Sunday and holidays) after payment was due.
2. A penalty of 7½% of the above-mentioned amount due and unpaid (excluding the penalty in 1., above) if the delinquent payment is made between the 6th and 10th business days (excluding Saturday, Sunday and holidays) after payment was due.
3. A penalty of 10% of the above-mentioned amount due and unpaid (excluding the penalty in 1. and 2., above) if the delinquent payment is made between the 11th and 15th business days (excluding Saturday, Sunday and holidays) after payment was due.
4. A penalty of 15% of the above-mentioned amount due and unpaid (excluding the penalty in 1., 2. and 3., above) if the delinquent payment is made between the 16th and 30th business days (excluding Saturday, Sunday and holidays) after payment was due.
5. A penalty of 20% of the above-mentioned amount due and unpaid (excluding the penalty in 1., 2., 3. and 4., above) if the delinquent payment is made between the
6. Payments made after such 50th business day shall require in lieu of the said additional 20% payment, the payment of an additional amount equal to 50% (fifty percent) of the initial amount payable plus an additional 10% payment for each thirty (30) days after the 50th day in which payment is not made. Such 50% and 10% payments shall not be required unless written notice has been given (which may not be given before the 31st day after the date of receipt of their completed xxxxxxxx and all necessary and completed W-4 forms) that the Producer is delinquent and the Producer has not made the payment within fifteen (15) business days after receipt of such notice.
7. The above delinquent payment penalties shall not apply to payments which have not been made by the Producer by reason of:
a. A bona fide dispute as to the amount due and payable notice of which shall be filed within five (5) business days following receipt of bills with the local of the Federation in whose jurisdiction the work was performed.
b. Emergencies beyond the control of the Producer.
c. Where the Producer inadvertently makes a less than full payment and presentation of the claim for the remainder is deliberately delayed in an attempt to collect ...
Late Payment Penalties. Any amount not paid within the contractual deadlines will be immediately and automatically subject to late payment penalties at the rate of 3 % (three percent) per year. The present clause shall not impede the enforceability of the receivable resulting from this contract.
Late Payment Penalties. Interest shall accrue on any late payment of fees owed to the receiving Party not made on the date such payment is due, at an annual interest rate equal to the lesser of the Euribor 1 month fixed by the European Central Bank plus three percent (3%) or the highest rate permissible by law, with such interest accruing from the date the payment was originally due to the receiving Party, and any late payment pursuant to this Section shall be credited first to interest and then to any outstanding fees. This Section shall in no way limit any other rights and remedies available to the Party to whom payment is owed, whether arising under this Agreement or at law or in equity.
Late Payment Penalties. Rent and any other Tenant incurred charges appearing on the Landlord's monthly invoices are due and payable to the Landlord on the first day of each month. There will be a four (4) day grace period through the fifth (5th) day of the month for the payment of such due bills. However any such unpaid bills after said date will be assessed at the late charge rate of 2% per month, computed from the first day of the month in which said xxxx is due, to the date of payment to the Landlord. This late charge shall be cumulative and be deemed an additive to the rent for the month such due xxxx is issued. Tenant's postdated check will be considered subject to the above assessment if the check date exceeds the above stated payment deadline. In the event a Tenant check fails bank clearance for any reason, the Landlord shall charge the Tenant with a $20.00 penalty fee to cover bank and administrative costs. If the Tenant fails to correct this deficiency and has not paid the Landlord the monies due by the tenth day of the month, then the late charge as set forth above shall be applicable. The Landlord's failure to demand or collect said late charges shall in no way be deemed a waiver of any right thereto or any other rights or remedies that the Landlord may have under the terms of this lease, by summary proceedings or otherwise.
Late Payment Penalties. All payments to Musicians are due within 15 business days of their services. Reuse payments are due within 30 calendar days of the rebroadcast. Foreign area payments or the first-tier foreign distributor’s gross payments are due within 60 days of foreign broadcast. Subsequent tier payments under the foreign distributor’s gross formula are due within 60 days after such tier has been reached. Failure to make payment in a timely manner is subject to the following late penalty thresholds: 5% on 1st – 5th business day after due date 7 ½% on 6th – 10th business day after due date 10% on 11th– 15th business day after due date 15% on 16th– 30th business day after due date 25% on 31st– 50th business day after due date, with written notice 55% after the 50th business day, with written notice and 10% accruing penalties each 30 days thereafter.
Late Payment Penalties. 4.1. Any invoice paid between the 31st and 50th day after the due date specified on the invoice shall be subject to a late payment penalty of 2% of the unpaid balance.
4.2. Any invoice paid between the 51st and 70th day after the due date specified on the invoice shall be subject to a late payment penalty equal to 4% of the unpaid balance.
4.3. Any invoice paid after the 70th day after the due date specified on the invoice shall be subject to a late payment penalty equal to 10% of the unpaid balance.
4.4. Customer shall be responsible for all collection or legal fees necessitated by lateness or default in payment.
Late Payment Penalties. All Royalties, System Contributions, amounts due for purchases by you from us, and any interest accrued thereon, and any other amounts which you owe us, or our affiliates, are subject to a late payment fee of $250 for payment or report received by us 5 days after its due date. The late payment fee is due immediately on any delinquent payments and for dishonored checks. The provision in this Agreement concerning late payment fees does not mean that we accept or condone late payments, nor does it indicate that we are willing to extend credit to, or otherwise finance, the operation of your Restaurant. In the event that you are delinquent in providing payment or reports during any 2 or more Accounting Periods, we may require you to pay all amounts due us by electronic transfer or cashier’s check.
Late Payment Penalties. In addition to other remedies set forth herein, if Customer fails to pay any undisputed amount on or before the Due Date, CUA may charge interest on the unpaid balance from the Due Date until the date paid at the nominal rate of 1.5% per month (or the highest rate permitted by law), compounded daily, or the highest rate permitted by applicable law, whichever is lower. CUA also may net or set-off amounts payable by CUA to Customer under this Agreement or otherwise against any unpaid balance if Customer fails to pay any amount, including any accrued interest, when due.
Late Payment Penalties. A late payment penalty shall be imposed if there remains an outstanding balance on any xxxx rendered under subsection (a) as of 12:00 noon on the sixth (6th) calendar day after the due date of that xxxx. The amount of the late payment penalty is fifteen percent (15%) of the outstanding balance on the xxxx (including amounts originally billed for pre- vious quarters that remain unpaid, and unpaid late payment penalties) as of the time the penalty is imposed.
