Late Payment Service Charge Sample Clauses

Late Payment Service Charge. Client shall pay finance charges at the rate of 1.5% (18% APR) on all remaining balances, beginning fifteen (15) days after final due date printed on the invoice.
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Late Payment Service Charge. If Client fails to pay any charges when due and payable, Converged may charge a late payment service charge of one and one-half percent (1.5%) per month, but not in excess of the lawful maximum, on the past due balance. Should Client reasonably dispute an invoiced item, it will notify Converged prior to the invoice due dates of the nature and basis of the dispute and will pay all other amounts in accordance with this Section 5.
Late Payment Service Charge. Tenant covenants and agrees to pay to the Landlord a "Late Payment Service Charge" equal to four percent (4%) of any rent payment, or any other payment prescribed herein, which has not been paid in accordance with the terms and conditions of this Lease Agreement. Said "Late Payment Service Charge" shall be paid by Tenant to Landlord promptly upon proper notice and demand therefor. Notwithstanding the foregoing, in the event Landlord has delivered to Tenant a First Notice pursuant to Section 21.01 for non-payment of any additional rent and Tenant is contesting the payment of any additional rent in accordance with the provisions of Section 21.01, Landlord agrees not to impose a Late Payment Service Charge until after the expiration of the ten (10) day period following Landlord's Response. In the event Landlord has NOT delivered to Tenant a First Notice pursuant to Section 21.01 for non-payment of any additional rent and: Tenant is contesting, in good faith, the payment of such additional rent; and Tenant has provided Landlord with written notice of such contest within ten (10) days of Tenant's receipt of Landlord's invoice; and Such written notice contains the basis for Tenant's contest, including any and all required supporting documentation; and Tenant diligently prosecutes such contest in an expeditious manner; then Landlord shall delay exercising its right to impose a Late Payment Service Charge on contested additional rent payments for a period of fifteen (15) days after Landlord's receipt of Tenant's contest notice.
Late Payment Service Charge. With respect to late payments of principal:
Late Payment Service Charge. Tenant covenants and agrees to pay to the Landlord a “Late Payment Service Charge” equal to four percent (4%) of any rent payment, or any other payment prescribed herein, which has not been paid in accordance with the terms and conditions of this Lease Agreement. Said “Late Payment Service Charge” shall be paid by Tenant to Landlord promptly upon proper notice and demand therefor. Notwithstanding the above, said “Late Payment Service Charge” shall not accrue until five (5) days after written notice to Tenant that any such payments are due.
Late Payment Service Charge. The Seller will have the right to add to any invoice, and the Buyer agrees to pay, a service charge of one and one-half percent (1.5%) per month (not to exceed the lawful applicable rate) on all undisputed amounts not paid within the specified time. All disputed amounts, the payment of which is not otherwise resolved between the Buyer Representative and the Seller Representative will be subject to the Dispute Resolution provisions of Article 13. Any payment by the Buyer pursuant to this Section 4.3 shall be without prejudice to the Buyer's rights under Section 4.2(c) above.
Late Payment Service Charge. In the event Concessionaire fails to make timely payment of any Rent or Additional Rent within five (5) days after same shall become due and payable, upon each such event, a one hundred dollar ($100.00) service charge shall become immediately due and payable, together with interest at the rate of eighteen percent (18%) per annum or the maximum contract rate of interest allowed by law, whichever is less, on the delinquent payment(s) from the date due until the date payment is received by Host. Notwithstanding the foregoing, Host shall not be prevented from terminating this Sublease for default in the payment of Rent or Additional Rent or for default in the payment by Concessionaire of any payment due to City. Host and Concessionaire agree that the service charge and interest provided for herein with respect to late payments represent a fair and reasonable estimate as to the additional administrative, processing and accounting costs which will be incurred by Host as a result of any late payments by Concessionaire hereunder.
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Late Payment Service Charge. Any funds owed greater than 30 days beyond the Completion Date are subject to a service charge of one and one­half percent (1½ %) per month on the unpaid balance.

Related to Late Payment Service Charge

  • 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.

  • Interest on Late Payments a. State Agencies The payment of interest on certain payments due and owed by Agency may be made in accordance with Article 11-A of the State Finance Law (SFL §179-d et. Seq.) and Title 2 of the New York Code of Rules and Regulations, Part 18 (Implementation of Prompt Payment Legislation -2 NYCRR §18.1 et seq.).

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