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.
Sample 1
AutoNDA by SimpleDocs
Late Payment Service Charge. If Client fails to pay any charges when
Sample 1
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.
Sample 1
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.
Sample 1
Late Payment Service Charge. With respect to late payments of principal: (a) Payments received subsequent to the due date shall be subject to a late payment service charge in the amount of One Thousand and 00/100 ($1,000.00) Dollars. (b) If the service charge is not paid along with the arrearage from which the service charge arose within five (5) days, then the amount of the service charge shall add to the unpaid principal balance and shall become an amount immediately due, together with interest from the date of default at the rate accruing on the unpaid principal balance, under this Agreement.
Sample 1
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.
Sample 1
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.
Sample 1
AutoNDA by SimpleDocs
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.
Sample 1

Related to Late Payment Service Charge

  • 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.

  • Late Payment Charge If any principal, interest or any other sums due under the Loan Documents (including the amounts due on the Maturity Date) are not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of four percent (4%) of such unpaid sum or the Maximum Legal Rate in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Mortgages and the other Loan Documents to the extent permitted by applicable law.

  • 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.

  • Late Payment Fees If you have not paid a bill by the pay-by date, we may require you to pay a late payment fee, which is part of our standing offer prices published on our website.

  • Late Payments Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two (2%) percent.

  • 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 Payment Charges If any undisputed amount due on a billing statement is not received by the billing Party by the Bill Due Date, the billing Party shall calculate and assess, and the billed Party agrees to pay, a late payment charge on the past due balance equal to one and one-half (1 ½%) percent per month or the highest rate of interest that may be charged under Applicable Law, compounded daily, for the number of days from the Bill Date until the date on which such payment is made. Such late payment charges shall be included on the billing Party’s next statement to the billed Party.

  • Service Charge The Tenant must pay the Service Charge in accordance with Part 1 of Schedule 3. The Tenant must pay: VAT on any consideration in respect of a VAT Supply to the Tenant by the Landlord at the same time as the consideration is paid; and on demand VAT (and interest, penalties and costs where these are incurred because of anything the Tenant does or fails to do) charged in respect of any VAT Supply to the Landlord in respect of the Premises where that VAT is not recoverable by the Landlord from HM Revenue & Customs. The Tenant must not do anything that would result in the disapplication of the option to tax in respect of the Landlord’s interest in the Building. The Tenant must pay interest on the Rents and on all other sums not paid on or by the due date (or, if no date is specified, not paid within 10 Business Days after the date of demand). Interest will be payable at the Interest Rate for the period starting on the due date (or date of demand) and ending on the date of payment. The Tenant must pay on demand the Landlord’s costs (including legal and surveyor’s charges and bailiff’s and enforcement agent’s fees) and disbursements in connection with: any breach of the Tenant’s obligations in this Lease, including the preparation and service of a notice under section 146 of the 1925 Act; any application by the Tenant for consent under this Lease, whether that application is withdrawn or consent is granted or lawfully refused, except in cases where the Landlord is required to act reasonably and the Landlord unreasonably refuses to give consent; [and] [carrying out works to the Premises to improve their Environmental Performance where the Tenant, in its absolute discretion, has consented to the Landlord doing so; and]31 the preparation and service of a schedule of dilapidations served no later than six months after the End Date. Third party indemnity32 The Tenant must indemnify the Landlord against all actions, claims, demands made by a third party, all costs, damages, expenses, charges and taxes payable to a third party and the Landlord’s own liabilities, costs and expenses incurred in defending or settling any action, claim or demand in respect of any personal injury or death, damage to any property and any infringement of any right, in each case arising from: the state and condition of the Premises or the Tenant’s use of them; the exercise of the Tenant’s rights; or the carrying out of any Permitted Works. In respect of any claim covered by the indemnity in clause 4.7.1, the Landlord must: give formal notice to the Tenant of the claim as soon as reasonably practicable after receiving notice of it; provide the Tenant with any information and assistance in relation to the claim that the Tenant may reasonably require and the Landlord is lawfully able to provide, subject to the Tenant paying to the Landlord all costs incurred by the Landlord in providing that information and assistance; and mitigate its loss (at the Tenant’s cost) where it is reasonable for the Landlord to do so.

  • Late Payment Rent Late payment by Tenant to Landlord of Rent and other sums due will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult and impracticable to ascertain. Such costs include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord under any Mortgage covering the Premises. Therefore, if any installment of Rent due from Tenant is not received by Landlord within 5 days after the date such payment is due, Tenant shall pay to Landlord an additional sum equal to 6% of the overdue Rent as a late charge. Notwithstanding the foregoing, before assessing a late charge the first time in any calendar year, Landlord shall provide Tenant written notice of the delinquency and will waive the right if Tenant pays such delinquency within 5 days thereafter. The parties agree that this late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. In addition to the late charge, Rent not paid when due shall bear interest at the Default Rate from the 5th day after the date due until paid.

  • 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.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!