Common use of Late Payment Surcharge Clause in Contracts

Late Payment Surcharge. In the event of payment of a Monthly ▇▇▇▇ by the Buying Entity beyond the Due Date, a Late Payment Surcharge shall be payable by the Buying Entity to SECI at the rate of 1.25% per month on the outstanding amount calculated on a day to day basis. The Late Payment Surcharge shall be claimed by SECI through the supplementary bills.

Appears in 5 contracts

Sources: Power Sale Agreement, Power Sale Agreement, Power Sale Agreement

Late Payment Surcharge. In the event of delay in payment of a Monthly ▇▇▇▇ by the Buying Entity Utility, within 30 days beyond the its Due Date, a Late Payment Surcharge shall be payable by the Buying Entity Utility to SECI at the rate of 1.25% per month on the outstanding amount calculated on a day to day basis. The Late Payment Surcharge shall be claimed by SECI through the supplementary billsnext Monthly ▇▇▇▇.

Appears in 5 contracts

Sources: Power Purchase Agreement, Power Sale Agreement, Power Purchase Agreement

Late Payment Surcharge. In the event of payment of a Monthly ▇▇▇▇ by the Buying Entity beyond sixty (60) days from the Due Datedate of presentation of ▇▇▇▇, a Late Payment Surcharge shall be payable by the Buying Entity to SECI at the rate of 1.25% per month on the outstanding amount calculated on a day to day basis. The Late Payment Surcharge shall be claimed by SECI through the supplementary billsnext Monthly ▇▇▇▇.

Appears in 3 contracts

Sources: Power Sale Agreement, Power Sale Agreement, Power Sale Agreement

Late Payment Surcharge. In the event of delay in payment of a Monthly ▇▇▇▇ by the Buying Entity SECI beyond the Due Date, a Late Payment Surcharge shall be payable by to the Buying Entity to SECI RPD at the rate of 1.25% per month on the outstanding amount calculated on a day to day basisbasis subject to such late payment surcharge being duly received by SECI under the PSA from the Buying Entity(ies). The Late Payment Surcharge shall be claimed by SECI the RPD through the supplementary billsSupplementary ▇▇▇▇.

Appears in 2 contracts

Sources: Power Purchase Agreement, Power Purchase Agreement

Late Payment Surcharge. In the event of payment of a Monthly ▇▇▇▇ by the Buying Entity beyond thirty (30) days of its Due Date from the Due Datedate of presentation of ▇▇▇▇, a Late Payment Surcharge shall be payable by the Buying Entity to SECI at the rate of 1.25% per month on the outstanding amount calculated on a day to day basis. The Late Payment Surcharge shall be claimed by SECI through the supplementary billsnext Monthly ▇▇▇▇.

Appears in 2 contracts

Sources: Power Sale Agreement, Power Sale Agreement

Late Payment Surcharge. In the event of delay in payment of a Monthly ▇▇▇▇ Bill by the Buying Entity SECI beyond the Due Date, a Late Payment Surcharge shall be payable by on the Buying Entity to SECI payment outstanding after the Due Date, at the rate of 1.25% per month on the outstanding amount calculated on a day to day basisbasis subject to such late payment surcharge being duly received by SECI under the BESSA from the Buying Entity(ies). The Late Payment Surcharge shall be claimed by SECI the BESSD through the supplementary billsSupplementary Bill.

Appears in 2 contracts

Sources: Battery Energy Storage Purchase Agreement, Battery Energy Storage Purchase Agreement

Late Payment Surcharge. In the event of delay in payment of a Monthly ▇▇▇▇ by the Buying Entity SECI beyond the thirty (30) days of its Due Date, a Late Payment Surcharge shall be payable by to the Buying Entity to SECI WPD at the rate of 1.25% per month on the outstanding amount calculated on a day to day basisbasis subject to such late payment surcharge being duly received by SECI under the PSA from the Buying Entity(ies). The Late Payment Surcharge shall be claimed by SECI the WPD through the supplementary billsSupplementary ▇▇▇▇.

Appears in 2 contracts

Sources: Power Purchase Agreement, Power Purchase Agreement

Late Payment Surcharge. In the event of delay in payment of a Monthly ▇▇▇▇ by the Buying Entity Utility thirty (30) days beyond the its Due Date, a Late Payment Surcharge shall be payable by the Buying Entity Utility to SECI at the rate of 1.25% per month on the outstanding amount calculated on a day to day basis. The Late Payment Surcharge shall be claimed by SECI through the supplementary billsnext Monthly ▇▇▇▇.

Appears in 1 contract

Sources: Power Sale Agreement

Late Payment Surcharge. In the event of payment of a Monthly ▇▇▇▇ by the Buying Entity beyond sixty (60) days from the Due Datedate of presentation of ▇▇▇▇, a Late Payment Surcharge shall be payable by the Buying Entity to SECI at the rate of 1.25% per month on the outstanding amount calculated on a day to day basis. The Late Payment Surcharge shall be claimed by SECI through the supplementary bills.

Appears in 1 contract

Sources: Power Sale Agreement

Late Payment Surcharge. In the event of delay in payment of a Monthly ▇▇▇▇ by the Buying Entity SECI beyond 30 days after the Due Date, a Late Payment Surcharge shall be payable by SECI to the Buying Entity to SECI at the rate of 1.25% per month WPD on the outstanding amount calculated on a day to day basis. The payment, at the base rate of Late Payment Surcharge shall be claimed by SECI through applicable for the supplementary bills.period for the first month of default. “

Appears in 1 contract

Sources: Power Purchase Agreement