Late Payments and Additional Service Charges Sample Clauses

Late Payments and Additional Service Charges. The Monthly Housing Fees will be delinquent if not received in full by Housing Services on or before 5:00 p.m. on the twenty-first (21st)day of the month in which it is due. A late Service Charge will be applied if the Resident’s balance is not paid by the 21st day of that month, whether if it falls on a business day or not. This late fee will be applied after the 21st and before the end of the month. The late service charge is calculated based on administrative staff time spent to process and track the late charge, plus interest accrued after 21 days. This late charge does not establish a grace period or waiver; the University may make written demand for payment if Monthly Housing Fees are not paid on their due date. The late charge is due no later than the first business day of the following month. If there is an outstanding balance due, all service charges and assessments, including, but not limited to, late Housing Fees, service charges, key-and-lock service charges, returned-check service charges, custodial or property damage assessments, parking and garage license fees, and extra storage space fees, will be applied first to that balance due and then to the Housing Fees. If the payment is not sufficient to cover both the assessments/service charge(s) and the Monthly Housing Fees, the Monthly Housing Fees will be deemed delinquent if not paid in full by the seventh (7th) day of the month the Monthly Housing Fees are due. Resident and the University agree that the late charge is presumed to be damages sustained because of Resident's late payment of Monthly Housing Fees, not a penalty, as it is impracticable or extremely difficult to fix the actual damages. In addition to the foregoing, should the Resident fail to pay Housing Fees or the late charge(s) when due, the University may, in its sole discretion, do any one or more of the following: 10.3.1 Place an administrative hold on future course registration. 10.3.2 Refer unpaid accounts to a credit collections agency 90 days after the termination of this Agreement. 10.3.3 Terminate this Agreement and Resident’s license to occupy a Residential Unit, in accordance with Section 43.4 below. 10.3.4 Refuse to renew or extend a Housing Agreement for continued occupancy. 10.3.5 Take any action permitted by law.
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Related to Late Payments and Additional Service Charges

  • Service Fees and Additional Charges Any applicable fees will be charged regardless of whether the Service was used during the billing cycle. There may be a charge for additional transactions and other optional services. You agree to pay such charges and authorize the Service to deduct the calculated amount from your designated Billing Account for these amounts and any additional charges that may be incurred by you. Any financial fees associated with your standard deposit accounts will continue to apply. You are responsible for any and all telephone access fees and/or Internet service fees that may be assessed by your telephone and/or Internet service provider.

  • Service Charges No service charge shall be made for any exchange or registration of transfer of Warrants.

  • Additional Fee on Late Payments For any payments thirty (30) calendar days or more overdue under this Agreement, Registry Operator shall pay an additional fee on late payments at the rate of 1.5% per month or, if less, the maximum rate permitted by applicable 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.

  • Interest Subsidy and Special Allowance Payments and Rebate Fees The Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on each Additional Loan or Substituted Loan accruing up to but not including the related Subsequent Cutoff Date and shall be responsible for the payment of any rebate fees applicable to such Purchased Loans subject to the related Xxxx of Sale accruing up to but not including the related Subsequent Cutoff Date. The Purchaser and the Eligible Lender Trustee on behalf of the Purchaser shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from the related Subsequent Cutoff Date with respect to the Additional Loans or Substituted Loans, and shall be responsible for the payment of any rebate fees applicable to the Additional Loans accruing from the date of the related Subsequent Cutoff Date.

  • Interest Fees and Charges 1Interest

  • 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 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.

  • Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges Borrower will pay each Periodic Payment when due. Borrower will also pay any prepayment charges and late charges due under the Note, and any other amounts due under this Security Instrument. Payments due under the Note and this Security Instrument must be made in U.S. currency. If any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer’s check, or cashier’s check, provided any such check is drawn upon an institution whose deposits are insured by a U.S. federal agency, instrumentality, or entity; or (d) Electronic Fund Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 16. Lender may accept or return any Partial Payments in its sole discretion pursuant to Section 2. Any offset or claim that Borrower may have now or in the future against Lender will not relieve Borrower from making the full amount of all payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument.

  • PAYMENT OF WAGES AND ALLOWANCES 26:01 Pay Days

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