Late Payments and Service Charges Sample Clauses

Late Payments and Service Charges. The Monthly Rent will be delinquent if not received in full by Housing Services on or before 5:00 p.m. on the seventh (7th) day of the month in which it is due. If the seventh day of the month is on a weekend or University holiday, the rent will be delinquent if not paid by 5:00 p.m. on the following business day. Tenant agrees to pay a late charge of $40.00 for each month or portion thereof that the Monthly Rent is delinquent, in addition to any other service charges permitted by this Agreement or by law. This late charge does not establish a grace period or waiver; the University may make written demand for payment if Monthly Rent is not paid on its 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 rent service charges, key-and-lock service charges, returned-check service chargess, custodial or property damage assessments, parking and garage rents, and extra storage space rents, will be applied first to that balance due and then to the rent. If the payment is not sufficient to cover both the assessments/service charge(s) and the Monthly Rent, the Monthly Rent will be deemed delinquent if not paid in full by the seventh (7th) day of the month the Monthly Rent is due. Tenant and the University agree that the late charge is presumed to be damages sustained because of Tenant's late payment of Monthly Rent, not a penalty, as it is impracticable or extremely difficult to fix the actual damages. In addition to the foregoing, should the Tenant fail to pay rent 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 administrative hold on future course registration. 10.3.2 Notify Tenant's academic department or employer. 10.3.3 Refer unpaid accounts to a credit collections agency 90 days after the termination of this Agreement. 10.3.4 Terminate this Agreement and Rental Property occupancy. 10.3.5 Serve a three-day notice to quit as permitted by law. 10.3.6 Refuse to renew or extend a Housing Agreement for continued occupancy. 10.3.7 Take any action permitted by law.
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Related to Late Payments and Service Charges

  • 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.

  • 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 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.

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

  • 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 Fees and Charges 1Interest

  • 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 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.

  • Overtime Payments Full-time and Part-time Employees

  • 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.

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