Late Payments; Proration Sample Clauses

Late Payments; Proration. 3.6.1. Any payments not made when due shall accrue interest at the rate of one and one-half (1.5%) percent per month on the unpaid balance or the highest lawful rate, whichever is less, calculated and applied commencing on the first Day of the next month after the payment was due. 3.6.2. In the event of an early termination of this Agreement, for a reason other than a breach of the Agreement by Licensee, Licensee shall be liable for only that prorated portion of the License Fees that is due from the anniversary of the Acceptance Date until the date of such termination. Any excess fees previously paid to the County shall be promptly refunded to Licensee upon termination of this Agreement.
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Late Payments; Proration. Any payments not made when due shall accrue interest at the rate of one and one-half (1.5%) percent per month on the unpaid balance or the highest lawful rate, whichever is less, calculated and applied commencing on the first Day of the next month after the payment was due.
Sample 1
Late Payments; Proration. 3.6.1. Any payments not made when due shall accrue interest at the rate of one and one-half (1.5%) percent per month on the unpaid balance or the highest lawful rate, whichever is less, calculated and applied commencing on the first Day of the next month after the payment was due. 3.6.2. For the last year of the Agreement term, Licensee shall pay for only that prorated portion of the License Fees due for the year until the expiration date of the Agreement term. In the event of an early termination of this Agreement, for a reason other than a breach of the Agreement, by Licensee, Licensee shall be liable for only that prorated portion of the License Fees that is due from the anniversary of the Acceptance Date for the year until the date of such termination. Any excess fees previously paid to the County shall be promptly refunded to Licensee upon termination of this Agreement.
Sample 1
Late Payments; Proration. 3.6.1. Any payments not made when due shall accrue interest at the rate of one and one-half (1.5%) percent per month on the unpaid balance or the highest lawful rate, whichever is less, calculated and applied commencing on the first Day of the next month after the payment was due. DocuSign Envelope ID: BEC22014-FB44-42A2-A4F0-A3D7312123F2 DocuSign Envelope ID: BACFA1E8-9B50-4E40-B928-AE77686FB55C 3.6.2. In the event of an early termination of this Agreement, for a reason other than a breach of the Agreement by Licensee, Licensee shall be liable for only that prorated portion of the License Fees that is due from the anniversary of the Acceptance Date until the date of such termination. Any excess fees previously paid to the County shall be promptly refunded to Licensee upon termination of this Agreement.
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Related to Late Payments; Proration

  • 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 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.

  • 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 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 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.

  • 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.).

  • 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 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.

  • 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.

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