Late Penalties Sample Clauses

Late Penalties. In the case of an event of default, an additional penalty will accrue at an annual rate of 6% on the outstanding principal and interest amount due at that time.
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Late Penalties. If U.S. Licensee or Designated Countries Licensee fails to pay Licensor within 15 Business Days of the relevant due dates set forth in this Article IV any amount otherwise due and payable to Licensor under this Agreement, U.S. Licensee or Designated Countries Licensee, as applicable, agrees to pay interest, calculated from the date such payment is due until such amount is paid in full, at the prime rate set by the Bank of America plus 1% per annum, or the maximum amount allowable by law, whichever is lower. U.S. Licensee or Designated Countries Licensee, as applicable, agrees to pay all reasonable, documented and out-of-pocket legal fees and costs incurred by Licensor in connection with Licensor’s collection efforts in the event U.S. Licensee or Designated Countries Licensee fails to make any payment under this Article IV that are due and payable and Licensor must take steps to collect the payments owed.
Late PenaltiesThe Parties agree to the following: 9.1. If the First Party fails to conduct the work stated in this Agreement within the time limit specified, then the First Party shall pay a penalty to the amount of Fifty Bahraini Dinars for each delayed day, and in any case the penalty for delay shall not exceed 10% of the overall cost of the performance of this Agreement. 9.2. Either Party may refer to the concerned Courts if the damages incurred and the compensation thereof exceeds 10% of the total cost of the performance of this Agreement. 9.3. The Second Party/Owner shall be able to withhold any expenses he owes to the First Party in fulfillment of the payment of the penalty of delay.
Late Penalties. Each such payment of Rent shall be made promptly when due, without any demand, deduction or setoff whatsoever, at the place directed by Landlord. Any payment of Rent not made when due shall, at Landlord's sole option, bear interest at the rate of 18% per annum from the due date until paid. Additionally, any payment of Rent not paid within 10 days of when due shall be considered delinquent and subject to a late payment charge, for each occurrence of delinquency, of 5% of the amount overdue and payable. This late payment charge shall be in addition to the interest provided for above and shall be due and payable with the next succeeding Rent payment. The obligation to pay Rent shall survive termination of this Lease.
Late Penalties. The following penalties will be imposed on the Customer for failing to pay the Service Provider in a timely fashion. In the event Customer is unable to perform under the terms of the Agreement, Service Provider shall be entitled to the greater of three times the value of the Agreement in its entirety as liquidated damages. Service Provider may at Service Providers option accept additional shares of Customers Preferred or Common Stock to offset Compensation, such Shares shall be a $0.05 per Share, but will in no way expose Service Provider to any Capital Gains or Tax consequences. Customer will be responsible for any tax implications imposed on Service Provider as a result of Customers inability to perform.
Late Penalties. If U.S. Licensee or Designated Countries Licensee fails to pay Licensor within 15 Business Days of the relevant due dates set forth in this Article IV any amount otherwise due and payable to Licensor under this Agreement, U.S. Licensee or Designated Countries Licensee, as applicable, agrees to pay interest, calculated from the date such payment is due until such amount is paid in full, at the prime rate set by the Bank of America plus 1% per annum, or the maximum amount allowable by law, whichever is lower.
Late PenaltiesBefore signing a checkout sheet, I will confirm and note the condition of all equipment being checked out to me. Once I have signed a check-out sheet, I am solely responsible for the equipment specified.
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Late PenaltiesLate payments are assessed on the 16th of the month and face a 10% fee. • A disconnection notice will be sent to all customers with an outstanding late penalty on the first working day after the 16th; residents have until the 28th before service is terminated. If water service is terminated for non-payment, there will be a $120.00 reconnection fee after the bill is paid in full (past due/current amount due/penalties/reconnection fee). Water service will be unavailable until the entire payment is made.
Late Penalties. For each scheduled class that does not begin within thirty 30 minutes of the scheduled start time, Contractor will be charged a penalty of 25% of the cost of the session. If a scheduled class does not begin until 31 minutes or later than the scheduled start time the County may notify the Contractor the class is considered cancelled and cancellation penalties will be applied.
Late Penalties. In the event of a non-payment by the Client or a third-party payer on the due date of the invoices, the amounts remaining due will automatically be increased by a penalty calculated as follows: - application of the interest rate equivalent to 3 times the legal interest rate (in force on the day the services are invoiced), - the penalty is calculated on the value before tax of the amount remaining due and applied from the day following the settlement date shown on the invoice to its total payment, without any reminder or prior notice being required. The applicable rate is calculated on a pro rata basis. In addition to this penalty, any amount, including the advance (if any), not paid on its due date, will automatically give rise to the payment of a lump sum indemnity of € 40 due in respect of the recovery costs under the provisions of Article D441-5 of the French Commercial Code. Where the recovery costs incurred are greater than the amount of the lump sum indemnity, the Company may request additional compensation upon justification. The various expenses that may result from an unpaid amount must be paid by the Client. In case of non-payment of the invoices by the Client or a third-party payer and after formal notice by electronic mail or registered letter with acknowledgement of receipt which remained ineffective during a period of 15 calendar days, the Company has the right to suspend all or part of the client's current or future projects. It also has the right to suspend the performance of its obligations and to reduce or even cancel any discounts granted to the latter. If the non- payment continues, the provisions of Article 14 "Termination" hereof shall apply. In the event of default by a third-party payer, the Client is jointly and severally liable for payment of the amounts owed by the third-party payer concerned as well as interest on late payment defined above.
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