Past Due Account Sample Clauses
The Past-Due Account clause defines the terms and consequences that apply when a party fails to pay an outstanding balance by the agreed-upon due date. Typically, this clause outlines when an account is considered overdue, the interest or late fees that may accrue, and any additional actions the creditor may take, such as suspending services or initiating collection efforts. Its core practical function is to incentivize timely payments and provide a clear framework for addressing late payments, thereby reducing financial risk and uncertainty for the party owed money.
Past Due Account. Pilot’s account must be paid current to maintain flying privileges with RAM. An account past due 90 days or more will result in collection action being taken. the pilot is responsible for attorney fees, court fees, and all costs arising from any collection action.
Past Due Account. Retailer agrees to reimburse the Lottery for all costs and fees, including attorneys’ fees, that the Lottery incurs in the collection of a past-due account. Retailer agrees to pay interest on any balances 30 days past due at the rate of 1% above the Pooled Money Investment Account daily rate on June 30th of the prior fiscal year, not to exceed a rate of 15%. Retailer may be required to remit a security deposit, in an amount to be determined by the Lottery, prior to future Lottery purchases. Retailers with past-due accounts are subject to immediate Contract suspension or termination.
Past Due Account. Pilot’s account must be paid current to maintain flying privileges with Bravo Flight Training CO. An account past due 90 days or more will result in collection action being taken. The Pilot is responsible for attorney fees, court fees, and all other costs arising from any collection action.
Past Due Account. Pilot’s account must be paid current to maintain flying privileges with AHA. An account past due 90 days or more will result in collections action being taken. The Pilot is responsible for attorney fees, court fees, and all other costs arising from any collections action.
Past Due Account. ▇▇▇▇▇▇’s account must be paid current to maintain flying privileges with FOOTHILL FLIGHT CENTER. An account past due 60 days or more may result in collection action being taken. The Renter is responsible for attorney fees, court fees and all other costs arising from collection action.