Past Due Amount Sample Clauses

Past Due Amount. Any amount due hereunder shall, if remaining past due for thirty (30) days (sixty (60) days after Mentor's receipt of invoice), shall accrue interest hereon at the rate of 1-1/2 % per month for each month or portion thereof that the amount remains due. In the event that any invoice remains past due for more than ninety (90) days, SiTech may, at its option, require any further shipments of Materials to mentor to be sent C.O.D. until otherwise agreed by SiTech.
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Past Due Amount. Any amount due hereunder shall, if remaining past due for thirty (30) days (i.e., sixty (60) days after Mentor's receipt of invoice), accrue interest thereon at the rate of one and one-half percent (1-1/2 %) per month for each month or portion thereof that the amount remains unpaid. In the event that any invoice remains past due for more than ninety (90) days, Supplier may, at its option, require any further shipments of Materials to Mentor to be sent C.O.D until all past due payments have been made.
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Past Due Amount. 3 Person ....................................................... 3 Property ..................................................... 3
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Past Due Amount. Tenant agrees and acknowledges that as of the date of this Amendment, Tenant owes Landlord the sum of $609,557.69 in past due Rent (the "Pre-Amendment Past Due Rent"). After applying the Abated Rent against the Pre-Amendment Past Due Rent, as of the date of this Amendment, Tenant owes Landlord the sum of $268,357.85 in past due Rent (the "Past Due Rent"). Tenant agrees to repay the Past Due Rent on a straight-line basis throughout the Fifth Amendment Extended Term beginning on March 1, 2021. Tenant's monthly payments of Past Due Rent shall be in addition to Monthly Minimum Rent and all other amounts due and owing under the Lease in accordance with the updated rent schedule attached hereto as Exhibit A (the "Revised Rent Schedule"). Such Revised Rent Schedule shall reflect the (i) Past Due Rent, (ii) the amortized amount of the Past Due Rent that is due and payable and (iii) the total of such amounts.
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Past Due Amount. Any current charges or portion thereof for any municipal utility which remain unpaid past the due date of the bill on which such current charges first appear.
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Related to Past Due Amount

  • Past Due Amounts If Tenant fails to pay when due any amount required to be paid by Tenant under this Agreement, such unpaid amount shall bear interest at the rate of twelve percent (12%) per annum from the due date of such amount to the date of payment in full, with interest. In addition, City may also charge a sum of five percent (5%) of such unpaid amount as a service fee, which the parties agree is a reasonable estimate of and liquidated damages for City’s additional costs for billing and collection arising from Tenant's failure to make payment in a timely manner. All amounts due under this Agreement are and shall be deemed to be rent or additional rent, and shall be paid without abatement, deduction, offset, prior notice, or demand (unless expressly provided by the terms of this Agreement). City’s acceptance of any past due amount (or its associated interest or service fee) shall not constitute a waiver of any default under this Agreement.

  • Past Due At the Cutoff Date no Receivable was more than 30 days past due.

  • Interest on Past Due Amounts In addition to the late charge described in Article 14 below, if any installment of Annual Basic Rent or Additional Rent is not paid promptly when due, it shall bear interest at the Default Rate; provided, however, this provision shall not relieve Tenant from any default in the making of any payment at the time and in the manner required by this Lease; and provided, further, in no event shall the Default Rate exceed the maximum rate (if any) permitted by applicable law.

  • Overdue Amounts Until paid, all amounts due and payable by the Company hereunder shall be a debt secured by the Collateral and shall bear, whether before or after judgment, interest at the rate of interest for overdue principal set forth in the Transaction Documents.

  • Payment of default interest on overdue amounts The Borrower shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower under any Finance Document which the Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:

  • Interest Due Without limiting any other rights or remedies available to either Party, each Party shall pay the other interest on any payments that are not paid on or before the date such payments are due under this Agreement at a rate of [*] per annum or the maximum applicable legal rate, if less, calculated on the total number of days payment is delinquent.

  • Interest on Overdue Amounts 22.1 Any Licence Fee which is payable and remains unpaid for a period in excess of 30 (thirty) days from the date of the invoice, will attract interest at the current legal rate, calculated in accordance with the interest rate prescribed by the Minister of Justice in accordance with the Prescribed Rate of Interest Act 55 of 1975, as amended.

  • INTEREST ON PAST-DUE OBLIGATIONS Except as expressly herein provided, any amount due to Lessor not paid when due shall bear interest at the maximum rate then allowable by law from the date due. Payment of such interest shall not excuse or cure any default by Lessee under this Lease, provided, however, that interest shall not be payable on late charges incurred by Lessee nor on any amounts upon which late charges are paid by Lessee.

  • Overdue Payments Lessee shall pay interest on all overdue payments of Rent or other monetary amounts due hereunder at the rate of fifteen percent (15%) per annum or the highest rate allowed by law, whichever is less, accruing from the date such Rent or other monetary amounts were properly due and payable.

  • Default Interest; Other Amounts Prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction, a party that defaults in the performance of any payment obligation will, to the extent permitted by law and subject to Section 6(c), be required to pay interest (before as well as after judgment) on the overdue amount to the other party on demand in the same currency as such overdue amount, for the period from (and including) the original due date for payment to (but excluding) the date of actual payment, at the Default Rate. Such interest will be calculated on the basis of daily compounding and the actual number of days elapsed. If, prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction, a party defaults in the performance of any obligation required to be settled by delivery, it will compensate the other party on demand if and to the extent provided for in the relevant Confirmation or elsewhere in this Agreement.

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