Payment Penalties. If the Customer does not comply with the rates, amounts, or payment dates provided in this Agreement, or otherwise agreed upon, a late payment charge will be charged as follows:
Payment Penalties. In the event that the Customer does not comply with the rates, amounts, or payment dates provided in this Agreement, a late payment penalty will be charged as follows: o Note: Delinquency penalties apply for late payment.
Payment Penalties. In the event that the Client does not comply with the rates, amounts, or payment dates provided in this Agreement, a late payment penalty will be charged to Client as follows: The Client will pay interest on any late payment at the annual interest rate of 24 percent.
Payment Penalties. A late payment penalty of 10% will be charged for invoices delinquent over 60 days.
Payment Penalties. In the event Parent does not comply with the rates, amounts, or dates of pay provided in this Agreement, a late payment penalty will be charged as follows:
Payment Penalties. If the installation is delayed due to the client’s failure to provide the necessary site preparation or access, or if other contractors’ work affects the installation schedule, the client may be subject to additional costs or penalties. These costs will be assessed based on: o The impact of the delay on the project schedule. o Any additional resources required to address the delay. o Uninformed events, such as sudden changes in the project scope or unforeseen interruptions caused by other parties or factors. Coordination with Other Contractors: If other contractors are working on site, the client must coordinate with them to ensure that our installation work is not impeded. We are not responsible for delays or additional costs resulting from conflicts or scheduling issues with other contractors. The client is advised to manage the overall project schedule to avoid overlaps, disruptions, or uninformed events that could impact the installation.
Payment Penalties. If payment of Administrative Fees is not received on the date such Administrative Fees are due, any amounts past due shall be subject to a late charge in the amount of the lesser of one and one-half percent (1.5%) interest per month or the maximum rate allowed by law. In the event that HPPI and/or Supplier discovers that certain sales of Products were not properly reported to HPPI in accordance with this Agreement, Supplier shall pay the Administrative Fees related to those sales within fifteen (15) days of discovering the error in reporting, together with a late charge in the amount of the lesser of one and one-half percent (1.5%) interest per month or the maximum rate allowed by law, calculated from the date the sales should have been reported to HPPI.
Payment Penalties. If payment of Administrative Fees is not received on the date such Administrative Fees are due, any amounts past due shall be subject to a late charge in the amount of the lesser of one and one-half percent (1.5%) interest per month or the maximum rate allowed by law. In the event that Novation and/or Distributor discovers that certain sales of Contract Products and/or Non-Contract Products were not properly reported to Novation in accordance with this Agreement, Distributor shall pay the Administrative Fees related to those sales within fifteen (15) days of discovering the error in reporting.
Payment Penalties. 1. In case that A can not have up to 150 Priority Seats by the end of December in 2006, or that A can not maintain the number of 150 Priority Seats until the end of December in 2007, A must pay penalties to B, which will be calculated as the number of missing Priority Seats times * yen.
2. In case that the Annualized insurance fee of new contract (will be referred as New Contract AP) in Year 2007(2007/1/1-2007/12/31) gets below * yen, A must pay penalties as below. A should also pay a bank commission. o New Contract AP no less than * under * (not including *): 5% of Financial support o New Contract AP no less than * under * (not including *): 10% of Financial support o New Contract under *: 50 % of Financial support [*] = CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. OMITTED TEXT IS INDICATED BY A "*".
3. A must pay the amount of Financial Support as penalty if cases below happen in Year 2007. A should also pay a bank commission. However, even if cases below happen, if B confirms, B shall December decide the amount of penalty up to the amount of Financial Support. o Receiving administrative sanctions such as termination or cancellation of registration, termination of business and business suspension by regulators. o The breach of insurance business law, the breach of privacy law, the breach Law on the sales of financial products and breach of any laws by A o The breach of Agent service agreement, the breach of agent commission code, the breach of Financial Support for Direct Marketing Agreement by A o Agent service agreement was cancelled or reasons occurred to be cancelled o Fraudulent act or act of disloyalty against B o Bounce a check, or A was Declared insolvent. o Seized assets, seized assets provisionally or A was gone through the auction process, tax foreclosure. o Filing bankruptcy proceedings, Filing recognition proceedings, filing for a court-mandated bailout, o Decision of Dissolving a company, sale of assets or sale of part of assets.
o A has difficulty to discharge this agreement because of disaster, labor dispute, and other reasons. o If there is possibility this agreement can not be continued due to change of Assets, trust, business
Payment Penalties. No late payment penalty will be charged if the Client does not comply with the rates, amounts or dates of pay provided in this Agreement.
