Common use of Payment Period Charges Clause in Contracts

Payment Period Charges. 5.3.1 The fee for the Customer payment period is due on or before the first day of the current payment period. If payment is not received by the 10th of the month in which payment for the payment period is due then the amount due for that month shall be the month-to-month price for the Service. If payment is not received by the 5th of the month in which payment for the payment period is due, GTC reserves the right to immediately suspend Service, provided that if the 5th of the month is a Friday, Saturday or Sunday, then suspension will take effect on the next business day. The total amount due and a reconnection fee of $100 must be paid before Service is restored. 5.3.2 Customer agrees that (a) time is of the essence; (b) if payment is not made when due, Customer shall pay GTC a late fee of $4 if a Residential customer, $9 if a Business customer, and shall also pay interest on the unpaid balance at the rate of one and a half percent (1.5%) per month, or the maximum rate allowable by law, whichever is less. If GTC accepts late or partial payments or payments marked “Paid in Full” or similar notations, it will not waive any of GTC’s rights hereunder nor will it constitute an accord and satisfaction. GTC may charge you a returned check fee for any check returned for insufficient funds. Questions about or objections to any charges must be in writing by the Primary Customer Account Holder and must be received by GTC no later than the payment due date or any objection shall be waived.

Payment Period Charges. 5.3.1 The fee for the Customer payment period is due on or before the first day of the current payment period. If payment is not received by the 10th of the month in which payment for the payment period is due then the amount due for that month shall be the month-to-month price for the Service. If payment is not received by the 5th of the month in which payment for the payment period is due, GTC reserves the right to immediately suspend Service, provided that if the 5th of the month is a Friday, Saturday or Sunday, then suspension will take effect on the next business day. The total amount due and a reconnection fee of $100 must be paid before Service is restored. 5.3.2 Customer agrees that (a) time is of the essence; (b) if payment is not made when due, Customer shall pay GTC a late fee of $4 if a Residential customer, $9 if a Business customer, and shall also pay interest on the unpaid balance at the rate of one and a half percent (1.5%) per month, or the maximum rate allowable by law, whichever is less. If GTC accepts late or partial payments or payments marked “Paid in Paidin Full” or similar notations, it will not waive any of GTC’s rights hereunder nor will it constitute an accord and satisfaction. GTC may charge you a returned check fee for any check returned for insufficient funds. Questions about or objections to any charges must be in writing by the Primary Customer Account Holder and must be received by GTC no later than the payment due date or any objection shall be waived.