Payment Terms & Interest on Late Payments Sample Clauses

Payment Terms & Interest on Late Payments. All payments concerning deliveries by DEBIOTECH shall be made by IMED to a bank account designated by DEBIOTECH to IMED, by SWIFT transfer, as follows: (a) [CONFIDENTIAL TREATMENT REQUESTED] of the sum due (i) when ordering pursuant to Article 10.1(a) or (ii) three (3) months plus the remaining number of days of the Initial Firm Order Period after ordering pursuant to Article 10.2; and (b) the balance within [CONFIDENTIAL TREATMENT REQUESTED] days after delivery to the port contemplated in Article 10.3(b) hereof. Sums overdue by either Party under this Agreement will bear interest at three (3) points above Prime Rate or at such lower rate as shall then be the maximum rate permitted by law, calculated for the duration of the delay, on a daily basis, starting from the due date of payment. Each substantially complete delivery by DEBIOTECH to IMED shall constitute a separate sale obligating IMED to pay therefor, but IMED shall have a right to advance notice of substantially incomplete deliveries with an election to delay delivery to the next requested delivery date.
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Payment Terms & Interest on Late Payments. Fees are payable monthly and / or annually in advance for each period applicable. Interest, compounded monthly in arrear, at the prevailing overdraft rate of SEBATA’S bankers from time to time, shall be levied on accounts owing by the CUSTOMER for any period longer than 60 (Sixty) days. SEBATA reserves the right to suspend and / or terminate services under this Agreement in respect of non-payment and / or overdue account. The CUSTOMER may not set off any amount(s) owing by SEBATA and / or SEBATA’S duly authorised agent(s) from any amount(s) due by the CUSTOMER to SEBATA and / or SEBATA’S authorised agent(s). An appropriate discount may be applied in respect of fees paid annually in advance by the CUSTOMER. The discount to be applied shall be at the sole discretion of SEBATA.
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Payment Terms & Interest on Late Payments. Fees are payable monthly and / or annually in advance for each period applicable. Interest compounded monthly in arrear, at the prevailing overdraft rate of EWS (PTY) LTD’S bankers from time to time, shall be levied on accounts owing by the CUSTOMER for any period longer than 60 (Sixty) days. EWS (PTY) LTD reserves the right to suspend and / or terminate services under this Agreement in respect of non-payment and / or overdue account. The CUSTOMER may not set off any amount(s) owing by EWS (PTY) LTD and / or EWS (PTY) LTD’S duly authorised agent(s) from any amount(s) due by the CUSTOMER to EWS (PTY) LTD and / or EWS (PTY) LTD’S authorised agent(s). An appropriate discount may be applied in respect of fees paid annually in advance by the CUSTOMER. The discount to be applied shall be at the sole discretion of EWS (PTY) LTD.
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Related to Payment Terms & Interest on Late Payments

  • Interest on Late Payments a. State Agencies The payment of interest on certain payments due and owed by Agency may be made in accordance with Article 11-A of the State Finance Law (SFL §179-d et. Seq.) and Title 2 of the New York Code of Rules and Regulations, Part 18 (Implementation of Prompt Payment Legislation -2 NYCRR §18.1 et seq.).

  • Interest on late payment Subject to clause 9.7, the Trader or the Distributor (as the case may be) must pay any Tax Invoice issued under this clause 9. If any part of a Tax Invoice that is properly due in accordance with this Agreement is not paid by the due date, Default Interest may be charged on the outstanding amount for the period that the Tax Invoice remains unpaid.

  • Interest on Payments Any payment by the Receiver pursuant to Section 2.6(d) shall be made together with interest on the amount thereof that accrues with effect from five (5) Business Days after the date on which payment was agreed or determined to be due until such amount is paid. The annual interest rate shall be determined by the Receiver based on the coupon equivalent of the three (3)-month U.S. Treasury Xxxx Rate in effect as of the first Business Day of each Calendar Quarter during which such interest accrues as reported in the Federal Reserve Board Statistical Release for Selected Interest Rates H.15 opposite the caption “Treasury bills (secondary market), 3-Month” or, if not so reported for such day, for the next preceding Business Day for which such rate was so reported.

  • Interest on Overdue Payments (a) If the User fails to pay an invoice by the Due Date, the User must, if required by the Service Provider, pay the Service Provider interest on any amount outstanding. (b) Interest will be calculated from the Due Date to the actual date of payment (both inclusive) at an annual percentage rate equal to the aggregate of: (i) the corporate overdraft reference rate (monthly charging cycle) applied by the Commonwealth Bank of Australia (Bank) as at the Due Date (or if the Bank ceases to quote such a rate, then the rate which in the opinion of the Bank is equivalent to such rate in respect of similar overdraft accommodation) expressed as a percentage; plus (ii) 2 per cent per annum.

  • Late Payment Fees If you have not paid a bill by the pay-by date, we may require you to pay a late payment fee, which is part of our standing offer prices published on our website.

  • Interest Rate Payments Subject to Holder's right to charge the Default Rate (as hereinafter defined) pursuant to Section 4 hereof, this Note shall bear interest, and Maker shall make payments as follows: (a) Interest shall accrue on the unpaid principal balance of this Note at the Interest Rate (as defined in Exhibit A). For purposes of computing interest on the debt evidenced hereby, interest shall be calculated on the basis of a twelve (12) month calendar year applied to the actual number of months funds are outstanding. Payments (or prepayments) made on account hereof shall be applied first to the payment of late charges or other fees and costs owed to Holder (if any), next to the payment of accrued and unpaid interest, and then to principal, or, during the continuance of an Event of Default (as hereinafter defined), in such other order or proportion as Holder, in its sole discretion, may elect from time to time. (b) Interest and principal over the term of the Note shall be due and payable monthly in accordance with the Payment Schedule set forth in Exhibit F. Maker may at any time or from time to time make a voluntary prepayment, whether in whole or in part, of this Note, without premium or penalty. (c) The entire outstanding Obligations (as hereinafter defined) shall be due and payable in full on the Maturity Date (as defined in Exhibit A) or such earlier date resulting from acceleration by Holder of the Obligations due hereunder following an Event of Default (the “Maturity Date”).

  • Interest on Delinquent Payments Without waiving any other right or action available to Authority, in the event of default of Company's payment of Rents or other charges hereunder, and in the event Company is delinquent in paying to Authority any Rents or other charges for a period of five (5) days after the payment is due, Authority reserves the right to charge Company interest thereon from the date the Rents or other charges became due to the date of payment at one and one-half percent (1.5%) per month, to the maximum extent permitted by Applicable Law.

  • Late Payment Fee Students will be assessed a late payment fee if acceptable payment arrangements are not made by the due date indicated on the statement. Acceptable payment arrangements include payment in full, pending financial aid, approved third-party billing (i.e. veterans) and an active and current payment plan with the Bursar’s Office.

  • Additional Fee on Late Payments For any payments thirty (30) calendar days or more overdue under this Agreement, Registry Operator shall pay an additional fee on late payments at the rate of 1.5% per month or, if less, the maximum rate permitted by applicable law.

  • Late Payments Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two (2%) percent.

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