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, for any reason, a Party does not pay an amount payable under or in connection with this Agreement on or before the due date for payment, it must pay interest to the other Party (who is entitled to receive the payment).

  • 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:

  • Late Payment Fee If your account is subject to a Late Payment Fee, the fee will be charged to your account when you do not make the required minimum payment by or within the number of days of the statement Payment Due Date set forth on the Disclosure accompanying this Agreement.

  • Late Payments If any undisputed amount in an invoice of the Transfer Agent (for fees or reimbursable expenses) is not paid when due, the Fund shall pay the Transfer Agent interest thereon (from the due date to the date of payment) at a per annum rate equal to one percent (1.0%) plus the Prime Rate (that is, the base rate on corporate loans posted by large domestic banks) published by The Wall Street Journal (or, in the event such rate is not so published, a reasonably equivalent published rate selected by the Fund) on the first day of publication during the month when such amount was due. Notwithstanding any other provision hereof, such interest rate shall be no greater than permitted under applicable provisions of Massachusetts law.

  • Interest on Arrears Any interest instalment unpaid on maturity shall yield interest, of right and without formal notice, at the same rate as applicable to the portion of the loan whose interest is unpaid on maturity, such interest being payable to the Lender on request.

  • Interest on Term Loan The Credit Agreement is hereby further amended by deleting ss.4.5.1. thereto in its entirety and substituting in lieu thereof the following new ss.4.5.1.:

  • Interest on Term Loans The outstanding principal amount of each Term Loan made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Term Loan is a Base Rate Loan, the Base Rate plus the Applicable Margin in effect from time to time, and (ii) during such periods as such Term Loan is a Eurodollar Loan, the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for the applicable Interest Period plus the Applicable Margin in effect from time to time.

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