Common use of Payment to Company Clause in Contracts

Payment to Company. Company shall xxxx the Pool Operator monthly for all charges or penalties specified in the Company's Pooling Service Rate Schedule. Company or an authorized agent must receive Payment of the total amount due by the date shown, or an additional amount equal to one percent (1%) of the total unpaid balance shall also become due and payable. For each subsequent month, or portion thereof, of non-payment, an additional charge of one percent of the total unpaid balance shall be assessed.

Appears in 2 contracts

Samples: Pooling Agreement, Pooling Agreement

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Payment to Company. Company shall xxxx the Pool Operator monthly for all charges or penalties specified in the Company's Pooling Service Rate Schedule. Company or an authorized agent must receive Payment payment of the total amount due by the date shown, or an additional amount equal to one percent (1%) of the total unpaid balance shall also become due and payable. For each subsequent month, or portion thereof, of non-payment, an additional charge of one percent of the total unpaid balance shall be assessed.

Appears in 1 contract

Samples: Pooling Agreement

Payment to Company. Company shall xxxx bill the Pool Operator monthly for all charges or penalties specified in the Company's Pooling Service Rate Schedule. Company or an authorized agent must receive Payment payment of the total amount due by the date shown, or an additional amount equal to one percent (1%) of the total unpaid balance shall also become due and payable. For each subsequent month, or portion thereof, of non-payment, an additional charge of one percent of the total unpaid balance shall be assessed.

Appears in 1 contract

Samples: Pooling Agreement

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Payment to Company. Company shall xxxx the Pool Operator monthly for all charges or penalties specified in the Company's Pooling Service Rate Schedule. Company or an authorized agent must receive Payment of the total amount due by the date shown, or an additional amount equal to one percent (11.5%) of the total unpaid balance shall also become due and payable. For each subsequent month, or portion thereof, of non-payment, an additional charge of one percent of the total unpaid balance shall be assessed.

Appears in 1 contract

Samples: Pooling Agreement

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