Common use of Penalties for Late Payment Clause in Contracts

Penalties for Late Payment. Any late payments will trigger a fee of 5.00% per 30 days past receipt of invoice or part thereof on the amount still owed. Late payment fees will be added to the amount still owed and will constitute the new payment due.

Penalties for Late Payment. Any late payments will trigger a fee of 5.001.50% per 30 days past receipt of invoice or part thereof month on the amount still owed. Late payment fees will be added to the amount still owed and will constitute the new payment dueowing.

Penalties for Late Payment. ▪ Any late payments will trigger a fee of 5.00% $25 per 30 7 days past receipt of invoice or part thereof overdue on the amount still owed. Late payment fees will be added to the amount still owed and will constitute the new payment dueowing.