Common use of Penalty for Delayed Payment Clause in Contracts

Penalty for Delayed Payment. If payment of annual lease rent or any other supplementary bill in respect of tax etc is delayed beyond their due date, Lessee shall pay Delay interest and Penal Interest at the rate mentioned in SCHEDUEL B of ISA . -

Appears in 3 contracts

Samples: Land Lease Agreement, Land Lease Agreement, Land Lease Agreement

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Penalty for Delayed Payment. If payment of annual lease rent or any other supplementary bill in respect of tax etc taxes, etc. is delayed beyond their due date, Lessee shall pay Delay interest and Penal Interest at the rate mentioned in SCHEDUEL B of ISA . -ISA.

Appears in 2 contracts

Samples: Land Lease Agreement, Land Lease Agreement

Penalty for Delayed Payment. If payment of annual lease rent or any other supplementary bill in respect of tax etc is delayed beyond their due date, Lessee shall pay Delay interest and Penal Interest at the rate mentioned in SCHEDUEL B of ISA . -.-

Appears in 1 contract

Samples: Land Lease Agreement

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Penalty for Delayed Payment. If payment of annual lease rent or any other supplementary bill in respect of tax etc taxes,etc. is delayed beyond their due date, Lessee shall pay Delay interest and Penal Interest at the rate mentioned in SCHEDUEL B of ISA . -ISA.

Appears in 1 contract

Samples: Land Lease Agreement

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