Penalty Interest. If the Buyer fails to pay the purchase price within the period agreed, the Seller shall levy a 16% penalty interest starting from the invoice due date. The penalty interest shall be charged in a reminder invoice and a reminder fee.
Appears in 4 contracts
Samples: Electrical Supply Agreement, Electrical Supply Agreement, Electrical Supply Agreement
Penalty Interest. If the Buyer fails to pay the purchase price within the period agreed, the Seller shall levy a 16% penalty interest starting from the invoice due date. The penalty pen- alty interest shall be charged in a reminder invoice and a reminder fee.
Appears in 1 contract
Samples: Electrical Supply Agreement
