Late payment Musterklauseln

Late payment. Applicable fees must be paid within 21 days of receipt of invoice. For transfers, the date of credit to the Society account applies. If the applicable fees are not paid on time, a written payment reminder shall be sent. A late fee will be applicable as of the second payment reminder. The late fee is CNY 500 In case of late payment, the Board has the right to withhold the child's certificate until outstanding dues have been fully cleared.

Late payment. If the Issuer fails to redeem the respective outstanding nominal amount of a Note on the Final Maturity Date in accordance with § 3.1 sentence 1 (as defined in § 3.1), the respective outstanding nominal amount of each Note will bear interest at the statutory default interest rate pursuant to Section 288 para. 1 sentence 2 of the German Civil Code (Bürgerliches Gesetzbuch – “BGB") (or any corresponding successory provision).

Late payment. If the Issuer fails to re- deem the respective outstanding nom- inal amount of a Note on the Final Ma- turity Date in accordance with § 3.1 sentence 1 (as defined in § 3.1), the respective outstanding nominal amount of each Note will bear interest at the statutory default interest rate pursuant to Section 288 para. 1 sen- tence 2 of the German Civil Code (Bürgerliches Gesetzbuch – “BGB") (or any corresponding successory pro- vision).

Late payment. If the Issuer for any reason fails to redeem the Notes as and when due, the PIK Amount shall be calculated with respect to the date of the actual redemption of the Notes instead of the Relevant Redemption Date, provided that a rate of 8.250% instead of 6.250% shall apply from (and including) the Relevant Redemption Date to (but excluding) the date of the actual redemption.

Late payment. 4.1. In the event that it transpires after a contract has been concluded that the customer's financial situation is so bad that the customer will probably not be in a position to meet material contractual obligations, or in the event that the customer is more than 4 weeks in arrears with a payment or in the event that the customer permits a bill of exchange or chèque which has been accepted by CASCO to be protested, CASCO may, without prejudice to its other rights 4.1.1. demand that any and all outstanding invoices become immediately payable; 4.1.2. withhold any and all supplies or services under any contracts which have not yet been performed and cancel any contracts in the event that the customer is not willing to perform its obligations concurrently, despite being requested to do so, or is not willing to provide security; 4.1.3. assert any and all of its rights under the reservation of title (Clause 10). 4.2. CASCO is entitled to demand interest on arrears at a rate of 8% above the base interest rate applicable at any given time as damages due to delay in performance. This shall be without prejudice to any other rights of CASCO to claim damages.

Late payment. If the Issuer fails to redeem the respective outstanding nominal amount of a Note on the Final Maturity Date in ac- cordance with § 3.1 sentence 1 (as defined in