Delay Payment Charges definition

Delay Payment Charges means the charges payable by the Allottee(s) to the Promoter for delay in payment of any due amount, installment, charges etc. at the rate of State Bank of India highest marginal cost of lending Rate plus two percent or such other rate as may be applicable from time to time as per the Act and Rules.

Delay Payment Charges means interest at the rate equivalent to State Bank of India’s highest marginal cost of lending rate plus 2% (two percent) or such other rate prescribed under the applicable law.

Delay Payment Charges means the charges to be paid on account of delay in the payment as interest on the amount due at the Interest Rate (Specified herein below).

Examples of Delay Payment Charges in a sentence

• The Applicant (successful allottee) agrees that if the Applicant (successful allottee) is in default of any of the payments as afore-stated, then the Company shall have the right to withhold registration of the conveyance deed in the Applicant’s (successful allottee) favor till full and final settlement of all dues to the Company including the Delay Payment Charges is made by the Applicant (successful allottee).

• Audited financial statements, showing, among others, the prospective total and current assets and liabilities, stamped "received" by the BIR or its duly accredited and authorized institutions, for the preceding calendar year which should not be earlier than two (2) years from the date of bid submission.

• Opt for payment of compensation from the Company calculated at the same rate as the Delay Payment Charges over the amounts paid by the Applicant (successful allottee) calculated from the stipulated period till the actual date of offer of possession by the Company.

• The Parties hereby agree that in the event of reduction in the area, the Company shall refund the excess amounts paid by the Applicant (successful allottee) within 90 (Ninety) days along with Delay Payment Charges, from the date when such excess amount was paid by the Applicant (successful allottee).

• It is agreed that Delay Payment Charges are applicable on Goods and Services Tax.

• RESPONSE: Parking space runs do not exceed ten spaces in any location without being interrupted by a planted island.

• Opt for payment of compensation from the Promoter calculated at the same rate as the Delay Payment Charges over the amount received by the Promoter till date ("Penalty for Delayed Completion").

• So as to be compensated in such an eventuality, we may levy Delay Payment Charges on the amounts, not exceeding the debit balance in the ledger, for the period of delay at a rate upto 24% per annum calculated on daily basis for the period of delay.We do not pay interest on the clients' funds received towards margin.

• Credit of Rs 2,37,819.26 was given towards penalty for exceeding contract demand by considering commercial tariff from March 2013 for meter number P011579 and credit of Rs 2,39,787/- was towards refund of Delay Payment Charges and Interest on arrears.

• So as to be compensated, the Stock Broker may levy Delay Payment Charges on the amounts, not exceeding the debit balance in the ledger, for the period of delay.

More Definitions of Delay Payment Charges

Delay Payment Charges means interest equivalent to State Bank of India’s highest marginal cost of lending rate plus 2% or any other rate of interest as may be prescribed under the Haryana Real Estate (Regulation and Development) Rules- 2017;

Delay Payment Charges means interest as may be prescribed under the Punjab State Real Estate (Regulation and Development) Rules-2017;

Delay Payment Charges means the interest payable by the Allottee(s) to the Promoter for delay in payment of any due amount, installment, charges etc. computed on Interest Rate.