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. agreed to be paid under this Agreement, at the rate of State Bank of India highest marginal cost of lending Rate plus 2 (two) percent or such other rate as may be applicable from time to time as per the Act and Rules made thereunder.
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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.
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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).
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Examples of DELAY PAYMENT CHARGES in a sentence

  • Provided that if the Allottee(s) delays in payment towards any amount which is payable as per this Agreement, he shall be liable to pay Delay Payment Charges.

  • Delay Payment Charges/ Default Interest Rate Additional Interest On Accrual Monthly 2% per month in addition to the applicable Interest Rate on overdue amount 4.

  • Further, acceptance of any payment without Delay Payment Charges shall not be deemed to be a waiver by the Promoter of its right of charging such Delay Payment Charges or of the other rights mentioned in this Agreement.

  • Delay Payment Charges/ Default Interest Rate Additiona l Interest On Accrual Monthly 2% per month in addition to the applicable Interest Rate on overdue amount 5.

  • The Allottee is aware that the taxes including GST shall be payable in addition to the Delay Payment Charges for delay in payment of any due amount under this Agreement.

  • The obligations of the Allottee(s) to pay the amount and the liability towards Delay Payment Charges as aforesaid may be reduced when mutually agreed to between the Promoter and the Allottee(s).

  • The Allottee(s) is aware that the taxes including GST shall be payable in addition to the Delay Payment Charges for delay in payment of any due amount under this Agreement.

  • Delay Payment Charges/ Default Interest Rate Additional Interest On Accrual Monthly Upto 4% per month in addition to the applicable Interest Rate on overdue amount 3.

  • Delay Payment Charges and Penal Charges as per SCHEDULE B will be applicable.

  • Notwithstanding anything contained in this Agreement, timely performance by the Allottee(s) of all its obligations under this Agreement, including without limitation, the obligations to make timely payments of all the dues (including the Total Price of the Unit) as well as other dues, deposits and amounts, including payment of any Delay Payment Charges, in accordance with this Agreement and the Act and the Rules shall also be the essence of this Agreement.


More Definitions of DELAY PAYMENT CHARGES

DELAY PAYMENT CHARGES means the charges to be paid by the Allottee to the Promoter on account of delay in the payment of any due amount as interest at the Interest Rate (Specified herein below).
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DELAY PAYMENT CHARGES means interest as may be prescribed under the Punjab State Real Estate (Regulation and Development) Rules-2017;
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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 Applicable Laws. “Xxxxxxx Money” shall be 10% of the Total Consideration to be paid by the Allottee as per the Schedule of Payments for the due fulfilment of the obligations of the Allottee for the Unit in the Project.
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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;
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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.
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Related to DELAY PAYMENT CHARGES

  • Late Payment Charge means the charge that is applied when either Party fails to remit payment for any charges by the Bill Due Date, or if payment for any portion of the charges is received after the Bill Due Date, or if payment for any portion of the charges is received in funds which are not immediately available or received by either Party as of the Bill Due Date, or if either Party does not submit the Remittance Information.

  • SLDC Charges means the charges levied by the SLDC of the state wherein the Solar Power Project is located;

  • Prepayment Charge With respect to any Mortgage Loan, the charges or premiums, if any, due in connection with a full or partial prepayment of such Mortgage Loan during a Prepayment Period in accordance with the terms thereof (other than any Servicer Prepayment Charge Payment Amount).

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Tax Fees means the aggregate fees billed in each of the last two fiscal years for professional services rendered by the Company’s external auditor for tax compliance, tax advice and tax planning.

  • Bank Charges means the charges levied by the Merchant Acquiring Bank for Transactions and Refunds. “Bank System” means the banking system operated by any approved bank, financial institution or other body.

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • Development Charges or “DC” shall mean the amount charged by the Company from the Applicant(s) towards carrying out the developmental works inside or around the Project, including but not limited to the payment of the following: