Delinquent Date definition
Examples of Delinquent Date in a sentence
If the payment is later than the Delinquent Date, a 2% penalty will be added, and interest of 1.5% monthly shall occur on the entire amount due.
A ▇▇▇▇ is delinquent if not paid within 30 days after the closing date shown on the invoice ("Delinquent Date").
The penalty and interest may be waived by Town if the failure to pay by the Delinquent Date was the result of a casualty that renders Grantee unable to compute the liability from business records; provided, however, Grantee in such event must file an estimated payment by the Delinquent Date to avoid penalty and interest charges.
All notices given hereunder, by mail, or other means of delivery shall be sent addressed to any party to whom notice is being given at the address as each of the parties hereto may notify the other, from time to time, as herein provided: (eighteen percent) per annum, or the maximum permitted under state law, if different, calculated on a daily basis, will be charged on the outstanding balance for all days in which the payment date is beyond the Delinquent Date.
In the event that payment is not made by the Delinquent Date, ILD may withhold commission and Customer Surcharge payments (as set forth in this Agreement) sufficient to cover the delinquent amounts.