INTEREST ON LATE PAYMENTS definition
INTEREST ON LATE PAYMENTS. On invoices for fees or reimbursements for which payment is not received within thirty (30) days, you agree to pay us simple interest, computed monthly, at one and one-half percent (1 1/2 percent) over the prime rate of interest in effect at Chase Manhattan Bank, in New York City, on the undisputed amount outstanding at the end of such 30-day period, until such payment is received. In the event of a disputed charge, you shall notify us in writing of the disputed amount and reason for the dispute, and you agree to pay all undisputed amounts owed while the dispute is under negotiation.
INTEREST ON LATE PAYMENTS. Interest payable on any overdue amounts under this CONFIDENTIALITY: Confidential information (the "Confidential Information") refers to any data or information relating to the business of the Client which would reasonably be considered to be proprietary to the Client including, but not limited to, accounting records, business processes, and client records and that is not generally known in the industry of the Client and RETURN OF PROPERTY: Upon the expiration or termination of this Agreement, the
INTEREST ON LATE PAYMENTS. The College shall make every reasonable effort to remit payment as required by this Service Agreement within thirty (30) days of its receipt of an invoice from the Contractor, if services have been fully rendered. However, the College shall not be held responsible for any late fees or interest resulting from delays in its remitting payment to the Contractor. INSTRUCTION FOR PREPARATION This form will be used in contracting for professional services with any individual, private company, or governmental agency. The appropriate ▇▇▇▇, director, coordinator or other supervisor contracting for professional services will prepare this agreement in duplicate and forward both copies to the Office of Business and Finance. Items I thru IV will be completed prior to forwarding to the Office of Business and Finance. Item I, A must be completed fully, describing all services to be furnished, including any supplies and required reports. The rate of pay specified in item I, B includes all expenses of the contractor, including travel and subsistence. Official Course Number must be entered in Item I, D for Continuing Education Courses. Contractor’s federal identification number must be entered in the appropriate space in Section IV, A. All companies or business required to report employment taxes or give tax statements to employees are required to have a federal identification number. This is normally a (9) digit number starting with “56” and is listed as “56-XXXXXXX”. To obtain certificate of authority: write Secretary of State, Corporation Division, ▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Street, Raleigh, NC ▇▇▇▇▇-▇▇▇▇ or fax a form request to (▇▇▇) ▇▇▇-▇▇▇▇. Persons with INTERNET access may download the form from the Secretary of State’s website, ▇▇▇▇://▇▇▇.▇▇▇▇▇.▇▇.▇▇/secstate/. This questionnaire must be completed to determine if an individual is eligible to be an independent contractor and must be submitted to the Office of Business and Finance before any service is performed. All available information will be evaluated in the determination of status. You will be notified of the
Examples of INTEREST ON LATE PAYMENTS in a sentence
IF CLIENT FAIL TO MAKE TIMELY PAYMENTS OF ANY MONIES OWING TO MACKINAW ADMINISTRATORS, L.L.C. WHETHER FOR CLAIMS SETTLEMENTS, ALLOCATED LOSS ADJUSTMENT EXPENSE OR FEES FOR SERVICES RENDERED, WE WILL HAVE THE RIGHT TO CHARGE CLIENT INTEREST ON LATE PAYMENTS OF ONE (1%) PERCENT PER MONTH ON THE BALANCE.
FOR ANY PAYMENTS TEN DAYS OR MORE OVERDUE, REGISTRY OPERATOR SHALL PAY INTEREST ON LATE PAYMENTS AT THE RATE OF 1.5% PER MONTH OR, IF LESS, THE MAXIMUM RATE PERMITTED BY APPLICABLE LAW.
FOR ANY PAYMENTS TEN DAYS OR MORE OVERDUE, REGISTRY SHALL PAY INTEREST ON LATE PAYMENTS AT THE RATE OF 1.5% PER MONTH OR, IF LESS, THE MAXIMUM RATE PERMITTED BY APPLICABLE LAW.
CONTRACTUAL PENALTIES, INTEREST ON LATE PAYMENTS, DAMAGES In the event that the Contractor violates the obligation to remove the Error or Unavailability within the Time for removal stipulated in Art.
INTEREST ON LATE PAYMENTS: _________________% per annum above the Interest Rate.
More Definitions of INTEREST ON LATE PAYMENTS
INTEREST ON LATE PAYMENTS. If any amount payable on any of Borrowers Liabilities is not paid in full when due and provided an Event of Default has not occurred, Borrower with interest on such delinquent payment, from its due date until it is paid in full, at the same rate as then payable on the latest Advance made grower hereunder prior to such delinquency or at such rate as is otherwise agreed to by EAB in writing.