Late Interest definition

Late Interest means the additional Interest charged by Equitable on both the principal and interest portion, including interest accrued on fees or other charges, of any late Regular Payment. Late Interest will be charged at the Interest Rate.

Late Interest means an amount of money that You must pay to Us in the event of failure to perform financial obligations arising from the Service Agreement or legislation by the due date. Other capitalised terms have the meaning given to them in the General Conditions.

Late Interest. This is an additional interest applied upon late repayment of more than the loan duration taken. The fees are going to be 1% of the principal amount for every 7 days until day 30 and 0.5% of the outstanding amount applied daily up to day 40.

Examples of Late Interest in a sentence

• In applying the Late Interest Rate, interest shall be compounded daily.

• Interest shall be payable on all amounts not paid on or before the payment due date, over the actual number of days elapsed from the payment due date to the date such amounts are paid, at the Late Interest Rate.

• When Equitable receives a Regular Payment, Equitable will first apply it to Late Interest, if any.

• In the event it is determined that the Service Receiver is entitled to a refund of amounts actually paid by the Service Receiver hereunder, the Service Provider or its Affiliate (as applicable) shall pay the Service Receiver such overpaid amount with interest at the Late Interest Rate.

• Any amount due from the Service Receiver under this Agreement that is not paid in full on or before the date such payment is due will incur a delayed payment charge on the unpaid amount from the original due date until the date paid at a per annum rate of interest equal to the Late Interest Rate.

More Definitions of Late Interest

Late Interest means the additional Interest charged by the Mortgagee on both the principal and interest portion, including interest accrued on fees or other charges, of any late Payment. Late Interest will be charged at the Interest Rate.

Late Interest the interest referred to in Clause 2.06 of the Contract and established in numeral 5 of Annex I of the Contract.

Late Interest. Interest calculated on any or all amounts, due from one Party to the other and not paid, at the Late Interest Rate as defined in Appendix I A; Any Security and/or, in the event no Securities are available, any sum of money, full title to which has passed to one Party in accordance with the provisions of Article 7 and Appendix I C; Any Repurchase Transaction other than those in respect of which the Parties have expressly excluded, in the relevant Confirmations, the application of the provisions of Article 7 and Appendix I C; Date of commencement of a particular Repurchase Transaction as specified in the relevant Confirmation; The amount paid by the buyer on the Purchase Date, after taking into account the Haircut, if any, in respect of a given Repurchase Transaction; The interest rate used for establishing the cost of maintaining any cash margin, as set out in Appendix I A;

Late Interest means, in respect of any amount properly invoiced by the Service Provider and not paid when due, interest accrued on that amount at a rate of the Law means any rules of common law, statute, regulation, by-law, ordinance or subordinate legislation in force from time to time and, in the case of the Service Provider, includes any applicable industry codes of conduct and any contract or other enforceable obligation of the Service Provider relating to the Deliverables and Services; Launch Date means the date on which an Acceptance Certificate is issued to the Service Provider; Licence has the meaning set out in clause 14.1.

Late Interest. The Purchaser agrees to pay Urban Fringe interest at a rate equal to the prime rate charged by Conexus Credit Union plus 4% per annum on any portion of the Purchase Price or other amounts owing hereunder which are not paid to Urban Fringe when such amount is due. Purchaser Address For Notice: Purchaser’s Solicitor:

Late Interest has the meaning given in Section 2.5.

Late Interest a late payment interest which the Borrower is required to pay the Bank in case of any delay in the performance of the payment obligations arising from the Agreement (except for Interest payment). The Late Interest rate is determined in the Agreement and/or the Price List.