Late Interest definition

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 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. 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

• 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.

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

• Nothing in the foregoing shall limit the Borrower’s obligation to make repayment of Investment Amounts, Applicable Interest or Late Interest Payment (if applicable), that are outstanding but unpaid at the date of termination.

• Nothing in the foregoing shall limit the Investor’s right to repayment of Investment Amounts, Applicable Interest, or Late Interest Payment (if applicable), that are outstanding but unpaid at the date of termination, or the return of any of its Funds.

• CCC Late Interest will be paid on the guaranteed amount, as determined by paragraphs (b)(1) and (2) of this section, and will be calculated at a rate equal to the average investment rate of the most recent Treasury 91-day bill auction as announced by the Department of Treasury as of the due date.

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 Regular Payment. Late Interest will be charged at the Interest Rate.

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 90 day commercial bill rate as published on the Reuters monitor service and applying at 10.30am on the relevant day, plus 2% per annum for the period from (but excluding) the due date to (and including) the date on which the amount is paid, with such interest accruing daily and compounding annually; 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. Base Interest plus half a percent per month.

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.

Late Interest means, in relation to interest rates charged to M-Pesa Agents/Agency by use of the facility for late payment.

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; "Margin" 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; "Margin Transaction" 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; "Purchase Date" Date of commencement of a particular Repurchase Transaction as specified in the relevant Confirmation; "Purchase Price" 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; “Reference Rate” The interest rate used for establishing the cost of maintaining any cash margin, as set out in Appendix I A;

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