Late Payment Interest definition

Late Payment Interest means and refer to interest on a particular Late Payment at the Default Rate.
Late Payment Interest means interest imposed under section 38;

Examples of Late Payment Interest in a sentence

  • To avoid doubt, the Late Payment Interest Rate will be updated every 6 months as set out in Clause 9.2. Such interest shall accrue from the date on which payment of Loan or Loan instalment(s) falls due until the date on which full payment is made.

  • Without prejudice to any other rights and remedies which Singapore Online has against you, if any sums payable by you to Singapore Online under the provisions of these Terms shall become due and be unpaid, you shall pay to Singapore Online the Late Payment Interest, calculated on daily basis from the payment due date until such money is actually received by Singapore Online.


More Definitions of Late Payment Interest

Late Payment Interest means the Late Payment Interest stipulated in the Contract Form;
Late Payment Interest means an additional interest of 0.1% per day (in addition to the Applicable Interest that SmartFunding charges the Borrower) on the principal portion of the Debts owed but not paid on the Repayment Date;
Late Payment Interest means any payment due to the supplier under the Late Payment of Commercial Debts (Interest) Act 1998;
Late Payment Interest means the Late Payment Interest stipulated in the Contract Form; “Market Disruption Event” means any one or more of the following events:
Late Payment Interest means the additional interest of 0.1% per day (or any other amount as set forth in the Letter of Offer) in addition to the Applicable Interest that SmartFunding charges the Borrower on the outstanding principal of the Debts owed but not paid on the Repayment Date;
Late Payment Interest means late payment interest as contemplated in section 13A of the Pension Funds Act;
Late Payment Interest means the statutory interest in relation to a Qualifying Debt (defined below) in accordance with section 4 and section 6 of the Regulations (defined below).