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;

Late Payment Interest means the statutory interest in relation to a Qualifying Debt in accordance with the Regulations.

Examples of Late Payment Interest in a sentence

• Any payment of Interest or Late Payment Interest will be made only in accordance with Conditions 7, 11 and 25, and will be subject to the relevant Payment Event having occurred and the Issuer having actually received the corresponding payment under the Series Specific Loans.

• Any Loan Receivable subject to the Buyback Obligation or Repurchase will be repurchased by the Lending Company at a price equal to the outstanding principal amount of the Loan Receivable together with any accrued but unpaid Interest and any Late Payment Interest up to (but excluding) the repurchase date.

• Any Loan Receivable subject to the Buyback Obligation or Repurchase (i) will be repurchased by the Lending Company at a price equal to the outstanding principal amount of the Loan Receivable together with any accrued but unpaid Interest and any Late Payment Interest up to (but excluding) the repurchase date, or (ii) the respective Loan will be repaid to the SPV in full together with any accrued but unpaid Interest and any Late Payment Interest up to (but excluding) the full repayment date.

• Upon receipt of the Notice of Shortfall, the DTHO shall immediately, and in any event no later than 2 (two) calendar days from the date of receiving such Notice of Shortfall pay the Shortfall Amount together with interest at the Late Payment Interest Rate for the period from the date when the payments should have been made by the DTHO until the actual date of payment in the manner set out in Clause 14 of the Agreement.

• Upon receipt of the Notice of Shortfall, the IPTVO shall immediately, and in any event no later than 2 (two) calendar days from the date of receiving such Notice of Shortfall pay the Shortfall Amount together with interest at the Late Payment Interest Rate for the period from the date when the payments should have been made by the IPTVO until the actual date of payment in the manner set out in Clause 14 of the Agreement.

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 is the interest payable by you on the overdue sum at the rate specified in the Local Addendum.