Late Payment Interests definition

Late Payment Interests means the interest applicable under section 9.1.
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Late Payment Interests means the interest applicable under section 8.1 which shall be equal to fifty per cent (50%) of the Compensatory Interest rate.
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Examples of Late Payment Interests in a sentence

  • Reference rate Amounts in FRF: Amounts in other currencies: MISCELLANEOUS Calculation Agent for [Party A] [Party A]/ Calculation Agent for [Party†B] [Party†B]/ Option to substitute Collateral Securities (not available, unless otherwise specified) Late Payment Interests For French Francs, TMP during the relevant period, plus 1% per annum; For other currencies, the average of the daily rates to which the recipient of the payment has access during the relevant period, plus 1% per annum.

  • Late- Payment Interests on the overdue amount shall accrue from the due date (inclusive) up to the actual payment date (exclusive).