Late Payment Penalty definition

Late Payment Penalty means the penalty fee imposed on a defaulting debtor

Late Payment Penalty means an amount equal to the product of Four Percent (4%) and the amount of any overdue and unpaid amount under this Lease.

Late Payment Penalty is defined in Section 2.2.

Examples of Late Payment Penalty in a sentence

• Payment made in accordance with this Section shall be made through the Authority Portal as a lump sum equal to the total amount of the Shortfall together with the appliable Late Payment Penalty and any interest accrued thereon at the Overdue Interest Rate.

• Any Shortfall shall be subject to the applicable Late Payment Penalty for each and every CBD Trip that is the subject of the Shortfall, and the amount of the Shortfall together with the applicable Late Payment Penalty shall bear interest at the Overdue Interest Rate from the date originally due in accordance with this Article II until the date paid in full.

• Notwithstanding anything to the contrary herein, no Late Payment Penalty or Overdue Interest shall be collected by the Authority during the Implementation Period.

• Any sum other than the required payable CBD FHV Toll Charge, any Late Payment Penalty, and applicable interest hereunder shall, unless otherwise stated herein, be due on demand.

• The Company shall be liable to the Authority for the payment of interest at the Overdue Interest Rate then in effect, in addition to the amount owed, if the Company fails to timely pay to the Authority any amount owed in accordance with this Agreement, including, without limitation, on any CBD FHV Toll Charge, Shortfall, Late Payment Penalty, and any other demands for payment under this Agreement.

More Definitions of Late Payment Penalty

Late Payment Penalty means the penalty fee imposed on a defaulting debtor appearing on the debt collection action list, and is due and payable irrespective of whether the services have been suspended or not;

Late Payment Penalty. A late payment penalty shall be added to any rent not received by Landlord within ten (10) days of the due date. Such penalty shall be five percent (5%) of the monthly rent or additional rent due.

Late Payment Penalty means an administrative penalty imposed in respect of the failure of a licensee to pay any amount payable under this Act or regulations made under this Act on or before the date on which the amount is due for payment.

Late Payment Penalty means late payment penalty imposed under section 63;

Late Payment Penalty. If any Royalty is not paid within twenty (20) days of the date when due, Purchaser agrees to pay and will be obligated to pay as additional Percentage Compensation for that month an amount equal to five percent (5%) of the amount otherwise payable.

Late Payment Penalty means an administrative penalty imposed by the Commission under regulation 5A.”;

Late Payment Penalty means the penalty payable under section 44 of the Tax Administration Decree;