Examples of Late Payment Premium in a sentence
The Bank’s failure to collect a Late Payment Premium at any time shall not constitute a waiver of the Bank’s right thereafter, at any time and from time to time (including without limitation, upon acceleration of the Note or upon payment in full of the Loan), to collect such previously uncollected Late Payment Premiums or to collect subsequently accruing Late Payment Premiums.
The acceptance by the Bank of a late payment or the Late Payment Premium shall not constitute a waiver of any Default or Event of Default then existing or arising thereafter pursuant to any Loan Document.
In any event, their characterization does not bind the Court or undercut the conclusion that the Default Rate of interest was designed to compensate the Original Lenders for the increased risk of non-payment and the costs associated with the Debtor’s default.C. Late Payment Premium Although interest at the Default Rate is allowable, the Late Payment Premium is not.
The Late Payment Premium will be subject to interest until payment is made.
S.7In addition to paying interest to abrdn Life as provided under the Policy, the Policyholder shall indemnify abrdn Life against all reasonable legal and other costs incurred by abrdn Life in connection with the recovery of any Shortfall, Late Payment Premium or Supplementary Premium which is not paid within 90 days of it becoming due or the recovery of any amount under Clause Q.6.S.8abrdn Life shall inform the Policyholder of any claim or costs in respect of which an indemnity is sought.
C.9 ASI Life may at any time cancel any units allocated to the Policy to meet the amount of any outstanding interest on a Shortfall or Late Payment Premium.
C.7 A Late Payment Premium, where payable, will be interest on the amount of the outstanding premium from and including the Settlement Date to and excluding the date the outstanding premium is actually paid.
Any balance will become payable immediately and shall be subject to interest until payment is made.C.7A Late Payment Premium, where payable, will be interest on the amount of the outstanding premiumfrom and including the Settlement Date to and excluding the date the outstanding premium is actually paid.The Late Payment Premium will be subject to interest until payment is made.
The Schedule does not include additional fees that may become due and payable upon a Default or an Event of Default.2 The Late Payment Premium is a separate from and in addition to the payment of any default rate of interest due under the subject credit facility.
C.8 ASI Life will advise if, and the extent of, any Shortfall or Late Payment Premium.