Overdue Accounts definition

Overdue Accounts. Accounts are considered delinquent after 30 days of non-payment. If an account reaches $150 of unpaid charges, routine visits will be discontinued until the entire account is paid. Delinquent accounts that go unpaid for more than 90 days will be turned over to a collection agency, with a surcharge of 30% added. Clients will be given 30 days’ notice before the account is turned over to a collection agency.

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Overdue Accounts has the meaning specified in ss.2.1.

Overdue Accounts means all of the credit card accounts of the Seller's Credit Card Business (other than Excluded Accounts) identified on Schedule 2.1 which is attached hereto or provided herewith and made a part hereof (which may in the Seller's sole discretion be in the form of a computer file or magnetic tape) consisting generally of any credit card account of Seller's Credit Card Business (other than commercial or business or accounts), including dormant accounts, inactive accounts, closed accounts, accounts which are classified as "substandard," "doubtful," "loss" or treated as "other loans especially mentioned" in the most recent report examination prepared by any Federal or State supervisory agency, accounts in nonaccrual status, accounts on which principal or interest payments are more than 30 days past due, accounts whose terms have been renegotiated or compromised due to the deteriorating financial condition of the Cardholder or accounts statused by Seller as bankrupt, deceased, fraud, lost or stolen or charged off (in accordance with the Seller's then-current written policies) and which contains sufficient information to identify each account and respective Cardholder such as name, address, social security number, account number, status codes, account balance and such other information as is mutually agreed upon by Purchaser and Seller.

Examples of Overdue Accounts in a sentence

The Customer will pay the Overdue Accounts and all other amounts due under the Accounts to Royal Bank.
Interest on Overdue Accounts If, for any reasons, the Proponent is unable to access the link for Terms and Conditions, as provided above, for NGC’s General Conditions, the Proponent can request that a copy be sent to him/her either electronically or by fax.
Interest on the Overpayment shall be due and payable upon any amount of the Overpayment not repaid after thirty (30) days of receipt of written notice in accordance with the Interest on Overdue Accounts Receivable Regulation issued under the Financial Administration Act (British Columbia).
The Customer will pay the Overdue Account(s) and all other amounts due under the Accounts to Royal Bank.
Borrower shall pay (or cause to be paid) in full and settle all overdue accounts payable, in each case, as set forth on, and on or prior to the dates applicable thereto on, the Overdue Accounts Payable Schedule.
Overdue Accounts: Overdue accounts may be turned over to a collection agency, an attorney, and/or small claims court.
Borrower shall have paid in full and settled all overdue accounts payable required to be paid in full and settled on the Restatement Date as set forth on the Overdue Accounts Payable Schedule.
Overdue Accounts: All 2016-2017 school year tuition must be paid by June 1, 2017.
Debts due to the Province will accrue interest in effect on the due date in accordance with the Interest on Overdue Accounts Receivable Regulation issued under the Financial Administration Act (British Columbia).
Borrower shall have paid in full and settled all overdue accounts payable required to be paid in full and settled on the Initial Closing Date as set forth on the Overdue Accounts Payable Schedule.

More Definitions of Overdue Accounts

Overdue Accounts means amounts which are overdue in respect to a Customer’s account including any unpaid security deposit.

Overdue Accounts. All 2019-2020 school year tuition must be paid by June 1, 2020. If not paid in full by then the school will not hold a class position for the student(s) for the following year. Accounts that become more than two months in arrears will be reviewed by the school board and could result in dismissal. We recognize that it is a financial sacrifice for parents to send their children to Covenant Christian School. It is incumbent upon the board to maintain the school’s financial integrity, especially since tuition does not cover the full cost of educating your child(ren). The policies noted above have been implemented in order to help us in this stewardship effort. Thank you for your understanding.

Overdue Accounts means accounts receivable which (i) remain unpaid for more than 120 days from the original date of invoice; (ii) are subject to a dispute or claim by the account debtor; (iii) are owed by an account debtor which is insolvent, is the subject of an insolvency proceeding or whose creditworthiness is not satisfactory to the Corporation.