Examples of Payment Notice in a sentence
Any amounts deferred shall bear interest at an interest rate equal to the prime rate as published by the Wall Street Journal on the date of the Deferral Payment Notice plus 0.5%.
On happening of each event mentioned in Clause 6.2 above, the Developer will give written notice (by registered with A/d post to the Purchaser, at the registered address of the Purchaser as supplied by the Purchaser) to the Purchaser (Payment Notice) quantifying the amount payable by the Purchaser.
Within 15 (fifteen) days of the receiving date of the Payment Notice, the Purchaser shall (unconditionally, without demur and without raising any dispute about service/ receipt of the Payment Notice), pay the amount quantified in the Payment Notice, failing which the Purchaser shall be deemed to be in default and the consequences mentioned in Clause 14.1 shall follow.
If such payment remains outstanding ten (10) days after the Non- Payment Notice, without prejudice to any of its other rights and remedies, Supplier may: (a) without liability to Customer, suspend all Services while the invoice(s) remain unpaid; and (b) charge Customer interest at the rate of one percent per month on any overdue sums from the due date until the date Supplier’s receives payment by Customer (inclusive).