Penalties and Interest definition

Penalties and Interest means any (i) penalties on delinquent contractual assessments levied on a Participating Parcel(s) pursuant to an Assessment Contract and (ii) interest on delinquent contractual assessments levied on a Participating Parcel(s) pursuant to an Assessment Contract.
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Penalties and Interest means amount applied by the Municipality to unpaid Property Tax accounts, in accordance with section 345 of the Municipal Act and applicable Municipality by-laws.
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Penalties and Interest means amounts applied by the Town to unpaid Property Tax accounts, in accordance with section 345 of the Act and applicable Town by-laws.
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Examples of Penalties and Interest in a sentence

  • A certificate of Payment of Contributions Penalties and Interest on Public Works Contract is received from the Washington State Employment Security Department.

  • Non-payment of Penalties and Interest on Overdue Bills Public funds may be used to pay only for goods delivered or services rendered.

  • The MBPT has proposed another note to the effect that the rates are exclusive of all Taxes (GST, Municipal Taxes, etc.), Service Charges, Penalties, and Interest etc.

  • For information on applicable penalties and interest, see Penalties and Interest.

  • For more information about penalties and interest, see Publication 103, Penalties and Interest for Illinois Taxes.

  • If you prefer to figure these amounts, see Publication 103, Uniform Penalties and Interest.

  • For more information, see Publication 103, Penalties and Interest for Illinois Taxes.

  • Property assessments for the last ten fiscal years, along with the total revenue receipts for public service corporations are provided as follows: Penalties and Interest Personal property and first half fiscal year real estate taxes are due December 1st each year.

  • Non-payment of Penalties and Interest on Overdue BillsPublic funds may be used to pay only for goods delivered or services rendered.

  • This is a new Section 10 – Penalties and Interest Provisions incorporating content from Sections 8, 10, and 11 in prior Doc.


More Definitions of Penalties and Interest

Penalties and Interest means amounts applied by the Township to unpaid property taxes, in accordance with section 345 of the Act and applicable Township by-laws.
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Penalties and Interest means amounts applied by the Municipality to unpaid Water/sewer accounts, in accordance with current Fees and Charges Bylaw.
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Related to Penalties and Interest

  • Penalties means the amounts to be deducted from payments

  • Late Fees shall have the meaning set forth in Section 2(d).

  • Default Interest means interest chargeable in terms of this Agreement to unpaid amounts or outstanding obligations which interest shall be calculated, from the due date until date of payment, on a daily balance and compounded monthly in arrear at an annual rate of two percent (2%) above the prevailing, variable prime rate publicly quoted by ABSA Bank Limited from time to time.

  • Late Charge shall have the meaning set forth in Section 13.09 hereof.

  • Bond and Interest Fund means the Bond and Interest Fund of the Issuer for its general obligation bonds.

  • Arrears of Interest means as at any date and in relation to any Mortgage Loan, interest (other than Capitalised Interest or Accrued Interest) on such Mortgage Loan which is currently due and payable on such date;

  • Interest when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity.