Penalties and Interest definition

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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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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Examples of Penalties and Interest in a sentence

  • In calculating the Revised PPC Stand-Alone Payment and Revised Parent Payment, as applicable, only Penalties and Interest actually imposed by or received from a Tax Authority in connection with an Adjustment shall be included in such Revised PPC Stand-Alone Payment and Revised Parent Payment, as applicable, and then only to the extent and in proportion to the amount that PPC or Parent, as applicable, contributed to the imposition or receipt of such Penalties and Interest.


More Definitions of Penalties and Interest

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 in excess of the interest rate of the Bonds, in both cases pursuant to Section 5898.30 of the Act, and in both cases to the extent received from the applicable County.
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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, whether disputed or not, any interest, fines, penalties, assessments, or additions resulting from, attributable to, or incurred in connection with any Tax. “Person” means an individual, any Entity or a governmental entity or any department, agency or political subdivision thereof.
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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

  • Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.

  • Compound Interest shall have the meaning set forth in Section 4.1.

  • Unpaid Interest means, on any Distribution Date with respect to any Class of Interests or Certificates (other than the Residual Certificates), the portion of Distributable Certificate Interest for such Class remaining unpaid as of the close of business on the preceding Distribution Date, plus one month's interest thereon at the applicable Pass-Through Rate.

  • 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.

  • Accreted Interest Interest accrued on a Loan that is added to the principal amount of such Loan instead of being paid as it accrues.

  • Late Charge means the lesser of five percent (5%) of the payment due or the maximum amount permitted by the law of the state where the Equipment is located.