Penalty Fee definition
Examples of Penalty Fee in a sentence
If, following any Payment Event, the Lending Company delays any payments due to the Issuer under any of the Transaction Documents by more than 10 days, the Lending Company will pay to the Issuer the Pending Payments Penalty Fee.
In this case, the contractual relationship governed by these Terms and Re- gulations shall be terminated by right pursuant to article 1456 of the Italian Civil Code and the Organiser and Fiera Milano shall have the right to withhold the Deposit as a Penalty Fee, except in the case of greater damages.
If Licensee was required to perform work and fails to perform such work necessitating its completion by the City, the City may either charge an additional ten percent (10%) to its costs or, if applicable, assess the Failure to Timely Transfer, Abandon or Removal Facilities Penalty Fee.
If, following any Payment Event, the Lending Company delays any payments due to the Issuer under any of the Transaction Documents by more than 10 days, the Lending Company will payto the Issuer the Pending Payments Penalty Fee.
In the event the Penalty Fee is not paid within the ten (10) days, a notice of revocation of service shall be sent and service shall be immediately disconnected pursuant to these Rules and Regulations.