Common use of Delay of Payment Clause in Contracts

Delay of Payment. 1) Payment made after the due date will be considered as delayed, and Party B is responsible for the delayed charges. 2) Party B shall pay the delayed charge equivalent to 0.5% of the Total Service Fee of the month (30 days on average), incurred for each day that has been delayed in the month.

Delay of Payment. 1) Payment made after the due date will be considered as delayed, and Party B is responsible for responsibleof the delayed charges. 2) Party B shall pay the delayed charge equivalent to 0.5% of the Total Service Fee of the month themonth (30 days on in average), incurred for each day that has been delayed in the month.

Delay of Payment. 1) Payment made after the due date will be considered as delayed, and Party B is responsible for of the delayed charges. 2) Party B shall pay the delayed charge equivalent to 0.5% of the Total Service Fee of the month (30 days on in average), incurred for each day that has been delayed in the month.