Delayed Payment Interest Clause Samples

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Delayed Payment Interest. The Delayed Payment Interest (if any) of the Partnership for such fiscal year shall be allocated to all Partners (other than, with respect to each payment, the Partner or Partners liable to pay such interest (who shall not receive any allocation of the interest paid by them)) in proportion to their respective Contributions in the same manner as Net Profit.
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Delayed Payment Interest. An amount not exceeding Four (4) per cent over and above the applicable Rate of Interest.
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Delayed Payment Interest. In case of late payment, a penalty of 8% will be added to the invoiced amount. The legal delayed payment interest will also be applied from the time when payment becomes due until when it is received.
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Delayed Payment Interest. 2.8.1 Notwithstanding any other rights or remedies available to it under this Agreement or Applicable Law, where an amount has become due under this Agreement, but has not been paid within the Payment Date, the same shall carry Delayed Payment Interest as such rate as specified in the Schedule II. The Delayed Payment Interest shall be payable forthwith and shall form a part of sums due under this Agreement. The Borrower agrees that the Delay Payment Interest contemplated herein is a fair and reasonable estimate of the loss likely to be suffered by the Lender on account of the delay/default on the part of the Borrower. The payment of the Delay Payment Interest shall not absolve the Borrower of other obligations in respect of such default or affect any other rights that the Lender in respect of the delay/default.
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Delayed Payment Interest. In case of any delay of any payment or part thereof, due and payable under this Agreement from the Allottee, including but not limited to the installments of the Entire Consideration as per the Forth Schedule and the terms mentioned herein, then notwithstanding and/or without prejudice to the Promoter’s rights of termination of this Agreement, the Allottee shall be liable to pay interest at Specified Interest Rate i.e., SBI MCLR + 2 %
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Related to Delayed Payment Interest

  • Delayed Payment Premium balances that remain unpaid for more than thirty (30) days after the Remittance Date will incur interest from the end of the reporting period. The Remittance Date is defined as thirty (30) days after the end of the reporting period. Interest will be calculated using the index specified in Article 13.5 − Interest Rate.

  • Delayed Payments The Parties hereto agree that payments due from one Party to the other Party under the provisions of this Agreement shall be made within the period set forth therein, and if no such period is specified, within 30 (thirty) days of receiving a demand along with the necessary particulars. Unless otherwise specified in this Agreement, in the event of delay beyond such period, the defaulting Party shall pay interest for the period of delay calculated at a rate equal to 5% (five per cent) above the Bank Rate, and recovery thereof shall be without prejudice to the rights of the Parties under this Agreement including Termination thereof.

  • Payment; Interest Computation Interest is payable monthly on the first calendar day of each month and shall be computed on the basis of a 360-day year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 p.m. Pacific time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.

  • Late Payment Interest If the Customer fails to make payment by the agreed time, the Contractor shall be entitled to claim interest on any overdue amount, pursuant to the Act No. 100 of 17 December 1976 relating to Interest on Overdue Payments, etc. (Late Payment Interest Act).

  • Returned Payment Fee If your account is subject to a Returned Payment Fee, the fee will be charged to your account when a payment is returned for any reason.