Interest on Fees Sample Clauses

The 'Interest on Fees' clause establishes that if a party fails to pay fees or charges by the due date, interest will accrue on the outstanding amount. Typically, this interest is calculated at a specified rate, such as a fixed percentage per annum or a rate tied to a benchmark, and accrues daily or monthly until the overdue amount is paid in full. This clause incentivizes timely payment and compensates the party owed for the delay, thereby reducing the risk of late payments and ensuring financial discipline in the contractual relationship.
Interest on Fees. If any fee or other amount payable by the Borrower hereunder is not paid when due, such overdue amount shall bear interest at a rate which is two percent (2.0%) per annum in excess of the then applicable interest rate on Index Rate Loans.
View SourceView Similar (9)
Interest on Fees. Bargaining unit members who elect payment of fees by payroll deduction shall not be charged any fees for this service. Interest on the outstanding balance will not be applied to the accounts of members who apply for and authorize payment by this method, in writing, on the appropriate form, to be completed in the Faculty of Graduate Studies Office by the required deadline. No member shall have collective agreement payments which are processed through the student account system (with the exception of graduate financial assistance) reduced by an amount owing without the member’s written permission. The permission form shall inform the employee that she has the right to consult the union before signing the form.
View SourceView Similar (4)
Interest on Fees. Any fee payable under this Section 2.13 which not paid when due shall bear interest at the Default Rate.
View SourceView Similar (2)
Interest on Fees a) In the event that the Client does not pay the Fees to ABE within the timeframe set out under clause 12.2(b), ABE may require the Client to pay interest on each amount that has not been paid when due from (and including) the day on which it falls due to (but excluding) the day on which it is paid in full. This interest must be paid on demand. b) Interest on any unpaid amount will accrue each day at a rate determined by ▇▇▇, and is to be capitalised (if not paid) every seven days.
View Source
Interest on Fees. All fees provided for in ---------------- Section 2.7.7 and this Section 2.9 shall bear interest from and ------------- ----------- including the date such fees become payable to but not including the date that such payments are made, payable on demand, at a rate per annum equal to the reimbursement rate charged on Base Rate Loans.
View Source
Interest on Fees. We reserve the right to charge interest at a flat rate of 2% per month or part month on overdue debts (i.e. those invoices not paid within 7 days of the invoice date). We also reserve the right to recover any legal fees associated with debt recovery.
View Source

Related to Interest on Fees

  • INTEREST ON ARREARS Any interest instalment unpaid on maturity shall yield interest, of right and without formal notice, at the same rate as applicable to the portion of the loan whose interest is unpaid on maturity, such interest being payable to the Lender on request.

  • Interest on Payments Any payment by the Receiver pursuant to Section 2.6(d) shall be made together with interest on the amount thereof that accrues with effect from five (5) Business Days after the date on which payment was agreed or determined to be due until such amount is paid. The annual interest rate shall be determined by the Receiver based on the coupon equivalent of the three (3)-month U.S. Treasury ▇▇▇▇ Rate in effect as of the first Business Day of each Calendar Quarter during which such interest accrues as reported in the Federal Reserve Board Statistical Release for Selected Interest Rates H.15 opposite the caption “Treasury bills (secondary market), 3-Month” or, if not so reported for such day, for the next preceding Business Day for which such rate was so reported.

  • Interest on Overdue Payments (a) If the User fails to pay an invoice by the Due Date, the User must, if required by the Service Provider, pay the Service Provider interest on any amount outstanding. (b) Interest will be calculated from the Due Date to the actual date of payment (both inclusive) at an annual percentage rate equal to the aggregate of: (i) the corporate overdraft reference rate (monthly charging cycle) applied by the Commonwealth Bank of Australia (Bank) as at the Due Date (or if the Bank ceases to quote such a rate, then the rate which in the opinion of the Bank is equivalent to such rate in respect of similar overdraft accommodation) expressed as a percentage; plus (ii) 2 per cent per annum.

  • Interest on Advances Each Borrower shall pay interest on the unpaid principal amount of each Advance made to such Borrower by each Bank from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Interest on Late Payments a. State Agencies The payment of interest on certain payments due and owed by Agency may be made in accordance with Article 11-A of the State Finance Law (SFL §179-d et. Seq.) and Title 2 of the New York Code of Rules and Regulations, Part 18 (Implementation of Prompt Payment Legislation -2 NYCRR §18.1 et seq.).