INTEREST ON UNPAID CONTINUING FEES Sample Clauses

The 'Interest on Unpaid Continuing Fees' clause establishes that interest will accrue on any ongoing fees that remain unpaid past their due date. Typically, this clause specifies the interest rate to be applied, the method of calculation (such as daily or monthly), and when the interest begins to accrue, often from the date payment was originally due. Its core practical function is to incentivize timely payment of fees and compensate the party owed for the delay, thereby reducing the risk of late payments and providing a clear consequence for non-payment.
INTEREST ON UNPAID CONTINUING FEES. If the FRANCHISEE fails to remit the weekly Continuing Fees due to CITY LOOKS by Thursday of each week for the previous week, as provided for in this Agreement, then the unpaid weekly Continuing Fees due to CITY LOOKS will bear interest at the maximum legal rate allowable in the state in which the FRANCHISEE'S City Looks business is located. In no event, however, will the rate of interest payable by the FRANCHISEE on the unpaid weekly Continuing Fees due CITY LOOKS under this Article exceed eighteen percent (18%) per annum simple interest even if the laws of that state permit a higher annual interest rate. If the FRANCHISEE does not submit a report of Gross Revenues pursuant to Article 19, then CITY LOOKS will have the right, in its sole discretion, to estimate the amount of the Continuing Fees payable by the FRANCHISEE, and the estimated unpaid weekly Continuing Fees will bear interest at the rate set forth above. The FRANCHISEE will pay CITY LOOKS for any and all costs incurred by CITY LOOKS in the collection of unpaid and past due Continuing Fee payments including, but not limited to, CITY LOOKS' actual attorneys' fees, deposition costs, expert witness fees, investigation costs, accounting fees, filing fees, and travel expenses.
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INTEREST ON UNPAID CONTINUING FEES. If the FRANCHISEE fails to remit the weekly Continuing Fees due to WCH by Wednesday of each week for the previous week, as provided for in this Agreement, then the unpaid weekly Continuing Fees due to WCH will bear interest at the maximum legal rate allowable in the state in which the FRANCHISEE'S We Care Hair Business is located. In no event, however, will the rate of interest payable by the FRANCHISEE on the unpaid weekly Continuing Fees due WCH under this Article exceed eighteen percent (18%) per annum simple interest even if the laws of that state permit a higher annual interest rate. If the FRANCHISEE does not submit a report of Gross Revenues pursuant to Article 19, then WCH will have the right, in its sole discretion, to estimate the amount of the Continuing Fees payable by the FRANCHISEE, and the estimated unpaid weekly Continuing Fees will bear interest at the rate set forth above. The FRANCHISEE will pay WCH for any and all costs incurred by WCH in the collection of unpaid and past due Continuing Fee payments including, but not limited to, WCH'S actual attorneys' fees, deposition costs, expert witness fees, investigation costs, accounting fees, filing fees, and travel expenses.
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INTEREST ON UNPAID CONTINUING FEES. If the Franchisee fails to remit the Continuing Fee due to E & C as provided for in Article 5.1, then the amount of the unpaid and past due Continuing Fee will bear simple interest at the lesser of the maximum legal rate allowable by applicable law or eighteen percent (18%) simple interest per annum. The Franchisee will pay E & C an administrative fee of seventy-five dollars ($75) for each delinquent Continuing Fee payment within ten (10) days after the delinquent Continuing Fee was due. The Franchisee will also reimburse E & C for any and all costs incurred by E & C in the collection of unpaid and past due Continuing Fee payments including, but not limited to, attorneys' fees, deposition costs, expert witness fees, investigation costs, accounting fees, filing fees and travel expenses.
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INTEREST ON UNPAID CONTINUING FEES. If the Franchisee fails to remit the Continuing Fee due to Elephant & Castle as provided for in Article 5.1, then the amount of the unpaid and past due Continuing Fee will bear simple interest at the lesser of the maximum legal rate allowable by applicable law or eighteen percent (18%) simple interest per annum. The Franchisee will pay Elephant & Castle an administrative fee of seventy-five dollars ($75)
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INTEREST ON UNPAID CONTINUING FEES. 9 5.3 Reports.....................................................9 5.4 Franchisee's Obligation to Pay.............................10 5.5 Pre-Authorized Bank Debits.................................10
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INTEREST ON UNPAID CONTINUING FEES. If the Franchisee fails to remit the Continuing Fee due to Elephant & Castle as provided for in Article 5.1, then the amount of the unpaid and past due Continuing Fee will bear simple interest at the lesser of the maximum legal rate allowable by applicable law or eighteen percent (18%) simple interest per annum. The Franchisee will pay Elephant & Castle an administrative fee of seventy-five dollars ($75) for each delinquent Continuing Fee payment within ten (10) days after the delinquent Continuing Fee was due. The Franchisee will also reimburse Elephant & Castle for any and all costs incurred by Elephant & Castle in the collection of unpaid and past due Continuing Fee payments including, but not limited to, attorneys' fees, deposition costs, expert witness fees, investigation costs, accounting fees, filing fees and travel expenses.
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Related to INTEREST ON UNPAID CONTINUING FEES

  • Interest on Unpaid Balances Interest on any unpaid amount (including amounts placed in escrow) shall be calculated in accordance with the method specified for interest on refunds in the Commission’s regulations at 18 C.F.R. § 35.19a (a)(2)(iii). Interest on unpaid amounts shall be calculated from the due date of the ▇▇▇▇ to the date of payment. Invoices shall be considered as having been paid on the date of receipt of payment.

  • Interest on Unpaid Amounts Any amount which has become payable pursuant to the terms of this Agreement or any decision by arbitrators or judgment by a court of law pursuant to this Section 11 but which has not been timely paid shall bear interest at the prime rate in effect at the time such amount first becomes payable, as quoted by the Bank, except as otherwise provided in Sections 5(g), 6(d) and 7(g) of this Agreement (concerning interest payable with respect to certain delayed payments that are subject to Section 409A of the Code).

  • 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 Amounts 22.1 Any Licence Fee which is payable and remains unpaid for a period in excess of 30 (thirty) days from the date of the invoice, will attract interest at the current legal rate, calculated in accordance with the interest rate prescribed by the Minister of Justice in accordance with the Prescribed Rate of Interest Act 55 of 1975, as amended. 22.2 Such interest will be calculated monthly in advance and is payable by the Licensee to SAMRO on demand.