Common use of Late Payment Interest Clause in Contracts

Late Payment Interest. a) For each started day of delay in fulfilling a financial liability under this Agreement, the creditor has the right to charge the defaulting Party late payment interest on the outstanding sum in the amount determined by generally binding legal regulations. b) In the event either Party pays late payment interest on an outstanding amount that has been invoiced erroneously, the respective Party shall be reimbursed for the late payment interest within 10 business days after the error has been documented.

Late Payment Interest. a) For each started day of delay in fulfilling a financial liability obligation under this Agreement, the creditor has the right to charge the defaulting Party late payment interest on the outstanding sum in the amount determined by generally binding legal regulations. b) In the event either Party pays late payment interest on an outstanding amount that has been invoiced erroneously, the respective Party shall be reimbursed for the late payment interest within 10 business days forthwith after the error has been documented.

Late Payment Interest. a) For each started day of delay in fulfilling a financial liability obligation under this Agreement, the creditor has the right to charge the defaulting Party late payment interest on the outstanding sum in the amount determined by generally binding legal regulations. b) In the event either Party pays late payment interest on an outstanding amount that has been invoiced erroneously, the respective Party shall be reimbursed for the late payment interest within 10 business days after the error has been documented.

Late Payment Interest. a) For each started day of delay in fulfilling a financial liability under this Agreement, the creditor damaged Party has the right to charge the defaulting Party late payment interest on the outstanding sum in amount at the amount determined rate governed by generally binding legal regulations. b) In the event either Party pays late payment interest on an the outstanding amount that has been invoiced erroneously, the respective Party shall be reimbursed for the late payment interest within 10 business days after the error has been documented.

Late Payment Interest. a) For each started day of delay in fulfilling a financial liability obligation under this Agreement, the creditor has the right to charge the defaulting Party late payment interest on the outstanding sum in the amount determined by generally binding legal regulations. b) In the event either Party pays late payment interest on an outstanding amount that has been invoiced erroneously, the respective Party shall be reimbursed for the late payment interest within 10 business days immediately after the error has been documented.

Late Payment Interest. a) For each started day of delay in fulfilling a financial liability under this Agreement, the creditor has the right to charge the defaulting Party late payment interest on the outstanding sum in the amount determined by generally binding legal regulations. b) In the event either Party pays late payment interest on an outstanding amount that has been invoiced erroneously, the respective Party shall be reimbursed for the late payment interest within 10 business days after the error has been documented.

Late Payment Interest. a) For each started day of delay in fulfilling a financial liability obligation under this Agreement, the creditor damaged Party has the right to charge the defaulting Party late payment interest on the outstanding sum in amount at the amount determined rate governed by generally binding legal regulations. b) In the event either Party pays late payment interest on an the outstanding amount that has been invoiced erroneously, the respective Party shall be reimbursed for the late payment interest within 10 business days forthwith after the error has been documented.