Common use of One Month Clause in Contracts

One Month. If you shall fail to make any payment required by this Agreement within thirty days of the date that written notice of such payment is sent from the Agency to the Project Beneficiary at the address provided above, the Project Beneficiary shall pay the amount specified in such notice together with a late payment penalty equal to five percent (5%) of the amount due.

Appears in 2 contracts

Sources: Uniform Project Benefits Agreement, Uniform Project Benefits Agreement