Past Due Sample Clauses
The "Past Due" clause defines the consequences and procedures that apply when a payment is not made by its due date. Typically, this clause outlines the imposition of late fees, interest charges, or other penalties on overdue amounts, and may specify a grace period before such penalties apply. Its core practical function is to incentivize timely payments and provide a clear framework for addressing late payments, thereby reducing uncertainty and financial risk for the party expecting payment.
Past Due. At the Cutoff Date no Receivable was more than 30 days past due.
Past Due. At the Initial Cutoff Date or the Subsequent Cutoff Date, as applicable, no Receivable was more than 30 days past due.
Past Due. At the Cutoff Date no Scheduled Receivable Payment was more than 30 days past due.
Past Due. In addition to, but not in limitation of, all remedies available to Lessor, the laws of this state as summarized in Paragraph 12 B., gives the Lessor a lien upon all personal property, whether or not owned by the Tenant, located at the self-storage facility for payment of rent, labor or other charges reasonably incurred. In the event Tenant is in default hereunder, the Lessor may without notice; deny the Tenant access to the property located in the self-storage facility. All charges of whatever nature due under this Rental Agreement shall constitute rent.
Past Due. At the Cutoff Date, no Transferor Receivable was more than 59 days past due.
Past Due. At the Cutoff Date, no DFS Receivable was more than 59 days past due.
Past Due. No Receivable is a Defaulted Receivable or a Delinquent Receivable.
Past Due. No Contract payments are, and have not been at any time, more than 60 days contractually past due.
Past Due. As of the related Cutoff Date, no Receivable was more than 30 days past due and no funds have been advanced by ORFC II, the Servicer, any Dealer, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under this representation.
Past Due. No Receivable is a Defaulted Receivable or a Delinquent Receivable. No Receivable is a Borrowing Base Delinquent Receivable, provided that the requirements of this sentence shall no longer be applicable if any Take-Out Securitization includes Borrowing Base Delinquent Receivables and if all Take-Out Securitizations that have closed subsequent thereto also include Borrowing Base Delinquent Receivables.