Penalty and Interest Sample Clauses

Penalty and Interest. (1) If any Rent is not received within ten days following the date on which the Rent first became due, then TENANT must pay a late penalty of ten percent of the amount of the Rent in addition to the Rent. (2) In addition to the penalty, TENANT must pay interest at the rate of one percent per month or fraction thereof or the maximum amount permitted by law as of the date this Lease is signed, whichever is greater (the "Default Rate"), on the amount of the Rent, exclusive of the penalty, from the date on which Rent first became delinquent until paid. The term "Rent" includes any sums advanced by the CITY and any unpaid amounts due from TENANT to the CITY.

Penalty and Interest. Royalty payments which are not made when due and reports which are not delivered when due shall accrue penalty and/or interest as follows: If Lessee fails to pay a Royalty payment when due and such failure continues for more than fifteen (15) days after the Royalty payment was due, then Lessee shall pay to Lessor a penalty in the amount of one percent (1.0%) of the Royalty due or $100.00, whichever is greater. If Lessee fails to pay a Royalty payment when due and such failure continues for more than thirty (30) days after the Royalty payment was due, then Lessee shall pay to Lessor an additional penalty in the amount of one percent (1.0%) of the Royalty due or $100.00, whichever is greater. In addition to the penalty or penalties provided for above, Royalties which are not paid when due shall accrue interest at a rate per annum equal to the lesser of twelve percent (12.0%) per annum or the highest lawful rate of interest per annum that Lessor is permitted by applicable law to charge Lessee; such interest will begin to accrue on the day following the date on which such Royalty payment was due and shall continue until the Royalty payment is paid in full. Documents and reports which are required to be delivered by Lessee to Lessor pursuant to Section 3.F, Section 4 or Section 16.G of this Lease Agreement and which are not delivered to Lessor within twenty (20)days after the date due shall incur a penalty of $100.00 for each such late delivery. Lessee shall bear all responsibility for paying all Royalties and causing such Royalties to be paid in the manner prescribed in this Lease Agreement. Payment of the delinquency penalties set forth above shall in no way operate to waive the occurrence of any Event of Default or act to postpone the date on which any Royalties were originally due or any documents or reports were originally required to be delivered.

Penalty and Interest. Both a penalty and interest will be imposed for, but not limited to, late payments, improper or partial payments, and violation of any covenant of this Lease. Penalty and interest and fee schedules, as adopted by the Board, are effective immediately after approval. A current Penalty and Interest schedule is available on-line at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇.▇▇.▇▇ and through any office of the State Board of Land Commissioners.

Penalty and Interest. A penalty of $50.00 or 10% of the delinquent road tolls, whichever is greater, is assessed for failure to file a return or filing a late return. Interest is calculated from the date that road tolls were due for each month or fraction thereof until paid. A fraction of a month accrues a full month’ interest, interest is calculated at the rate of .5% per month. To avoid penalty for late filing, the IFTA return must be postmarked no later than midnight on the last day of the month following the close of the filing period. If a return is hand delivered, it shall be considered filed and received on the date that it was delivered to the Road Toll Bureau. If the due date falls on a weekend or holiday, the return is due on the next business day.

Penalty and Interest. Delinquent royalty payments and reports shall accrue penalty and/or interest as determined by Texas Natural Resources Code §53.024 or its successor and any applicable administrative rule in effect at the time the royalty payments or reports were due. As of the date of this lease, the following are the current key penalty and interest provisions under which this lease shall operate: If LESSEE pays royalty on or before thirty (30) days after the royalty payment was due, then LESSEE owes a penalty of 5% cm the royalty due or $25. 00, whichever. is greater. A royalty payment which is over thirty (30) days delinquent shall accrue a penalty of 10% of the royalty due or $25.00 whichever is greater. In addition to a penalty, royalties shall accrue interest at a rate of 12% per year; such interest will begin to accrue 60 days after the due date. Documents which are required under this lease or by law and not filed when due shall incur a penalty in an amount set by the General Land Office administrative rules. The LESSEE shall bear all responsibility for paying royalties or causing such royalties to be paid in the manner prescribed in this lease. • Payment of the delinquency penalty shall in no way operate to prohibit the State’s right of forfeiture as provided by law and by this lease nor act to postpone the date on which royalties were originally due. The above penalty provisions shall not apply in cases of title dispute as to the State’s portion of the royalty or to that portion of the royalty in dispute as to fair market value.

Penalty and Interest. 3.3.3.1 If the borrower fails to repay the loan principal within the time limit agreed herein, the lender shall, on the basis of the overdue date of the execution rate of the loan, collect the penalty rate according to the overdue term: 100 from 30 days (including 30 days) from the overdue date Divide fifty (In words) the penalty interest; more than 30 days to 60 days (including 60 days) increased by 50%(In words) collect penalty interest; 60 days above five percent Pick up (in words) to collect penalty interest. During the overdue period, the penalty interest rate of fixed interest rate borrowing is fixed and unchanged; if the benchmark interest rate is adjusted by LPR and SOFR, the penalty interest rate shall be determined based on the borrowing rate according to the method agreed herein. 3.3.3.2 If the borrower fails to use the loan for the purpose agreed herein, the loan of the lender shall be from the date of default .On the basis of the fixed loan interest rate, one hundred percent (in words) shall increase the penalty interest until the principal and interest are paid off. Term of breach of contract ,Meanwhile, the penalty interest rate of fixed interest rate borrowing is fixed; If the benchmark interest rate such as LPR and SOFR is adjusted, the penalty interest rate shall be determined according to the borrowing rate agreed herein. 3.3.3.3 If the same loan is overdue and not used for the purpose agreed in the contract, the penalty interest rate shall be calculated as the higher one.

Penalty and Interest. (1) If any Rent is not received within ten (10) days following the date on which the Rent first became due, then TENANT must pay a late penalty of ten percent (10%) of the total Rent due and payable in addition to the total amount of the unpaid Rent. (2) In addition to the penalty, TENANT must pay interest at the rate of one percent (1%) per month or fraction thereof or the maximum amount permitted by law as of the date this Lease is signed, whichever is greater (the "Default Rate"), on the amount of the Rent, exclusive of the penalty, from the date on which Rent first became delinquent until paid. The term "Rent" includes any sums advanced by the CITY and any unpaid amounts due from TENANT to the CITY.

Penalty and Interest. If a licensee fails to file a report, files a late tax report, or fails to remit any tax due, the licensee is subject to penalty and interest. The penalty for failure to file a tax report when due is the greater of fifty dollars ($50) or ten percent (10%) of the net tax due to all member jurisdictions. For periods prior to July 1, 2013, interest is computed at 1% per month or part of a month, to a maximum of 12% per year. For periods on or after July 1, 2013, interest shall be set at an annual rate of 2% above the underpayment rate established under Section 6621(a)(2) of the International Revenue Code. Interest is computed at 1/12 this annual rate per month or part of a month from the date of the tax due for each month, or fraction thereof, until paid. Delinquent accounts will be subject to suspension.

Penalty and Interest. If a licensee fails to file a return, files a late tax return, or fails to remit any tax due, the licensee is subject to penalty and interest. The penalty for failure to file a tax return when due or not paying the full amount due is the greater of fifty dollars ($50) or ten percent (10%) of the net tax due to all member jurisdictions. Interest is com- puted on all delinquent taxes due to each jurisdiction at a rate of two percent (2%) points above the Internal Revenue Code sec. 6621(a)(2). For further information on interest rates go to ▇▇▇▇▇▇.▇▇▇.