late payment penalty definition

late payment penalty means the penalty fee imposed on a defaulting debtor

late payment penalty means an amount equal to the product of Four Percent (4%) and the amount of any overdue and unpaid amount under this Lease.

late payment penalty is defined in Section 2.2.

Examples of late payment penalty in a sentence

• I f you do not pay your bill by the due date and your total past due amount is $30 or more, we may charge you a Late Payment Penalty in the amount of $10.00 or 1.5 percent of the past due amount, whichever is greater.

• If you do not pay your bill by the due date, we may charge you a Late Payment Penalty of 5% on the amount for the previous invoice’s past due balance.

• We will charge: a) a Disconnection Notice fee (DNP Notice Fee) as set forth on your EFL for each instance in which we send a letter notifying you of possible disconnection for non-payment; b) a $25 Disconnection Fee (DNP Fee) if your service is disconnected; c) a Late Payment Penalty equal to 5% of your late bill’s past due amount if you are late making a payment; and d) a $25 Insufficient Funds Charge (NSF Charge) for returned payments.

• Any Late Payment Penalty will not exceed the maximum amount permitted by Law.

• If you do not pay your invoice by the due date, we may charge you a Late Payment Penalty of 5% on the amount for the previous month's past due electric service.

More Definitions of late payment penalty

late payment penalty. A late payment penalty shall be added to any rent not received by Landlord within ten (10) days of the due date. Such penalty shall be five percent (5%) of the monthly rent or additional rent due.

late payment penalty means late payment penalty imposed under section 63;

late payment penalty. If any Royalty is not paid within twenty (20) days of the date when due, Purchaser agrees to pay and will be obligated to pay as additional Percentage Compensation for that month an amount equal to five percent (5%) of the amount otherwise payable.

late payment penalty means an administrative penalty imposed by the Commission under regulation 5A.”;

late payment penalty means the penalty payable under section 44 of the Tax Administration Act;

late payment penalty means a financial penalty imposed by the Commission under regulation 5;

late payment penalty means a financial penalty imposed in respect of the failure of a licensee to pay any fee, charge, levy or penalty payable under this Act, the Financial Services Authority Act or the Regulations on or before the date on which the fee, charge, levy or penalty is due for payment.