A Late Payment Sample Clauses
A Late Payment clause defines the consequences and procedures that apply when a payment is not made by the agreed-upon due date. Typically, this clause specifies the imposition of interest charges, late fees, or other penalties on overdue amounts, and may outline steps for notifying the debtor or escalating the matter. Its core practical function is to incentivize timely payments and compensate the party owed for the inconvenience or financial impact of delayed funds.
A Late Payment. Fee if we do not receive at least the total minimum payment due on your account by 5:00 p.m. (ET) on the due date shown on your statement. The amount of the late payment fee will be equal to: (1) $25 if you have paid at least your total minimum payment due by the payment due date in each of the prior six billing cycles or
A Late Payment administration fee shall be levied in respect of all amounts not paid on due date.
A Late Payment. Fee each time a payment is late; (d) any costs incurred by the FO in collecting late or unpaid Storage Fees, or in enforcing this Agreement in any way, including but not limited to postal, telephone, unit inventory, debt collection, personnel and/or default action costs and associated legal and professional fees; and (e) any government taxes or charges (including any value added tax) levied on any supplies made under this Agreement. Where ▇▇▇▇▇▇ has more than one agreement with FO, all will form one account with FO and FO may in its sole discretion elect to apply any payment made by or on behalf of ▇▇▇▇▇▇ on this agreement against the oldest Debt due from ▇▇▇▇▇▇ to FO on any agreement in the account.