INTEREST ON OVERDUE ACCOUNTS. All charges owing under this contract are due and payable upon accounts being rendered. Non-payment of charges constitutes breach of this contract and interest at the rate of 2% per month shall be charged on monies overdue.
INTEREST ON OVERDUE ACCOUNTS. Interest shall accrue at the Default Rate on the outstanding balance of all overdue amounts payable under clause 5, calculated daily.
INTEREST ON OVERDUE ACCOUNTS. 19.1 If a Party fails to pay an amount on the date it is due under this Contract, then that Party must pay Interest to the other Party on the outstanding amount until that amount is paid.
INTEREST ON OVERDUE ACCOUNTS. In the event charges remain unpaid following the due date, they shall bear interest at the rate of 1.5% per month (19.56% per annum) calculated and compounded daily as of the due date. As long as charges remain unpaid, Vidéotron shall issue an account statement on a monthly basis. Any partial payment made by the Customer shall first be applied to the accrued interest, then the unpaid capital, starting with the overdue amounts due the latest with respect to the payment date.
INTEREST ON OVERDUE ACCOUNTS. If the Tenant shall fail to pay any Rent from time to time payable by it to the Landlord hereunder promptly when due, the Landlord shall be entitled to interest thereon at a rate of 3% per annum in excess of the prime rate of interest charged by the HSBC Bank Canada on its commercial loans, at its main branch in Vancouver from time to time from the date upon which same was due until actual receipt of payment thereof.
INTEREST ON OVERDUE ACCOUNTS. 12.1 The User shall pay to the Authority simple interest at the rate of EIGHTEEN PERCENT (18%) per annum on all sums required to be paid under this Agreement, which have become overdue and remain unpaid.
INTEREST ON OVERDUE ACCOUNTS. 12.1 The User shall pay EIGHTEEN PERCENT (18%) per annum e paid unde thi reemen , which have become overdue unpa
INTEREST ON OVERDUE ACCOUNTS. If for any reason payments due the Engineer have not been paid within 45 days of delivery of the invoice to the Client, interest on the overdue amount(s) shall be applied at an annual rate one percent higher than the prime rate charged by the Northern Trust Company, Chicago, Illinois.
INTEREST ON OVERDUE ACCOUNTS. 21. a. You shall be liable to pay interest on all monies due and unpaid calculated at the Applicable Rate on a daily basis from the due date for payment to the date payment is actually received.
INTEREST ON OVERDUE ACCOUNTS. If an Owner fails to pay any invoice rendered by the Operator when due and payable, the unpaid amount shall, in the sole discretion of the Operator, bear interest at a rate equivalent to the average monthly prime rate of interest quoted by the principal chartered bank in Canada used by the Operator plus a rate of two (2%) percent per annum from the due date until the accrued interest is paid, all such interest to be for the sole account of the Operator. A letter from such principal banker to the Operator stating the bank's rate of interest for the relevant period shall be conclusive and final proof as to the applicable rate of interest to be applied for the purposes of this Agreement.
