Late Payment For Sample Clauses
The 'Late Payment For' 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 types of payments covered, such as invoices or installment payments, and outlines the penalties or interest charges that will accrue if payment is delayed. By clearly establishing the repercussions for late payments, this clause incentivizes timely payment and provides a mechanism for compensating the party that is owed money, thereby reducing disputes and financial uncertainty.
Late Payment For. Each No. of Days Late $10,000 of Common Stock ---------------- ----------------------- 1 $100 2 $200 3 $300 4 $400 5 $500 6 $600 7 $700 8 $800 9 $900 10 $1,000 Over 10 $1,000 + $200 for each Business Day late beyond 10 days The Company shall pay any payments incurred under this Section in immediately available funds upon demand. Nothing herein shall limit the Investor's right to pursue actual damages for the Company's failure to issue and deliver the Securities to the Investor, except to the extent that such late payments shall constitute payment for and offset any such actual damages alleged by the Investor, and any Buy In Adjustment Amount.
Late Payment For. Each No. Days Late $10,000 of Common Stock ------------- ----------------------- 1 $100 2 $200 3 $300 4 $400 5 $500 6 $600 7 $700 8 $800 9 $900 10 $1,000 greater than 10 $1,000 +$200 for each Business Day Late beyond 10 days The Company shall pay any payments incurred under this Section 9.4 in immediately available funds upon demand. Nothing herein shall limit the Purchaser's right to pursue actual damages for the Company's failure to issue and deliver the unlegended securities to the Purchaser.
Late Payment For. Each No. of Days Late $10,000 of Investment Amount ---------------- ---------------------------- 1 $100 2 $200 3 $300 4 $400 5 $500 6 $600 7 $700 8 $800 9 $900 10 $1,000 >10 $1,000 +$200 for each Business Day Late beyond 10 days The Company and the Investor, as the case may be, shall pay any payments incurred under this Section 8.5 in immediately available funds upon demand. Nothing herein shall limit Investor's right to pursue actual damages for the Company's failure to issue and deliver the Put Shares to Investor or the Company's right to pursue actual damages for the Investor's failure to pay the Investment Amount to the Company, except to the extent that such late payments shall constitute payment for and offset any such actual damages alleged by Investor or the Company, as the case may be, and, in the case of the Investor, any Buy In Adjustment Amount (as defined above).
Late Payment For. Each No. of Days Late $10,000 of Common Stock ---------------- -----------------------