Common use of Late Payment Penalty Clause in Contracts

Late Payment Penalty. When a Member or a Specified Corporate User neglects to fulfill the executing monetary obligations under this Agreement, or an Individual Contract, the Member or a Specified Corporate User shall pay the delayed payment to DBS at an annual rate of 14.6% on a pro rata basis (calculated on a daily basis with a year being equal to 365 days).

Appears in 34 contracts

Samples: Docomo Community Cycle Service Agreement, Docomo Community Cycle Service Agreement, Docomo Community Cycle Service Agreement

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Late Payment Penalty. When a Member or a Specified Corporate User neglects to fulfill the executing monetary obligations under this Agreement, or an Individual Contract, the Member or a Specified Corporate User shall pay the delayed payment to DBS our corporation at an annual rate of 14.6% on a pro rata basis (calculated on a daily basis with a year being equal to 365 days).

Appears in 1 contract

Samples: docomo-cycle.jp

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