Common use of Late Payment Surcharge Clause in Contracts

Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx by the Procurers sixty (60) days beyond its due date, a Late Payment Surcharge shall be payable by the Procurers to the Seller at the rate of 1.25% per month on the outstanding amount calculated on a day to day basis. The Late Payment Surcharge shall be claimed by the Seller through the next Monthly Xxxx.

Appears in 8 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx/Supplementary Xxxx by the Procurers sixty Buying Entity within thirty (6030) days beyond its due dateDue Date, a Late Payment Surcharge shall be payable by the Procurers Buying Entity to the Seller Buyer at the rate of 1.25% per month on the outstanding amount calculated on a day to day simple interest basis. The Late Payment Surcharge shall be claimed by the Seller Buyer through the next Monthly Supplementary Xxxx.

Appears in 6 contracts

Samples: Power Sale Agreement, Power Sale Agreement, Power Sale Agreement

Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx Bill by the Procurers sixty (60) days beyond its due date, a Late Payment Surcharge shall be payable by the Procurers to the Seller at the rate of 1.25% per month on the outstanding amount calculated on a day to day basis. The Late Payment Surcharge shall be claimed by the Seller through the next Monthly XxxxBill.

Appears in 5 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx/Supplementary Xxxx by the Procurers sixty Buying Entity within thirty (6030) days beyond its due dateDue Date, a Late Payment Surcharge shall be payable by the Procurers Buying Entity to the Seller Buyer at the rate of 1.251.5% per month on the outstanding amount calculated on a day to day basis. The Late Payment Surcharge shall be claimed by the Seller Buyer through the next Monthly Supplementary Xxxx.

Appears in 2 contracts

Samples: Standard Power Sale Agreement, Standard Power Sale Agreement

Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx/Supplementary Xxxx by the Procurers sixty Buying Entity within thirty (6030) days beyond its due dateDue Date, a Late Payment Surcharge shall be payable by the Procurers Buying Entity to the Seller Buyer at the rate of 1.25% per month on the outstanding amount calculated on a day to day basis. The Late Payment Surcharge shall be claimed by the Seller Buyer through the next Monthly Supplementary Xxxx.

Appears in 2 contracts

Samples: Power Sale Agreement, Power Sale Agreement

Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx/Supplementary Xxxx by the Procurers sixty Buyer within thirty (6030) days beyond its due dateDue Date, a Late Payment Surcharge shall be payable by the Procurers to the Seller WPD at the rate of 1.251. 5% per month on the outstanding amount calculated on a day to day basisbasis subject to such late payment is duly received by Buyer under the PSA. The Late Payment Surcharge shall be claimed by the Seller WPD through the next Monthly Supplementary Xxxx.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx by the Procurers sixty Buyer within thirty (6030) days beyond its due dateDue Date, a Late Payment Surcharge shall be payable by the Procurers to the Seller HPD at the rate of 1.251. 25% per month on the outstanding amount calculated on a day to day basisbasis subject to such late payment is duly received by Buyer under the PSA. The Late Payment Surcharge shall be claimed by the Seller HPD through the next Monthly Supplementary Xxxx.

Appears in 1 contract

Samples: Power Purchase Agreement

Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx/Supplementary Xxxx by the Procurers sixty Buyer within thirty (6030) days beyond its due dateDue Date, a Late Payment Surcharge shall be payable by the Procurers to the Seller WPD at the rate of 1.251. 5% per month on the outstanding amount calculated on a day to day basis. .. The Late Payment Surcharge shall be claimed by the Seller WPD through the next Monthly Supplementary Xxxx.

Appears in 1 contract

Samples: Power Purchase Agreement

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Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx by the Procurers sixty Buyer within thirty (6030) days beyond its due dateDue Date, a Late Payment Surcharge shall be payable by the Procurers to the Seller WPD at the rate of 1.251. 5% per month on the outstanding amount calculated on a day to day basisbasis subject to such late payment is duly received by Buyer under the PSA. The Late Payment Surcharge shall be claimed by the Seller WPD through the next Monthly Supplementary Xxxx.

Appears in 1 contract

Samples: Power Purchase Agreement

Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx by the Procurers sixty Discom thirty (6030) days beyond its due dateDue Date, a Late Payment Surcharge shall be payable by the Procurers Discom to the Seller NVVN at the rate of 1.25% per month on the outstanding amount calculated on a day to day basis. The Late Payment Surcharge shall be claimed by the Seller NVVN through the next Monthly Xxxx.

Appears in 1 contract

Samples: Standard Power Sale Agreement

Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx/Supplementary Xxxx by the Procurers sixty Buying Entity within thirty (6030) days beyond its due dateDue Date, a Late Payment Surcharge shall be payable by the Procurers Buying Entity to the Seller Buyer at the rate of 1.251.50 % per month on the outstanding amount calculated on a day to day simple interest basis. The Late Payment Surcharge shall be claimed by the Seller Buyer through the next Monthly Supplementary Xxxx.

Appears in 1 contract

Samples: Power Sale Agreement

Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx/Supplementary Xxxx by the Procurers sixty Discom thirty (6030) days beyond its due dateDue Date, a Late Payment Surcharge shall be payable by the Procurers Discom to the Seller Buyer at the rate of 1.25% per month on the outstanding amount calculated on a day to day basis. The Late Payment Surcharge shall be claimed by the Seller Buyer through the next Monthly Xxxx.

Appears in 1 contract

Samples: Standard Power Sale Agreement

Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx by the Procurers sixty Buyer after thirty (6030) days beyond its due dateDue Date, a Late Payment Surcharge shall be payable by the Procurers to the Seller WPD at the rate of 1.25% per month on the outstanding amount calculated on a day to day basisbasis subject to such late payment is duly received by Buyer under the PSA. The Late Payment Surcharge shall be claimed by the Seller WPD through the next Monthly Supplementary Xxxx.

Appears in 1 contract

Samples: Power Purchase Agreement

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