Common use of Payment Due Dates and Interest Clause in Contracts

Payment Due Dates and Interest. Should the Owner fail to pay a proper invoice within thirty calendar days of receipt, the Design Professional shall notify the Owner in writing by Certified or Statutory mail. If the Owner fails to pay within five business days of receipt of the notice, the Design Professional shall receive, in addition the sum named in the proper invoice, interest thereon at the rate of one half (½) percent per month on the unpaid balance as may be due.

Payment Due Dates and Interest. Should the Owner fail to pay a proper invoice within thirty calendar days of receipt, the Design Professional Contractor shall notify the Owner in writing by Certified certified or Statutory statutory mail. If the Owner fails to pay within five business days of receipt of the notice, the Design Professional Contractor shall receive, in addition the sum named in the proper invoice, interest thereon at the rate of one half (½) percent per month on the unpaid balance as may be due.

Payment Due Dates and Interest. Should the Owner fail to pay a proper invoice within thirty calendar days of receipt, the Design Professional shall notify the Owner in writing by Certified or Statutory mail. If the Owner fails to pay within five business days of receipt of the notice, the Design Professional shall receive, in addition addition, the sum named in the proper invoice, interest thereon at the rate of one one-half (½) percent per month on the unpaid balance as may be due.

Payment Due Dates and Interest. Should the Owner fail to pay a proper invoice within thirty calendar days of receipt, the Design Professional Contractor shall notify the Owner in writing by Certified certified or Statutory statutory mail. If the Owner fails to pay within five business days of receipt of the notice, the Design Professional Contractor shall receive, in addition the sum named in the proper invoice, interest thereon at the rate of one one-half (½) percent per month on the unpaid balance as may be due.

Payment Due Dates and Interest. Should If the Owner fail fails to pay the amount then due and stated in a proper invoice within thirty (30) calendar days of after receipt, the then Design Professional shall notify the provide a Notice thereof to Owner in writing by Certified certified or Statutory statutory overnight mail. If the Owner fails to pay within five (5) business days of after receipt of the noticesuch Notice, the Design Professional shall receive, in addition to the sum named stated in the proper invoice, interest thereon at the rate of one half (½) percent per month on the unpaid balance as may be duedue and stated in the proper invoice.

Payment Due Dates and Interest. Should the Owner fail to pay a proper invoice within thirty calendar days of receipt, the Design Professional Contractor shall notify the Owner in writing by Certified or Statutory certified mail. If the Owner fails to pay within five business days of receipt of the notice, the Design Professional Contractor shall receive, in addition to the sum named in the proper invoice, interest thereon at the rate of one half (½) percent per month on the unpaid balance as may be due.

Payment Due Dates and Interest. Should the Owner fail to pay a proper invoice within thirty calendar days of receipt, the Design Professional shall notify the Owner in writing by Certified or Statutory mail. If the Owner fails to pay within five business days of receipt of the notice, the Design Professional shall receive, in addition the sum named in the proper invoice, interest thereon at the rate of one half (½) percent per month on the unpaid balance as may be due.. SAMPLE