Payment; Late Payment Clause Samples

Payment; Late Payment. 1. The Parent pays on the basis of a Written invoice and no later than on the payment date set out in the invoice. Any reliance on a deposit provided is equal to a payment. The invoice is provided free of charge. 2. If a Parent pays a third party designated by the Proprietor, the Parent will consequently be released from his/her payment obligation. The designation by the Parent of a third party that must provide payments will not remove the liability of the Parent for (timely) payment. Any payments by a third party on behalf of the Parent will however release the Parent from his/her payment obligation. 3. Failing complete and timely payment, the Parent will be in default by operation of law. 4. After the expiry of the payment date, the Proprietor sends a Written payment reminder and gives the Parent the opportunity to yet pay within 14 days after receipt of this payment reminder. Moreover, the Proprietor warns the Parent in this payment reminder about the termination authority of the Proprietor in pursuance of Article 10, paragraph 3, under a. This payment reminder must be sent at least 14 days prior to the date on which this authority can be invoked. 5. If, after the expiry of the period set out in the payment reminder, payment has still not been made, the Proprietor charges interest as from the expiry of the final due date specified in the invoice. This interest equals the statutory interest. 6. Extrajudicial costs incurred by the Proprietor to enforce payment of a Parent’s debt can be charged to the Parent. The amount of the extrajudicial collection costs will be governed by statutory limitations. 7. A payment made will firstly serve to settle the costs and interest owed and thereupon to settle the longest outstanding debts.

Payment; Late Payment. Unless otherwise established by mutual agreement of the parties, all payments due hereunder to GTM shall be paid as follows: (a) 33% deposit upon order, (b) 33% upon confirmation of completion of the Products by GTM, and (c) remainder upon confirmation of shipment (with “confirmation” in each case being a manner reasonably agreed upon by the parties). Unless otherwise agreed by the parties, all Products will be delivered F.O.B. GTM's (or its supplier's) facility or other place of shipment. Master Distributor or Authorized Customers referred or procured through the efforts of Master Distributor will pay and be responsible for all charges, including without limitation transportation charges, insurance premiums, taxes (except GTM's income taxes), duties, costs of compliance with export and import controls and regulations, and other governmental assessments. Master Distributor may reject any partial shipment or any shipment, or any portion thereof, which does not conform with the specifications for the Products, by providing GTM with notice of such rejection within 30 days of delivery of such Products to Master Distributor. Any amounts payable by Master Distributor or Authorized Customers referred or procured through the efforts of Master Distributor under this Agreement that remain unpaid after the due date for payment shall be subject to a late charge equal to the lesser of 1.5% per month or the maximum allowable by law, from the due date until the date of payment. All payments due GTM will be payable in United States currency. When Products are sold for moneys other than United States dollars, the money owed will first be determined in the foreign currency of the country in which the Products were sold, and then converted into equivalent United States currency. The exchange rate used for the conversion shall be that rate quoted in the Wall Street Journal (United States Edition) on the last business day before the invoice is issued.

Payment; Late Payment. 6.1 The Products shall be supplied at the prices indicated in the Sale Agreement. Unless otherwise provided for in writing, the prices of the Products are in Pounds, net of VAT. The Seller may, by giving notice to the Buyer at any time up to two Business Days before Incoterms EXW – Ex-Works – delivery, increase the price of the Products to reflect any increase in the cost of the Products that is due to: a) any request by the Buyer to change the delivery date(s), quantities or types of Products ordered, or the Specification; or b) any delay caused by any instructions of the Buyer or failure of the Buyer to give the Seller adequate or accurate information or instructions. 6.2 The payment shall be made by the Buyer strictly in accordance with the payment methods and terms provide for in the Sale Agreement. No payment shall be considered as being made by the Buyer until the relative amount has been credited to the bank account of the Seller. 6.3 Time for payment shall be of the essence. 6.4 If the Buyer is delinquent in its payment obligation to the Seller, the Seller may, upon written notice to the Buyer, withhold ongoing and future deliveries until all delinquent amounts and late interest are duly settled. If delinquent amounts remain unpaid 30 (thirty) calendar days after such written notice, then Seller may also, at its own discretion, in addition to any other remedy available under the law or pursuant to these GTCS: a) request accelerated payment of any and all remaining payments and declare due the total outstanding balance, even if payment by instalment or deferred payment has been agreed upon and/or bills of exchange, promissory notes, cheques or other payment documents have been issued and are falling due; b) carry out future deliveries of Products on a pre-payment basis only and/or set off the Buyer’s outstanding debt with the sums eventually due for any payment of other supplies; c) cancel discounts and bonuses that may have been agreed upon between the parties; and d) charge storage and inventory fees per week or part of it.

Payment; Late Payment. Buyer will pay for the Product(s) within thirty (30) days from shipment. No deductions or offsets are permitted. Amounts past due are subject to a service charge at the maximum rate of interest then‐permitted by law until paid. Buyer will pay all of Zeiss’s costs and expenses incurred in the collection of past due amounts, including reasonable collection agency or attorney’s fees, court filing fees and other costs and disbursements.

Payment; Late Payment. All invoiced Fees are due and payable by Customer as of the date of the applicable invoice. Customer shall pay to CAIRE the Fees as such Fees become due and payable as provided herein. Customer must notify CAIRE of any charge disputed in good faith, with supporting documentation, within thirty (30) days from the invoice date, or Customer will be deemed to agree to such charges and no adjustments to charges or invoices will be made. Customer shall continue to be responsible to pay for the charges by the due date, other than those charges that are being reasonably disputed in good faith. All invoices are fully earned when due and non-refundable when paid. Any payments not received by CAIRE within thirty (30) days after the date of the applicable invoice will be considered past due and will accrue a late fee of 1.5% per month (or, if less, the highest amount allowed by applicable law) for failure to pay such invoiced amount within thirty (30) days of the applicable invoice date and for each thirty (30) day period thereafter that such amounts remain past due and owing. Customer will reimburse CAIRE for all costs, including reasonable attorneys’ fees, court costs, bank charges and other consequential fees and expenses, if CAIRE utilizes CAIREview of a collections agency or attorney to collect any amounts due and unpaid hereunder. If any check tendered by Customer is returned for insufficient funds, Customer will pay, in addition to the invoice amount and any interest due, an NSF fee equal to the greater of $35 or five percent of the amount of the check.

Payment; Late Payment. 8.1. Unless agreed by SOTRAD WATER to the contrary, all payments shall be made in belgium without any possible deduction, whether through offsetting, claim against SOTRAD WATER, discount or otherwise, except if SOTRAD WATER has agreed to the deduction in writing in advance. The banking charges will be borne by the Customer. 8.2. If the Customer fails to pay any sum due pursuant to the Contract, all the invoices issued by SOTRAD WATER and all other sums payable to SOTRAD WATER shall fall due automatically. 8.3. Any amount not paid on the date due shall accrue interest as of right without any reminder or notice, at the monthly rate of 1% calculated per day, until payment is made in full. This amount shall be increased by a flat-rate contractual indemnity equal to 0.1% of the unpaid amount, with a minimum of €250, to cover the administrative costs. The Customer shall moreover compensate SOTRAD WATER for any and all legal fees incurred to recover any amounts payable by the Customer. Without prejudice to the rights of and compensation payable to SOTRAD WATER, the latter may cancel any delivery of Goods and/or provision of Services to come in the event of non-payment. 8.4. If the Customer does not accept the delivery of Goods ready to be delivered or if SOTRAD WATER cannot deliver the Goods in due course because the Customer has not provided the appropriate instructions, documents, licences or permits (or for any other reason attributable to the Customer): - the Goods shall be deemed to have been delivered; - the risks relating to the Goods shall be transferred to the Customer as of the time that said Goods were ready to be delivered, and - SOTRAD WATER could put the Goods in storage until their delivery, whereby all related expenses shall be borne exclusively by the Costumer. 8.5. SOTRAD WATER can demand the return of all goods held by the customer, at the customer's expense; 8.6. SOTRAD WATER can terminate the contract entered into, with costs payable by the customer.

Payment; Late Payment. This Note shall be payable in lawful money of the United States. Any payment that is more than 10 days late shall be subject to a late fee of 1.5% of the payment amount.

Payment; Late Payment. 20.1 The amounts owed by the Parent are collected by CompaNanny in monthly instalments using advance payment on the collection date indicated on the invoice unless otherwise indicated or agreed. 20.2 All other (additional) services and products will be invoiced and collected afterwards. 20.3 Using a SEPA Direct Debit authorisation, the parent gives permission to pay the amount due for childcare and/or (additional) services and products (Art. 20.1 and 20.2 of these Additional Terms and Conditions) from the Parent's account. If no permission is given for a continuous SEPA authorisation, CompaNanny reserves the right to charge administration costs per (digital) invoice. 20.4 If the Parent changes the Contract or terminates the Contract and more childcare hours have been used than the Parent is entitled to under the Contract, CompaNanny will invoice the hours afterwards. 20.5 If the Parent changes the Contract or terminates the Contract and fewer childcare hours have been used than the Parent is entitled to under the Contract, no refund will be made in cash or in care for childcare hours already paid for. 20.6 If the Parent has not made the payment on the collection date, CompaNanny will send a written payment reminder to the Parent after this payment date. CompaNanny will allow the Parent to pay within fifteen (15) days of receipt of this payment reminder. Furthermore, in subsequent payment reminders, CompaNanny will warn the Parent of any consequences of late payment, such as extrajudicial collection costs, statutory interest and possible termination of the Contract. 20.7 If the Parent fails to pay within the 15-day period as stated in the previous provision (Article 20.6 of these Additional Terms and Conditions), CompaNanny will send the Parent a notice of default with a request to make payment and a warning that the Contract may be terminated by CompaNanny if payment is not made. 20.8 Statutory interest will be charged from the moment the Parent is in default. CompaNanny reserves the right to outsource the collection of the amount due if the Parent is in default. If claim(s) remain unpaid for two (or more) months after the invoice date, CompaNanny may terminate the Contract with immediate effect. 20.9 The legal collection costs incurred by CompaNanny in connection with outsourcing its claim will be recovered from the Parent. 20.10 CompaNanny does not pay interest on prepaid amounts.

Payment; Late Payment. 6.1. The sending or the delivery of an invoice is a request for payment of the amount shown on the invoice. 6.2. Absent a written stipulation by infiniDome to the contrary, invoices are due and payable within thirty (30) days of the date of the invoice. 6.3. All payments to be made by Client will be made in full without any set-off, restriction or condition and without any deduction or withholding for or on account of any counterclaim or any present or future taxes, levies, duties, charges, fees, deductions or withholdings of any nature, unless Client is required by law to make any such deduction or withholding. 6.4. In the event of default or late payment by the Client of all or a portion of an invoice, infiniDome reserves the right, without notice or other action, to undertake any or all of the following remedies: 6.4.1. Suspend the delivery of Products, the provision of Services and the performance of its other obligations to the Client; 6.4.2. Call due all other invoices of the Client, including those that are not yet due; 6.4.3. Increase the sum due by up to 12% of the invoice amount as a penalty; and/or 6.4.4. Charge interest in the amount of 1.5% per month from and after the due date of the invoice. 6.5. Without prejudice to what is stipulated above in Section 6.4, infiniDome has the right to terminate any agreement or order by written notice to the Client in the event that the Client remains in default with respect to its obligations hereunder.