Common use of Penalty for Late Payment of Funds Clause in Contracts

Penalty for Late Payment of Funds. (a) In the event that the Employer's Remittance is late arriving at the Local Union 280 In-Trust Desk after the 15th day of the month, as post marked, the administrator will advise the Employer in writing by registered mail within forty-eight (48) hours of any delinquency. If the In-Trust Desk has not received payment within forty-eight (48) hours of the employer receiving notification exclusive of Saturdays, Sundays and Statutory Holidays, a ten percent (10%) penalty shall be applied to the late payments to the appropriate contributions and/or deductions.

Penalty for Late Payment of Funds. (a) In the event that the Employer's Remittance is late arriving at the Local Union 280 Health and Benefits In-Trust Desk after the 15th day of the month, as post marked, the administrator adminis- trator will advise the Employer in writing by registered mail within forty-eight (48) hours of any delinquency. If the In-Trust Desk has not received payment within forty-eight (48) hours of the employer receiving notification exclusive of Saturdays, Sundays and Statutory Holidays, a ten percent (10%) penalty shall be applied to the late payments to the appropriate contributions con- tributions and/or deductions.

Penalty for Late Payment of Funds. (a) In the event that the Employer's Remittance is late arriving at the Local Union 280 In-Trust Desk after the 15th 151h day of the month, as post marked, the administrator Union will advise the Employer in writing by registered mail within forty-eight (48) hours of any delinquency. If the In-Trust Desk has not received payment within forty-eight (48) hours of the employer Employer receiving notification exclusive of Saturdays, Sundays and Statutory Holidays, a ten percent (10%) penalty shall be applied to the late payments to the appropriate contributions and/or deductions.

Penalty for Late Payment of Funds. (a) In the event that the Employer's Remittance is late arriving at the Local Union 280 Health and Benefit In-Trust Desk after the 15th day of the month, as post marked, the administrator will advise the Employer in writing by registered mail within forty-eight (48) hours of any delinquency. If the In-Trust Desk has not received payment within forty-eight (48) hours of the employer receiving notification exclusive of Saturdays, Sundays and Statutory Holidays, a ten percent (10%) penalty shall be applied to the late payments to the appropriate contributions and/or deductions.

Penalty for Late Payment of Funds. (a) In the event that the Employer's ’s Remittance is late arriving at the Local Union 280 Health Benefit Fund In-Trust Desk after the 15th day of the month, as post marked, the administrator will advise the Employer in writing by registered mail within forty-eight (48) hours of any delinquency. If the In-Trust Desk has not received payment within forty-eight (48) hours of the employer Employer receiving notification exclusive of Saturdays, Sundays and Statutory Holidays, a ten percent (10%) penalty shall be applied to the late payments to the appropriate contributions and/or deductions.

Penalty for Late Payment of Funds. (a) In the event that the Employer's ’s Remittance is late arriving at the Sheet Metal Workers’ (Local Union 280 In-280) In Trust Desk after the 15th day of the month, as post markedpostmarked, the administrator will advise the Employer in writing by double registered mail within forty-eight (48) hours of any delinquency. If the In-Trust Desk has not received payment within forty-eight (48) hours of the employer Employer receiving notification exclusive of Saturdays, Sundays and Statutory Holidays, a ten percent (10%) penalty shall be applied to the late payments to the appropriate contributions and/or deductions.

Penalty for Late Payment of Funds. (a) In the event that the Employer's ’s Remittance is late arriving at the Local Union 280 Health & Welfare In-Trust Desk after the 15th day of the month, as post marked, the administrator admin- istrator will advise the Employer in writing by registered mail within forty-eight (48) hours of any delinquency. If the In-Trust Desk has not received payment within forty-eight (48) hours of the employer Employer receiving notification exclusive of Saturdays, Sundays and Statutory Statu- tory Holidays, a ten percent (10%) penalty shall be applied to the late payments to the appropriate contributions contri- butions and/or deductions.