Accrued penalties definition
Accrued penalties means the penalties (including accrued interest) due and payable to CAT by TMT in respect of the failure to obtain a minimum number of subscribers under the Marketing Agreement;
Examples of Accrued penalties in a sentence
Accrued penalties will not be deducted from awarded compensation.
Accrued penalties shall be added to principal amounts outstanding on a monthly basis.
Accrued penalties and/or interest on due payments shall be subtracted when calculating the compensation.
Accrued penalties will be added to and become part of the outstanding amount at monthly intervals.