Late Payment definition

Late Payment means any amount that is due and payable by law under a written procurement contract, without deferral, delay, or set-off under COMAR 21.02.07.03, and remains unpaid more than 45 days after an agency receives a Proper Invoice.
Late Payment means a fee payment which is postmarked after the due date.
Late Payment. If the required minimum payment due under this Agreement is not paid within five days after the Closing Date subsequent to the Payment Due Date, your account may be charged, and you agree to pay, LATE CHARGE of $25.00. No further late charges will be imposed after this Agreement has become due and payable in full due to default as specified in the section of the Agreement entitled “Default.

Examples of Late Payment in a sentence

  • Late payment interest rate: 8% p.a. plus Bank of England base rate.


More Definitions of Late Payment

Late Payment. A payment is late if you do not pay at least an amount equal to the Minimum Monthly Payment by the Payment Due Date. • RETURNED PAYMENT: A payment that is not honored by your financial institution.
Late Payment means payment not made within the contractual or statutory payment period as set out in Article 3;
Late Payment means any payment made to the Company or its authorized agent after the due date printed on the bill.
Late Payment means payment not made within the contractual or statutory period of payment and where the conditions laid down in Article 3(1) or Article 4(1) are satisfied;
Late Payment means Borrower's failure to pay any amount hereunder ------------ when due, without giving effect to any cure period, if any.
Late Payment. Charges: I understand and agree that if I fail to pay my student account bill or any monies due by the scheduled due date, Fontbonne University will assess a late fee of $25.00 per month until my past due account is paid in full.
Late Payment has the meaning given to it in clause 5.3 (a);