Late Payment Amount definition
Late Payment Amount shall have the meaning set forth in Section 2.3.8.
Late Payment Amount as defined in Section 3.1.
Late Payment Amount has the meaning given to it in Clause 2.2.
Examples of Late Payment Amount in a sentence
The Principal shall have the right to provide written reasons promptly to the Agent requesting to quash its payment obligation of Late Payment Amount, and if the reasons are found satisfactory to the Agent, the Agent may decide to relieve by not demanding the Principal to pay and/or not deducting the Late Payment Amount from Principal’s account.
The Agent shall be permitted to deduct its actual costs and expenses incurred as a result of such late payment from the Late Payment Amount and shall transfer the balance of the Late Payment Amount to an Islamic charity of its choice as decided by its ISSC.
More Definitions of Late Payment Amount
Late Payment Amount means in relation to any Overdue Amount a late payment amount that is calculated on a daily basis in respect of the period from, and including, the due date for such Overdue Amount to, but excluding, the date of settlement in full of such Overdue Amount, as the product of: (i) 1% per annum; (ii) the Overdue Amount; and (iii) the number of days when such Overdue Amount is outstanding divided by 360.
Late Payment Amount has the meaning ascribed thereto in clause 15.12;
Late Payment Amount means any late payment amount paid by Almana pursuant to clause 3.5 of the Purchase Undertaking or clause 3.1 of the sale agreement as set out in the Schedule to the Sale Undertaking.
Late Payment Amount means an amount calculated by the Investment Agent equal to L in the equation: where: U is the Unpaid Sum;
Late Payment Amount means an amount payable by the Cardholder in relation to any amount not paid on the Payment Due Date as designated by RAKBANK from time to time and in accordance to these Terms and Conditions.
Late Payment Amount means an amount payable by the Cardholder in relation to any amount not paid on the Payment Due Date as designated by the Bank from time to time and in accordance to these Terms and Conditions. Late payment amount goes to the Charity account and distributed according to the FSSB guidelines.
Late Payment Amount means an amount payable by the Cardholder in