Late Payment Charge definition
Examples of Late Payment Charge in a sentence
The rate of interest shall be the greater of the customer deposit interest rate or the Company's applicable Late Payment Charge.
The Late Payment Charge shall be in an amount specified by the billing Party which shall not exceed a rate of one-and-one-half percent (1.5%) of the overdue amount (including any unpaid previously billed Late Payment Charges) per month.
In the case of a charge that the Disputing Party disputes, but which charge is resolved in the billing Party’s favor, the foregoing Late Payment Charge shall accrue from and after the payment Due Date in the original Invoice for the amounts that were disputed until the Billing Party receives the subject payment.
If we do not receive at least the required Minimum Payment Due on or before the Payment Due Date, we may assess a Late Payment Charge.
Amounts due to the billing Party (including, without limitation, amounts that are not paid by the Disputing Party where the dispute is resolved in favor of the billing Party) that are not paid by the payment Due Date shall be subject to a Late Payment Charge (as defined below) in accordance with the terms of Section 6 of this Attachment.