Late Payment Date definition
Examples of Late Payment Date in a sentence
The Initial Factoring Fee (i) on the Late Payment Date or (ii) the date on which a Purchased Account is closed, whichever is earlier.
The Factoring Fee, for each Factoring Fee Period, computed from the end of the Initial Factoring Fee Period and (i) until the Late Payment Date or (ii) the date on which a Purchased Account is Closed, whichever is earliest.
The total payment for each semester of your agreement will be due on the payment due date (8/1 for the fall, 12/1 for the spring and 5/1 for summer.) If full payment has not been made by the Late Payment Date, then you are subject to additional fees, as outlined above.
If, for any reason, full payment of all housing, meal and related charges has not been made by the Late Payment Date (which will be designated as October 15th for the fall semester, March 15th for the spring semester and July 1st for the summer semester, effective fall 2016), then a one-time LATE PAYMENT FEE will be applied.
In addition, if any such past due installment of Base Rent or Tenant’s Proportionate Share of Excess Operating Costs or payment of Additional Rent is not paid within the 30 day period following the Late Payment Date or within any subsequent 30 day period, such past due installment or payment shall be subject to an additional late charge in the same amount for each such 30 day period until paid.