Late Payment Interests definition

Late Payment Interests means the interest applicable under section 9.1.
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Late Payment Interests means the interest applicable under section 8.1 which shall be equal to fifty per cent (50%) of the Compensatory Interest rate.
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Examples of Late Payment Interests in a sentence

  • Any payments not made when due shall accrue interest in accordance with the Norwegian Late Payment Interests Act (NO: forsinkelsesrenteloven) from the due date until the date payment is made.

  • In the event that TIARN is unable to settle any part of 50% the Phase 2 Land Price in accordance with Section 2.5.3.3 (iv)(d) or any part of the Phase 2 Project Entitlement in accordance with Section 2.5.3.3 (v), TIARN shall be entitled to an automatic extension of 3 months commencing from the expiry of the applicable payment periods subject to the payment of Late Payment Interests on the relevant outstanding amount for the extended period until the date of full payment.

  • Late- Payment Interests on the overdue amount shall accrue from the due date (inclusive) up to the actual payment date (exclusive).

  • From the amount paid, the Managing General - Partner will be entitled to deduct the applicable Late Payment Interests incurred up until the date of issuing the Class D Shares.

  • All Late Payment Interests under this Clause 9 will start to accrue on the next calendar day after the Instalment repayment is due but not paid until the day such Instalment repayment is paid (not inclusive).

  • If the Buyer does not meet the Energy Payment under the terms set forth in Provision 12 (Economic Transactions), payments terms, charges and interests due to the late payment shall be exclusively set pursuant to the provisions set forth in Chapter 5 of The Procedures, in full agreement with Provision 23.1 (Late Payment Interests), and Provision 6.1 of the FODER Trust Adhesion Agreement.12.6 Seller’s Account.

Related to Late Payment Interests

  • Late Payment Interest means and refer to interest on a particular Late Payment at the Default Rate.

  • Late Payment Fee means the excess of the Price Differential paid as a result of its calculation at the Post-Default Rate over the Price Differential as would have been calculated at the Pricing Rate.

  • 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.

  • Delayed Payment Interest Rate means the national average annual rate of interest payable on jumbo six-month bank certificates of deposit, as quoted in the business section of the most recently published Sunday edition of The New York Times preceding the Executive’s separation from service.

  • Investment interest means investment interest as defined in section 163(d)(3) of the Internal Revenue Code.

  • Settlement Interest Rate means, for the first calendar quarter or portion thereof during which interest accrues, the rate determined by the Receiver to be equal to the equivalent coupon issue yield on twenty-six (26)-week United States Treasury Bills in effect as of Bank Closing as published in The Wall Street Journal; provided, that if no such equivalent coupon issue yield is available as of Bank Closing, the equivalent coupon issue yield for such Treasury Bills most recently published in The Wall Street Journal prior to Bank Closing shall be used. Thereafter, the rate shall be adjusted to the rate determined by the Receiver to be equal to the equivalent coupon issue yield on such Treasury Bills in effect as of the first day of each succeeding calendar quarter during which interest accrues as published in The Wall Street Journal.

  • Aggregate Payments as defined in Section 7.2.

  • Late Payment Rate As defined in the Insurance Agreement.

  • Month End Interest As defined in each Servicing Agreement.

  • Late Payment Surcharge shall have the meaning ascribed thereto in Article 10.3.3 of this Agreement;

  • Class UT-R Interest The residual interest in the Upper-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Late Payment Charge means the charge that is applied when either Party fails to remit payment for any charges by the Bill Due Date, or if payment for any portion of the charges is received after the Bill Due Date, or if payment for any portion of the charges is received in funds which are not immediately available or received by either Party as of the Bill Due Date, or if either Party does not submit the Remittance Information.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Current Interest With respect to each Class of Certificates and any Distribution Date, the aggregate amount of interest accrued at the applicable Certificate Interest Rate during the related Accrual Period on the Class Principal Amount or Class Notional Amount, as applicable, of such Class prior to any distributions of principal, allocations of Realized Losses or allocations of Certificate Writedown Amounts prior to such Distribution Date.

  • Interest Amount means, in relation to a Note and an Interest Period, the amount of interest payable in respect of that Note for that Interest Period;

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Class C Additional Interest is defined in Section 4.1(c).

  • Note Payment Date means any date on which principal of or interest on any Note is payable.

  • Class E Interest Rate means 4.67% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Accrued Interest Amount For any Distribution Date and for any Undercollateralized Group, an amount equal to one month’s interest on the applicable Principal Deficiency Amount at the Net WAC of the applicable Loan Group, plus any interest accrued on such Undercollateralized Group remaining unpaid from prior Distribution Dates.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Capped Interest Rate is defined in the Note, if applicable.

  • Class B Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).