Late Penalty definition

Late Penalty means the penalty charged by the Lessor to the Lessee due to the Lessee’s delay in paying the Rent and other payables, which is calculated from the day on which such Rent and other payables are due as agreed to the actual payment thereof. The specific calculation method shall be subject to the Lease Schedule.
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Late Penalty means the charge for failure to pay any Cannabis Excise Tax owed to the City by its due date.
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Late Penalty. Any payment of rent or other charges received after 10 days from due date will be assessed a late charge of five percent (5%) on the total amount due.
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Examples of Late Penalty in a sentence

  • The Corporation may offer a deferred payment plan to a Member who cannot pay an outstanding balance in full and is willing to pay the balance in reasonable installments as determined by the Corporation, including any Late Penalty Fees or interest on the monthly balance to be determined as per agreement.

  • Late Penalty Fee of 3% of the gross charges, subject to a minimum charge of $9.00.

  • Unapproved late submissions will be penalised in line with the University policy specified in Late Penalty (under student) at the link above.

  • If any bill is not so paid, the City has the right to assess a Late Penalty and suspend service in accordance with its Customer Service Policies.

  • The Late Penalty shall commence on the first day following the determined due date of the Report.

  • Bills not paid by the 10th of the month shall be assessed a 5% Late Penalty Charge.

  • For any late submissions accepted, THA shall impose a Compliance Late Penalty (see Appendix E) for each day the submission is late.

  • The Corporation may offer a deferred payment plan to a Member or rental tenant who cannot pay an outstanding balance in full and is willing to pay the balance in reasonable installments as determined by the Corporation, including any Late Penalty Fees or interest on the monthly balance to be determined as per agreement.

  • Late Penalty - If Sections I/II papers or Sections III/IV papers are submitted late (whether you choose to do the Community Service Report or the Psychological Investigation Report), you will receive a 10-point deduction per day as calculated at 11:59 PM.

  • In the event the Borrower fails to pay the overdue payment and Late Penalty prior to the date when the next regular monthly payment is due under this Note, the Borrower shall be assessed an additional Late Penalty on the overdue amount.


More Definitions of Late Penalty

Late Penalty. A late penalty of 10% will be added to your current bill amount, if the bill is not paid by 4:00 p.m. on the 15th of each month. Terminate Service: Only an accountholder listed on an account can terminate service. Verification of personal identifying information will be required. Termination of service will be disconnected the next two working days or at a later specified date, excluding weekends and holidays. Returned Payments: Returned payments will be charged a $30.00. Unpaid returned payments will be subject to disconnection. Checks will no longer be accepted on accounts having two returned payments. Payments will be required in the form of cash, money order, or debit/credit cards.
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Late Penalty. All rents due on the first shall be received by Lessor on or before the tenth (10/th/) of each month. Lessor will impose a Late Penalty of one and one-half percent (1.5%) per month, each month on the balance owed and not received by the fifth or twentieth of each month.
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Related to Late Penalty

  • Prepayment Penalty With respect to each Mortgage Loan, the amount of any premium or penalty required to be paid by the Mortgagor if the Mortgagor prepays such Mortgage Loan as provided in the related Mortgage Note or Mortgage.

  • eligible penalty means a judgment, penalty or fine awarded or imposed in, or an amount paid in settlement of, an eligible proceeding;

  • Civil penalty means a penalty which is imposed on a credit provider by the operation of this Act and under which the debtor is not liable to pay to the credit provider an amount otherwise payable under a regulated contract.

  • CAISO Penalties means any fees, liabilities, assessments, or similar charges assessed by the CAISO for (a) violation of the CAISO Tariff and all applicable protocols, WECC rules or CAISO operating instructions or orders or (b) as a result of Seller’s failure to follow Prudent Electrical Practices. “CAISO Penalties” do not include the costs and charges related to Scheduling and imbalances as addressed in Section 14.1 of this Agreement.

  • Statutory Penalties are those amounts awarded as a penalty, but are fixed in amount by statute.

  • Administrative penalty means a monetary fine imposed by the division for acts or

  • 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 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.

  • Late Payment Rate As defined in the Insurance Agreement.

  • Prepayment Penalty Amount With respect to any Remittance Date, all prepayment penalties, penalty or yield maintenance premiums or charges paid by the obligors under the Mortgage Notes due to Principal Prepayments collected by the Servicer during the immediately preceding Prepayment Period.

  • Prepayment Penalty Schedule A data field in the Mortgage Loan Schedule attached hereto as Exhibit A which sets forth the amount or method of calculation of the Prepayment Penalty Amount and the term during which such Prepayment Penalty Amount is imposed with respect to a Mortgage Loan.

  • Published Penalties means any additional published cancellation penalties levied by Your travel agency or Travel Supplier that apply to all clients of the travel agency or Travel Supplier and can be documented at time of Your purchase of Travel Arrangements from Your travel agency. The maximum amount reimbursable for travel agency published penalties is 25% of the total trip cost excluding taxes and other non-commissionable items.

  • Data Protection Impact Assessment means an assessment by the Controller of the impact of the envisaged processing on the protection of Personal Data;

  • Chargeable Event means, in relation to the Awards:

  • Base premium rate means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under the rating system for that class of business by the small employer carrier to small employers with similar case characteristics for health benefit plans with the same or similar coverage.

  • State premium tax liability means any liability

  • Delinquent act means (i) an act designated a crime under the law of this Commonwealth, or an

  • Reportable Modified Mortgage Loan Any Mortgage Loan that (i) has been subject to an interest rate reduction, (ii) has been subject to a term extension or (iii) has had amounts owing on such Mortgage Loan capitalized by adding such amount to the Stated Principal Balance of such Mortgage Loan; provided, however, that a Mortgage Loan modified in accordance with clause (i) above for a temporary period shall not be a Reportable Modified Mortgage Loan if such Mortgage Loan has not been delinquent in payments of principal and interest for six months since the date of such modification if that interest rate reduction is not made permanent thereafter.

  • Minimum Mortgage Rate With respect to each Adjustable-Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the minimum Mortgage Rate thereunder.

  • Premium tax means a tax paid by insurance companies to provincial and territorial governments calculated as a percentage of gross premiums written.

  • Title XIX means title XIX of the social security act, 42 USC 1396 to 1396w-5.

  • Prepayment Premiums Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.

  • Mortgage Rate The annual rate of interest borne by a Mortgage Note from time to time.

  • Modified Mortgage Loan Any Mortgage Loan that has been the subject of a Servicing Modification.

  • Environmental Assessment Act means the Environmental Assessment Act, R.S.O. 1990, c.E.18.

  • Parent of a covered servicemember means a covered servicemember’s biological, adoptive, step or foster father or mother, or any other individual who stood in loco parentis to the covered servicemember. This term does not include parents “in law.”