Overdue Amounts definition

Overdue Amounts as defined in Section 2.6(c) of this Agreement.

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Overdue Amounts. Any amounts owing under the FFB Promissory Note that are not paid when and as due.

Overdue Amounts has the meaning set forth in Section 3.02(b).

Examples of Overdue Amounts in a sentence

• In no event shall the rate of interest on the Revolving Loans or the Swingline Loan, or the rate of interest applicable to Overdue Amounts, exceed the maximum rate of interest authorized by law.

• The Rectification Notice shall also include any Penalty applied in relation to the breach, as well as the value of other overdue amounts at the date (jointly the Overdue Amounts).

• We will not exercise Our rights under Section 3.5 [Overdue Amounts] or Section 3.7 [Suspension of Service] if You are disputing the applicable charges reasonably and in good faith and are cooperating diligently to resolve the dispute, however we reserve the right to set-off any overdue amounts against any amounts payable by Us to You or Your Affiliates.

• In no event shall the rate of interest on the Revolving Notes, Alternative Currency Notes or the rate of interest applicable to Overdue Amounts exceed the maximum rate of interest authorized by law.

• The Lessor shall also apply the relevant Late Payment Interest on such Overdue Amounts pursuant to this Agreement.

More Definitions of Overdue Amounts

Overdue Amounts. The Supplier may charge interest on overdue amounts. Interest will be calculated from the due date to the date of payment (both inclusive) at an annual percentage rate equal to the corporate overdraft reference rate (monthly charging cycle) applied by the Supplier’s primary trading bank as at the due date (or, if the Supplier’s primary trading bank ceases to quote that rate, then the rate which in the opinion of the bank is equivalent to that rate in respect of similar overdraft accommodation expressed as a percentage) plus 2% per annum.

Overdue Amounts. In respect of a Pool Debtor and for the purposes of sub-section 5.5, an amount shall be deemed to become overdue at the time at which the Pool Funds Administrator becomes aware that such Pool Debtor has not made or will not make by 12.30 hours payment in full to the credit of the Collection Account of such Pool Debtor of such an amount as it is required on such day to make and, for as long as the Credit Facility remains unconditionally available, the Pool Funds Administrator considers in good faith that the amount in default is not likely to be remedied on the next Business Day and the amount overdue shall be the amount of the Shortfall.

Overdue Amounts has the meaning assigned to such term in Section 2.18(c).

Overdue Amounts. Any overdue amounts secured by this Debenture shall carry interest at the rate and in accordance with the terms contained in the Loan Agreement in relation to overdue sums or such other rate as may be agreed between the Charging Company and the Agent. In each case, such interest shall accrue on a day to day basis to the date of repayment in full and, if unpaid, shall be compounded on the terms so agreed (or in the absence of such agreed terms) with monthly rests on the Agent's usual monthly interest days. Interest shall continue to be charged and compounded on this basis after, as well as before, any demand or judgment.

Overdue Amounts means any fees, charges, or expenses that are past due and not disputed in good faith.

Overdue Amounts. Any overdue amounts secured by this Share Charge shall carry interest at the rate and in accordance with the terms contained in the UK Loan Documents in relation to overdue sums provided under Section 2.6(c) of the Loan Agreement or at such other rate agreed between the Chargor and Agent from time to time. In each case, such interest shall accrue on a day to day basis to the date of repayment in full and, if unpaid, shall be compounded on the terms so agreed (or in the absence of such agreed terms with monthly rests on Agent's usual monthly interest days). Interest shall continue to be charged and compounded on this basis after as well as before any demand or judgment.

Overdue Amounts. We may charge interest on overdue amounts. Interest will be calculated f rom the due date to the date of payment (both inclusive) at a rate of 1.5% per month.