Overdue Date definition
Overdue Date means the date on which the payment of an invoice due by a Subscriber to Arrowmail under these Terms & Conditions will be considered late and overdue if such payment has not been received by Arrowmail.
Overdue Date means, in relation to a Customer, the date falling (a) 60 days (or such other period as the Bank may from time to time specify) after the due date of each Debt in respect of which the Credit Cover Percentage is zero, or (b) such number of days after the due date of any other Debt as may from time to time be notified by the Bank to the Seller;
Examples of Overdue Date in a sentence
Any payment not paid when due hereunder or within thirty (30) days thereafter (the "Overdue Date"), shall bear interest at the rate of 10% per annum from the Overdue Date to the date paid in full.