Overdue Payments definition

Overdue Payments. For each payment of Monthly Rent or other sum due hereunder that is not paid when due, and for each month in which such payment remains past due, Lessee agrees to pay FMA a delinquency charge at the rate of 1.5% of such payment, provided that such a delinquency charge is not prohibited by law, otherwise at the highest rate Lessee can legally obligate itself to pay and/or FMA can legally collect. Any sum due hereunder other than Monthly Rent shall be considered past due 5 days after the due date shown on FMA's invoice therefor.
Overdue Payments means, with respect to any Lease Contract, all ----------------- amounts received during any Collection Period which represent late payments or collections of Scheduled Payments due but delinquent for a previous Collection Period and not previously received.
Overdue Payments. If TRW fails to pay an amount to be paid to SmarTire hereunder within the period herein prescribed for such payment, the unpaid amount will bear interest at two percent (2%) above the prime lending rate as established by the Chase Manhattan Bank, N.A. of New York, New York, per annum, from the last day for payment until payment thereof is made to SmarTire.

Examples of Overdue Payments in a sentence

  • If the Customer fails to make payment by the agreed time, the Contractor shall be entitled to claim interest on any overdue amount, pursuant to the Act No. 100 of 17 December 1976 relating to Interest on Overdue Payments, etc.

  • National frameworks set the requirements for accreditation/register of qualification which should be considered for each country respectively, in addition to these guidelines.

  • If there are Overdue Payments outstanding for more than thirty (30) days, Modernizing Medicine reserves the right to suspend Users’ access to the Software until such amounts are paid in full.

  • Overdue and missing payments: Overdue payments will be charged with interest at the applicable rate under the Norwegian Act on Interest on Overdue Payments of 17 December 1976 no.

  • Should any Party fail to make any payment due hereunder at the time and in the manner provided for herein, the amount due shall bear interest for the period starting on and including the due date for payment and ending on, but excluding the value date for payment, calculated in accordance with the Law relating to Interest on Overdue Payments etc.,of 17 December 1976 no.

More Definitions of Overdue Payments

Overdue Payments. There are times when a client may have an outstanding balance due to a missed appointment or extra services requested. A current Credit Card # is required to be held on file for the client for any outstanding balances. The client will receive an invoice by mail and/or e-mail (client preference), and will have 30 (thirty) days to remit payment. If the payment is not received within 30 (thirty) days, the credit card on file will be charged.
Overdue Payments. . 7 Place and Application of Payments••••• 7 Payments by the Executing Agency on behalf of the Borrower••••••••••••••• 8 Withdrawal of Loan Withdrawal and Application of Loan•••• 8 Period of Disbursement••••••••••••••• 9
Overdue Payments. Any Monthly Rental due Lessor under this Master Lease, if not paid by the fifth day of the month in which payment became due, shall accrue interest until paid at a rate equal to one and one-half percent per month, or the maximum rate permissible by law, whichever is lower. Any other amounts payable to Lessor by Lessee under this Master Lease are due and payable within [15] days after the billing date, and, if not paid on or before such due date, shall accrue interest from the due date until paid at a rate equal to one and one-half percent per month, or the maximum rate permitted by law, whichever is lower. Any judgment entered on any amounts owed under this Master Lease or an Equipment Schedule shall accrue interest until paid at a rate equal to one and one-half percent per month, or the maximum rate permissible by law, whichever is lower.
Overdue Payments. In line 1, delete "fifth" and insert "tenth". In line 4, delete "fifteen [15]" and insert "thirty [30]." In lines 2, 5 and 6 (continuing to line 7), delete "and one-half."
Overdue Payments. If any sum remains outstanding on your account for at least two months and we have made three written demands for payment, we may disconnect the services to the Holiday Home until the outstanding sums are paid.
Overdue Payments. Any amount of Rent that is overdue shall bear interest at the lesser of: (a) the maximum rate payable by TENANT under State law; or (b) the rate of eighteen percent (18%) per annum from the date when such amount is due and payable under this Lease until the date paid.
Overdue Payments. 27. All monies due under this Lease from Lessee to Lessor shall be due on demand, unless otherwise specified and if not paid when due, shall result in the imposition of a service charge for such late payment in the amount of four percent (4%) of the amount due if rent not received by the tenth of the month.