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.

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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. 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."

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.

• 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.

• In the event of late payment, the Vendor is entitled to interest on the amount due for payment pursuant to Act No. 100 of 17 December 1976 relating to Interest on Overdue Payments, etc.

• In the event of late payment, the Supplier is entitled to interest on the amount due for payment pursuant to Act No. 100 of 17 December 1976 relating to Interest on Overdue Payments, etc.

• If the Customer fails to make payment by the agreed time, the Consultant 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.

More Definitions of Overdue Payments

Overdue Payments. Place and Application of Payments••••• 7 Payments by the Executing Agency on behalf of the Borrower••••••••••••••• 8 Withdrawal and Application of Loan•••• 8 Period of Disbursement••••••••••••••• 9

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.

Overdue Payments mean, at a point in time, any Payments (regardless of amount) whatever that were due for payment by the Licensee pursuant to Clause by that point in time but which, as at that point in time, have not been made and completed in full and in cleared funds to the Account in accordance with Clause .6

Overdue Payments. Any rental due to Lessor under this Master Lease Agreement, if not paid within fifteen (15) days of its due date, shall accrue interest from the due date at the rate of eighteen percent (18%) per annum or the maximum rate allowable by law, whichever is less. Any other amounts payable to Lessor by Lessee under this Master Lease Agreement or any Equipment Schedule are due and payable within fifteen (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 the rate of eighteen percent (18%) per annum or the maximum rate allowable by law, whichever is less.

Overdue Payments the LESSOR shall have the right to claim the payment of interest on all outstanding amounts owed by the LESSEE at an annual rate equal to the average prime rate posted daily for its Canadian dollar commercial loans by the principal chartered bank or caisse populaire with which the LESSOR conducts business, increased by five percent (5%) until said amounts are paid in full, without prejudice to its other rights and remedies.

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. 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.