Common use of Interest on late payment Clause in Contracts

Interest on late payment. If a payment is in arrears through no fault of the Supplier, the interest charged by the Supplier, if any, for any late payment shall not exceed the Bank of Canada’s prime rate, in effect on the date that the payment went into arrears.

Interest on late payment. If a payment is in arrears through no fault of the SupplierContractor, the interest charged by the SupplierContractor, if any, for any late payment shall not exceed the Bank of Canada’s prime rate, in effect on the date that the payment went into arrears.

Interest on late payment. SAMPLE If a payment is in arrears through no fault of the Supplier, the interest charged by the Supplier, if any, for any late payment shall not exceed the Bank of Canada’s prime rate, in effect on the date that the payment went into arrears.

Interest on late payment. 5.6.1. If a payment is in arrears through no fault of the Supplier, the interest charged by the Supplier, if any, for any late payment shall not exceed the Bank of Canada’s prime rate, in effect on the date that the payment went into arrears.

Interest on late payment. If a payment is in arrears through no fault of the Supplier, the interest charged by the Supplier, if any, for any late payment shall not exceed the Bank of Canada’s prime rate, rate in effect on the date that the payment went into arrears.

Interest on late payment. If a payment is in arrears through no fault of the SupplierConsultant, the interest charged by the SupplierConsultant, if any, for any late payment shall not exceed the Bank of Canada’s prime rate, in effect on the date that the payment went into arrears.

Interest on late payment. If a payment is in arrears through no fault of the Supplier, the interest charged by the Supplier, if any, for any late payment shall not exceed the Bank of Canada’s prime rate, rate in effect on the date that the payment went into arrears.. SAMPLE