Common use of Late Payment Interest Clause in Contracts

Late Payment Interest. a) For each started day of delay in fulfilling a financial liability under this Agreement, the creditor has the right to charge the defaulting Party late payment interest on the outstanding sum in the amount determined by generally binding legal regulations.

Late Payment Interest. a) For each started day of delay in fulfilling a financial liability obligation under this Agreement, the creditor has the right to charge the defaulting Party late payment interest on the outstanding sum in the amount determined by generally binding legal regulations.

Late Payment Interest. a) For each started day of delay in fulfilling a financial liability under this Agreement, the creditor damaged Party has the right to charge the defaulting Party late payment interest on the outstanding sum in amount at the amount determined rate governed by generally binding legal regulations.

Late Payment Interest. a) For each started day of delay in fulfilling a financial liability under this Agreement, the creditor has the right to charge the defaulting Party late payment interest on the outstanding sum in the amount determined by generally binding legal regulations.

Late Payment Interest. a) For each started day of delay in fulfilling a financial liability obligation under this Agreement, the creditor damaged Party has the right to charge the defaulting Party late payment interest on the outstanding sum in amount at the amount determined rate governed by generally binding legal regulations.

Late Payment Interest. a) For each started day of delay in fulfilling a financial liability obligation under this Agreement, the creditor has the right to charge the defaulting Party late payment interest on the outstanding sum amount at the fixed rate of (1M PRIBOR + 2 %) / 360. The actual interest rate is regularly set on the first business day of each calendar month of the year and stays in effect for the amount determined by generally binding legal regulationsduration of the respective month.