Penalty For Late Payments. Many Lessors will seek to impose a penalty amount when the Lessee does not pay the equipment rental amount on time. If this will be the case, then the number of days after a missed payment’s due date should be set as a grace period made given to the Lessee. It will be expected that the first day the penalty is added to the Equipment Xxxxxx’s account will be the final day of the grace period. Additionally, a record of the exact penalty amount should be solidified in the statement being made. Once done, this statement shall declare that upon a certain number of days after the missed payment date, the penalty amount will be added to the Lessee’s bill. (11)
Penalty For Late Payments. Any amounts due and owing by Purchaser to Reliant under Sections 3.2 and/or 3.3 that are not paid in full by the respective payment dates provided therein shall accrue interest at the lower of (a) the “prime rate” as reported in The Wall Street Journal plus 400 basis points, and (b) the highest rate allowed under applicable law.
Penalty For Late Payments. Many Lessors will seek to impose a penalty amount when the Lessee does not pay the equipment rental amount on time. If this will be the case, then the number of days after a missed payment’s due date should be set as a grace period made given to the Lessee.
Penalty For Late Payments. Any payments described in this Section 4.04 or 579 elsewhere in the AGREEMENT that are received by the CITY after the due date will be assessed 580 a late penalty equal to twenty-five percent (25%) of the original amount due. Failure by 581 FRANCHISEE to pay both the original payment amount and the late penalty within thirty (30) days 582 of written notice of the delinquency by the CITY will be considered an event of default, and the 583 CITY may terminate the AGREEMENT immediately. 585 amount is in-fact the correct amount, nor shall such acceptance of payment be construed as a 586 release of any claim CITY may have against FRANCHISEE for any additional sums payable under 587 the provisions of this AGREEMENT. All amounts paid shall be subject to independent audit and 588 recompilation by CITY. If, after the audit, such recompilation indicates an underpayment 589 FRANCHISEE shall pay to CITY the amount of the underpayment and shall reimburse CITY for 590 all reasonable costs and expenses incurred in connection with the audit and recompilation within 591 ten (10) Work Days of receipt of written notice from CITY that such is the case. If, after audit, such 592 recompilation indicates an overpayment, CITY shall notify the FRANCHISEE in writing of the 593 amount of the overpayment, less costs and expenses incurred in connection with the audit and 594 recompilation. FRANCHISEE may offset the amounts next due following receipt of such written 595 notice by the amount specified therein. 596 ARTICLE 5. Minimum Diversion Requirements
Penalty For Late Payments. Many Lessors will seek to impose a penalty amount when the Lessee does not pay the equipment rental amount on time.
Penalty For Late Payments. Any payments described in this Section 4.04 or elsewhere in the AGREEMENT that are received by the TOWN after the due date of the fifteenth (15th) day of the month will be assessed a late penalty equal to twenty-five percent (25%) of the original amount due. Failure by FRANCHISEE to pay both the original payment amount and the late penalty within thirty (30) days of written notice of the delinquency by the TOWN will be considered an event of default, and the TOWN may terminate the AGREEMENT immediately.
Penalty For Late Payments. In the event the Company, for any reason, fails to make any payment due to Executive under this Section 2 within 10 business days of the date it is due, including, without limitation, amounts to be paid out of the escrow account contemplated by Section 2(d)(i), then the rate of interest on such payment shall increase to 18% per annum commencing on the due date of that installment and continuing at such rate until actual payment of such installment, and the Company shall also pay to Executive a late fee in the amount of 5% of that installment.
Penalty For Late Payments. Interest shall accrue on any past due amount (not subject to a Dispute Notice) at a rate of one and a half percent (1.5%) of the past due amount.
Penalty For Late Payments. Any payments described in this Section 4.04 or elsewhere in the Agreement that are received by the CITY after their due date will be assessed a late penalty equal to twenty-five percent (25%) of the original amount due. Failure by LICENSEE to pay both the original payment amount and the late penalty within thirty (30) days of being notified of the late payment by the CITY will be considered an event of default, and the CITY may terminate the Agreement immediately.
Penalty For Late Payments. Tenants who do not provide these documents with payment by MAY 1, 2024, shall forfeit their moorage and will be required to remove their boat from the Marina. TENANT CONTACT INFORMATION Name: Email: Berth #: Boat Name: Address: Home phone: City: Province: Cell Phone: Postal Code: Work phone: Vehicle License Plate #: Vehicle Make/Model: Please send all future correspondence to the email provided above. If this is not checked off, all future correspondence will be by mail or phone only. EMERGENCY CONTACT INFORMATION Name of Contact: Home Phone: Relationship: Email: Cell Phone: Work phone: AFTER MOORAGE IS RENEWED, ANY CHANGES TO THE ABOVE INFORMATION HAVE TO BE PROVIDED IN WRITING TO TOWN HALL. By signing below, the tenant: Has read and agrees to the “Town of Comox Municipal Marina Terms of Agreement and Rules & Regulations 2024/2025” (available online at xxx.xxxxx.xx) or hardcopy Initial above Initial above by request. Has provided a copy of the declarations page of their valid vessel insurance policy, clearly showing period of coverage, and adequate third-party liability coverage. The tenant agrees to provide a copy of the renewed policy within 1 month of expiration. Tenant signature above Date of signing The Town will not accept payment until provided with proof of adequate insurance and the tenant’s signature on this form indicating that you agree to the 2024/2025 Terms of Agreement and Marina Rules & Regulations. Tel: 000-000-0000 Fax: 000-000-0000 Email: xxxx@xxxxx.xx Address: 0000 Xxxxxxxx Xxxxxx Xxxxx, X.X. V9M 1R9
