Late Payments definition

Late Payments then Company may provide University with a written dispute notice (“Dispute Notice”). In the case of (i) and (ii) above such Dispute Notice must be received by University prior to expiration of the 60-day cure period referenced in Section 9.2Termination by University”, stating the basis of Company’s disagreement with respect to such default or cure. In the case of (iii) above such Dispute Notice must be received by University within thirty (30) days of being charged a late fee for such disputed amount. If Company disputes that a default has occurred as contemplated in Section 9.3Events of Default”, then Company may provide University with a Dispute Notice within thirty (30) days of University sending the notice of termination referenced in Section 9.3 “Events of Default”. Upon receipt of a Dispute Notice, University’s right to terminate this Agreement or demand payment of late fees will be suspended and all rights under this Agreement will continue unaffected provided the dispute resolution process in this Section 13.4 “Escalation; Dispute Resolution” is being exercised. Any dispute will first be escalated to Company’s Chief Executive Officer or to a representative from Company’s Board of Directors, and to University’s Vice President for Innovation Strategy, representatives of which will be instructed to work in good faith to attempt to reach a mutually acceptable resolution of the dispute that would avoid termination of this Agreement. If the representatives are unable to reach such resolution of the dispute within thirty (30) days of delivery of the Dispute Notice, an independent, neutral mediator acceptable to both Parties (acting reasonably) will be appointed. The Parties will submit their dispute to mediation according to such parameters as they may mutually agree in writing. The Parties agree to discuss their differences in good faith and to attempt in good faith, with facilitation by the mediator, to reach an amicable resolution of the dispute within thirty (30) days after the mediator’s appointment. If the Parties are not able to agree on resolution of the dispute within such period, or within ninety (90) days of the Dispute Notice, whichever is earlier, including agreeing on a new Performance Milestone pursuant to Section 5.2Renegotiation of Performance Milestones” if that is the subject of the dispute, then the dispute resolution process of this Section 13.4 “Escalation; Dispute Resolution” will be complete and either Party may pursue any o...
Late Payments. Any payment that delays the reduction of your balance will increase your total interest cost. We may accept late payments, partial payments, checks, or money orders marked “payment in full” or may delay enforcing any of our rights without forfeiting them and such action on our part shall not constitute a waiver of our rights.
Late Payments. All invoices shall be paid in full within 30 days. Any unpaid balance shall incur a late charge of 2%. In the event you fail to make payments (including late charges) when due, Ottawa may, in its sole discretion, withhold all goods or services that you have ordered from Ottawa until payment is received, and may require C.O.D. payments from you in the future.

Examples of Late Payments in a sentence

  • Any non-payment of the Independent Amount is considered a Payment Breach pursuant to Section 16.11.6, Payment Breach and Late Payments by Market Participants.

  • Timeliness of payment and any interest for late payment to be paid to the Contractor(s) is governed by Appendix B, Clause 62, Contract Xxxxxxxx (as amended) and Clause 64, Interest on Late Payments.

  • Interest on Late Payments......................................................................................

  • Timeliness of payment and any interest to be paid to the Contractor(s) is governed by Xxxxxxxx X, §00, Contract Xxxxxxxx and 64, Interest on Late Payments.

  • The County may offset any overpayment or disallowance of any invoice by reducing future payments.3.6. Interest on Late Payments.


More Definitions of Late Payments

Late Payments. An account is considered delinquent the second day after the payment due date. If payment is not received by pick up the second day, the child will not be able to return the next day unless payment is made in full. Otherwise, payments after the due date will be considered late and will be charged a $5.00 per day late fee.
Late Payments. We understand that sometimes life happens. If a family is more than 30 days late in making a payment and payment arrangements have not been made, then your child will not be allowed to attend the Extended Day Program and families will need to make other arrangements.
Late Payments. Late payments on charges (that are not under reasonable and good-faith dispute) are subject to a late payment interest charge of 1.5% per month.... Should it become necessary for Xxxxx Ontrack to undertake collection activities Client also agrees to pay all costs of collection, including but not limited to reasonable legal fees. Client understands that Xxxxx Ontrack reserves the right to suspend performance of and/or terminate its Services at any time if Client fails to pay Xxxxx Ontrack’s invoices in a timely manner.
Late Payments are defined as any payments not received within 5 days of completing the work by Contractor to Owner. In addition to interest on past due payments, Contractor shall be entitled to recover the sum of $30 for any check tendered to Contractor by Owner that is returned NSF. No warranty will be issued to Owner until full payment has been received by Contractor. Contractor shall be entitled to payment of reasonable attorney’s fees, costs, and expenses incurred in enforcement of this Agreement.
Late Payments. Late fees will be charged on any overdue electric and/or camping charges. Camping late fees will be charged $5.00 per month per $100 outstanding. Electric payments are due before the end of each month. Electric late fees will be added to the electric bills at the rate of $2.00 per month in arrears. Checks returned NSF or Redeposited Checks: There is a $25 bookkeeping fee.
Late Payments. For any payment that is not paid within five (5) days after its due date, Tenant shall pay a late fee of $50.00. HOLDOVER: If Tenant maintains possession of the Premises for any period after the termination of this Lease (“Holdover Period”), Tenant shall pay to Landlord lease payment(s) during the Holdover Period at a rate equal to 150% of the most recent rate preceding the Holdover Period. Such holdover shall constitute a month-to-month extension of this Lease.
Late Payments. As defined in Section 4 hereof.