Example ContractsClausesLate Payment
Late Payment
Late Payment contract clause examples

Late Payment. Any payments or portions thereof due hereunder which are not paid when due shall bear interest equal to the lesser of the rate equal to the ​ day U.S. dollar LIBOR rate effective for the date that payment was due, as published by The Wall Street Journal, Eastern U.S. Edition, on the date such payment was due, plus an additional ​, or, if less, the maximum rate permitted by Law, calculated on the number of days such payment is delinquent. This Section 6.5 shall in no way limit any other remedies available to either Party.

Late Payment. If a Party does not receive payment of any sum due to it on or before the due date, simple interest shall thereafter accrue on the sum due to such Party until the date of payment at the per annum rate of ​ percent (​) over the then-current prime rate quoted by Citibank in New York City or the maximum rate allowable by Applicable Law, whichever is lower. In the event Apellis desires to dispute in good faith any Invoice, or item(s) under any Invoice, Apellis will provide [[Bachem CH:Organization]] with a written notice setting forth the details of the disputed Invoice or item(s) and the amount in question. Apellis will timely pay to [[Bachem CH:Organization]] any other undisputed amounts on any such Invoice. The Parties will work together, in good faith, to resolve such dispute within ​ after such notice of dispute is sent. Apellis’ failure to pay an Invoice or item of an invoice that it disputes in good faith shall not constitute a material breach under this Agreement. If, notwithstanding such efforts, the Parties are unable to resolve a dispute within such ​ period, the Parties shall resolve such dispute pursuant to the provisions of Article 11. In the event the Parties have not resolved such a dispute within the ​ period set forth above and escalate such dispute for resolution pursuant to the provisions of Article 11, [[Bachem CH:Organization]] shall have the option to suspend work under this Agreement until the dispute is resolved.

Late Payment. Any payments or portions thereof due hereunder that are not paid when due will accrue interest from the date due until paid at an annual rate equal to ​ (or the maximum allowed by Applicable Law, if less).

Late Payment. Any payments due under this Agreement which are not paid by the date such payments are due under this Agreement shall bear interest to the extent permitted by applicable law at the prime rate per annum quoted by the Bank of America, or its successor, on the first business day after such payment is due, plus an additional ​, calculated on the number of days such payment is delinquent. This [Section 11.2] shall in no way limit any other remedies available to either Party.

Late Payment. If any payment due under the Supply Agreement is not paid when due in accordance with the applicable provisions of these Conditions, such payment shall accrue interest at a rate per annum that is ​ basis points (i.e., ​ percentage points) above the then-current prime rate quoted by Citibank in New York City (or such other rate and source as the Parties mutually agree in writing) for the period from the due date for payment until the date of actual

Late Payment. If any undisputed payment due under this Agreement is not paid when due in accordance with the applicable provisions of this Agreement, such payment shall accrue interest from the date due at the annual interest rate of ​ provided, however, that in no event shall such rate exceed the maximum legal annual interest rate. The payment of such interest shall not limit Dynavax from exercising any other rights it may have as a consequence of the lateness of any payment.

Late Payment. If Takeda does not receive payment of any undisputed amount due on or before the due date, simple interest shall thereafter accrue on the amount due to Takeda until the date of payment at the per annum rate of two percent (2%) over the then-current prime rate quoted by Citibank in New York City or the maximum rate allowable by Applicable Law, whichever is lower.

Late Payment. Subject to Section II(g) (Disputed Payments), any undisputed payments or portions thereof due hereunder which are ​ shall ​ equal to ​ of # the ​ to the ​ for the ​, as published by ​, on the ​, plus an ​, or # the ​ permitted by ​, calculated on ​.

Late Payment. In addition to the remedies set forth in Section 4.5 (Late Payment) of the Channel Terms, if Company fails to pay any royalty or other payment due under this IoT Disti PAX by the applicable due date, then Microsoft may:

Late Payment. If Company fails to cause the full invoice payment to be received by Microsoft by the payment due date, an audit reveals an underpayment, or Company takes an unauthorized Offset, Microsoft may take any (or any combination) of the following actions to the maximum extent permitted by Laws, and without waiving any other right or remedy it may possess:

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