The agreement states that overdue amounts accrue interest automatically at 1.5% per month or the maximum legally permissible rate, whichever is lower, without requiring NVIDIA to provide notice of the interest accrual.
This analysis describes what NVIDIA NIM's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This provision establishes automatic interest accrual on overdue payments at a rate of 1.5% per month (equivalent to 18% annually before compounding), without any notice requirement, which may create significant financial exposure for enterprise customers experiencing payment processing delays or disputes.
Under this clause, any overdue payment under a direct NVIDIA Order Form automatically accrues interest at 1.5% per month without notice from NVIDIA, until the full amount is paid, subject to the maximum rate permitted by applicable law.
Cross-platform context
See how other platforms handle Interest on Overdue Payments and similar clauses.
Compare across platforms →"All amounts not paid when due will accrue interest (without the requirement of a notice) at the lower of 1.5% per month or the highest rate permissible by law until the unpaid amounts are paid in full. Fees do not include any taxes, duties or similar charges.Excerpt from NVIDIA NIM's Terms of Use
1) REGULATORY LANDSCAPE: The 1.5% per month interest rate may interact with applicable usury law or statutory interest rate limitations in certain jurisdictions, including EU member states and U.S.
Enforcement risk, jurisdiction flags, contract triggers, and due diligence action items.
Search "[your state] attorney general consumer complaint" to find your state's direct complaint form
Get the research letter
Companies change their terms quietly. We read every version and catch what actually changed. One email a week on the changes that matter and what they mean.
This provision establishes automatic interest accrual on overdue payments at a rate of 1.5% per month (equivalent to 18% annually before compounding), without any notice requirement, which may create significant financial exposure for enterprise customers experiencing payment processing delays or disputes.
Under this clause, any overdue payment under a direct NVIDIA Order Form automatically accrues interest at 1.5% per month without notice from NVIDIA, until the full amount is paid, subject to the maximum rate permitted by applicable law.
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by NVIDIA NIM.