LATE CHARGES definition

LATE CHARGES. All invoices are due and payable upon receipt. Any invoices not paid within thirty (30) days of the invoice date are subject to a one percent (1%) per month financing charge on any unpaid balance but only to the extent permitted by law.

LATE CHARGES means any late payment fees paid by Obligors on Contracts.

LATE CHARGES means the late charges and/or default rate charged to Borrower in the event of default or late payments under the "Loan Documents".

Examples of LATE CHARGES in a sentence

• Late Charges – Electing to have a late fee is a way landlords try to penalize a tenant for not paying their rent in a timely manner.

• Said charges shall be due and payable immediately upon notification to Resident of such instance, and shall be in addition to any Late Charges resulting from the check’s failure to be paid.

• Resident acknowledges the returned check charges and Late Charges specified herein represent an agreed upon charge for the administrative expense suffered by Owner as a result of such late payment and not payment for the use of money.

• In the event any Installment of Rent or other payment due hereunder is not paid in full at the property’s management office or electronically, on or before the Due Date, Resident shall pay Late Charges as set forth herein, which amount shall be considered as Additional Rent.

• Among other items, delinquent Rent payments and Late Charges, and the cost of labor and materials for cleaning and repairs in excess of “normal wear and tear” may be deducted from the Deposit.

More Definitions of LATE CHARGES

LATE CHARGES. Lessee hereby acknowledges that a late payment made by Lessee to Lessor of Rent and other sums due hereunder will cause Lessor to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges, which may be imposed on Lessor according to the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent or any other sum due from Lessee is not received by Lessor or Lessor's designee within ten (10) days after such amount is due, Lessee shall pay to Lessor a late charge equal to five (5%) percent of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Lessor will incur by reason of late payments made by Lessee. Acceptance of such late charges by Lessor shall in no event constitute a waiver of Lessee's default with respect to such overdue amount, nor shall it prevent Lessor from exercising any of the other rights and remedies granted hereunder.

LATE CHARGES. The Borrower will pay a charge of five (5%) percent of the amount of any payment which is not made within ten (10) days of its respective due date, or, if applicable, which cannot be debited from its account due to insufficient balance on the debit date.

LATE CHARGES means the interest, default interest or late payment premiums or penalties by the Mortgagor at any time and from time to time accrued and owing under the Note and the Note Purchase Documents.

LATE CHARGES. A late charge in an amount to be fixed by the Board in accordance with the then current laws of the State of California to compensate the Association for additional collection costs incurred in the event any assessment or other sum is not paid when due or within any "grace" period established by law;

LATE CHARGES. If any payment is not received by the Bank within ten (10) days after its due date, the Bank may assess and the Borrower agrees to pay a late fee equal to the greater of five percent (5%) of the past due amount or Twenty-Five and 00/100 Dollars ($25.00), but in any event not more than Fifteen Hundred and 00/100 Dollars ($1,500.00) per late charge to compensate the Bank for administrative expenses and other costs of delinquent payments. This late charge may be assessed without notice, shall be immediately due and payable and shall be in addition to all other rights and remedies available to the Bank. REPAYMENT OF PRINCIPAL. Prior to maturity, the Borrower will make principal payments in such amounts and at such times to insure that the outstanding principal balance of this Note does not exceed the limitations applicable to Line of Credit A set forth in the Credit Agreement (including without limitation Section 2.7 of the Agreement). In any and all events, a payment of all outstanding principal plus all accrued but unpaid interest shall be due and payable on July 1, 2010.

LATE CHARGES. All invoices are due and payable within 30 days upon receipt.

LATE CHARGES. If any amount under Lease is more than _____ days late, Tenant agrees to pay a late fee of $________. INSUFFICIENT FUNDS: Tenant agrees to pay the charge of $_____ for each check given by Tenant to Landlord that is returned to Landlord for lack of sufficient funds.