Common use of Annual Survey Clause in Contracts

Annual Survey. Company shall complete Lender’s annual compliance survey within 30 days of receipt of such compliance survey from Lender by Company for the applicable year. For each time Company fails to submit an annual compliance survey within 30 days after the date on which it is due, Company will automatically, and without notice from Lender, be assessed a $500 service charge and each such service charge will bear interest at the rate set forth in Section 12.7 from the date such service charge arises (i.e., 30 days after delivery of the compliance survey by Lender (or its representatives) to Company).

Annual Survey. Company shall complete Lender’s annual compliance survey within 30 thirty (30) days of receipt of such compliance survey from the Lender by the Company for the applicable year. For each time the Company fails to submit an annual compliance survey within 30 days after the date on which it is due, the Company will automatically, and without notice from the Lender, be assessed a $500 service charge and each such service charge will bear interest at the rate set forth in Section 12.7 from the date such service charge arises (i.e., 30 days after delivery of the compliance survey by the Lender (or its representatives) to the Company).

Annual Survey. Company shall complete Lender’s annual compliance survey within 30 thirty (30) days of receipt of such compliance survey from Lender by Company for the applicable year. For each time Company fails to submit an annual compliance survey within 30 days after the date on which it is due, Company will automatically, and without notice from Lender, be assessed a $500 service charge and each such service charge will bear interest at the rate set forth in Section 12.7 from the date such service charge arises (i.e., 30 days after delivery of the compliance survey by Lender (or its representatives) to Company).