Automatic Payment; Fees; Late Charges. In addition to the other amounts you agree to pay in this Lease, you agree to pay the following: (i) Automatic Payment Discount: If you make your Monthly Payments by allowing us to automatically debit your checking or savings account, then you will receive a discount of $7.50 on your Monthly Payments. The Monthly Payments listed in Section 4 of this Agreement reflect this discount. If you do not allow the automatic debit, this discount will not be applied to your Monthly Payments and each Monthly Payment will be $7.50 greater; (ii) Returned Check Fee: $25 (or such lower amount as required by law) for any check or withdrawal right that is returned or refused by your bank; and (iii) Late payments: accrue interest at twelve percent (12%) annually or the maximum allowable by applicable law.
Appears in 6 contracts
Samples: Solar Lease Agreement, Lease Transfer Agreement, Solarlease Agreement
