CHARGE FOR LATE PAYMENT. TENANT hereby acknowledges that the late payment of rents or any other sums due hereunder will cause COUNTY 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, administrative processing of delinquent notices, increased accounting costs, and lost interest income. Accordingly, if any payment of rent as specified in Section 4.01 (RENT) or of any other sum due COUNTY is not received by the due date, a late charge of five percent (5%) of the payment due and unpaid, plus one hundred dollars ($100) shall be added to the payment. The total sum shall become immediately due and payable to COUNTY. An additional charge of five percent (5%) of said payment, excluding late charges, shall be added for each additional month that said payment remains unpaid. TENANT and COUNTY hereby agree that such late charges represent a fair and reasonable estimate of the costs that COUNTY will incur by reason of TENANT’s late payment. Acceptance of such late charges (and/or any portion of the overdue payment) by COUNTY shall in no event constitute a waiver of TENANT’s default with respect to such overdue payment, or prevent COUNTY from exercising any of the other rights and remedies granted hereunder.
CHARGE FOR LATE PAYMENT. TENANT hereby acknowledges that the late payment of rents or any other sums due hereunder will cause COUNTY 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, administrative processing of delinquent notices, increased accounting costs, and lost interest income. Accordingly, if any payment of rent as specified in Section 4.01 (RENT) or of any other sum due COUNTY is not received by COUNTY by the due date, a late charge of one and one-half percent (1.5%) of the payment due and the total sum shall become immediately due and payable to COUNTY. An additional charge of one DocuSign Envelope ID: F6DB3F7F-F4DA-465E-8268-F0BD05F2922B DocuSign Envelope ID: 090506F9-0BD1-49B1-9A7D-72F42E1D4D88 and one-half percent (1.5%) of said payment, excluding late charges, shall be added for each additional month that said payment remains unpaid. TENANT and COUNTY hereby agree that such late charges represent a fair and reasonable estimate of the costs that COUNTY will incur by reason of TENANT’s late payment. Acceptance of such late charges (and/or any portion of the overdue payment) by COUNTY shall in no event constitute a waiver of TENANT’s default with respect to such overdue payment or prevent COUNTY from exercising any of the other rights and remedies granted hereunder.”
CHARGE FOR LATE PAYMENT. Section 4.05 shall be deleted and replaced with the following:
CHARGE FOR LATE PAYMENT. 3.9.1. Tenant hereby acknowledges that the late payment of Rent or any other sums due hereunder will cause County 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 costs such as administrative processing of delinquent notices, increased accounting costs, etc.
3.9.2. Accordingly, if any payment of Rent or of any other sum due County is not received by County within three (3) business days of Tenant’s receipt of notice from County that such payment is due, a late charge of one and one-half percent (1.5%) of the payment due and unpaid plus $100 shall be added to the payment, and the total sum shall become immediately due and payable to County. An additional charge of one and one-half percent (1.5%) of said payment, excluding late charges, shall be added for each additional month that said payment remains unpaid. Any payments of any kind by Tenant that are returned for insufficient funds will be subject to an additional handling charge of Two Hundred Fifty Dollars ($250.00). Payments will be first applied to accrued late payment, second to accrued interest, then to Rent and any remaining amount to any other outstanding costs or charges.
3.9.3. Tenant and County hereby agree that such late charges represent a fair and reasonable estimate of the costs that County will incur by reason of Tenant’s late payment. Acceptance of such late charges (and/or any portion of the overdue payment) by County shall in no event constitute a waiver of Tenant’s default with respect to such overdue payment, or prevent County from exercising any of the other rights and remedies granted hereunder.
3.9.4. In the event that Tenant makes two (2) late payments in any on twelve (12) month period, the Tenant shall thereafter pay rent in quarterly installments in advance at the request and sole discretion of the Chief Real Estate Officer, in addition to any other remedies that the County may have at law or otherwise.
CHARGE FOR LATE PAYMENT. Client shall pay a 1.5% late charge per month, calculated from the first day of the month on all non-fully paid amounts that are past due.
CHARGE FOR LATE PAYMENT. Licensee hereby acknowledges that late payment of sums due hereunder will cause County to incur costs not contemplated by this License, the exact amount of which will be extremely difficult to ascertain. Such costs include but are not limited to costs such as administrative processing of delinquent notices, increased accounting costs, etc. Accordingly, if any payment pursuant to this License is not received by County by the due date, a late charge of 1.5% of the payment due and unpaid plus One Hundred Dollars ($100) shall be added to the payment and the total sum shall become immediately due and payable to County. An additional charge of 1.5% of said payment, excluding late charges, shall be added for each additional month that said payment remains unpaid. Licensee and County hereby agree that such late charges represent a fair and reasonable estimate of the costs that County will incur by reasons of Licensee's late payment. Acceptance of such late charges (and/or any portion of the overdue payment) by County shall in no event constitute a waiver of Licensee's default with respect to such overdue payment, or prevent County form exercising any of the other rights and remedies granted hereunder.
CHARGE FOR LATE PAYMENT. XXXXXXXX POWER and COUNTY hereby acknowledge that the late payment of any sums due under this Agreement will cause the COUNTY to incur costs not contemplated by this Agreement, the exact amount of which will be extremely difficult to ascertain. Such costs include but are not limited to costs such as administrative processing of delinquent notices, increased accounting costs, etc. Accordingly, if any payment of any sum due to the COUNTY under this Agreement is not received by the COUNTY within thirty (30) days after the due date, a late charge of [***] of the payment due and unpaid shall be added to the payment, and the total sum shall become immediately due and payable to the COUNTY. An additional charge of [***] of said payment, excluding late charges, shall be added for each additional month that said payment remains unpaid. Any and all payments (including partial payments) made by XXXXXXXX POWER to the COUNTY must first be applied to any unpaid late charge(s) before reducing the payment (whether current or delinquent) due. XXXXXXXX POWER and COUNTY hereby agree that such late charges represent a fair and reasonable estimate of the costs that the COUNTY will incur by reason of a late payment. Acceptance of such late charges (and/or any portion of the overdue payment) by the COUNTY shall in no event constitute a waiver of any default with respect to such overdue amount hereunder. The charges for late payment set forth in this Section 2.3 shall accrue and be due and payable whether or not specifically referenced in any individual section of this Agreement.
CHARGE FOR LATE PAYMENT. Other remedies for non-payment of rent notwithstanding, any installment of Rent which is not paid within ten (10) days after the due date shall be subject, at Landlord's option each month, to a late charge equal to five percent (5%) of the amount due, which shall be payable as Additional Rent. Any installment of Basic Rent or Additional Rent not paid within thirty (30) days from the date due shall accrue interest at the rate of eighteen (18%) percent per annum (but in no event higher than the maximum rate allowed by law) until paid in full, which interest shall be deemed Additional Rent.
CHARGE FOR LATE PAYMENT. In the event any payment due to Landlord under this Lease is not made within 10 (ten) days of its due date, Landlord shall have the right to demand from Tenant and Tenant shall pay to Landlord on such demand a late charge in an amount equal to 0.1% of the amount in arrears per day of delay (“Penalty”). For the purpose of this Article, due date means date specified in Article 3.6 of this Lease for regular payments of Base Rent, Fixed Maintenance Charge, or the date specified in respective invoice for any other payment which is not listed in this Article.
CHARGE FOR LATE PAYMENT shall be deleted and replaced with the following: DocuSign Envelope ID: 1536AD4A-9AAD-470E-B390-90EA059E5B02 DocuSign Envelope ID: 638107A2-F6F2-4B4A-BD73-E7484F7BA084
