Common use of CHARGE FOR LATE PAYMENT Clause in Contracts

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. TENANT XXXXXXXX POWER and COUNTY hereby acknowledges acknowledge that the late payment of rents or any other sums due hereunder under this Agreement will cause the COUNTY to incur costs not contemplated by this LeaseAgreement, the exact amount of which will be extremely difficult to ascertain. Such costs include, include but are not limited to, to costs such as administrative processing of delinquent notices, increased accounting costs, and lost interest incomeetc. Accordingly, if any payment of rent as specified in Section 4.01 (RENT) or of any other sum due to the COUNTY under this Agreement is not received by the COUNTY by within thirty (30) days after the due date, a late charge of one and one-half two percent (1.52.0%) 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 one DocuSign Envelope ID: F6DB3F7Feighty-F4DA-465E-8268-F0BD05F2922B DocuSign Envelope ID: 090506F9-0BD1-49B1-9A7D-72F42E1D4D88 and three one-half hundredths percent (1.50.83%) of said payment, excluding late charges, shall be added for each additional month that said payment remains unpaid. TENANT 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 TENANT’s 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 TENANT’s 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 prevent COUNTY from exercising not specifically referenced in any individual section of the other rights and remedies granted hereunderthis Agreement.”

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 unpaid, and the total sum shall become immediately due and payable to the 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.”. DocuSign Envelope ID: 08CCD167-7182-44C7-A078-64D298D335A9 DocuSign Envelope ID: 837CBD05-D7F3-442C-BEDC-53BBB97E8583

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, DocuSign Envelope ID: 9631E69A-D57B-44A6-82C5-2121F16CE10F DocuSign Envelope ID: E6C814B2-77EB-4FBA-9AC0-0702D2395E6A 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. 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: F6DB3F7F1536AD4A-9AAD-470E-F4DA-465E-8268B390-F0BD05F2922B 90EA059E5B02 DocuSign Envelope ID: 090506F9638107A2-0BD1F6F2-49B14B4A-9A7D-72F42E1D4D88 BD73-E7484F7BA084 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 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. DocuSign Envelope ID: F6DB3F7F-F4DA-465E-8268-F0BD05F2922B DocuSign Envelope ID: 090506F9-0BD1-49B1-9A7D-72F42E1D4D88 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.”