Common use of CHARGE FOR LATE PAYMENT Clause in Contracts

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. 3.9.13.6.1. 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. 3.9.23.6.2. Accordingly, if any payment of Monthly 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. 3.9.33.6.3. 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. 3.9.43.6.4. 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. 3.9.13.8.1. 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. 3.9.23.8.2. 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. 3.9.33.8.3. 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. 3.9.43.8.4. 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. 3.9.13.8.1. Tenant hereby acknowledges that the late payment of Monthly Rent or any other sums due hereunder will cause County District 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. 3.9.23.8.2. Accordingly, if any payment of Monthly Rent or of any other sum due County District is not received by County District within three (3) business days of Tenant’s receipt of notice from County District 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 CountyDistrict. 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 Monthly Rent and any remaining amount to any other outstanding costs or charges. 3.9.33.8.3. Tenant and County District hereby agree that such late charges represent a fair and reasonable estimate of the costs that County District will incur by reason of Tenant’s late payment. Acceptance of such late charges (and/or any portion less than full amount of the overdue payment) by County District shall in no event constitute a waiver of Tenant’s default with respect to such overdue payment, or prevent County District from exercising any of the other rights and remedies granted hereunderhereunder until Tenant has paid such amounts in full. 3.9.43.8.4. In the event that Tenant makes two (2) late payments in any on twelve (12) month period, the Tenant shall thereafter pay rent Monthly 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 District may have at law or otherwise.

CHARGE FOR LATE PAYMENT. 3.9.13.7.1. 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. 3.9.23.7.2. 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. 3.9.33.7.3. 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. 3.9.43.7.4. 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.