Collection Charges. LESSEE AGREES THAT TIME IS OF THE ESSENCE TO THIS LEASE. Accordingly, if any part of sum is not paid when due, LESSEE agrees to pay LESSOR upon demand; in the event any Monthly Lease Payment is not received within ten (10) days of the due date, a later charge on the Monthly Lease Payment equal to the grater of five (5%) or $15.00; and other amounts allowed by law.
Appears in 2 contracts
Samples: Lease Agreement (Visual Data Corp), Lease Agreement (Visual Data Corp)
Collection Charges. LESSEE AGREES THAT TIME IS OF THE ESSENCE TO THIS LEASE. Accordingly, if any part of any sum is not paid when due, LESSEE agrees to pay LESSOR upon demand; ;
a. in the event any Monthly Lease Payment is not received within ten (10) days of the due date, a later late charge on the Monthly Lease Payment equal to the grater greater of five percent (5%) or $15.0015; and and
b. other amounts allowed by law.
Appears in 1 contract
Collection Charges. LESSEE AGREES THAT TIME IS OF THE ESSENCE TO THIS LEASE. Accordingly, if any part of sum is not paid when due, LESSEE agrees to pay LESSOR upon demand; in the event any Monthly Lease Payment is not received within ten (10) days of the due date, a later charge on the Monthly Lease Payment equal to the grater of five (5%) or $15.00; and other amounts allowed by law.,
Appears in 1 contract
Samples: Lease Agreement (Visual Data Corp)
