Delinquency Charges Sample Clauses
Delinquency Charges. Past due invoices will be subject to a delinquency charge of 1.5% of the amount in arrears per month, or the legal limit, whichever is less. Industry Service Provider agrees to pay all costs of collection of delinquent accounts, including reasonable attorney’s fees, as permitted by law.
Delinquency Charges. To the extent any charge or amount is due hereunder, and are not paid within 10 days of its due date, the Borrowers shall pay to the Administrative Agent for the benefit of the Lenders a delinquency charge calculated thereon at the rate of 1½% per month for the period of delinquency or, at the Administrative Agent’s option, 5% of such past due amounts, provided that such delinquency charge is not prohibited by law, otherwise at the highest rate the Borrowers can legally obligate themselves to pay and/or the Administrative Agent or Lenders can legally collect (provided such delinquency charges may not exceed those set out herein).
Delinquency Charges. If Textron has not received the full amount of any Monthly Fees, or other charges due and payable to Textron under this Agreement, by the end of 25 calendar days after the date it first became due, Licensee shall pay interest equal to one (1%) percent per month or the maximum rate permitted by law, whichever is less, with respect to such unpaid amounts.
Delinquency Charges. Xxxxx agrees to pay a delinquency charge on any installment in default, in whole or in part, for a period of not less than 10 days in an amount of 5% of the full installment or $10, whichever is more. In addition, Xxxxx agrees to pay court costs, reasonable attorneys’ fees, and if permitted by law, reasonable collection agency fees incurred by Xxxxxx in the collection of the indebtedness payable under this contract and the enforcement of the terms and provisions of this contract.
Delinquency Charges. For each Rental Payment or other sum due hereunder which is not paid when due, Lessee agrees to pay Lessor a delinquency charge calculated thereon at the higher of: i) the rate of 1½% per month for the period of delinquency or, ii) at Lessor’s option, 5% of such Rental Payment or other sum due hereunder, provided that such a delinquency charge is not prohibited by law.
Delinquency Charges. If the Borrower fails to pay any amount due under this Note for thirty (30) days after such payment becomes due, the Lender may, at its option, whether immediately or at the time of final payment of the amounts evidenced by this Note, impose a delinquency or “late” charge equal to five (5) percent of the amount of such past due payment, notwithstanding the date on which such payment is actually paid in full. To the extent permissible by law, the Borrower and Lender agree that any such delinquency charges shall not be deemed to be additional interest or penalty, but shall be deemed to be liquidated damages because of the difficulty in computing the actual amount of damages in advance.
Delinquency Charges. If Tenant fails to make any payment due to Landlord under this Lease within ten (10) days after the due date thereof, Tenant shall pay to Landlord a delinquency charge in the amount of One Hundred Dollars ($100.00) to reimburse landlord for its administrative expenses resulting from the late payment. Any delinquency charge shall be payable on the eleventh (11th) day following the due date for the payment to which any charge is applicable. The payment of any delinquency charge shall not excuse or cure any default by Tenant under this Lease.
Delinquency Charges. Amounts not paid when due shall accrue interest from the date due until paid at the rate of 1 1/2% per month, or the maximum interest permitted by applicable laws, whichever is less.
Delinquency Charges. For each Rental Payment or other sum due under this Lease which is not paid when due, Lessee agrees to pay Lessor a delinquency charge calculated thereon at the rate of 1 1/2% per month for the period of delinquency or, at Lessor's option, 5% of such Rental Payment or other sum due under this Lease, provided that such a delinquency charge is not prohibited by law, otherwise a the highest rate Lessee can legally obligate itself to pay and/or Lessor can legally collect. Lessee agrees to reimburse Lessor immediately upon demand for any amount charged to Lessor by any depository institution because a check, draft or other order made or drawn by or for the benefit of Lessee is returned unpaid for any reason and, if allowed by law, to pay Lessor an additional handling charge in the amount of $25.00 or in the event applicable law limits or restricts the amount of such reimbursement and/or handling charge, the amounts chargeable under this provision will be limited and/or restricted in accordance with applicable law. Lessee's Initials ----------------- /s/ KDN ----------------- Original for CitiCapital
Delinquency Charges. The amount of all principal and (to the extent permitted by then applicable law) all interest which is not paid when due (whether on a stated payment date or by acceleration) shall bear interest, from the time such amount becomes due until payment thereof in full, at a rate which is equal to 12% or the maximum rate of interest, if lower, permitted by applicable law.