Common use of DOE Late Penalty Charge Clause in Contracts

DOE Late Penalty Charge. If the Borrower fails to pay in accordance with the terms of the FFB Credit Facility Documents, this Agreement or any other Loan Document (whether at scheduled maturity, as a mandatory prepayment, following an Alternate Amortization Event or otherwise) any principal of or interest on the DOE Guaranteed Loan when such principal or interest is due and payable, the Borrower shall pay to DOE the DOE Late Penalty Charge no later than three (3) Business Days after such amounts become due and payable. All amounts payable to DOE under this Section 3.6 shall be paid in accordance with Section 3.4(f) (Payment of Credit Subsidy Cost and Fees).

DOE Late Penalty Charge. If the Borrower fails to pay in accordance with the terms of the FFB Credit Facility Documents, this Agreement or any other Loan Document (whether at scheduled maturity, as a mandatory prepayment, following an Alternate Amortization Event by acceleration or otherwise) any principal of or interest on the DOE Guaranteed Loan when such principal or interest is due and payable, the Borrower shall pay to DOE the DOE Late Penalty Charge no later than three (3) Business Days after such amounts become due and payable. All amounts payable to DOE under this Section 3.6 shall be paid in accordance with Section 3.4(f) (Payment of Credit Subsidy Cost and Fees).