Interest & Attorney’s Fees. If Tenant fails to pay the City any amounts payable under this Agreement when due, following receipt by Tenant of notice thereof from the City, such past-due payments shall bear interest from the date due until paid at the rate of six percent (6%) per annum. In addition, Tenant shall pay all reasonable out-of-pocket costs and expenses of collection (including court costs and reasonable attorneys’ fees) incurred by the City in collecting sums due under this Agreement.
Interest & Attorney’s Fees. In the event of default in the payment of any amounts owed hereunder, interest at a rate per annum equal to the lesser of (i) the Prime Rate plus one and one-half percent (1.5%) and (ii) the maximum rate permitted by applicable law, will be assessed on the unpaid balance from the date payment was due. In the event that Seller, following a default in payment of amounts owed by a Buyer, seeks representation of counsel with regard to the collection of such payments, the applicable Buyer also agrees to pay all fees, expenses and costs of collection incurred by Seller, including reasonable attorneys’ fees. If any action is necessary to enforce or interpret the terms of this Agreement or any other related documents, the prevailing Party shall be entitled to reasonable attorneys’ fees, costs, and necessary disbursements in addition to any relief to which it may be entitled. “Prime Rate” means the rate announced from time to time by Xxxxx Fargo Bank, National Association (or any successor thereto or other major money center commercial bank agreed to by the parties hereto) at its New York, New York office as its prime rate or base rate for U.S. Dollar loans in the United States of America in effect on the date of determination.
Interest & Attorney’s Fees. In the event of default in the payment of any amounts owed hereunder, interest at the rate of 1.5% per month or the maximum legal rate, whichever is less, will be assessed on the unpaid balance from the date payment was due. In the event that this account is placed in the hands of an attorney for collection, Buyer also agrees to pay all fees, expenses and costs of collection incurred by Seller, including reasonable attorneys’ fees.
Interest & Attorney’s Fees. (a) All Minimum Rent, additional rent, other rent, and any other costs, expenses, sums or amounts payable or reimbursable hereunder by Tenant to Landlord shall be deemed to be rental hereunder whether or not designated as such, which, if not promptly paid on or before the date due, time being of the essence, shall bear interest at the rate of two percentage points in excess of the prime rate published in the Wall Street Journal or its successor (but in no event higher than the highest rate enforceable by law) from the due date until paid.
Interest & Attorney’s Fees. 45 14.13 Remedies...........................................................45 14.14 Authority..........................................................45 14.15 No Partnership, Etc................................................45 14.16
Interest & Attorney’s Fees. (a) Unless the payment of interest is otherwise provided in any provision or clause hereof, in the event either party fails to make any payment due to the other under this Agreement for more than five (5) days after the date such payment is due, then such payment shall accrue interest at the rate of seven percent (7%) per annum from the date such payment was due until the date such payment (including such interest thereon) is made in full.
Interest & Attorney’s Fees. Any sums due hereunder and not paid by XXXXXX & NOBLE when due shall bear interest at the rate of one percent (1%) per month until paid. CUESTA COLLEGE shall be entitled to recover from XXXXXX & XXXXX all costs and expenses, including reasonable attorneys’ fees, incurred by CUESTA COLLEGE in enforcing this Agreement, in addition to any damages to CUESTA COLLEGE. CUESTA COLLEGE shall also have the right to seek and obtain an injunction against any breach of any provision of this Agreement.
Interest & Attorney’s Fees. Should Customer fail to pay any Lease Charges when due, Customer shall be liable for interest on such delinquent amounts at the rate of one and one-half percent (1.5%) per month or the maximum permissible rate allowed in the jurisdiction in which Customer’s principal place of business is located, whichever is lower, from the date on which payment was due until paid. If Penske initiates legal action against Customer as the result of an Event of Default, Penske shall be entitled to reimbursement from Customer of all expenses of collection and reasonable attorneys’ fees.
Interest & Attorney’s Fees. Xxxxx agrees that all payments still owing after the due date may be charged interest at the rate of eighteen percent (18%) per annum (or at the maximum rate permitted under applicable law) from the due date. Should all or any portion of the indebtedness be required to be collected by or through an attorney, AmSig may collect from Buyer all collection costs, including attorney’s fees and related expenses of collection and repossession of the Equipment if required. AmSig may also offset amounts due under this Agreement against any amounts AmSig may owe to Buyer.
Interest & Attorney’s Fees. Any rental payment or other payment required to be paid by Lessee hereunder, if not paid within five (5) days of the due date, shall bear interest from the date the same became due until the date payment is received by Lessor at the rate of 1.5% per month (18% per annum). If Xxxxxx fails to pay any rental payment or any other payment required to be paid by Xxxxxx hereunder and the same is collected through the services of an attorney at law, Xxxxxx shall pay to Lessor attorney’s fees and all reasonable expenses of the litigation.
