Common use of Interest, Penalties, and Administrative Costs Clause in Contracts

Interest, Penalties, and Administrative Costs. The Creditor Agency has complied with all of the provisions of 31 U.S.C. § 3717 and 31 CFR § 901.9, as well as other statutes, regulations, agreements, and/or policies applicable to Creditor Agency’s assessment of interest, penalties, and administrative costs on the Debt. The Creditor Agency has provided a written notice to the Debtor explaining the Creditor Agency’s requirements concerning the assessment of interest, penalties, and administrative costs.

Interest, Penalties, and Administrative Costs. The Creditor Agency has complied with all of the provisions of 31 U.S.C. § 3717 and 31 CFR § 901.9, as well as other statutes, regulations, agreements, and/or and policies applicable to Creditor Agency’s assessment of interest, penalties, and administrative costs on the Debt. The Creditor Agency has provided a written notice to the Debtor explaining the Creditor Agency’s requirements concerning the assessment of interest, penalties, and administrative costs.