Interest, Penalties, and Late Charges. 1. Without waiving any other right of action available to the Airports Authority in the event of default in payment of charges and fees hereunder, if the Contractor fails to make a payment when due and said failure continues for a consecutive period of thirty (30) Days, the Airports Authority will assess late charges. Late charges may consist of interest and penalties. Thereafter, late charges will be assessed for each additional 30-Day period or portion thereof that the payment is late.
Appears in 4 contracts
Samples: Lease and Contract, Lease and Contract, Lease and Contract
