Common use of Late Charge Fee Clause in Contracts

Late Charge Fee. If a regularly scheduled payment is fifteen (15) days or more late, Borrower will be charged 5.000% of the unpaid portion of the regularly scheduled payment or $10.00, whichever is greater.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lounsberry Holdings Ii Inc), Loan and Security Agreement (Techprecision Corp)

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Late Charge Fee. If a regularly scheduled payment is fifteen twenty (1520) days or more late, Borrower will be charged 5.0005.0% of the unpaid portion of the regularly scheduled payment or $10.0025.00, whichever is greater., but in no event more than One Thousand ($1000.00)

Appears in 1 contract

Samples: Loan Agreement (Btu International Inc)

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Late Charge Fee. If a regularly scheduled payment is fifteen (15) days or more late, Borrower will be charged 5.0005.0% of the unpaid portion of the regularly scheduled payment or $10.0025.00, whichever is greater.

Appears in 1 contract

Samples: Credit Agreement (Hittite Microwave Corp)

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