Common use of Late Charge Fee Clause in Contracts

Late Charge Fee. In the event that any payment, including, without limitation, interest or principal, required to be made by the Borrower under the Revolving Credit Loan Note or under this Loan Agreement shall not be received by the Lender within ten (10) days of when due, the Lender may charge, and if so charged, the Borrower shall pay, to the extent permitted by law, a late charge of ($0.05) for each dollar ($1.00) of each delinquent payment for the purpose of defraying the expense incident to the handling of such delinquent payment, which late charge shall not exceed $1,500.00 per occurrence.

Late Charge Fee. In the event that any payment, including, without limitation, interest or principal, payment (other than a --------------- payment of principal and/or interest) required to be made by the Borrower under the Revolving Credit Loan Note or under this Loan Agreement shall not be received by the Lender within ten (10) days of when due, the Lender may charge, and if so charged, the Borrower shall pay, to the extent permitted by law, a late charge of ($0.05) for each dollar ($1.00) of each delinquent payment for the purpose of defraying the expense incident to the handling of such delinquent payment, which . In no event shall said late charge shall not exceed fee be less than ten dollars ($1,500.00 per occurrence10.00).

Late Charge Fee. In the event that any payment, including, without limitation, interest or principal, required to be made by the Borrower under the Revolving Credit Equipment Line of Credit/Term Loan Note or under this Loan Agreement shall not be received by the Lender within ten fifteen (1015) days of when due, the Lender may charge, and if so charged, the Borrower shall pay, to the extent permitted by law, a late charge of ($0.05) for each dollar ($1.00) of each delinquent payment for the purpose of defraying the expense incident to the handling of such delinquent payment, which . In no event shall said late charge shall not exceed fee be less than ten dollars ($1,500.00 per occurrence10.00).

Late Charge Fee. In the event that any payment, including, without limitation, interest or principal, required to be made by the Borrower under the Revolving Credit Loan Note or under this Loan Agreement shall not be received by the Lender within ten fifteen (1015) days of when due, the Lender may charge, and if so charged, the Borrower shall pay, to the extent permitted by law, a late charge of ($0.05) for each dollar ($1.00) of each delinquent payment for the purpose of defraying the expense incident to the handling of such delinquent payment, which . In no event shall said late charge shall not exceed fee be less than ten dollars ($1,500.00 per occurrence10.00).