Common use of Late Charge for Overdue Payments Clause in Contracts

Late Charge for Overdue Payments. If the Lender has not received any payment within fifteen (15) days after its due date, Borrower will pay the Lender a late charge of (4%) percent of the payment. This charge will be paid with the late payment.

Late Charge for Overdue Payments. If the Lender has not received any payment within fifteen (15) 15 days after its due date, Borrower will pay the Lender a late charge of (4%) percent calculated at 5% of the payment. This charge will be paid with monthly principal and interest payment in addition to the late paymentpayment that is past due.

Late Charge for Overdue Payments. If the Lender has not received any payment within fifteen (15) 30 days after its due date, Borrower I will pay the Lender a late charge of (4%) percent 1.00% of the payment. This charge will be paid with the late payment.

Late Charge for Overdue Payments. If the Borrower is transferring cash to the Lender for the payment of principal and interest and if the Lender has not received the full amount of any monthly payment within by the end of fifteen (15) calendar days after its due datethe date it is due, Lender may assess a late charge to the Borrower. The amount of the charge will be 1% of any overdue payment of principal and interest. Borrower will pay the Lender a this late charge of (4%) percent of the payment. This charge will be paid with the promptly but only once on each late payment.