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.

Appears in 15 contracts

Samples: Note and Security Agreement (Penn America Group Inc), Promissory Note and Security Agreement (Penn America Group Inc), Note and Security Agreement (Penn America Group Inc)

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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, Xxxxxx 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.

Appears in 1 contract

Samples: Loan Agreement

Late Charge for Overdue Payments. If the Lender Bank has not received the full -------------------------------- amount of any monthly payment within fifteen by the end of ten (1510) calendar days after its due datethe date it is due, Borrower will pay the Lender a late charge to Bank in the amount of six percent (46%) percent of the overdue payment. This Borrower will pay this late charge will be paid with the only once on any late payment.

Appears in 1 contract

Samples: Indemnity Agreement (Prolong International Corp)

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.

Appears in 1 contract

Samples: Loan Agreement (Pelican Properties International Corp)

Late Charge for Overdue Payments. If the Lender Bank has not received the full amount of any monthly payment within fifteen by the end of ten (1510) calendar days after its due datethe date it is due, Borrower will pay the Lender a late charge to Bank in the amount of three percent (43%) percent of the overdue payment. This Borrower will pay this late charge will be paid with the only once on any late payment.

Appears in 1 contract

Samples: Oakley Inc

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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.

Appears in 1 contract

Samples: sjrein.com

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.

Appears in 1 contract

Samples: Loan Agreement

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