Common use of LATE CHARGE RATE Clause in Contracts

LATE CHARGE RATE. The Late Charge Rate shall be two (2) percent per month of the amount in arrears for the period such amount remains unpaid (provided, however, that if such rate exceeds the highest rate permitted by applicable law, then the Late Charge Rate shall be the highest rate permitted by applicable law).

Appears in 3 contracts

Samples: Master Lease Agreement (Labor Ready Inc), Equipment Lease Agreement (NPR Inc), Master Lease Agreement (Applied Extrusion Technologies Inc /De)

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LATE CHARGE RATE. The Late Charge Rate shall be two five (25%) percent per month of the amount in arrears for the period such amount remains unpaid (provided, however, that if such rate exceeds the highest rate permitted by applicable law, then the Late Charge Rate shall be the highest rate permitted by applicable law).

Appears in 1 contract

Samples: Master Lease Agreement (Zosano Pharma Corp)

LATE CHARGE RATE. The "Late Charge Rate Rate" shall be two (2) percent per month of the amount in arrears for the period such amount remains unpaid (provided, however, that if or such rate exceeds the highest rate lesser amount as may be permitted by applicable law, then the Late Charge Rate shall be the highest rate permitted by applicable law).

Appears in 1 contract

Samples: Aircraft Lease Agreement (Airship International LTD)

LATE CHARGE RATE. The Late Charge Rate shall be two eighteen (218) percent per month annum of the amount in arrears for the period such amount remains unpaid (provided, however, that if such rate exceeds the highest rate permitted by applicable law, then the Late Charge Rate shall be the highest rate permitted by applicable law).

Appears in 1 contract

Samples: Master Lease Agreement (Caraustar Industries Inc)

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LATE CHARGE RATE. The Late Charge Rate shall be two (2) percent per month of the amount in arrears for the period such amount remains unpaid (provided, however, that if such rate exceeds the highest rate permitted by applicable law, then the Late Charge Rate shall be the highest rate permitted by applicable law).

Appears in 1 contract

Samples: Master Lease Agreement (Alliance Holdings GP, L.P.)

LATE CHARGE RATE. The Late Charge Rate shall be two one and one-half (21 1/2) percent per month of the amount in arrears for the period such amount remains unpaid (provided, however, that if such rate exceeds the highest rate permitted by applicable law, then the Late Charge Rate shall be the highest rate permitted by applicable law).

Appears in 1 contract

Samples: Equipment Lease Agreement (Questech Inc)

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