Common use of Late Charge Clause in Contracts

Late Charge. Any repayment not paid within ten (10) days of its due date shall be subject to a late charge of 5% of the payment.

Late Charge. Any repayment payment not paid within ten (10) days of its after the date such payment is due date shall be subject to a late charge of fee equal to five percent (5% %) of the paymentamount overdue.