Late Charges; Acceleration Sample Clauses

Late Charges; Acceleration. Purchaser will pay a late charge on any overdue amounts calculated at the rate of one percent (1%) per month, accrued daily from the date due until paid. If such rate exceeds the maximum legal rate in the jurisdiction where a claim therefor is being asserted, the rate will be reduced to such maximum legal rate. The rights to late charges under this Agreement will be in addition to any other rights that Seller may have that are conferred by operation of law or in equity.
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Late Charges; Acceleration. [12] Purchaser will pay a late charge on any overdue amounts calculated at the lesser rate of (a) one percent (1%) per month or (b) maximum legal rate in the jurisdiction where a claim therefor is being asserted, accrued daily from the date due until paid. The rights to late charges under this Agreement will be in addition to any other rights that Seller may have that are conferred by operation of law or in equity. [13] In any action or proceeding to enforce any right or remedy for payment of monies owed by Purchaser under this Agreement, Seller will be entitled to recover its reasonable costs and expenses, including attorneys’ fees. 2.5
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Late Charges; Acceleration. [12] Purchaser will pay a late charge on any overdue amounts calculated at the lesser rate of (a) one percent (1%) per month or (b) maximum legal rate in the jurisdiction where a claim therefor is being asserted, accrued daily from the date due until paid. The rights to late charges under this Agreement will be in addition to any other rights that Seller may have [12] The purpose of this provision is to specify the calculation of late fees charged for Purchaser’s late payment. The Seller may consider the following language to discourage late payment by the Purchaser: “Purchaser shall not receive any right, title, or interest in or to the Assigned Patent Rights until Seller has received the Purchase Price under Section 2.2 in addition to a late charge calculated at the lesser rate of ” [13] In addition to late fees, this section may provide for termination of the Agreement in the event that the Purchaser does not pay within a certain amount of time.
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Related to Late Charges; Acceleration

  • Late Charge If a payment is 10 days or more late, Borrower will be charged 5.000% of the unpaid portion of the regularly scheduled payment.

  • Late Charges Lessee hereby acknowledges that late payment by Lessee to Lessor of rent and other sums due hereunder will cause Lessor to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Lessor by the terms of any ground lease, mortgage or deed of trust covering the Premises. Accordingly, if any installment of rent or other sum due from Lessee shall not be received by Lessor or Lessor's designee within ten (10) days after such amount shall be due, then, without any requirement for notice to Lessee, Lessee shall pay to Lessor a late charge equal to six percent (6%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Lessor will incur by reason of late payment by Lessee. Acceptance of such late charge by Lessor shall in no event constitute a waiver of Lessee's Default or Breach with respect to such overdue amount, nor prevent Lessor from exercising any of the other rights and remedies granted hereunder. In the event that a late charge is payable hereunder, whether or not collected, for three (3) consecutive installments of Base Rent, then notwithstanding Paragraph 4.1 or any other provision of this Lease to the contrary, Base Rent shall, at Lessor's option, become due and payable quarterly in advance.

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