Common use of Late Charges for Overdue Payments Clause in Contracts

Late Charges for Overdue Payments. If the Lender has not received any payment within ten (10) days after its due date, I will pay the Lender a late charge of 6% of the payment. This charge will be paid with the late payment, or else it will be deducted from the next payment.

Late Charges for Overdue Payments. If the Lender has not received any payment within ten (10) days after its due date, I will pay the Lender a late charge of 6% of the payment. This charge will be paid with the late payment, or else it will be deducted from the next payment.

Late Charges for Overdue Payments. If the Lender has not received the full amount of any monthly payment within ten (10by the end of Fifteen(15) calendar days after its due datethe date it is due, I will pay the Lender a late charge of 6% to the lender upon demand by the Lender. The amount of the payment. This charge will be paid with the dour percent (4%) of my overdue payment. I will pay this late charge only once on each late payment, or else it will be deducted from the next payment.