Common use of Late Charges Clause in Contracts

Late Charges. Interest at the rate of fifteen (15%) percent per annum [1¼ % per month] or the maximum allowed by State law will be assessed on all accounts more than thirty (30) days overdue.

Late Charges. Interest at the rate of fifteen eighteen (1518%) percent per annum [1¼ 1 1/2% per month] or the maximum allowed by State law will be assessed on all accounts more than thirty (30) days overdue.

Late Charges. Interest at the rate of fifteen percent (15%) percent per annum [1¼ % per month] annum, or the maximum allowed such lesser amount as may be required by State law applicable law, will be assessed on all accounts more than thirty (30) days overdue.