Common use of Late Fee Clause in Contracts

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (4%) of any payment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default.

Appears in 42 contracts

Samples: Loan Agreement (Thorne Healthtech, Inc.), Loan Agreement (R F Industries LTD), Loan Agreement (Zynex Inc)

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Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (4%) of any payment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default.)

Appears in 13 contracts

Samples: Credit Agreement Between Tejon Ranchcorp (Tejon Ranch Co), Business Loan Agreement (Calavo Growers Inc), Standard Loan Agreement (Point 360)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (4%) of any payment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s 's rights with respect to the default.

Appears in 12 contracts

Samples: Loan Agreement (Solitron Devices Inc), Loan Agreement (Software Acquisition Group Inc.), Loan Agreement (Remark Media, Inc.)

Late Fee. To the extent permitted by law, the Borrower agrees Borrowers agree to pay a late fee in an amount not to exceed four percent (4%) of any payment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default.

Appears in 7 contracts

Samples: Loan Agreement (Resources Connection Inc), Loan Agreement (Resources Connection Inc), Loan Agreement (Air T Inc)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (4%) of any payment that is more than fifteen (15) days late; provided ‘that such late fee shall be reduced to three percent (3%) of any required principal and interest payment that is not paid within fifteen (15) days of the date it is due the loan is secured by a first or subordinate lien on real property consisting of four or fewer separate households. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default.

Appears in 4 contracts

Samples: Loan Agreement (Wayfair Inc.), Loan Agreement (Wayfair Inc.), Loan Agreement (Wayfair Inc.)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four two percent (42%) of any payment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default.

Appears in 3 contracts

Samples: Credit Loan Agreement (Breeze-Eastern Corp), Loan and Security Agreement (Kewaunee Scientific Corp /De/), Loan and Security Agreement (Kewaunee Scientific Corp /De/)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four two percent (42%) of any payment installment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default.)

Appears in 2 contracts

Samples: Sunrise Telecom Inc, Cost Plus Inc/Ca/

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (4%) of any payment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the defaultDefault. The imposition of a late fee shall be made in the Bank’s sole discretion.

Appears in 2 contracts

Samples: Loan Agreement (K Swiss Inc), Loan Agreement (K Swiss Inc)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (4%) of any payment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default, including Bank’s right to charge interest at the default interest rate provided for in Section 6.6.

Appears in 2 contracts

Samples: Loan Agreement (Point 360), Standard Loan Agreement (Point.360)

Late Fee. To the extent permitted by law, the Borrower agrees Borrowers agree to pay a late fee in an amount not to exceed four percent (4%) of any monthly payment of principal or interest that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the defaultany Default or Event of Default hereunder.

Appears in 2 contracts

Samples: Loan Agreement (Hooker Furniture Corp), Loan Agreement (Hooker Furniture Corp)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (44.0%) of any payment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default.

Appears in 2 contracts

Samples: Loan Agreement (Martha Stewart Living Omnimedia Inc), Loan Agreement (Martha Stewart Living Omnimedia Inc)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (4%) of any payment installment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s 's rights with respect to the default.

Appears in 2 contracts

Samples: Business Loan Agreement (U S Laboratories Inc), Business Loan Agreement (U S Laboratories Inc)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four two percent (42%) of any payment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s 's rights with respect to the default.

Appears in 2 contracts

Samples: Loan Agreement (Mimedx Group, Inc.), Loan Agreement (California First National Bancorp)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (4%) of any particular payment or invoice that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default.

Appears in 2 contracts

Samples: Business Loan Agreement (Excelligence Learning Corp), Business Loan Agreement (Excelligence Learning Corp)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four five percent (45%) of the amount of any payment, including, without limitation, interest and/or principal, required to be made hereunder which payment that is more than fifteen ten (1510) days latepast due. The imposition and payment of a late fee shall not constitute a waiver of any of the Bank’s rights and remedies with respect to the default.

Appears in 1 contract

Samples: Loan Agreement (Immunomedics Inc)

Late Fee. To the extent permitted by lawApplicable Law, the Borrower agrees to shall pay a late fee in an the amount not to exceed four percent (4%) of 2.000% of the amount of any scheduled payment due prior to the Maturity Date that is more than fifteen (15) days latenot paid in full when due. The imposition and payment of a late fee shall will not constitute a waiver of the Bank’s Lender's rights with respect to the defaultan Event of Default as a result of that late payment.

Appears in 1 contract

Samples: Credit Agreement (Qad Inc)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (4%) of any payment that is more than fifteen five (155) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s Bank’s rights with respect to the default.

Appears in 1 contract

Samples: Credit Agreement

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not equal to exceed four percent (4%) of any payment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s 's rights with respect to the default.

Appears in 1 contract

Samples: Loan Agreement (Wynn Stephen A)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (4%) of any payment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default.default ..

Appears in 1 contract

Samples: Sequa Corp /De/

Late Fee. To the extent permitted by law, the The Borrower agrees to pay a late fee in an amount not equal to exceed four percent (4%) of the amount of any delinquent payment of principal or interest that is more than fifteen ten (1510) calendar days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default. This fee shall be in addition to the accrual of interest at the default rate of interest pursuant to Section 5.6 below.

Appears in 1 contract

Samples: Loan Agreement (Grand Canyon Education, Inc.)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (4%) of any payment installment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default.)

Appears in 1 contract

Samples: Loan Agreement (Escalon Medical Corp)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four two percent (42%) of any payment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default.

Appears in 1 contract

Samples: Business Loan Agreement (Network Equipment Technologies Inc)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an the amount not to exceed four percent of (4%) percent of any payment that is more than fifteen (15) 30 days late. The imposition and payment of a late fee shall will not constitute a waiver of the BankLender’s rights with respect to the defaultEvent of Default.

Appears in 1 contract

Samples: Loan Agreement (Globetrac Inc)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (4%) of any payment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default.. Ref #: 1002474994 : - Sundance Energy, L.P. Standard Loan Agreement

Appears in 1 contract

Samples: Loan Agreement (Energy Resources 12, L.P.)

Late Fee. To the extent permitted by lawLaw, the Borrower agrees to pay a late fee in an amount not to exceed four percent (4%) of any payment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the BankLender’s rights with respect to the defaultany Default.

Appears in 1 contract

Samples: Loan Agreement (Xeta Technologies Inc)

Late Fee. To the extent permitted by law, the Borrower agrees Borrowers agree to pay a late fee in an amount not to exceed four two percent (42%) of any payment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default.

Appears in 1 contract

Samples: Loan Agreement (California First National Bancorp)

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Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four five percent (45%) of any payment that is more than fifteen ten (1510) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default.

Appears in 1 contract

Samples: Holding Company Loan Agreement (Intermountain Community Bancorp)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (4%) of any payment that is more than fifteen (15) days late. The imposition and payment of a late fee shall will not constitute a waiver of the Bank’s rights with respect to the default.

Appears in 1 contract

Samples: Loan Agreement (Super Micro Computer, Inc.)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (4%) of any monthly payment of principal or interest that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the defaultany Default or Event of Default hereunder.

Appears in 1 contract

Samples: Loan Agreement (Hooker Furniture Corp)

Late Fee. To the extent permitted by law, the The Borrower agrees to pay a late fee in an amount not equal to exceed four percent (4%) of the amount of any delinquent payment of principal or interest that is more than fifteen ten (1510) calendar days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default. This fee shall be in addition to the accrual of interest at the default rate of interest pursuant to Section 4.6 below.

Appears in 1 contract

Samples: Loan Agreement (Grand Canyon Education, Inc.)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four two percent (42%) of any payment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default.)

Appears in 1 contract

Samples: Business Loan Agreement (Pacific Sunwear of California Inc)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (4%) of any payment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the BankLender’s rights with respect to the defaultDefault.

Appears in 1 contract

Samples: Loan Agreement (Energy 11, L.P.)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (4%) of any payment that is more than fifteen (15) days late. late The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default.

Appears in 1 contract

Samples: Loan Agreement (American Restaurant Concepts Inc)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (4%) of any payment installment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s 's rights with respect to the default.

Appears in 1 contract

Samples: Employee Loan Agreement (Commerce One Inc / De/)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four five percent (45%) of any payment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the BankLender’s rights with respect to the default.

Appears in 1 contract

Samples: Loan Agreement (Stryve Foods, Inc.)

Late Fee. To the extent permitted by lawApplicable Law, the Borrower agrees to shall pay a late fee in an the amount not to exceed four percent (4%) of 2.000% of the amount of any scheduled payment due prior to the Maturity Date that is more than fifteen (15) not paid in full when due; provided, however, that any payment for the full amount then due that is made within 10 days lateof its due date shall not be subject to a late fee. The imposition and payment of a late fee shall will not constitute a waiver of the Bank’s Lender's rights with respect to the defaultan Event of Default as a result of that late payment.

Appears in 1 contract

Samples: Credit Agreement (Qad Inc)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four two percent (42%) of any payment that is more than fifteen five (155) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s 's rights with respect to the default.

Appears in 1 contract

Samples: Business Loan Agreement (National Rv Holdings Inc)

Late Fee. To the extent permitted by law, the Borrower agrees Borrowers agree to pay a late fee in an amount not to exceed four percent (4%) of any payment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default.)

Appears in 1 contract

Samples: Loan Agreement (California Water Service Group)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (4%) 4.0% of any payment that is more than fifteen (15) 15 days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default. 3.2.

Appears in 1 contract

Samples: Business Loan Agreement (Winter Sports Inc /New)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (44.0%) of any payment that is more than fifteen five (155) days Business Days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default.

Appears in 1 contract

Samples: Loan Agreement (Martha Stewart Living Omnimedia Inc)

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (4%) of any payment that is more than fifteen five (155) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default.

Appears in 1 contract

Samples: Credit Agreement

Late Fee. To the extent permitted by law, the Borrower agrees to pay a late fee in an amount not to exceed four percent (4%) of any payment that is more than fifteen (15) days late. The imposition and payment of a late fee shall not constitute a waiver of the Bank’s rights with respect to the default.. (c)

Appears in 1 contract

Samples: Loan Agreement (BurgerFi International, Inc.)

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