Late Fees on Overdue Payments. Any payment not received from Company within ten (10) days after the due date shall accrue a late fee at an interest rate of one percent (1.0%) per month, beginning with the original due date until paid in full, subject to a minimum late fee of twenty-five dollars ($25.00).
Late Fees on Overdue Payments. Without waiving any other right available to City in the event of a default in Airline’s payment of any rents, fees, and charges under this Agreement, including Passenger Facility Charge proceeds, in the event that Airline is delinquent for a period of thirty (30) calendar days or more from the date when such payment is due to City, Airline shall pay City late fees thereon, from the date such rents, fees, or charges become payable to the date of payment at the rate of one and one-half percent (1.5%) per month; provided, however, that if the maximum rate then provided by law is less than 1.5% per month, then the rate shall be such maximum legal rate. City may, but is not obligated to, provide Airline with a written reminder when invoiced rents, fees, or charges have not been received within thirty (30) calendar days of transmittal of the invoice therefore.
Late Fees on Overdue Payments. Any payment required to be paid by Tenant, including Rent, not received from Tenant within fifteen (15) days after the due date shall accrue a late fee at an interest rate of one and one-half percent (1.5%) per month, or the maximum amount allowed by law, beginning with the original due date until paid in full, subject to a minimum late fee of Twenty-Five and NO/100 Dollars ($25.00).
