Common use of Late or Non-Payments Clause in Contracts

Late or Non-Payments. In addition to any other rights and remedies available to Affiliate under this Agreement (and not in lieu thereof), any amounts that are not paid by Programmer after the date payment is due pursuant to Section 2.1 shall accrue interest at the rate of one percent (1%) per month or at the highest lawful rate, whichever shall be the lesser, from the date such amounts were due until they are paid. Programmer shall be liable for all reasonable costs and expenses (including, without limitation, reasonable court costs and attorneys’ fees) incurred by Affiliate in collecting any past due payments.

Appears in 2 contracts

Samples: Agreement (Real Hip-Hop Network, Inc), Agreement (Real Hip-Hop Network, Inc)

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Late or Non-Payments. In addition to any other rights and remedies available to Affiliate under this Agreement (and not in lieu thereof), any Any amounts that are not paid by Programmer after Affiliate by the date payment is due pursuant to the first sentence of Section 2.1 2(a), shall accrue interest at the rate of one percent (1%) per month compounded monthly or at the highest lawful rate, whichever shall be the lesser, from the date such amounts were due until they are paid. If Programmer engages the services of any collection agency or independent legal counsel to collect past due fees owed to Programmer by Affiliate under this Agreement, Programmer shall be liable entitled to full reimbursement from Affiliate for all reasonable costs and expenses (including, without limitation, reasonable court costs and attorneys’ fees) incurred by Affiliate in collecting any past due paymentssuch collection efforts.

Appears in 2 contracts

Samples: Affiliation Agreement (Crown Media Holdings Inc), Affiliation Agreement (Crown Media Holdings Inc)

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