Common use of Late Payment Charge Clause in Contracts

Late Payment Charge. If any principal, interest or any other sums due under the Loan Documents is not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of four percent (4%) of such unpaid sum or the Maximum Legal Rate in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Pledge Agreement and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, principal or interest or any other sums due under the Loan Documents payment is not paid by Borrower on or prior to before the date on which it after the same is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of four percent (4%) of such unpaid sum or the Maximum Legal Rate maximum amount permitted by applicable law in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Pledge Agreement Mortgage and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sums due under the Loan Documents is not paid by Borrower on or prior to by the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of four five percent (45%) of such unpaid sum or the Maximum Legal Rate maximum amount permitted by applicable law in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Pledge Agreement Mortgages and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sums sum due under the Loan Documents is not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of four three percent (43%) of such unpaid sum or the Maximum Legal Rate maximum amount permitted by applicable law in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Pledge Agreement Mortgage and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principal, interest or any other sums due under the Loan Documents is (excluding the amounts due on the Maturity Date) are not paid by Borrower on or prior to the date on which it is five calendar (5) days after the date such payment is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of four three percent (43%) of such unpaid sum or the Maximum Legal Rate in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Pledge Agreement Mortgage and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principalPrincipal, interest or any other sums sum due under the any Loan Documents Document is not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of four five percent (45%) of such unpaid sum or the Maximum Legal Rate maximum amount permitted by applicable law (the “Late Payment Charge”), in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such Such amount shall be secured by the Pledge Agreement and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principalPrincipal, interest or any other sums sum due under the any Loan Documents Document is not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of four percent (4%) 5% of such unpaid sum or the Maximum Legal Rate maximum amount permitted by applicable law, in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such Such amount shall be secured by the Pledge Agreement and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principalPrincipal, interest or any other sums sum due under the any Loan Documents Document is not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of four percent (4%) 5% of such unpaid sum or the Maximum Legal Rate maximum amount permitted by applicable law (the “Late Payment Charge”), in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such Such amount shall be secured by the Pledge Agreement and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principal, principal or interest or any other sums due under the Loan Documents payment is not paid by Borrower on or prior to before the date on which it after the same is due, Borrower shall pay to Lender lender upon demand an amount equal to the lesser of four percent (4%) of such unpaid sum or the Maximum Legal Rate maximum amount permitted by applicable law in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Pledge Agreement Mortgages and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sums due under the Loan Documents is not paid by Borrower on or prior to by the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of four five percent (45%) of such unpaid sum or the Maximum Legal Rate maximum amount permitted by applicable law in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Pledge Agreement Mortgage and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principalPrincipal, interest or any other sums sum due under the any Loan Documents Document is not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of four five percent (45%) of such unpaid sum or the Maximum Legal Rate maximum amount permitted by applicable law (the “Late Payment Charge”), in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such Such amount shall be secured by the Pledge Agreement and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principalPrincipal, interest or any other sums sum due under the any Loan Documents Document is not paid by Borrower Borrowers on or prior to the date on which it is due, Borrower Borrowers shall pay to Lender upon demand an amount equal to the lesser of four percent (4%) 2% of such unpaid sum or the Maximum Legal Rate maximum amount permitted by applicable law (the "Late Payment Charge"), in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such Such amount shall be secured by the Pledge Agreement and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principal, interest or any other sums sum due Lender under the Loan Documents Documents, other than the payment of principal due on the Maturity Date, is not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of four three percent (43%) of such unpaid sum or the Maximum Legal Rate in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such maximum amount shall be secured by the Pledge Agreement and the other Loan Documents to the extent permitted by applicable law.law (a “

Late Payment Charge. If any principalPrincipal, interest or any other sums sum due under the any Loan Documents Document is not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of four five percent (45%) of such unpaid sum or the Maximum Legal Rate maximum amount permitted by applicable law (the "Late Payment Charge"), in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such Such amount shall be secured by the Pledge Agreement and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principal, principal or interest or any other sums due under the Loan Documents payment is not paid by Borrower on or prior to before the date on which it the same is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of four percent (4%) of such unpaid sum or the Maximum Legal Rate maximum amount permitted by applicable law in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Pledge Agreement Mortgage and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principalPrincipal, interest or any other sums ------------------- sum due under the any Loan Documents Document is not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of four percent (4%) percent of such unpaid sum or the Maximum Legal Rate maximum amount permitted by applicable law, in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such Such amount shall be secured by the Pledge Agreement and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principalPrincipal, interest or any other sums sum due under the any Loan Documents Document is not paid by Borrower Borrowers on or prior to the date on which it is due, Borrower Borrowers shall pay to Lender upon demand an amount equal to the lesser of four percent (4%) 2% of such unpaid sum or the Maximum Legal Rate maximum amount permitted by applicable law (the “Late Payment Charge”), in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such Such amount shall be secured by the Pledge Agreement and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principalPrincipal, interest or any other sums sum due under the any Loan Documents Document is not paid by Borrower on or prior to the date on which it is duedue other than the payment due on the Maturity Date, Borrower shall pay to Lender upon demand an amount equal to the lesser of four five percent (45%) of such unpaid sum or the Maximum Legal Rate in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such maximum amount shall be secured by the Pledge Agreement and the other Loan Documents to the extent permitted by applicable law.law (the

Late Payment Charge. If any principal, principal or interest or any other sums due under the Loan Documents payment is not paid by Borrower on or prior to before the date on which it the same is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of four five percent (45%) of such unpaid sum or the Maximum Legal Rate maximum amount permitted by applicable law in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Pledge Agreement Mortgage and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, principal or interest or any other sums due under the Loan Documents payment is not paid by Borrower Maker on or prior to before the date on which it is due, Borrower Maker shall pay to Lender upon demand an amount equal to the lesser of four five percent (45%) of such unpaid sum or the Maximum Legal Rate maximum amount permitted by applicable law in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Pledge Agreement Mortgages and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, principal or interest or any other sums due under the Loan Documents payment is not paid by Borrower on or prior to before the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of four five percent (45%) of such unpaid sum or the Maximum Legal Rate maximum amount permitted by applicable law in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Pledge Agreement and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sums due under the Loan Documents is not paid by Borrower on or prior to by the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of four three percent (43%) of such unpaid sum or the Maximum Legal Rate maximum amount permitted by applicable law in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Pledge Agreement and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sums due under the Loan Documents is not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of four five percent (45%) of such unpaid sum or the Maximum Legal Rate maximum amount permitted by Applicable Law in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Pledge Agreement and the other Loan Documents payment (except, with respect to the extent permitted by applicable law.payments

Late Payment Charge. If any principal, interest or any other sums due under the Loan Documents is (excluding the amounts due on the Maturity Date) are not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of four five percent (45%) of such unpaid sum or and the Maximum Legal Rate in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Pledge Agreement and the other Loan Documents to the extent permitted by applicable law.delinquent

Late Payment Charge. If any principalPrincipal, interest or any other sums sum due under the any Loan Documents Document is not paid by Borrower Borrowers on or prior to the date on which it is due, Borrower Borrowers shall pay to Lender upon demand an amount equal to the lesser of four five percent (45%) of such unpaid sum or the Maximum Legal Rate maximum amount permitted by applicable law (the "Late Payment Charge"), in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such Such amount shall be secured by the Pledge Agreement and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principalPrincipal, interest or any other sums sum ------------------- due under the any Loan Documents Document is not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of four percent (4%) 5% of such unpaid sum or the Maximum Legal Rate maximum amount permitted by applicable law (the "Late Payment Charge "), in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such Such amount shall be secured by the Pledge Agreement and the other Loan Documents to the extent permitted by applicable lawDocuments.