Late Payment Charge. If any portion of the Debt (other than the principal portion of the Debt due on Maturity) is not paid in full on or before the date on which it is due and payable hereunder, Borrower shall pay to Lender an amount equal to five percent (5%) of such unpaid portion of the Debt (“Late Charge”) to defray the expense incurred by Lender in handling and processing such delinquent payment, and such amount shall constitute a part of the Debt.
Appears in 6 contracts
Samples: Loan and Security Agreement (Ashford Hospitality Trust Inc), Loan and Security Agreement (Ashford Hospitality Trust Inc), Loan and Security Agreement (Ashford Hospitality Trust Inc)
Late Payment Charge. If any portion of the Debt (other than the principal portion of the Debt due on Maturity) is not paid in full on or before the date day on which it is due and payable hereunder, Borrower shall pay to Lender an amount equal to five percent (5%) of such unpaid portion of the Debt (“Late Charge”) to defray the expense incurred by Lender in handling and processing such delinquent payment, and such amount shall constitute a part of the Debt.
Appears in 6 contracts
Samples: Deed of Trust, Security Agreement, Assignment of Rents and Fixture Filing (Pebblebrook Hotel Trust), Deed of Trust, Security Agreement, Assignment of Rents and Fixture Filing (Pebblebrook Hotel Trust), Deed of Trust, Security Agreement, Assignment of Rents and Fixture Filing (Maguire Properties Inc)
Late Payment Charge. If any portion of the Debt (other than the principal portion of the Debt due on Maturity) is not paid in full on or before the date on which it is due and payable hereunderhereunder (other than the principal portion of the Debt due on the Maturity Date), Borrower shall pay to Lender an amount equal to five percent (5%) of such unpaid portion of the Debt (“Late Charge”) to defray the expense incurred by Lender in handling and processing such delinquent payment, and such amount shall constitute a part of the Debt.
Appears in 6 contracts
Samples: Loan and Security Agreement (Morgans Hotel Group Co.), Loan and Security Agreement (Morgans Hotel Group Co.), Loan and Security Agreement (Morgans Hotel Group Co.)
Late Payment Charge. If any portion of the Debt (other than the principal portion of the Debt due on Maturity) is not paid in full on or before the date day on which it is due and payable hereunder, Borrower shall pay to Lender an amount equal to five percent (5%) of such unpaid portion of the Debt (“Late Charge”) to defray the expense incurred by Lender in handling and processing such delinquent payment, and such amount shall constitute a part of the Debt.
Appears in 6 contracts
Samples: Mortgage, Security Agreement, Assignment of Rents and Fixture Filing (Ashford Hospitality Trust Inc), Open End Mortgage, Security Agreement, Financing Statement and Assignment of Rents (Ashford Hospitality Prime, Inc.), Mortgage, Security Agreement, Assignment of Rents and Fixture Filing (Ashford Hospitality Trust Inc)
Late Payment Charge. If any portion of the Debt is not paid in full on or before the day on which it is due and payable hereunder (other than the principal portion of the Debt due on Maturity) is not paid in full on or before the date on which it is due and payable hereunderMaturity Date), Borrower shall pay to Lender an amount equal to five percent (5%) of such unpaid portion of the Debt (“Late Charge”) to defray the expense incurred by Lender in handling and processing such delinquent payment, and such amount shall constitute a part of the Debt.
Appears in 5 contracts
Samples: Deed of Trust, Security Agreement, Assignment of Rents and Fixture Filing (Morgans Hotel Group Co.), Agreement of Consolidation and Modification of Mortgage, Security Agreement, Assignment of Rents and Fixture Filing (Morgans Hotel Group Co.), Agreement of Consolidation and Modification of Mortgage, Security Agreement, Assignment of Rents and Fixture Filing (Morgans Hotel Group Co.)
Late Payment Charge. If any portion of the Debt (other than the principal portion of the Debt due on Maturity) is not paid in full on or before the date on which it is due and payable hereunder, Borrower shall pay to Lender an amount equal to five four percent (54%) of such unpaid portion of the Debt (“"Late Charge”") to defray the expense incurred by Lender in handling and processing such delinquent payment, and such amount shall constitute a part of the Debt.
Appears in 4 contracts
Samples: Loan and Security Agreement (CNL Hotels & Resorts, Inc.), Loan and Security Agreement (CNL Hotels & Resorts, Inc.), Loan and Security Agreement (CNL Hotels & Resorts, Inc.)
Late Payment Charge. If any portion of the Debt (other than the principal portion of the Debt due on Maturity) is not paid in full on or before the fifth (5th) day after the date on which it is due and payable hereunder, Borrower shall pay to Lender an amount equal to five percent (5%) of such unpaid portion of the Debt (“"Late Charge”") to defray the expense incurred by Lender in handling and processing such delinquent payment, and such amount shall constitute a part of the Debt.
Appears in 2 contracts
Samples: Borrowing Agreement (U Haul International Inc), Loan Agreement (U Haul International Inc)
Late Payment Charge. If any portion of the Debt (other than the principal portion of the Debt due on Maturity) is not paid in full on or before the date day on which it is due and payable hereunderunder and in accordance with the terms of the Note, then Borrower shall be liable to pay to Lender an amount equal to five three percent (53%) of such unpaid portion of the Debt (“Late Charge”) to defray the expense incurred by Lender in handling and processing such delinquent payment, and such amount shall constitute a part of the Debt. The Late Charge shall not apply to the payment of the Principal Amount at Maturity.
Appears in 2 contracts
Samples: Loan Agreement (Mack Cali Realty Corp), Loan Agreement (Mack Cali Realty L P)
Late Payment Charge. If any portion of the Debt (other than the principal portion of the Debt due on Maturity) is not paid in full on or before the date day on which it is due and payable hereunder, Borrower shall pay to Lender an amount equal to five three percent (53%) of such unpaid portion of the Debt (“Late Charge”) to defray the expense incurred by Lender in handling and processing such delinquent payment, and such amount shall constitute a part of the Debt. The Late Charge shall not apply to the payment of the Principal Amount at Maturity.
Appears in 1 contract
Late Payment Charge. If any portion of the Debt (other than the principal portion of the Debt due on Maturity) is not paid in full on or before the date on which it is due and payable hereunderhereunder (other than sums due on the Maturity Date), Borrower shall pay to Lender an amount equal to five percent (5%) of such unpaid portion of the Debt (“Late Charge”) to defray the expense incurred by Lender in handling and processing such delinquent payment, and such amount shall constitute a part of the Debt.
Appears in 1 contract
Samples: Loan and Security Agreement (KBS Real Estate Investment Trust, Inc.)
Late Payment Charge. If any portion of the Debt (other than the principal portion of the Debt due on Maturity) is not paid in full on or before the date day on which it is due and payable hereunder, Borrower shall pay to Lender an amount equal to five four percent (54%) of such unpaid portion of the Debt (“"Late Charge”") to defray the expense incurred by Lender in handling and processing such delinquent payment, and such amount shall constitute a part of the Debt.
Appears in 1 contract
Samples: Mortgage, Security Agreement, Assignment of Rents and Fixture Filing (CNL Hotels & Resorts, Inc.)
Late Payment Charge. If any portion of the Debt (other than the principal portion of the Debt due on Maturity) is not paid in full on or before the date day on which it is due and payable hereunderhereunder (expressly excluding any payment of principal due on Maturity), Borrower shall pay to Lender an amount equal to five percent (5%) of such unpaid portion of the Debt (“"Late Charge”") to defray the expense incurred by Lender in handling and processing such delinquent payment, and such amount shall constitute a part of the Debt.
Appears in 1 contract
