Common use of Late Payment Charge Clause in Contracts

Late Payment Charge. If any principal or interest payment is not paid by Borrower on or before the date 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 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 Mortgage and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal principal, interest or interest payment any other sums due under the Loan Documents is not paid by Borrower on or before the date after the same 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 amount permitted by applicable law 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 Mortgage Mortgages and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal principal, interest or interest payment any other sum due under the Loan Documents is not paid by Borrower on or before the date after the same 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 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 Mortgage and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principal Principal, interest or interest payment other sum due under any Loan Document is not paid by Borrower on or before the date after the same 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 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 Mortgage and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principal Principal, interest or interest payment other sum due under any Loan Document is not paid by Borrower on or before the date after the same 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 amount permitted by applicable law 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 Mortgage and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principal Principal, interest or interest payment other sum due under any Loan Document is not paid by Borrower on or before the date after the same 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 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 Mortgage and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principal Principal, interest or interest payment other sum due under any Loan Document is not paid by Borrower on or before the date after the same 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 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 Mortgage and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principal or interest payment is not paid by Borrower on or before the date 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 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 Mortgage Mortgages and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal or interest payment is not paid by Borrower on or before the date 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 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 Mortgage and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal or interest payment is not paid by Borrower Maker on or before the date after the same 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 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 Mortgage Mortgages and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum due Lender under the Loan Documents, other than the payment of principal or interest payment due on the Maturity Date, is not paid by Borrower on or before the date after the same 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 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 Mortgage and the other Loan Documents to the extent permitted by applicable law.(a “

Late Payment Charge. If any principal principal, interest or interest payment any other sums due under the Loan Documents is not paid by Borrower on or before the date after the same 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 amount permitted by applicable law 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 Mortgage and the other Loan Documents payment (except, with respect to the extent permitted by applicable law.payments

Late Payment Charge. If any principal principal, interest or interest payment any other sums due under the Loan Documents is not paid by Borrower on or before by the date after the same 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 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 Mortgage Pledge and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal Principal, interest or interest payment other ------------------- sum due under any Loan Document is not paid by Borrower on or before the date after the same 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 amount permitted by applicable law 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 Mortgage and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principal Principal, interest or interest payment other sum due under any Loan Document is not paid by Borrower on or before the date after the same 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 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 Mortgage and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principal Principal, interest or interest payment other sum due under any Loan Document is not paid by Borrower on or before the date after on which it is due other than the same is duepayment 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 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 Mortgage and the other Loan Documents to the extent permitted by applicable law.(the

Late Payment Charge. If any principal Principal, interest or interest payment other sum ------------------- due under any Loan Document is not paid by Borrower on or before the date after the same 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 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 Mortgage and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principal or interest payment is not paid by Borrower on or before the date after the same 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 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 Mortgage Pledge Agreement and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal principal, interest or interest payment is any other sums due under the Loan Documents (excluding the amounts due on the Maturity Date) are not paid by Borrower on or before prior to the date after the same 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 amount permitted by applicable law 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 Mortgage and the other Loan Documents to the extent permitted by applicable law.delinquent

Late Payment Charge. If any principal Principal, interest or interest payment other sum due under any Loan Document is not paid by Borrower Borrowers on or before the date after the same 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 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 Mortgage and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principal Principal, interest or interest payment other sum due under any Loan Document is not paid by Borrower Borrowers on or before the date after the same 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 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 Mortgage and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principal Principal, interest or interest payment other sum due under any Loan Document is not paid by Borrower Borrowers on or before the date after the same 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 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 Mortgage and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principal or interest payment is not paid by Borrower on or before the date after 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 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 Mortgage and the other Loan Documents to the extent permitted by applicable law.