Common use of Late Payment Fees Clause in Contracts

Late Payment Fees. Payments of principal and/or interest not made in full before the date five (5) Business Days after the date due shall be subject to a processing charge of five percent (5%) of the payment due.

Appears in 7 contracts

Samples: Credit Facility Agreement (Iec Electronics Corp), Credit Facility Agreement (Iec Electronics Corp), Credit Facility Agreement (Iec Electronics Corp)

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Late Payment Fees. Payments of principal and/or interest not made in full before the date five (5) Business Days days after the date due shall be subject to a processing charge of five percent (5%) of the payment due.

Appears in 5 contracts

Samples: Credit Facility Agreement (Phoenix Footwear Group Inc), Revolving Credit and Term Loan Agreement (Phoenix Footwear Group Inc), Revolving Credit and Term Loan Agreement (Phoenix Footwear Group Inc)

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Late Payment Fees. Payments of principal and/or interest not made in full before received within ten (10) days of the date five (5) Business Days after the date such payment is due shall be subject to a processing late charge of five percent (5%) of the payment duesuch payment.

Appears in 2 contracts

Samples: Credit Facility Agreement (Anaren Microwave Inc), Credit Facility Agreement (Anaren Microwave Inc)

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