Common use of Late Payment Penalty Clause in Contracts

Late Payment Penalty. Should any payment of interest or principal and interest due hereunder be received by the holder of this Note more than ten (10) days after its due date, Borrower shall pay a late payment penalty equal to five percent (5%) of the amount overdue for each month outstanding until paid, beginning with the due date of the late payment.

Late Payment Penalty. Should any payment of interest interest, or of principal and interest interest, or any other sum due hereunder be received by the holder of this Note Lender more than ten five (105) days after its due datefollowing receipt of written notice therefor, the Borrower shall pay a late payment penalty equal to five percent (5%) of the amount overdue for each month outstanding until paid, beginning with the due date of the late paymentpayment then due.

Late Payment Penalty. Should any payment of interest or principal and interest due hereunder be received by the holder of this Note more than ten (10) days after its due date, Borrower shall shall, in addition to the default interest rate, pay a late payment penalty equal to five percent (5%) of the amount overdue for each month outstanding until paid, beginning with the due date of the late paymentoverdue.

Late Payment Penalty. Should any payment of interest interest, principal, or principal and interest interest, or any other sum due hereunder be received by the holder of this Promissory Note more than ten five (105) days after its due date, the Borrower shall pay a late payment penalty equal to five percent (5%) of the amount overdue for each month outstanding until paid, beginning with the due date of the late paymentthen due.

Late Payment Penalty. Should If Borrower fails to make any payment of interest or principal and interest due hereunder be received by the holder of required under this Note more than within ten (10) days after its due dateof the time the payment has become due, Borrower shall pay a late payment penalty equal to five percent (5%) of the amount overdue for each month outstanding until paid, beginning with the due date of the late paymentpayment due.

Late Payment Penalty. Should any payment of interest or principal and interest due hereunder be received by the holder of this Note more than ten (10) days after its due date, Borrower shall pay a late payment penalty equal to five one percent (51%) of the amount overdue for each month outstanding until paid, beginning with the due date of the late payment.