Late Payment Premium. Borrower shall, at Administrative Agent’s option or if directed by the Required Banks and upon notice to Borrower, pay to Administrative Agent for the account of the Banks a late payment premium in the amount of 4% of any payments of interest under the Loans made more than ten (10) days after the due date thereof, which shall be due with any such late payment.
Late Payment Premium. 22 2.4.4 Interest Rate and Payment After Default.................................... 23 2.4.5 Method and Place of Payment................................................ 23 Section 2.5 Prepayment................................................................. 23 2.5.1
Late Payment Premium. 26 SECTION 2.15. Changes of Commitments............................................26 SECTION 2.16. Letters of Credit.................................................26
Late Payment Premium. Borrower shall pay to Lender a late payment premium in the amount of three percent (3%) of any portion of the Debt which is due and payable (other than the payment of principal payable on the Maturity Date), and which remains unpaid more than five (5) calendar days after the due date thereof, which late payment premium shall in all cases be due with any such late payment. The acceptance of a late payment premium shall not constitute a waiver of any Default or Event of Default then existing or thereafter arising. Further, Lender’s failure to collect a late payment premium at any time shall not constitute a waiver of Lender’s right to thereafter, at any time and from time to time (including upon acceleration of the Note or upon payment in full of the Debt), to collect such previously uncollected late payment premiums or to collect subsequently accruing late payment premiums.
Late Payment Premium. If all or a portion of any monthly payment required to be made to Administrative Agent for the account of Lenders (whether pursuant to this Agreement, the Notes or any other Loan Document) is not received on or before the tenth day after the date such payment is due (without reference to any grace period provided for in the Loan Documents), a late charge of four percent (4%) of the amount so overdue ("Late Charge") shall immediately be due to Administrative Agent for the account of Lenders. Any such Late Charge shall be secured by the security for the Loan, shall be paid no later than the due date of the next subsequent installment of interest payable under this Agreement and the Notes and, if not so paid, shall bear interest at the rate then in effect with respect to the Principal Amount as set forth in this Agreement. In addition, if Borrower shall fail to make timely payment in full of any sum payable under this Agreement, the Notes or any of the Loan Documents, Borrower shall pay all costs of collection, including, but not limited to, reasonable attorneys' fees and disbursements, whether or not suit is filed hereon. Notwithstanding anything to the contrary in this paragraph, the Late Charge shall not be applied to any portion of the Principal Amount due and payable on the Maturity Date (or, if the Maturity Date is extended, the Extended Maturity Date), which is overdue and not received.
Late Payment Premium. 16 Section 2.16
Late Payment Premium. 20 SECTION 2.17. Letters of Credit.............................21
Late Payment Premium. If any principal, interest or any other sum due under the Project Loan Documents is not paid by Borrower within five (5) days of the date on which it is due (other than the principal payment due on the Maturity Date), Borrower shall pay to Agent upon demand an amount equal to the lesser of five percent (5%) of such unpaid sum or the maximum amount permitted by applicable law in order to defray the expense incurred by Agent in handling and processing such delinquent payment and to compensate Lenders for the -22- <PAGE> loss of the use of such delinquent payment. Any such amount shall be secured by the Project Loan Mortgage and the other Project Loan Documents. 2.4.4
Late Payment Premium. 27 Section 2.16 Letters of Credit..................................... 27 Section 2.17 Special Provisions Regarding Advances in Connection with Acquisitions......................... 29
Late Payment Premium. 24 Section 2.16 Letters of Credit............................................................25 Section 2.17 Additional Conditions to Advances of Tranche A...............................26
