Common use of LATE PAYMENT/PREPAYMENT Clause in Contracts

LATE PAYMENT/PREPAYMENT. Any payment not made within 30 days after it is due is subject to a late charge of $ 25.00 or --5--% of the installment due. Amounts in default shall bear interest at a rate of 14 % per annum. All or part of the principal balance on the Note may be paid prior to maturity without penalty.

LATE PAYMENT/PREPAYMENT. Any payment not made within 30 10 days after it is due is subject to a late charge of $ 25.00 $100.00 or --5--% n /a % of the installment due, whichever is greater. Amounts in default shall bear interest at a rate of 14 18.00% per annum. All or part of the principal balance on the Note may be maybe paid prior to maturity without penalty.