Late Payments and Collection Costs. There will be a processing charge of up to $20.00 or whatever fee is allowable by law for any returned check or for any rejected credit card charge or for any rejected automatic bank account debit. If I do not make a payment within 5 business days of its due date, I must pay you, in addition to the payment, a late charge of 15% of the late monthly payment (but at least $5.00 per month). I will pay you your collection costs, including charges for collection letters (not to exceed $5.00 per letter), collection phone calls (not to exceed $6.00 per call), collection agency fee (not to exceed $50.00 per placement), collection agency charge (an amount not to exceed 30% of the amount paid by you to the collection agency), pre-suit notification legal letter fee (not to exceed $20.00 per letter), and pre-litigation administrative preparation fee (not to exceed $200.00) whenever such costs are incurred. I will also pay your costs and expenses in the event that you obtain a judicial ruling or decision in your favor regarding my liability under the Lease Agreement, including reasonable Attorneys’ fees, witness travel expenses, court costs, and service of process fees.
Late Payments and Collection Costs. If I do not make a payment within 10 days of its due date, I must pay you in addition to the payment of a late fee of 15% of the amount past due (but at least $20.00) for each late payment. Each month the past due payment remains unpaid, an additional late fee in the amount defined will be assessed. I will also pay your actual collection costs. Such collection costs include, but are not limited to charges for collection letters and phone calls.
Late Payments and Collection Costs. Whenever you do not make any monthly lease payment in full when due under this Lease, you agree to pay us, as a late fee, an amount equal to fifteen percent (15%) of the full scheduled payment and only to the extent allowed by law. Such amount shall be payable in addition to all amounts payable by you as a result of our exercise of any of the remedies herein provided. In addition, you will pay us all our out-of-pocket costs relating to or resulting from the collection of the late payment including a processing charge of $20.00 for each returned check, reject- ed ACH charge or returned credit card charge; and all reasonable collection costs we incur. Payments shall first be applied to late fees and processing charges and then to Lease obligations.
Late Payments and Collection Costs. Whenever any monthly lease payment is not made by Lessee in full when due hereunder, Lessee agrees to pay to Lessor, as a late fee, an amount equal to fifteen percent (15%) of the full scheduled payment, but not less than five dollars ($5.00) and only to the extent allowed by law. Such amount shall be payable in addition to all amounts payable by Lessee as a result of exercise of any of the remedies herein provided. In addition, Lessee will pay all out-of-pocket costs relating to or resulting from the collection of the late payment including a processing charge of $20.00 for each returned check, rejected ACH charge or returned credit card charge; and all reasonable collection costs incurred by Lessor. Payments shall be applied to late fees and to processing charges first and then to Lease obligations until all funds have been exhausted.
Late Payments and Collection Costs. 19. Each party agrees to pay the other interest at the rate of one percent (1%) per month on any past due amounts owed. Such interest shall accrue if any payment is more than thirty (30) days overdue and shall continue until the balance is paid in full.
