Common use of Late Payments and Collection Costs Clause in Contracts

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.

Appears in 4 contracts

Samples: Non Cancelable Equipment Lease Agreement, Non Cancelable Equipment Lease Agreement, Non Cancelable Equipment Lease Agreement

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