Common use of Late Payments and Collection Costs Clause in Contracts

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 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 per- cent (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 rejected 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 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-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 rejected 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.