Common use of LATE PAYMENTS DEFAULT RATE FEES Clause in Contracts

LATE PAYMENTS DEFAULT RATE FEES. If any payment is not paid when due (whether by acceleration or otherwise) or within 10 days thereafter, undersigned agrees to pay to Lender a late payment fee as provided for in any loan agreement or 5% of the payment amount, whichever is greater with a minimum fee of $20.00. After an Event of Xxxxxxx, Xxxxxxxx agrees to pay to Lender a fixed charge of $25.00, or Xxxxxxxx agrees that Lender may, without notice, increase the Interest Rate by six percentage points (6%) (the "Default Rate"), whichever is greater. Lender may impose a non-sufficient funds fee for any check that is presented for payment that is returned for any reason. In addition, Xxxxxx may charge loan documentation fees as may be reasonably determined by the Lender.

LATE PAYMENTS DEFAULT RATE FEES. If any payment is not paid when due (whether by acceleration or otherwise) or within 10 days thereafter, undersigned agrees to pay to Lender a late payment fee as provided for in any loan agreement or 5% of the payment amount, whichever is greater with a minimum fee of $20.00. After an Event of XxxxxxxDefault, Xxxxxxxx Borrower agrees to pay to Lender a fixed charge of $25.00, or Xxxxxxxx Borrower agrees that Lender may, without notice, increase the Interest Rate by six percentage points (6%) % (the "Default Rate"), whichever is greater. Lender may impose a non-sufficient funds fee for any check that is presented for payment that is returned for any reason. In addition, Xxxxxx Lender may charge loan documentation fees as may be reasonably determined by the Lender.

LATE PAYMENTS DEFAULT RATE FEES. If any payment is not paid when due (whether by acceleration or otherwise) or within 10 days thereafter, undersigned agrees to pay to Lender a late payment fee as provided for in any loan agreement or 5% of the payment amount, whichever is greater with a minimum fee of $20.00. After an Event of XxxxxxxDefault, Xxxxxxxx Borrower agrees to pay to Lender a fixed charge of $25.00, or Xxxxxxxx Borrower agrees that Lender may, without notice, increase the Interest Rate by six percentage points (6%) % (the "“Default Rate"”), whichever is greater. Lender may impose a non-sufficient funds fee for any check that is presented for payment that is returned for any reason. In addition, Xxxxxx Lender may charge loan documentation fees as may be reasonably determined by the Lender.