Common use of Use of Overnight or °Drop° Boxes Clause in Contracts

Use of Overnight or °Drop° Boxes. For the purposes of this Agreement and for the purpose of assessing late fees pursuant to Paragraph 1(C), Resident agrees that any notice or payment delivered by Resident to an after-hours 'drop box' that may be located on the exterior of Lessors management office shall be deemed received at the time the management office re-opens for business, not before. By using the 'drop box,' Resident agrees that delivery of a notice or payment after business hours on the date a notice or payment is due may result in the notice or payment being considered late.