Default Fee definition

Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 3.50% above the Alternate Base Rate.

Default Fee means a per annum rate of interest equal to the sum of (i) the Prime Rate, plus (ii) 2% per annum.

Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 2% above the Base Rate.

Examples of Default Fee in a sentence

• Default Fee payments shall not be deemed to cure the underlying default.

• If Licensee fails to timely pay the Default Fee or cure the underlying default within the applicable cure period, the County shall have the right (but not the obligation) to send Licensee a follow-up notice and demand for an additional Default Fee that will be due and payable within fifteen (15) days.

• In addition to any other Adequate Assurance, SCO Supplier shall be required to post the Default Fee Collateral with Columbia to secure payment of the Default Fee on all volumes that the SCO Supplier is obligated to serve during the term of this Agreement.

• Columbia has no obligation to provide the Default Fee to the remaining SCO Suppliers in the event Columbia is unable to collect the Default Fee under the Default Fee Collateral.

• Licensee shall pay the Default Fee within fifteen (15) days after a written demand from the County.

More Definitions of Default Fee

Default Fee means an amount equal to one hundred fifty percent (150%) of the salary of each full-time employee, on an hourly basis, who provides the applicable Corporate Service or Transition Assistance (as defined in Section 2.3).

Default Fee has the meaning set forth in Section 10.4.

Default Fee means, for any Payment Date on which interest on overdue amounts is payable in accordance with the provisions of Section 203(b) hereof, an amount equal to the excess of (x) the total amount of interest payable on such Payment Date, including the amount of interest otherwise payable on such Payment Date pursuant to the provisions of Section 203(b), over (y) the amount of interest that would have been payable on such Payment Date if no payment default had occurred.

Default Fee means a per annum rate of interest equal to the sum of (i) the Prime Rate, PLUS (ii) 2% per annum.

Default Fee is defined in Subsection 17.2.4.

Default Fee means with respect to any amount due and payable by the Seller hereunder or under the Fee Letter, an amount equal to interest on any such amount at a rate per annum equal to 2% above the Base Rate; PROVIDED, HOWEVER, that such interest rate will not at any time exceed the maximum rate permitted by applicable law.

Default Fee. The incremental interest specified in the related Supplement payable by the Issuer resulting from the failure of the Issuer to pay in full any amount due under the Indenture on any Series of Notes Outstanding when such amount becomes due.