Late Fee/Interest definition

Late Fee/Interest. Penalty the Tenant shall incur for any Rent or Additional Rent which is not paid when due. Lease Contract: The agreement between Lessor and Tenant that sets forth Apartment Address, Terms of the Lease, Rent, Security Deposit, and Signatories.

Related to Late Fee/Interest

  • Late Fee If you don’t pay at least the Minimum Payment Due by the Payment Due Date, we will charge you a late fee. o The fee is $27.00 if you were not charged a late fee during any of the prior six billing periods.

  • Periodic Interest means, with respect to any Payment Date, the periodic interest for such Payment Date as specified in the Series Supplement.

  • Late Fees shall have the meaning set forth in Section 2(d).

  • Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.

  • Late Payment Interest means and refer to interest on a particular Late Payment at the Default Rate.