Late Payment Fees definition

Late Payment Fees. Any late payment fees (including any not sufficient ----------------- funds fees) paid by Obligors on Contracts after all sums received have been allocated first to regular installments due or overdue and all such installments are then paid in full.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Late Payment Fees shall have the meaning specified in the Credit Card Agreement applicable to each Account or any similar term but shall not include Cash Advance Fees.

Late Payment Fees means the fees which we charge for any late payment, as detailed in the Commissions and Fees Schedule.

Examples of Late Payment Fees in a sentence

Such costs shall be recoverable by the Servicer out of late payments (other than Late Payment Fees) by the related Mortgagor or out of Liquidation Proceeds to the extent permitted by Section 3.09.
Additional servicing compensation in the form of Late Payment Fees or Extension Fees and any transfer of equity or assumption fees shall be retained by the Servicer.
The Grantor Trust with respect to the Late Payment Fees shall terminate automatically upon termination of the Trust Fund.
In addition to the amounts remitted to the Trustee by the Servicer from the Certificate Account, by the Distribution Account Deposit Date, the Servicer shall remit all Late Payment Fees assessable and not waived pursuant to Section 3.21(a) to the Trustee for deposit in the Distribution Account.
On each Distribution Date, all amounts representing Late Payment Fees assessable during the related Prepayment Period (and amounts paid by the Servicer for waiving them less any such amounts not deposited into the Distribution Account by the preceding Distribution Account Deposit date plus any such amounts deposited into the Distribution Account with respect to prior Prepayment Periods) will be distributed to the Holders of the Class L Certificates.

More Definitions of Late Payment Fees

Late Payment Fees means bounce charges payable by the Borrower in case of occurrence of default by reason of dishonor of cheque or any Mandate as mentioned in the Key Facts Statement, for each event of such dishonour.

Late Payment Fees means interest on amounts not paid to Sprint PCS by the applicable Due Date as described in Section 7.5 of the PCS Services Agreement;

Late Payment Fees refers to the amount representing charges for failing to pay the Minimum Amount Payable on or before the Payment Due Date as indicated in the Qwarta Agreement and will be reflected in the e-Statement, if applicable.

Late Payment Fees. : means the fees charged by Finance House when (i) a payment made to the Card Account is less than the Minimum Payment Due; (ii) a payment is recorded and posted to the Card Account after the Payment Due Date; or (iii) when no payment at all is received by Finance House on or before the Payment Due Date.

Late Payment Fees. 4% of the installment due.

Late Payment Fees. As defined in Section 2.3(c).

Late Payment Fees means, with respect to a Loan, the amount agreed to be paid by the Borrower to the Lender under the related Loan Documents in the event such Borrower fails to make certain payments when due.