Common use of Applicable Charges Clause in Contracts

Applicable Charges. If any payment due hereunder is more than five days late, and except as prohibited by applicable law, Purchaser agrees to pay Toco the Late Charge. Nothing herein shall be considered to waive any default hereunder or to grant any grace period with respect to any default for failure to make any payment on the Payment Date. Notwithstanding anything herein to the contrary, if any scheduled payment is not made on or before the Payment Date, Toco may, in its sole discretion, cancel the Contract and this Agreement at any time for nonpayment. Except as prohibited by applicable law, ▇▇▇▇▇▇▇▇▇ agrees to pay to Toco (i) a fee of $25 for each check or each debit that is dishonored by Purchaser’s bank and (ii) a fee of

Applicable Charges. If any payment due hereunder is more than five days late, and except as prohibited by applicable law, Purchaser agrees to pay Toco the Late Charge. Nothing herein shall be considered to waive any default hereunder or to grant any grace period with respect to any default for failure to make any payment on the Payment Date. Notwithstanding anything herein to the contrary, if any scheduled payment is not made on or before the Payment Date, Toco may, in its sole discretion, cancel the Contract and this Agreement at any time for nonpayment. Except as prohibited by applicable law, ▇▇▇▇▇▇▇▇▇ Purchaser agrees to pay to Toco (i) a fee of $25 for each check or each debit that is dishonored by Purchaser’s bank and (ii) a fee of