Common use of CHARGE FOR LATE PAYMENT Clause in Contracts

CHARGE FOR LATE PAYMENT. TENANT hereby acknowledges that the late payment of rents or any other sums due hereunder will cause COUNTY to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, administrative processing of delinquent notices, increased accounting costs, and lost interest income. Accordingly, if any payment of rent as specified in Section 4.01 (RENT) or of any other sum due COUNTY is not received by the due date, a late charge of five percent (5%) of the payment due and unpaid, plus one hundred dollars ($100) shall be added to the payment. The total sum shall become immediately due and payable to COUNTY. An additional charge of five percent (5%) of said payment, excluding late charges, shall be added for each additional month that said payment remains unpaid. TENANT and COUNTY hereby agree that such late charges represent a fair and reasonable estimate of the costs that COUNTY will incur by reason of TENANT’s late payment. Acceptance of such late charges (and/or any portion of the overdue payment) by COUNTY shall in no event constitute a waiver of TENANT’s default with respect to such overdue payment, or prevent COUNTY from exercising any of the other rights and remedies granted hereunder.

CHARGE FOR LATE PAYMENT. TENANT CONTRACTOR hereby acknowledges that the late payment of rents Revenues or any other sums due hereunder will cause COUNTY to incur costs not contemplated by this LeaseCONTRACT, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, administrative processing of delinquent notices, increased accounting costs, and lost interest income. Accordingly, if any payment of rent Revenues as specified in Section 4.01 (RENT) the article in this CONTRACT entitled “Revenues” or of any other sum due COUNTY is not received by COUNTY by the due date, a late charge of five one and one-half percent (51.5%) of the payment due and unpaid, unpaid plus one hundred dollars ($100) shall be added to the payment. The , and the total sum shall become immediately due and payable to COUNTY. An additional charge of five one and one-half percent (51.5%) of said payment, excluding late charges, shall be added for each additional month that said payment remains unpaid. TENANT CONTRACTOR and COUNTY hereby agree that such late charges represent a fair and reasonable estimate of the costs that COUNTY will incur by reason of TENANTCONTRACTOR’s late payment. Acceptance of such late charges (and/or any portion of the overdue payment) by COUNTY shall in no event constitute a waiver of TENANTCONTRACTOR’s default with respect to such overdue payment, or prevent COUNTY from exercising any of the other rights and remedies granted hereunder.

CHARGE FOR LATE PAYMENT. TENANT The LICENSEE hereby acknowledges that the late payment of rents fees and charges or any other sums due hereunder will cause the COUNTY to incur costs not contemplated by this LeaseLICENSE, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, administrative processing of delinquent notices, increased accounting costs, and lost interest income. Accordingly, if any payment of rent fees and charges as specified in Section 4.01 (RENT) 3.01 in this LICENSE entitled “FEES AND CHARGES" or of any other sum due to the COUNTY is not received by COUNTY by the due date, a late charge of five one and one-half percent (51.5%) of the payment due and unpaid, unpaid plus one hundred dollars ($100) shall be added to the payment. The , and the total sum shall become immediately due and payable to the COUNTY. An additional charge of five one and one-half percent (51.5%) of said payment, excluding late charges, shall be added for each additional month that said payment remains unpaid. TENANT The LICENSEE and the COUNTY hereby agree that such late charges represent a fair and reasonable estimate of the costs that the COUNTY will incur by reason of TENANT’s the LICENSEE's late payment. Acceptance of such late charges (and/or any portion of the overdue payment) by the COUNTY shall in no event constitute a waiver of TENANT’s the LICENSEE's default with respect to such overdue payment, or prevent the COUNTY from exercising any of the other rights and remedies granted hereunder.

CHARGE FOR LATE PAYMENT. TENANT hereby acknowledges that the late payment of rents or any other sums due hereunder will cause COUNTY to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, administrative processing of delinquent notices, increased accounting costs, and lost interest income. Accordingly, if any payment of rent rents as specified in Section 4.01 (the section in this Lease entitled "RENT) " or of any other sum due COUNTY is not received by COUNTY by the due date, a late charge of five one and one-half percent (51.5%) of the payment due and unpaid, unpaid plus one hundred dollars ($100) shall be added to the payment. The , and the total sum shall become immediately due and payable to COUNTY. An additional charge of five one and one-half percent (51.5%) of said payment, excluding late charges, shall be added for each additional month that said payment remains unpaid. TENANT and COUNTY hereby agree that such late charges represent a fair and reasonable estimate of the costs that COUNTY will incur by reason of TENANT’s late payment. Acceptance of such late charges (and/or any portion of the overdue payment) by COUNTY shall in no event constitute a waiver of TENANT’s default with respect to such overdue payment, or prevent COUNTY from exercising any of the other rights and remedies granted hereunder.

CHARGE FOR LATE PAYMENT. TENANT LICENSEE hereby acknowledges that the late payment of rents fees or any other sums due hereunder will cause COUNTY to incur costs not contemplated by this LeaseLicense, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, administrative processing of delinquent notices, increased accounting costs, and lost interest income. Accordingly, if any payment of rent fees as specified in Section 4.01 (RENT) the section in this License entitled "FEES" or of any other sum due COUNTY is not received by COUNTY by the due date, a late charge of five one and one-half percent (51.5%) of the payment due and unpaid, plus one hundred dollars ($100) shall be added to the payment. The total sum shall become immediately due and payable to COUNTY. An additional charge of five one and one-half percent (51.5%) of said payment, excluding late charges, shall be added for each additional month that said payment remains unpaid. TENANT LICENSEE and COUNTY hereby agree that such late charges represent a fair and reasonable estimate of the costs that COUNTY will incur by reason of TENANT’s LICENSEE late payment. Acceptance of such late charges (and/or any portion of the overdue payment) by COUNTY shall in no event constitute a waiver of TENANT’s LICENSEE default with respect to such overdue payment, or prevent COUNTY from exercising any of the other rights and remedies granted hereunder.

CHARGE FOR LATE PAYMENT. TENANT hereby acknowledges that the late payment of rents or any other sums due hereunder will cause COUNTY to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, administrative processing of delinquent notices, increased accounting costs, and lost interest income. Accordingly, if any payment of rent as specified in Section 4.01 (RENT) or of any other sum due COUNTY is not received by COUNTY by the due date, a late charge of five percent (5%) of the payment due and unpaid, unpaid plus one hundred dollars ($100) shall be added to the payment. The , and the total sum shall become immediately due and payable to COUNTY. An additional charge of five percent (5%) of said payment, excluding late charges, shall be added for each additional month that said payment remains unpaid. TENANT and COUNTY hereby agree that such late charges represent a fair and reasonable estimate of the costs that COUNTY will incur by reason of TENANT’s late payment. Acceptance of such late charges (and/or any portion of the overdue payment) by COUNTY shall in no event constitute a waiver of TENANT’s default with respect to such overdue payment, or prevent COUNTY from exercising any of the other rights and or remedies granted hereunderat law or equity.