Default Fee Clause Samples

Default Fee. Upon the occurrence of either an Event of Default or a Default has occurred or is continuing the Sellers shall pay the Default Fee to Buyer.

Default Fee. If CEMEX fails to pay any amount when due hereunder, whether of the Base Deferral Fee or otherwise, and whether due to acceleration or otherwise, CEMEX shall pay to the Seller a fee (the "Default Fee") on such amount for each day such past due amount remains unpaid, payable on demand, at the rate equal to the sum of (i) the Base Deferral Fee Rate, plus (ii) two percent (2%) per annum.

Default Fee. Upon the Occurrence of any Event of payment sales with any party other than SFSI without all or substantially all of its assets; (g) Borrower Default, and written notice to Borrower thereof, its written permission. makes or sends notice of any intended bulk sale or Borrower shall pay to SFSI a default fee ("Default

Default Fee. Upon the Occurrence of any Event of Default, and written notice to Merchant thereof, Merchant shall pay to PURCHASER a default fee (“Default Fee”) of $2,500. This Default Fee shall be payable on demand and stand in addition to any other fees or penalties outlined within this Agreement, the Merchant Security Agreement or Guaranty.

Default Fee. If any payment of yours is cancelled or is not cleared by your bank, we are entitled to charge you a default or processing fee.

Default Fee. Upon the occurrence and during the continuation of any Event of Default, the Letter of Credit Fee shall accrue at a per annum rate 2% greater than the rate which would otherwise be applicable.

Default Fee. In the event the transactions contemplated by this Agreement are not consummated due to a default of this Agreement by the Buyers, the Seller shall be paid the ▇▇▇▇▇▇▇ Money Deposit as a default fee. In the event (i) the transactions contemplated by this Agreement are not consummated due to a default of this Agreement by the Seller, and (ii) the Buyers are unable, despite the Buyers' good faith efforts, to obtain specific performance pursuant to Section 7(d), and (iii) an application to assign the Licenses of the Stations to any party other than the Buyers is filed with the FCC and consummated within fifteen (15) months from the date this Agreement is terminated, then the Seller shall pay to the Buyers the sum of Six Hundred Thirty-Seven Thousand Five Hundred and 00/100 Dollars ($637,500.00) as a default fee.

Default Fee. After the occurrence of an Event of Default, the Obligations shall bear interest at a rate equal to 5% above the rate that would otherwise apply. In addition, upon the occurrence of such Event of Default, Borrowers shall pay to Agility a fee of $5,000, and an additional $5,000 on each thirtieth day thereafter for so long as the Event of Default continues. The terms of this paragraph shall not be construed as Agility’s consent to Borrowers’ failure to pay any amounts in strict accordance with this Agreement, and Agility’s charging any such fees and/or acceptance of any such payments shall not restrict Agility’s exercise of any remedies arising out of any such failure.

Default Fee. For each calendar day after the Loan Termination Date, the Redelivery Day, or the Recall Delivery Day (whichever is applicable) on which Borrower has not returned any Loaned Currency by the relevant due date or failed to timely pay when due any fees or other amounts hereunder, and for each calendar day during any period in which an Event of Default has occurred and is continuing, Borrower shall incur an additional fee (the “Default Fee”) that is equal to the sum of (i) two percent (2%) (annualized, calculated daily) on all outstanding portions of the Total Loan Balance, including accrued and unpaid fees and expenses, and (ii) any losses, costs, expenses or other damages reasonably incurred by Lender as a result of such late return, payment or Event of Default (including, in case of a failure by Borrower to return Loaned Currency by the relevant due date, any relevant and reasonable borrowing costs or hedging costs (including any reasonable break costs, amounts required to be posted as collateral or borrowing costs incurred in order to borrow required collateral amounts in connection with such hedging arrangements) that are incurred by Borrower in order to (x) borrow such Loaned Currency, or (y) synthetically borrow, by purchasing and simultaneously entering into hedging arrangements to minimize its exposure to the purchased position in such Loaned Currency, in each case in (x) and (y), in an amount up to the amount of the relevant insufficiency in such Loaned Currency), which shall be reasonably calculated by Lender and payable by Borrower in addition to the Loan Fee. Any Default Fee imposed by Lender resulting from an event that constitutes an Event of Default shall not constitute a waiver of any such Event of Default.