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Common use of Default Fees Clause in Contracts

Default Fees. Default fees in the amount of Five Hundred Dollars ($500) paid by borrowers will be payable to the Manager in its capacity as Servicer.

Appears in 6 contracts

Sources: Limited Liability Company Operating Agreement (Circle of Wealth Fund III LLC), Operating Agreement (Circle of Wealth Fund III LLC), Operating Agreement (Circle of Wealth Fund III LLC)

Parent Clauses

  • City’s Remedies
  • Reasonableness of Liquidated Charges and Fees
  • Compliance with City’s Risk Management Requirements
  • Default
  • Licensee Carrier Customers

Sub-Clauses

  • Property Management Fee
  • Operating Expenses
  • Rehabilitation Fees
  • Late Fees and Late Charges
  • Other Loan Fees
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