Common use of Description Amount Clause in Contracts

Description Amount. Late Payment Fee A fee charged if you do not make any payment due under this ISA on or before the 10th day after the due date. Any payment received after 6:00 PM Eastern time on a Business Day is deemed received on the next Business Day. The lesser of $5 and 5% of the payment amount due Returned Payment Fee A fee charged if any payment is returned or fails due to insufficient funds in your account or for any other reason. $25 ($20 for NY residents)

Appears in 2 contracts

Sources: Working Paper, Income Share Agreement