Fees; Penalties Clause Samples
The "Fees; Penalties" clause defines the financial charges and punitive costs that may be imposed under the agreement. It typically outlines the types of fees payable for services rendered, late payments, or administrative actions, and specifies penalties for breaches such as missed deadlines or non-compliance. By clearly stating these monetary obligations and consequences, the clause ensures both parties understand the financial implications of their actions, thereby promoting compliance and reducing disputes over payments.
Fees; Penalties. The Funding Lender shall not be liable for the payment of any compensation or any accrued unpaid fees, costs, expenses or penalties otherwise owed by the Borrower or any subsequent owner of the Project prior to the date of acquisition of the Project by the Funding Lender, whether such acquisition is by foreclosure, deed-in-lieu of foreclosure or comparable conversion of the Project Loan.
Fees; Penalties. The Agencies agree that community solar projects participating in the Connector may not impose upfront fees or down payments, termination or exit fees, late fees, or any other financial penalties to participating households.
Fees; Penalties. ▇▇▇▇▇▇▇ Mac shall not be liable for the payment of any compensation or any accrued unpaid fees, costs, expenses or penalties otherwise owed by the Borrower or any subsequent owner of the Project prior to the date of acquisition of the Project by ▇▇▇▇▇▇▇ Mac, whether such acquisition is by foreclosure, deed-in-lieu of foreclosure or comparable conversion of the Bond Mortgage Loan.