FILING FINE Sample Clauses
The Filing Fine clause establishes a monetary penalty that must be paid if certain documents or filings are not submitted on time or in accordance with specified requirements. Typically, this clause applies to parties responsible for regulatory, legal, or contractual filings, and the fine serves as a deterrent against late or improper submissions. Its core practical function is to encourage timely compliance and ensure that all necessary paperwork is handled promptly, thereby reducing administrative delays and potential legal complications.
FILING FINE. In the event of collection of the debt originating from this Agreement in Court, the BENEFICIARY shall pay a fine of ten percent (10%) of the principal and debt charges, in addition to extrajudicial and judicial expenses and attorneys’ fees due as from the filing date of the action for collection.
FILING FINE. 17.1 In the event of a judicial collection of debt arisen from this Onlending Agreement, the Beneficiary shall incur in a fine of ten percent (10%) applicable over the principal and debt charge due by the Beneficiary, in addition to the extrajudicial and judicial expenses and attorneys fees from the first decision of the competent authority on the Collecting Motion.