Interest & Attorney’s Fees. If Tenant fails to pay the City any amounts payable under this Agreement when due, following receipt by Tenant of notice thereof from the City, such past-due payments shall bear interest from the date due until paid at the rate of six percent (6%) per annum. In addition, Tenant shall pay all reasonable out-of-pocket costs and expenses of collection (including court costs and reasonable attorneys’ fees) incurred by the City in collecting sums due under this Agreement.
Appears in 5 contracts
Samples: Garage Parking Agreement, www.norfolk.gov, Garage Parking Agreement
