Common use of Interest on Unpaid Sums Clause in Contracts

Interest on Unpaid Sums. Any sums due to Broker under the terms of this Agreement, and not paid within 30 days after such sums became due, will bear interest at the rate of 10% per annum, and will accrue until paid in full. Extraordinary Services: An hourly fee of $60.00 per hour will be paid to Broker for all necessary or requested tasks not considered normal management duties, and not otherwise defined in this Agreement. This includes but is not limited to: attendance at court proceedings, HOA meetings, HOA hearings. Termination Fees: Additional fees may be due upon Termination of this Agreement pursuant to Section 19 herein.

Appears in 4 contracts

Samples: Management and Brokerage Agreement, Management Agreement, Management and Brokerage Agreement

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