Common use of Late Fee and Default Interest Clause in Contracts

Late Fee and Default Interest. As noted above, time is of the essence on the repayment of this Note. If this Note is not paid in full within five (5) days of the Maturity Date, there shall be a late fee of eight percent (8%) of the outstanding Principal Amount. There shall accrue additional Late Fees of eight percent (8%) of the then outstanding Principal Amounts hereunder every ten (10) calendar days until repaid in full. In addition to the Late Fee(s), after the Maturity Date, this Note shall accrue interest from the Maturity Date at the rate of eighteen percent (18%) per annum, compounded daily until paid in full (“Default Interest”). Such Default Interest shall be on the outstanding principal amount, the interest due or accrued hereunder and the Late Fee(s).

Late Fee and Default Interest. As noted above, time is of the essence on the repayment of this Note. If this Note is not paid in full within five (5) days of on or before the Maturity Date, there shall be a late fee of eight ten percent (810%) of on the outstanding Principal Amounttotal Obligations or ($8,250). There shall accrue additional Late Fees of eight percent (8%) 10% of the then total outstanding Principal Amounts amounts owed hereunder (principal, plus interest, plus late fees) every ten (10) calendar days until repaid in full. In addition to the Late Fee(s), after the Maturity Date, this Note shall accrue interest from the Maturity Date at the rate of eighteen percent (18%) per annum, compounded daily until paid in full (“Default Interest”). Such Default Interest shall be on the outstanding principal amount, the interest due or accrued hereunder and the Late Fee(s).

Late Fee and Default Interest. As noted above, time is of the essence on the repayment of this Note. If this Note is not paid in full within five (5) days of on or before the Maturity Date, there shall be a late fee of eight ten percent (810%) of the outstanding Principal Amountor ($7,500). There shall accrue additional Late Fees of eight percent (8%) 10% of the then outstanding Principal Amounts amounts owed hereunder (principal, plus interest, plus late fees) every ten (10) calendar days until repaid in full. In addition to the Late Fee(s)addition, after the Maturity Date, this Note shall accrue interest from the Maturity Date at the rate of eighteen percent (18%) per annum, compounded daily until paid in full (“Default Interest”). Such Default Interest shall be on the outstanding principal amount, the interest due or accrued hereunder under the Note and the Late Fee(s).

Late Fee and Default Interest. As noted above, time is of the essence on the repayment of this Note. If this Note is not paid in full within five (5) days of on or before the Maturity Date, there shall be a late fee of eight ten percent (810%) of on the outstanding Principal Amounttotal Obligations or ($8,250). There shall accrue additional Late Fees of eight percent (8%) 10% of the then total outstanding Principal Amounts amounts owed hereunder (principal, plus interest, plus late fees) every ten (10) calendar days until repaid in full. In addition to the Late Fee(s), after the Maturity Date, this Note shall accrue interest from the Maturity Date at the rate of eighteen percent (18%) per annum, compounded daily until paid in full (“Default Interest”). Such Default Interest shall be on the outstanding principal amount, the interest due or accrued hereunder under the Note and the Late Fee(s).

Late Fee and Default Interest. As noted above, time is of the essence on the repayment of this Note. If this Note is not paid in full within five (5) days of on or before the Maturity Date, there shall be a late fee of eight percent eleven thousand dollars (8%) of the outstanding Principal Amount$11,000). There shall accrue additional Late Fees of eight percent (8%) 10% of the then total outstanding Principal Amounts amounts owed hereunder (principal, plus interest, plus late fees) every ten (10) calendar days until repaid in full. In addition to the Late Fee(s), after the Maturity Date, this Note shall accrue interest from the Maturity Date at the rate of eighteen percent (18%) per annum, compounded daily until paid in full (“Default Interest”). Such Default Interest shall be on the outstanding principal amount, the interest due or accrued hereunder and the Late Fee(s).

Late Fee and Default Interest. As noted above, time is of the essence on the repayment of this Note. If this Note is not paid in full within five (5) days of on or before the Maturity Date, there shall be a late fee of eight percent one thousand dollars (8%) of the outstanding Principal Amount$1,000). There shall accrue additional Late Fees of eight percent (8%) 10% of the then total outstanding Principal Amounts amounts owed hereunder (principal, plus interest, plus late fees) every ten (10) calendar days until repaid in full. In addition to the Late Fee(s), after the Maturity Date, this Note shall accrue interest from the Maturity Date at the rate of eighteen percent (18%) per annum, compounded daily until paid in full (“Default Interest”). Such Default Interest shall be on the outstanding principal amount, the interest due or accrued hereunder and the Late Fee(s).

Late Fee and Default Interest. As noted above, time is of the essence on the repayment of this Note. If this Note is not paid in full within five (5) days of on or before the Maturity Date, there shall be a late fee of eight percent ten thousand nine hundred dollars (8%) of the outstanding Principal Amount$10,900). There shall accrue additional Late Fees of eight percent (8%) 10% of the then total outstanding Principal Amounts amounts owed hereunder (principal, plus interest, plus late fees) every ten (10) calendar days until repaid in full. In addition to the Late Fee(s), after the Maturity Date, this Note shall accrue interest from the Maturity Date at the rate of eighteen percent (18%) per annum, compounded daily until paid in full (“Default Interest”). Such Default Interest shall be on the outstanding principal amount, the interest due or accrued hereunder and the Late Fee(s).