Common use of Late Payment Charge Clause in Contracts

Late Payment Charge. If any principal, interest or any other sum due under the Loan Documents (including the Outstanding Principal Balance due and payable on the Maturity Date) is not paid by Borrower on the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of (a) five percent (5%) of such unpaid sum or (b) the maximum amount permitted by applicable law in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum due under the Loan Documents (including Documents, other than the Outstanding Principal Balance payment of principal due and payable on the Maturity Date) , is not paid by Borrower on the date on which it is due, Borrower shall pay to Lender upon promptly following demand therefor an amount equal to the lesser of (a) five percent (5%) of such unpaid sum or (b) the maximum amount permitted by applicable law Applicable Law in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principal, interest or any other sum sums due under the Loan Documents (including Documents, other than the payment of the Outstanding Principal Balance due and payable on the Maturity Date) , is not paid by Borrower on Borrowers by the date on which it is due, Borrower Borrowers shall pay to Lender upon demand an amount equal to the lesser of (a) five percent (5%) of such unpaid sum or (b) the maximum amount permitted by applicable law law, in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount late payment charge shall be secured by the Security Instrument Mortgage and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum sums due under the Loan Documents (including excluding the Outstanding Principal Balance amounts due and payable on the Maturity Date) is are not paid by Borrower on or prior to the date on which it is five calendar (5) days after the date such payment is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of (a) five three percent (53%) of such unpaid sum or (b) the maximum amount permitted by applicable law Maximum Legal Rate in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument Mortgage and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum sums due under the Loan Documents (including excluding the Outstanding Principal Balance balloon payment due and payable on the Maturity Date) is are not paid by Borrower on or before the date on which it is due, Borrower shall pay to Administrative Agent for the account of each Lender upon demand an amount equal to the lesser of (a) five three percent (53%) of such unpaid sum or (b) and the maximum amount permitted by applicable law Maximum Legal Rate in order to defray the expense incurred by Lender Lenders in handling and processing such delinquent payment and to compensate Lender Lenders for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument Mortgages and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum sums due under the Loan Documents (Documents, including the Outstanding Principal Balance payment of principal due and payable on the Maturity Date) , is not paid by Borrower on Borrowers by the date on which it is due, Borrower Borrowers shall pay to Lender upon demand an amount equal to the lesser of (a) five percent (5%) of such unpaid sum or sum, and (b) the maximum amount permitted by applicable law law, in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument Mortgages and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum due under the Loan Documents (including Documents, other than the Outstanding Principal Balance payment of principal and any other amounts due and payable on the Maturity Date) , is not paid by Borrower on or before the date on which it is due, Borrower shall pay to Lender Agent upon demand an amount equal to the lesser of (a) five percent (5%) of such unpaid sum or (b) the maximum amount permitted by applicable law in order to defray the expense incurred by Lender Agent in handling and processing such delinquent payment and to compensate Lender Agent and Lenders for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument Mortgage and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principal, interest or any other sum sums due under the Loan Documents (including Documents, excluding the Outstanding Principal Balance payment of principal due and payable on the Maturity Date) , is not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of (a) five percent (5%) of such unpaid sum or sum, and (b) the maximum amount permitted by applicable law Maximum Legal Rate, in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum sums due under the Loan Documents (Documents, including the Outstanding Principal Balance payment of principal due and payable on the Maturity Date) , is not paid by Borrower on by the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of (a) five percent (5%) of such unpaid sum or sum, and (b) the maximum amount permitted by applicable law law, in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument Pledge Agreement and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum sums due under the Loan Documents (including Documents, other than the payment of the Outstanding Principal Balance due and payable on the Maturity Date) , is not paid by Borrower on Borrowers by the date on which it is due, Borrower Borrowers shall pay to Lender upon demand an amount equal to the lesser of (a) five percent (5%) of such unpaid sum or (b) the maximum amount permitted by applicable law law, in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount late payment charge shall be secured by the Security Instrument Pledge Agreements and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum sums due under the Loan Documents (Documents, including the Outstanding Principal Balance payment of principal due and payable on the Maturity Date) , is not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of (a) five percent (5%) of such unpaid sum or sum, and (b) the maximum amount permitted by applicable law Maximum Legal Rate, in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument Instruments and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum due Lender under the Loan Documents (including Documents, other than the Outstanding Principal Balance payment of principal due and payable on the Maturity Date) , is not paid by Borrower on the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of (a) five three percent (53%) of such unpaid sum or (b) the maximum amount permitted by applicable law (a “Late Payment Charge”) in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument Mortgage and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principal, interest or any other sum due under the Loan Documents (including Documents, other than the Outstanding Principal Balance payment of principal and any other amounts due and payable on the Maturity Date) , is not paid by Borrower on or before the date on which it is due, Borrower shall pay to Lender Agent upon demand an amount equal to the lesser of (a) five percent (5%) of such unpaid sum or (b) the maximum amount permitted by applicable law in order to defray the expense incurred by Lender Agent in handling and processing such delinquent payment and to compensate Lender Agent and Lenders for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument Pledge Agreement and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principal, interest or any other sum sums due under the Loan Documents Documents, (including other than the Outstanding Principal Balance payment of principal due and payable on the Maturity Date) ), is not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of (a) five percent (5%) of such unpaid sum or sum, and (b) the maximum amount permitted by applicable law Maximum Legal Rate, in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum sums due (other than the payment of the principal balance of the Note at maturity, whether by acceleration or otherwise) under the Loan Documents (including the Outstanding Principal Balance due and payable on the Maturity Date) is not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of (a) five four percent (54%) of such unpaid sum or (b) the maximum amount permitted by applicable law Maximum Legal Rate in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument Mortgage and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum sums due under the Loan Documents (including other than the Outstanding Principal Balance payment of principal due and payable on the Maturity Date) is not paid by Borrower on by the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of (a) five four percent (54%) of such unpaid sum or (b) the maximum amount permitted by applicable law law, in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument Mortgage and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum sums due under the Loan Documents (including other than the Outstanding Principal Balance payment of principal due and payable on the Maturity Date) is not paid by Borrower on by the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of (a) five percent (5%) of such unpaid sum or sum, and (b) the maximum amount permitted by applicable law law, in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount late payment charge shall be secured by the Security Instrument Pledge Agreement and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum due under the Loan Documents (including excluding the Outstanding Principal Balance due and payable on the Maturity Date) is not paid by Borrower on the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of (a) five percent (5%) of such unpaid sum or (b) the maximum amount permitted by applicable law in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum sums due under the Loan Documents (Documents, including the Outstanding Principal Balance payment of principal due and payable on the Maturity Date) , is not paid by Borrower on Borrowers by the date on which it is due, Borrower Borrowers shall pay to Lender upon demand an amount equal to the lesser of (a) five percent (5%) of such unpaid sum or sum, and (b) the maximum amount permitted by applicable law law, in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount late payment charge shall be secured by the Security Instrument Pledge Agreement and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum due under the Loan Documents (including other than the Outstanding Principal Balance due and payable on the Maturity Date) is not paid by Borrower on the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of (a) five percent (5%) of such unpaid sum or (b) the maximum amount permitted by applicable law in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum due under the Loan Documents (including Documents, other than the Outstanding Principal Balance payment of principal and any other amounts due and payable on the Maturity Date) , is not paid by Borrower on or before the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of (a) five percent (5%) of such unpaid sum or (b) the maximum amount permitted by applicable law in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument Mortgage and the other Loan Documents to the extent permitted by applicable lawDocuments.

Late Payment Charge. If any principal, interest or any other sum due under the Loan Documents (including excluding the Outstanding Principal Balance due and payable on the Maturity Date) is not paid by Borrower on the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of (a) five four percent (54%) of such unpaid sum or (b) the maximum amount permitted by applicable law Maximum Legal Rate in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument Pledge Agreement and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum due under the Loan Documents (including other than the Outstanding Principal Balance due and payable on the Maturity Date) is not paid by Borrower Borrowers on the date on which it is due, Borrower Borrowers shall pay to Lender upon demand an amount equal to the lesser of (a) five four percent (54%) of such unpaid sum or (b) the maximum amount permitted by applicable law in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument Mortgages and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum sums due under the Loan Documents (Documents, including the Outstanding Principal Balance payment of principal due and payable on the Maturity Date) , is not paid by Borrower on by the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of (a) five percent (5%) of such unpaid sum or sum, and (b) the maximum amount permitted by applicable law law, in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument Mortgage and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum sums due under the Loan Documents (including Documents, excluding the Outstanding Principal Balance payment of principal due and payable on the Maturity Date) , is not paid by Borrower on by the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of (a) five percent (55.0%) of such unpaid sum or sum, and (b) the maximum amount permitted by applicable law in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument Pledge and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum due under the Loan Documents (including the Outstanding Principal Balance due and payable on the Maturity Date) principal is not paid by Borrower on the date on which it is due or if any interest or any other sums due under the Loan Documents is not paid by Borrower within two (2) Business Days after the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of (a) five percent (5%) of such unpaid sum or (b) the maximum amount permitted by applicable law in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument Mortgages and the other Loan Documents to the extent permitted by applicable law.Documents. Section 2.7

Late Payment Charge. If any principal, interest or any other sum sums due under the Loan Documents (including other than the Outstanding Principal Balance payment of principal due and payable on the Maturity Date) is not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of (a) five four percent (54%) of such unpaid sum or sum, and (b) the maximum amount permitted by applicable law Maximum Legal Rate, in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum due under the Loan Documents (including other than the Outstanding Principal Balance due and payable on the Maturity Date) is not paid by Fee Borrower on the date on which it is due, Fee Borrower shall pay to Lender upon demand an amount equal to the lesser of (a) five four percent (54%) of such unpaid sum or (b) the maximum amount permitted by applicable law in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument Mortgage and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum due under the Loan Documents (including other than the Outstanding Principal Balance due and payable on the Maturity Date) is not paid by Borrower on the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of (a) five four percent (54%) of such unpaid sum or (b) the maximum amount permitted by applicable law Maximum Legal Rate times such unpaid sum in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Borrower Security Instrument Agreement, the Mortgage Documents and the other Loan Documents to the extent permitted by applicable law.

Late Payment Charge. If any principal, interest or any other sum due under the Loan Documents (including excluding the Outstanding Principal Balance due and payable on the Maturity Date) is not paid by Borrower on the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of (a) five four percent (54%) of such unpaid sum or (b) the maximum amount permitted by applicable law Maximum Legal Rate in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Security Instrument and the other Loan Documents to the extent permitted by applicable law.