Common use of Late Payment Fees Clause in Contracts

Late Payment Fees. Payments of principal and/or interest not made in full before the date five (5) Business Days after the date due shall be subject to a processing charge of five percent (5%) of the payment due.

Appears in 7 contracts

Samples: Credit Facility Agreement (Iec Electronics Corp), Credit Facility Agreement (Iec Electronics Corp), Credit Facility Agreement (Iec Electronics Corp)

AutoNDA by SimpleDocs

Late Payment Fees. Payments of principal and/or interest not made in full before the date five (5) Business Days days after the date due shall be subject to a processing charge of five percent (5%) of the payment due.

Appears in 5 contracts

Samples: Credit Facility Agreement (Phoenix Footwear Group Inc), Revolving Credit and Term Loan Agreement (Phoenix Footwear Group Inc), Revolving Credit and Term Loan Agreement (Phoenix Footwear Group Inc)

AutoNDA by SimpleDocs

Late Payment Fees. Payments of principal and/or interest not made in full before received within ten (10) days of the date five (5) Business Days after the date such payment is due shall be subject to a processing late charge of five percent (5%) of the payment duesuch payment.

Appears in 2 contracts

Samples: Credit Facility Agreement (Anaren Microwave Inc), Credit Facility Agreement (Anaren Microwave Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.