Common use of Late Payment Penalty Clause in Contracts

Late Payment Penalty. Lessee shall be liable for a penalty in the amount of $100 for each failure to make payment in accordance with the payment schedule. This penalty shall be in addition to any other remedy that might be available to the Lessor under New Jersey law for breach of this Lease by the Lessee.

Late Payment Penalty. Lessee shall be liable for a penalty in the amount of $100 50 per day for each failure to make payment in accordance with the payment schedule. This penalty shall be in addition to any other remedy that might be available to the Lessor under New Jersey law for breach of this Lease by the Lessee.