Common use of Late Clause in Contracts

Late. CHARGE Borrower shall pay a late charge equ▇▇ ▇▇ ▇▇ve percent (5%) of the amount of each scheduled monthly principal and interest payment that is not received by Lender on or before the tenth day of the calendar month in which it is due. Late charges shall be paid on or before the tenth day of the calendar month following the month during which they accrue. Interest on unpaid late charges shall, at Lender's discretion, accrue at ▇▇▇ ▇▇te Rate beginning on the first day of the calendar month following their accrual.

Appears in 2 contracts

Sources: Secured Promissory Note (American Industrial Properties Reit Inc), Secured Promissory Note (American Industrial Properties Reit Inc)

Late. CHARGE Borrower shall pay a late charge equ▇▇ ▇charg▇ ▇▇ve ▇▇▇ to five percent (5%) of the amount of each scheduled monthly principal and interest payment that is not received by Lender on or before the tenth day of the calendar month in which it is due. Late charges shall be paid on or before the tenth day of the calendar month following the month during which they accrue. Interest on unpaid late charges shall, at Lender's discretion, accrue at ▇accru▇ ▇▇ ▇▇te he Note Rate beginning on the first day of the calendar month following their accrual.

Appears in 1 contract

Sources: Secured Promissory Note (American Industrial Properties Reit Inc)

Late. CHARGE Borrower shall pay a late charge equequal to f▇▇ ▇▇ve percent ▇▇ent (5%) of the amount of each scheduled monthly principal and interest payment that is not received by Lender on or before the tenth day of the calendar month in which it is due. Late charges shall be paid on or before the tenth day of the calendar month following the month during which they accrue. Interest on unpaid late charges shall, at Lender's discretion, accrue at the Not▇ ▇▇▇▇ ▇▇te Rate beginning on the first day of the calendar month following their accrual.

Appears in 1 contract

Sources: Secured Promissory Note (American Industrial Properties Reit Inc)

Late. CHARGE Borrower shall pay a late charge equcha▇▇ ▇▇ve ▇▇l to five percent (5%) of the amount of each scheduled monthly principal and interest payment that is not received by Lender on or before the tenth day of the calendar month in which it is due. Late charges shall be paid on or before the tenth day of the calendar month following the month during which they accrue. Interest on unpaid late charges shall, at Lender's discretion, accrue at acc▇▇▇ ▇▇te ▇ the Note Rate beginning on the first day of the calendar month following their accrual.

Appears in 1 contract

Sources: Secured Promissory Note (American Industrial Properties Reit Inc)

Late. CHARGE Borrower shall pay a late charge equ▇▇ equal ▇▇ ▇▇ve ▇▇ percent (5%) of the amount of each scheduled monthly principal and interest payment that is not received by Lender on or before the tenth day of the calendar month in which it is due. Late charges shall be paid on or before the tenth day of the calendar month following the month during which they accrue. Interest on unpaid late charges shall, at Lender's discretion, accrue at th▇ ▇▇▇▇ ▇▇te Rate beginning on the first day of the calendar month following their accrual.

Appears in 1 contract

Sources: Secured Promissory Note (American Industrial Properties Reit Inc)

Late. CHARGE Borrower shall pay a late charge equ▇▇▇▇▇ ▇▇ ▇▇ve five percent (5%) of the amount of each scheduled monthly principal and interest payment that is not received by Lender on or before the tenth day of the calendar month in which it is due. Late charges shall be paid on or before the tenth day of the calendar month following the month during which they accrue. Interest on unpaid late charges shall, at Lender's discretion, accrue at ▇▇▇ ▇▇te ▇ Note Rate beginning on the first day of the calendar month following their accrual.

Appears in 1 contract

Sources: Secured Promissory Note (American Industrial Properties Reit Inc)