Common use of Other Applicable Charges Clause in Contracts

Other Applicable Charges. You will also be responsible for the following charges: (i) If Membership Fees or any other outstanding fees are not paid by the due date, you will be subject to a $50 late fee. (ii) Delinquent payment of Total Fees shall bear interest at the rate of 18% per annum (or the highest rate permitted by law, if less) from the due date of the Total Fees until paid in full. (iii) If credit card charge attempts are declined, in addition to interest accrued, Phase Two may impose a $50 fee on the Membership and/or immediately cancel the Membership, in the sole discretion of Phase Two. (iv) All checks or bank drafts that are returned unpaid by your bank, in addition to accrued interest on the unpaid amount will be subject to a $50 surcharge unless the reason for the return is due to Phase Two’s or Phase Two’s bank error. (v) Phase Two may charge you a replacement fee for lost, damaged or non-returned items. The current charges are shall: fobs ($100), access cards ($25 each), office keys ($25 each), locker keys ($25 each), bicycle locker keys ($50 each), etc. If locks have to be changed or replaced due to lost keys, there will be additional charges being the cost of the replacement plus a $50 administration fee for each lost item or service required, plus the key cost.