PARAGRAPH SECOND. Delay in payment of values agreed hereunder shall entitle LESSOR to collect a compensatory fine of 2% (two percent) on the debt balance due, adjusted by the General Price Index-Market (IGP-M) of Fundação ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, plus interest of 1% (one percent) on a monthly basis, and attorneys’ fees, irrespective of any court action. In the latter case, fees shall only be due as from collection by the authorized lawyer.
Appears in 2 contracts
Sources: Non Residential Property Lease Agreement (Canuelas Mill S.A.C.I.F.I.A.), Non Residential Property Lease Agreement (Canuelas Mill S.A.C.I.F.I.A.)