Penalty for Late Payment. There shall also be imposed upon BORROWER a 2% penalty for any late payment computed upon the amount of any principal and accrued interest whose payment to LENDER is overdue under this loan agreement and for which XXXXX has delivered a notice of default to BORROWER.
Penalty for Late Payment. If the full amount of a payment installment due is not received by the end of five (5) calendar days after it is due, a late charge equal to ten percent (10%) of the amount due will be imposed. If the full amount of a payment installment due is not received by the end of sixty (60) calendar days after it is due, the County may, at its option, accelerate this note and seek immediate payment of the entire balance remaining unpaid under the note. Landowner waives rights of presentment and notice of dishonor.
Penalty for Late Payment. There shall also be imposed upon BORROWER a 2% penalty for any late payment computed upon the amount of any principal and accrued interest whose payment to LENDER is overdue under this Loan Agreement and for which LENDER has delivered a notice of default to BORROWER.
Penalty for Late Payment. There shall also be imposed upon BORROWER a 2% penalty for any late payment computed upon the amount of any principal and accrued interest whose payment to LENDER is overdue under this Agreement and for which LENDER has delivered a notice of default to BORROWER. For example, if the agreement calls for monthly payments of $500 upon the first day of each month and BORROWER fails to make timely payment of said amount, BORROWER (after receipt of a default notice from LENDER) shall be liable to LENDER for a penalty of $10 (i.e., $500 x 2%) and, to cure the default, the BORROWER must pay to LENDER the overdue loan amount of $500, interest upon the overdue loan amount, and a penalty of $10.
Penalty for Late Payment. 11 8.5 Record Keeping and Financial Audits.........................11
Penalty for Late Payment. A. In the event Producer fails to make timely payment, as herein provided, the following cumulative penalty payments shall be due and payable to the Performer for each day, beginning with the day following the date of default: $3.60 per day for each day up to 25 days (excluding Saturdays, Sundays and holidays which Producer observes) up to a maximum of $90.00. Thereafter, the penalty payment shall cease unless either the Union or the Performer gives written notice to Producer of nonpayment. In the event such notice is given and full payment, including accrued penalties, is not made within 12 working days, Producer shall be liable for an immediate additional penalty of $90.00 plus further penalty payments at the rate of $10.00 per day from the date of the receipt of notice of nonpayment, which shall continue without limitation as to time until the delinquent payment, together with all penalties, is fully paid. Such penalties shall be in addition to any and all other remedies which the Union may have against Producer under this Agreement.
Penalty for Late Payment. Any amount due which is not paid within the period indicated in this Section 8 shall bear interest at the Penalty Rate from the due date until payment is received by the Company.
Penalty for Late Payment. In addition to the remedies provided above, (i) a late charge of $100.00 will be imposed if any payment under this Agreement is not made on the day due, and (ii) all sums due under this Agreement will bear interest at the highest rate allowed by law beginning ten (10) days after they are due.
Penalty for Late Payment. Penalties for late payment will be assessed in accordance with the FACTS Agreement.
Penalty for Late Payment. 13. If, BARROWER fail to deposit monthly said amount on due time in that case a late payment penalty will be imposed. BORROWER have to pay additional 2% of principal amount or TK. 500/= whichever is lower as late payment.
