Common use of Penalty for Late Payment Clause in Contracts

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 Borrower shall also be imposed upon BORROWER incur a two percent (2% %) penalty for any late payment computed upon the amount of any principal and accrued interest whose payment to LENDER Lender is overdue under this loan agreement Agreement and for which LENDER Lender has delivered a notice Notice of default Default to BORROWERBorrower.

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 XXXXX has delivered a notice of default to BORROWER.

Penalty for Late Payment. There shall also be imposed upon BORROWER a 2.05% 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 LXXXXX 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 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 loan agreement 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 21.5% 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 SIXTEEN PERCENT (16%) for any late payment of amounts due under this Loan Agreement and Note, which shall be computed upon the amount of any principal and accrued interest whose payment to the past due amounts owed LENDER is overdue under this loan agreement Loan Agreement and for which LENDER has delivered a notice of default to BORROWERNote.