Unpaid Fees. Operator shall pay to Authority interest at the rate of eighteen percent (18%) per annum on any payments not made within ten (10) days after the amounts are due with such interest accruing from the due date until paid. Acceptance of late payments by Authority shall not constitute a waiver of Operator’s default by Authority with respect to such overdue amount, nor prevent Authority from terminating this Agreement for default in the payment of rentals, fees or charges due to Authority pursuant to this Agreement or from enforcing any other provisions, rights, or remedies granted herein, or conferred by law.
Appears in 3 contracts
Samples: Valet Parking Concession Agreement, Valet Parking Concession Agreement, Services Concession Agreement
Unpaid Fees. Operator shall pay to Authority interest at the rate of eighteen percent (18%) per annum on any payments not made within ten (10) days after the amounts are due with such interest accruing from the due date until paid. Acceptance of late payments by Authority shall not constitute a waiver of Operator’s default by Authority with respect to such overdue amount, nor prevent Authority from terminating this Agreement for default in the payment of rentals, fees or charges due to Authority pursuant to this Agreement or from enforcing any other provisions, rights, or remedies granted herein, or conferred by law.. Deleted: ¶
Appears in 1 contract
Samples: Valet Parking Concession Agreement
