{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "default-interest", "type": "definition", "offset": [0, 16]}, {"key": "late-payment-charges", "type": "definition", "offset": [24, 44]}, {"key": "the-context", "type": "clause", "offset": [74, 85]}, {"key": "in-respect-of", "type": "clause", "offset": [99, 112]}, {"key": "serviced-pari-passu-companion-loan", "type": "definition", "offset": [134, 168]}, {"key": "reo-mortgage-loan", "type": "definition", "offset": [172, 189]}], "size": 92, "snippet": "Default Interest and/or late payment charges that are paid or payable, as the context may require, in respect of any Mortgage Loan or Serviced Pari Passu Companion Loan or REO Mortgage Loan.", "samples": [{"hash": "gbDbXMVwzot", "uri": "/contracts/gbDbXMVwzot#default-charges", "label": "Pooling and Servicing Agreement (SG Commercial Mortgage Securities, LLC)", "score": 26.459274292, "published": true}, {"hash": "hU0bKNpKjVo", "uri": 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After that we charge simple interest, so we will not charge interest on interest. For more about this, see A5. Annual fee \u00a3X Cash transaction fee (any currency) N/A Non-sterling transaction fee (any non-sterling transaction, including cash withdrawals) N/A Promotional balance transfer fee 3% of transfer Promotional money transfer fee 3% of transfer Non-introductory balance transfer fee 0% of transfer Non-introductory money transfer fee 0% of transfer Your minimum payment is late as we did not receive it in cleared funds in full by the payment due date \u00a312 We add fees and default charges (and any interest incurred) to the most relevant balance type set out in A3. For example, we would add a cash transaction fee (including any associated non-sterling transaction fee) and any interest incurred on that fee to the cash transaction balance. We add annual fees, non-sterling transaction fees associated with purchases and any interest incurred on those fees to the purchase balance. We may also charge you reasonable costs for enforcing the agreement, for example court costs, tracing costs and third-party collection costs. If you or we have given notice to end your agreement, we may still apply these fees and charges until you have repaid the full balance.", "samples": [{"hash": "2rTOWgSubd5", "uri": "/contracts/2rTOWgSubd5#default-charges", "label": "Credit Card Agreement", "score": 26.0472278595, "published": true}], "hash": "57af22ab21ac43ac7df80a616bb64a24", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIYZGVmYXVsdC1jaGFyZ2VzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"title": "Default Charges", "size": 271, "snippet": "Default Interest and/or late payment charges that are paid or payable, as the context may require, in respect of any Mortgage Loan or Serviced Pari Passu Companion Loan or REO Mortgage Loan.", "id": "default-charges", "examples": ["<strong>Default Charges</strong> applied to reimburse the Trust pursuant to clause second of Section 3.25(a) shall be deemed to offset payments of Advance Interest in the chronological order in which it accrued with respect to the subject Mortgage Loan or REO Mortgage Loan (whereupon such Advance Interest shall thereafter be deemed to have been paid out of <strong>Default Charges</strong>).", "Consistent with the foregoing, the applicable Master Servicer or the applicable Special Servicer may grant case-by-case waivers of <strong>Default Charges</strong> in connection with a late payment on a Mortgage Loan or Serviced Pari Passu Companion Loan.", "<strong>Default Charges</strong> applied to pay outstanding expenses in respect of the related Trust Mortgage Loan or REO Trust Mortgage Loan, as applicable, pursuant to clause second of subsection (a), shall be applied to pay such expenses in the chronological order in which they were incurred.", "<strong>Default Charges</strong> applied to pay outstanding interest on Advances in respect of the related Trust Mortgage Loan or REO Trust Mortgage Loan, as applicable, to any particular party, pursuant to clause first of subsection (a), shall be applied to pay such party such interest on Advances in such manner that the interest that accrued first and has been outstanding the longest shall be paid first.", "Consistent with the foregoing, the Master Servicer or the Special Servicer may grant case-by-case waivers of <strong>Default Charges</strong> in connection with a late payment on a Mortgage Loan or Serviced Pari Passu Companion Loan.", "Consistent with the foregoing, the Master Servicer or the Special Servicer each may waive any <strong>Default Charges</strong> in connection with any specific delinquent payment on a Mortgage Loan it is obligated to service hereunder.", "<strong>Default Charges</strong> applied to reimburse the Trust pursuant to either clause second or clause fourth of Section 3.27(a) shall be deemed to offset payments of Advance Interest or other Additional Trust Fund Expenses (depending on which clause is applicable) in the chronological order in which they were made or incurred (whereupon such Advance Interest or other Additional Trust Fund Expenses (depending on which clause is applicable) shall thereafter be deemed to have been paid out of <strong>Default Charges</strong>).", "The parties hereto acknowledge that, with regard to each Outside Serviced Trust Mortgage Loan, as and to the extent provided in the related Outside Servicing Agreement and/or the related Co-Lender Agreement, as applicable, amounts in the nature of the foregoing may be payable to one of the related Outside Servicers, and there can be no assurance that any related Prepayment Interest Excesses and/or <strong>Default Charges</strong> shall be Received by the Trust with respect to an Outside Serviced Trust Mortgage Loan.", "Consistent with the foregoing, the Master Servicer or the Special Servicer may grant case-by-case waivers of <strong>Default Charges</strong> in connection with a late payment on a Mortgage Loan or Serviced Companion Loan.", "The term &quot;<strong>Default Charges</strong>&quot; used in this paragraph includes, but is not limited to, prepayment penalties, late fees, other <strong>default charges</strong>, and escalated interest after default due under the Third Party Loan."], "related": [["net-default-charges", "Net Default Charges", "Net <strong>Default Charges</strong>"], ["default-costs", "Default Costs", "Default Costs"], ["prepayment-charges", "Prepayment Charges", "Prepayment Charges"], ["prepayment-charge", "Prepayment Charge", "Prepayment Charge"], ["default-excess", "Default Excess", "Default Excess"]], "related_snippets": [], "updated": "2025-07-10T05:58:13+00:00"}, "json": true, "cursor": ""}}