Late Charge definition

Late Charge shall have the meaning set forth in Section 13.09 hereof.
Late Charge means the lesser of five percent (5%) of the payment due or the maximum amount permitted by the law of the state where the Equipment is located.
Late Charge means the lesser of (i) five percent (5%) of any unpaid amount and (ii) the maximum late charge permitted to be charged under the laws of the State of New York.

Examples of Late Charge in a sentence

  • Fees Late Charge: Either $10 if you are not fewer than 10 days late or $15 if you are not fewer than 15 days late, and in no event greater than the maximum allowed by applicable law, except where it is necessary to employ a field agent and such has been employed as part of the collections process, in which case the Late Payment Fee will be 5% of the amount overdue.

  • Landlord may levy and collect a Late Fee and/or a Late Charge in addition to all other remedies available for Tenant’s failure to pay Rent (or other payment due from Tenant).

  • These documents will include Jacuzzi Rules and Conduct, Lead Paint Disclosure, Procedures to Correct Issues or Problems with Rental Form, Cable/Internet Reconnection, Late Charge Schedule, and Pet Permission forms(if applicable).

  • The provisions of this Section 2.4 in no way relieve Tenant of the obligation to pay Monthly Rent or any other sum on or before the date due hereunder, nor does the Landlord’s collection and receipt of any Late Charge preclude Landlord from exercising any other remedy available to Landlord at law or equity, or as expressly set forth in this Lease.

  • Parent understands and agrees that a Late Charge of $15.00 will be added for any delinquent payment (which is defined as a payment not received within 5 days after the due date- end of business on the 25th and the 10th (semi-monthly payees) day(s) of the month).

More Definitions of Late Charge

Late Charge is imposed for the purpose of defraying the expenses of a Lender incident to handling such defaulting payment. This charge shall be in addition to, and not in lieu of, any other remedy Lenders may have and is in addition to any fees and charges of any agents or attorneys which Administrative Agent or Lenders may employ upon the occurrence of a Default, whether authorized herein or by Law.
Late Charge has the meaning provided in Section 2.4.
Late Charge means the amount due and payable as a late charge on overdue payments under the Borrower Note, as provided in Section 7 of the Borrower Note and Section 2.5 hereof.
Late Charge. As such term is defined in Section 4.6. Laws: Collectively, all federal, state and local laws, statutes, codes, ordinances, orders, rules and regulations, including judicial opinions or precedential authority in the applicable jurisdiction.
Late Charge shall have the meaning specified in paragraph 2(e)(i)(B) of Part I of this Section 12.1.
Late Charge equal to five percent (5%) of the amount of any payment of principal (other than principal due on the Maturity Date of the Loan), interest, or both, which is not paid in full within ten (10) days of the due date thereof. Late charges (a) are payable in addition to, and not in limitation of, the Default Rate, (b) are intended to compensate the Lead Lender for administrative and processing costs incident to late payments, (c) are not interest and (d) shall not be subject to refund or rebate or credited against any other amount due.
Late Charge equal to five percent (5%) of such unpaid amount will be due and payable immediately by Tenant to Landlord.