Common use of A Late Payment Clause in Contracts

A Late Payment. Fee if we do not receive at least the total minimum payment due on your account by 5:00 p.m. (ET) on the due date shown on your statement. The amount of the late payment fee will be equal to: (1) $25 if you have paid at least your total minimum payment due by the payment due date in each of the prior six billing cycles or

A Late Payment. Fee if we do not receive at least the total minimum payment due on your account by 5:00 p.m. (ET) on the due date shown on your statementdate. The amount of the late payment fee will be equal to: (1) $25 if you have paid at least based on your total minimum account balance on the date the late payment due by the payment due date in each of the prior six billing cycles orfee is posted to your account.