Common use of Late Fee; Default Rate Clause in Contracts

Late Fee; Default Rate. If any payment is not made within ten (10) days after the date such payment is due, Borrower shall pay Bank a late fee equal to the lesser of (i) five percent (5%) of the amount of such unpaid amount or (ii) the maximum amount permitted to be charged under applicable law. No late fee shall be charged on any payments not timely made to Bank solely due to Bank’s clerical or administrative error. All Obligations shall bear interest, from and after the occurrence and during the continuance of an Event of Default, at a rate equal to five (5) percentage points above the interest rate applicable immediately prior to the occurrence of the Event of Default.

Late Fee; Default Rate. If At the election of Bank, if any payment is not made within ten (10) days after the date such payment is due, Borrower Borrowers shall pay Bank a late fee equal to the lesser of (i) five percent (5%) of the amount of such unpaid amount or (ii) the maximum amount permitted to be charged under applicable law. No late fee shall , not in any case to be charged on any payments not timely made to Bank solely due to Bank’s clerical or administrative errorless than Twenty-Five Dollars ($25). All Obligations shall bear interest, from and after the occurrence and during the continuance of an Event of Default, at a rate equal to five (5) percentage points above the interest rate applicable immediately prior to the occurrence of the Event of Default.

Late Fee; Default Rate. If any payment is not made within ten (10) days Business Days after the date such payment is due, Bank shall notify Borrower. If Borrower has not made such payment within two (2) Business Days after receiving notice, Borrower shall pay Bank a late fee equal to the lesser of (i) five percent (55.00%) of the amount of such unpaid amount or (ii) the maximum amount permitted to be charged under applicable law. No late fee shall be charged on any payments not timely made to Bank solely due to Bank’s clerical or administrative errorApplicable Law. All Obligations shall bear interest, from and after the occurrence and during the continuance of an Event of Default, at a rate equal to five two (52.00) percentage points above the interest rate applicable immediately prior to the occurrence of the Event of Default.

Late Fee; Default Rate. If any payment is not made within ten (10) days after the date such payment is due, Borrower shall pay Bank a late fee equal to the lesser of (i) five percent (5%) of the amount of such unpaid amount or (ii) the maximum amount permitted to be charged under applicable law. No late fee shall , not in any case to be charged on any payments not timely made to Bank solely due to Bank’s clerical or administrative errorless than Twenty-Five Dollars ($25). All Obligations shall bear interest, from and after the occurrence and during the continuance of an Event of Default, at a rate (the “Default Rate”) equal to five (5) percentage points above the interest rate applicable immediately prior to the occurrence of the Event of Default.

Late Fee; Default Rate. If any payment is not made within ten (10) days after the date such payment is due, Borrower shall pay Bank Lender a late fee equal to the lesser of (i) five percent (5%) of the amount of such unpaid amount or (ii) the maximum amount permitted to be charged under applicable law. No , provided, however, no such late fee shall may be charged on by Lender with respect to any payments not timely made to Bank solely payment of principal due to Bank’s clerical upon the Revolving Maturity Date or administrative errorby reason of acceleration of the Credit Extensions. All Obligations shall bear interest, from and after the occurrence and during the continuance of an Event of Default, at a rate equal to five (5) percentage points above the interest rate applicable immediately prior to the occurrence of the Event of Default.

Late Fee; Default Rate. If any payment is not made within ten (10) days after the date such payment is due, Borrower shall pay Bank a late fee equal to the lesser of (i) five three percent (53%) of the amount of such unpaid amount or (ii) the maximum amount permitted to be charged under applicable law. No late fee shall Upon notice from Bank (which notice may be charged on any payments not timely made retroactive to Bank solely due to Bank’s clerical or administrative error. All the date of the applicable Event of Default) all Obligations shall bear interest, from and after the occurrence and during the continuance of an Event of Default, at a rate equal to five three (53) percentage points above the interest rate applicable immediately prior to the occurrence of the Event of Default.

Late Fee; Default Rate. If any payment is not made within ten (10) days after the date such payment is due, Borrower shall pay Bank a late fee equal to the lesser of (i) five percent (55.00%) of the amount of such unpaid amount or (ii) the maximum amount permitted to be charged under all applicable law. No late fee shall laws and regulations, not in any case to be charged on any payments not timely made to Bank solely due to Bank’s clerical or administrative errorless than Twenty-Five Dollars ($25). All Obligations shall bear interest, from and after the occurrence and during the continuance of an Event of Default, at a rate equal to five (5) percentage points above the interest rate applicable immediately prior to the occurrence of the Event of Default.. (c)

Late Fee; Default Rate. If any payment is not made within ten (10) days Business Days after the date such payment is due, Bank shall notify Borrower. If Borrower has not made such payment within one Business Day after receiving notice, Borrower shall pay Bank a late fee equal to the lesser of (i) five percent (55.00%) of the amount of such unpaid amount or (ii) the maximum amount permitted to be charged under applicable law. No late fee shall be charged on any payments not timely made to Bank solely due to Bank’s clerical or administrative errorApplicable Law. All Obligations shall bear interest, from and after the occurrence and during the continuance of an Event of Default, at a rate equal to five (5) percentage points above the interest rate applicable immediately prior to the occurrence of the Event of Default.

Late Fee; Default Rate. If any payment is not made within ten (10) days after the date such payment is due, Bank shall notify Borrower. If Borrower has not made such payment within one (1) Business Day after receiving written notice from Bank, Borrower shall pay Bank a late fee equal to the lesser of (i) five percent (55.00%) of the amount of such unpaid amount or (ii) the maximum amount permitted to be charged under applicable law. No late fee shall be charged on any payments not timely made to Bank solely due to Bank’s clerical or administrative error. All Obligations shall bear interest, from and after the occurrence and during the continuance of an Event of Default, at a rate equal to five three (53) percentage points above the interest rate applicable immediately prior to the occurrence of the Event of Default.