Total Fee. The sum of the Fee and Event Expenses is the Total Fee. The Total Fee (minus the Deposit) is due according to the following schedule: . Licensee will not be permitted to use the Facility if the required payment(s) have not been timely received by University. If Licensee fails to make a payment within five (5) days after payment is due, Licensee shall pay University a late fee equal to five percent (5%) of the amount which is overdue, together with interest on any unpaid balance in an amount equal to the lesser of ten percent (10%) per annum or the highest rate allowed by law. University shall apply any payment it receives from Licensee first to the late fee, then to interest and the remainder to the Total Fee. A fee of twenty and NO/100 dollars ($20.00) is assessed for all checks returned by the bank.
Appears in 5 contracts
Samples: Facility Use Agreement, Facility Use Agreement, Facility Use Agreement
