Default Fee definition

Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 3.50% above the Alternate Base Rate.

Default Fee means a per annum rate of interest equal to the sum of (i) the Prime Rate, plus (ii) 2% per annum.

Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 2% above the Base Rate.

Examples of Default Fee in a sentence

• Further, if you fail for any reason to release the Equipment to the Buyer after a Binding Obligation is created, you will be subject to a Seller Default Fee in addition to any other rights or remedies that RB Group or Buyer may have.

• In the event of a breach of this provision is determined by RB Group in its reasonable discretion and the Equipment has been sold through the Marketplace, the transaction is subject to cancellation and you will be charged a Seller Default Fee in addition to reimbursement of transportation and other costs incurred by Xxxxx.

• Any Default Fee that becomes due and owing to NGP is payable no later than 30 days from the date of NGP’s invoice.

• Seller Default Fee 25% of the winning closing price, plus the Listing Fee and any costs incurred by Buyer and validated by RB Group.

• The Default Fee for the initial notice from the City will be due and payable to the City 10 days after delivery of notice to Licensee.

More Definitions of Default Fee

Default Fee means an amount equal to one hundred fifty percent (150%) of the salary of each full-time employee, on an hourly basis, who provides the applicable Corporate Service or Transition Assistance (as defined in Section 2.3).

Default Fee has the meaning set forth in Section 10.4.

Default Fee means, for any Payment Date on which interest on overdue amounts is payable in accordance with the provisions of Section 203(b) hereof, an amount equal to the excess of (x) the total amount of interest payable on such Payment Date, including the amount of interest otherwise payable on such Payment Date pursuant to the provisions of Section 203(b), over (y) the amount of interest that would have been payable on such Payment Date if no payment default had occurred.

Default Fee means with respect to any amount due and payable by any Seller in respect of any Aggregate Unpaids, an amount equal to interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 4% above the Alternate Base Rate.

Default Fee means a per annum rate of interest equal to the sum of (i) the Prime Rate, PLUS (ii) 2% per annum.

Default Fee is defined in Subsection 17.2.4.

Default Fee means with respect to any amount due and payable by the Seller hereunder or under the Fee Letter, an amount equal to interest on any such amount at a rate per annum equal to 2% above the Base Rate; PROVIDED, HOWEVER, that such interest rate will not at any time exceed the maximum rate permitted by applicable law.