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
You will be charged a Late Charge on any amounts withheld that are undisputed or ultimately determined to have been correctly charged.
You will pay all billed charges by the due date set forth in your billing statement, as well as any Late Charge.
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 regularly scheduled payment of principal (other than principal due at Maturity or any Mandatory Principal Prepayment), interest, or both, which is not paid within ten (10) days of the due date thereof (other than with respect to any payment as to which the said ten (10) day period expires after the implementation of the Default Rate). Late charges are: (a) except as provided above, payable in addition to, and not in limitation of, the Default Rate, (b) intended to compensate Agent 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.