Common use of Additional Fee on Late Payments Clause in Contracts

Additional Fee on Late Payments. For any payments thirty (30) calendar days or more overdue under this Agreement, ▇▇▇▇▇ shall pay an additional fee on late payments at the rate of 1.5% per month or, if less, the maximum rate permitted by applicable law.

Appears in 2 contracts

Sources: Registry Agreement, Registry Agreement