Delayed Payment Charges. Any delay in payment of amounts payable on Due Dates (unless the Due Date is extended by USFB at its discretion through any grace period) shall render the Borrower liable to Delayed Payment Charges at the rate mentioned in Annexure B without prejudice to the other rights available to USFB. The aforementioned charges would not affect the Borrower’s obligations to comply with the covenants in the Loan Documents.
Appears in 2 contracts
Sources: Higher Education Loan Agreement, Higher Education Loan Agreement