First Month. Pursuant to Section 874(5) of the Act, if the Company shall fail to make any payment required by this Payment in Lieu of Tax Agreement when due, the Company shall pay the same, together with a late payment penalty equal to five percent (5%) of the amount due.
Appears in 4 contracts
Sources: Payment in Lieu of Tax Agreement, Payment in Lieu of Tax Agreement, Payment in Lieu of Tax Agreement
First Month. Pursuant to Section 874(5) of the Act, if the Company shall fail to make any payment required by this Payment in Lieu of Tax Agreement when due, the Company shall pay the same, together with a late payment penalty equal to five percent (5%) of the amount due.,
Appears in 1 contract
Sources: Payment in Lieu of Tax Agreement