Interest and Late Fees. Past due accounts will be charged interest on a monthly basis, calculated at one and one-half percent (1.5%) per month of the unpaid balance or the maximum rate allowable by law.
Interest and Late Fees. ADVERTISING PROVIDER shall pay a penalty for late or delinquent payments accruing out of this Agreement, whether Annual License Fee or otherwise, of eighteen percent (18%) per annum or 1 . 5 % p e r m o n t h on the balance of the unpaid amount, calculated from the date the amount was due until the close of the Business Day upon which the delinquent payment was received by CITY.
Interest and Late Fees. In the event Tenant should fail to pay to Landlord any Rent or other charge when due, Tenant shall pay to Landlord (a) interest on the unpaid amount from the due date through the date of payment, in an amount equal to ten percent (10%) per annum; plus (b) a late fee for Landlord’s increased administrative expenses, in an amount equal to one percent (1%), per month, of the amount owed Landlord. In addition to the aforesaid, in the event any check or payment made by Tenant is not honored or is otherwise returned by Landlord’s bank, Tenant shall pay to Landlord an additional charge equal to Fifty and 00/100 Dollars ($50.00) for each such returned payment. All interest, late fees and additional charges payable pursuant to this Section shall be paid to Landlord as Additional Rent hereunder; and, at Landlord’s option, such charges shall be payable by Tenant with certified funds. Tenant acknowledges that Landlord’s actual damages for late payments and returned checks may be difficult or impractical to fix; and therefore, Tenant further acknowledges that such estimated fees and charges are fair and reasonable liquidated damages.
Interest and Late Fees. All payments shall be considered complete upon receipt and deposit by Authority. Lessee shall pay interest for late or delinquent payments during the term of this Agreement and any extensions of one and one-half percent (1.5%) per month on the balance of the unpaid amount calculated from the date the amount is due until the close of the business day upon which the delinquent payment is received by Authority.
Interest and Late Fees. Tenant shall pay Landlord a service charge equal to five percent (5%) of the amount past due for bookkeeping and administrative expenses if Rent is not received within ten (10) days after Landlord delivers Notice to Tenant of Tenant’s failure to pay Rent when due. In addition, any Rent paid more than ten (10) days after Landlord delivers Notice to Tenant of Tenant’s failure to pay Rent when due shall accrue interest from the due date until payment is received by Landlord at the Prime Rate plus five percent (5%) (the “Default Rate”). Such service charge and interest payments shall not be deemed consent by Landlord to late payments, nor a waiver of Landlord’s right to insist upon timely payments at any time, nor a waiver of any remedies to which Landlord is entitled as a result of the late payment of Rent. The exercise of any remedy by Landlord shall not be deemed an election of remedies or preclude Landlord from exercising any other remedies in the future.
Interest and Late Fees. See attached Local Law Addendum.
Interest and Late Fees. If Tenant fails to pay any installment of rent in full within five (5) days of the date it is due as provided herein, Tenant shall be responsible for interest on the unpaid rent at the rate of twelve percent (12%) per annum from the due date until payment in full is made.
