Administrative Late Charge. Notwithstanding any other remedies for nonpayment of rent, if the monthly payment of Basic Rent and Additional Rent are not received by Landlord on or before the fifth (5th) day after written notice of non-payment of the month for which such rental is due, or if any other payment due Landlord by Tenant is not received by Landlord on or before the tenth (10) day of the month next following the month in which Tenant was invoiced, an administrative late charge of five percent (5%) of such past due amount shall become due and payable, as Additional Rent, in addition to such amounts owed under this Lease to help defray the additional cost to Landlord for processing such late payments.
Administrative Late Charge. Other remedies for nonpayment of rent notwithstanding, if the Monthly Rent payment is not received by Landlord on or before the third day of the month for which the rent is due, or if any other payment due Landlord by Txxxxx is not received by Landlord on or before the last day of the month next following the month in which Tenant was invoiced, an Administrative Late Charge of five percent (5%) of such past due amount shall be come due and payable in addition to such amounts owed under this Lease to help defray the additional cost to Landlord for processing such late payments.
Administrative Late Charge. If Authority does not receive Monthly Rent or Additional Rent by the 5th day after it is due, then Tenant is liable for an administrative late charge of $25.00, which is due and payable 14 days after Authority gives written notice of said charge. This administrative late charge does not establish a grace period; Authority may serve a Notice to Pay Rent or Quit if the rent is not paid on its due date. Authority and Tenant agree that Landlord will sustain damage on account of any late payment of rent, including but not limited to added accounting, administrative, and management expenses and costs, but that it will be impracticable or extremely difficult to fix the actual damages. The parties agree that this late charge represents a fair and reasonable estimate of the damages that Authority will incur by reason of the late payment of rent.
Administrative Late Charge. 23 13.9 Interest on Past-Due Payments and Advances................................... 23 13.10 Landlord's Bankruptcy........................................................ 23 13.11
Administrative Late Charge. Tenant hereby acknowledges that late payment to Landlord of Rent or Additional Rent or other sums due hereunder will cause Landlord to incur administrative costs and loss of investment income not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. If any Rent, Additional Rent or other sum due from Tenant is not received on or before its due date by Landlord or Landlord's designated agent within five (5) days after receipt of written notice by Tenant, then Tenant shall pay to Landlord immediately upon Landlord's demand therefore a late charge equal to three percent (3%) of such overdue amount, plus any attorneys' fees and costs incurred by Landlord by reason of Tenant's failure to pay Rent and other charges when due hereunder. The parties hereby agree that such late charges represent a fair and reasonable estimate of the administrative cost that Landlord will incur by reason of Tenant's late payment and is not intended as a penalty. Landlord's acceptance of such late charges shall not constitute a waiver of Tenant's default with respect to such overdue amount or estop Landlord from exercising any of the other rights and remedies granted hereunder.
