Common use of Administrative Late Charge Clause in Contracts

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.

Appears in 2 contracts

Samples: Lease of Space (Solera National Bancorp, Inc.), Lease of Space (Solera National Bancorp, Inc.)

AutoNDA by SimpleDocs

Administrative Late Charge. Notwithstanding any other Other remedies for nonpayment of rentrent notwithstanding, if the monthly payment of Basic Rent and Monthly Rental, Monthly Deposit or Additional Rent are is not received by Landlord on or before the fifth (5th) tenth day after written notice of non-payment of the month for which such rental or deposit is due, or if any other payment due Landlord by Tenant is not received by Landlord on or before the tenth (10) last day of the month next following the month in which Tenant was invoiced, an a one-time administrative late charge of five percent (5%) of such past due amount shall become immediately due and payable, as Additional Rent, payable in addition to such amounts owed under this Lease to help defray the additional cost to Landlord for processing such late payments.

Appears in 2 contracts

Samples: Lease (Insmed Inc), Lease (Insmed Inc)

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 seventh (5th7th) 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 seventh (107th) day of the month next following the month in which Tenant was invoiced, an administrative late charge of five four percent (54%) 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. Notwithstanding the foregoing, Tenant shall not be required to pay a late charge with respect to the first delinquent payment made by Tenant during any Year.

Appears in 1 contract

Samples: Lease Option Agreement (Alliance Data Systems Corp)

AutoNDA by SimpleDocs

Administrative Late Charge. Notwithstanding any other Other remedies for nonpayment of rentrent -------------------------------- notwithstanding, if the monthly rental payment of Basic Rent and Additional Rent are is not received by Landlord on or before the fifth (5th) third FIFTH day after written notice of non-payment of the month for which such rental the rent is due, or if any other payment due Landlord by Tenant is not received by Landlord on or before the tenth (10) last day of the month next following the month in which Tenant was invoiced, an administrative late charge Administrative Late Charge of five percent (5%) FOUR PERCENT (4%) of such past due amount shall become be come due and payable, as Additional Rent, payable in addition to such amounts owed under this Lease to help defray the additional cost to Landlord for processing such late payments.

Appears in 1 contract

Samples: And Attornment Agreement (Carrier Access Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.