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 Agreement (Solera National Bancorp, Inc.), Lease Agreement (Solera National Bancorp, Inc.)

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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 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: Lease (Carrier Access Corp)

Administrative Late Charge. Notwithstanding any other Other remedies for nonpayment of rentrent notwithstanding, if the monthly Monthly Rent payment of Basic Rent and Additional Rent are is not received by Landlord on or before the fifth (5th) third 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 Txxxxx 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%) 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: Lease Agreement (AeroGrow International, Inc.)

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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 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%) of such past due amount shall become 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: Lease (Spectralink Corp)

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 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%) 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: Lease (Pharmion Corp)

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