Arrears to Bear Interest Sample Clauses

Arrears to Bear Interest. If Rent or First Nation Fees are not paid when due, or any other time interest is stipulated to be due, then the Lessee will pay the Lessor or the First Nation, as the case may be, interest on the unpaid amount at the prime lending rate established by the Bank of Canada plus 5% per annum, calculated quarterly and compounded semi-annually, from the date that such unpaid amount is due until the date that the payment is received. This interest provision does not relieve the Lessee from its obligation to pay Rent and First Nation Fees at the time and in the manner specified in this Lease and will not prejudice or affect the remedies of the Lessor and the First Nation under this Lease or otherwise.
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Arrears to Bear Interest. 4.5.1. If Rent is not paid when it is due, then the Lessee will pay interest on the unpaid amount from the due date until the payment date. Interest is at the then prevailing minimum rate at which the Bank of Canada makes short-term advances to banks, plus 7%.
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Arrears to Bear Interest. If any amount, including, but not limited to the Prepaid Rent, owing by the Subtenant under this Sublease is not paid on the date on which it is due then it will bear interest at the Interest Rate compounded monthly from the date the sum is due until the date of the payment by the Subtenant, but this stipulation for interest will not prejudice or affect any other remedies of the Sublandlord under this Sublease or otherwise, or be construed to relieve the Subtenant from any default in making any payment at the time and in the manner specified in this Sublease.
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Arrears to Bear Interest. If Rent or Locatee Fees are not paid when due, or any other time interest is stipulated to be due, then the Lessee will pay the Lessor or the Locatee, as the case may be, interest on the unpaid amount at the prime lending rate established by the Bank of Canada plus 5% per annum, calculated quarterly and compounded semi-annually, from the date that such unpaid amount is due until the date that the payment is received. This interest provision does not relieve the Lessee from its obligation to pay Rent and Locatee Fees at the time and in the manner specified in this Lease and will not prejudice or affect the remedies of the Lessor and the Locatee under this Lease or otherwise.
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Arrears to Bear Interest. If Rent or First Nation Fees are not paid when due, or any other time interest is stipulated to be due, then the Lessee will pay the Lessor or the First Nation, as the case may be, interest on the unpaid amount at the prime lending rate established by the Bank of Canada plus 5% per annum, calculated quarterly and compounded semi-annually, from the date that such unpaid amount is due until the date that the payment is received. This interest provision does not relieve the Lessee from its obligation to pay Rent and First Nation Fees at the time and in the manner specified in this Lease and will not 71 This clause does two things: 1) it deems monies spent by the Lessor arising from a breach of a provision of the Lease to be Rent (so as to benefit from common law remedies concerning rent – see notes 31 and 154); and 2) it sets an administration fee of 15% of those monies to be paid as well. The idea of an administration fee is that a landlord has internal costs that are not easily quantifiable as expenses specifically related to the breach (e.g., salary time of employees dealing with the issue). The concept is not usually an issue, but the 15% figure is something that Lessees sometimes wish to negotiate. 72 This clause mimics the Lessor’s clause. As it is for the benefit of the First Nation, it cannot deem monies owed to be Rent because only a landlord may charge Rent. prejudice or affect the remedies of the Lessor and the First Nation under this Lease or otherwise.73 4.12 Survival of Sections – Sections 4.9 – 4.11 survive when this Lease ends.74
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Arrears to Bear Interest. If Rent or any other sum owing to the Lessor or the First Nation by the Lessee under this Lease is not paid when it is due, then the Lessee will pay interest on the unpaid amount at the prime lending rate established by the Bank of Canada, calculated quarterly and compounded semi- annually, plus 5% per annum, from the date the Rent or sum is due until the date that the payment is received. This stipulation for interest will not prejudice or affect any remedies of the Lessor or the First Nation under this Lease or otherwise, or be construed to relieve the Lessee from any default in paying Rent or other sum at the time and in the manner specified in this Lease.
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Arrears to Bear Interest. If Rent or any other sum owing to the Lessor or the Locatee by the Lessee under this Lease is not paid when it is due, then the Lessee will pay interest on the unpaid amount at the prime lending rate established by the Bank of Canada, calculated quarterly and compounded semi- annually, plus 5% per annum, from the date the Rent or sum is due until the date that the payment is received. This stipulation for interest will not prejudice or LEASE OF LOCATEE LANDS /Template Version 2019-02-13 affect any remedies of the Lessor or the Locatee under this Lease or otherwise, or be construed to relieve the Lessee from any default in paying Rent or other sum at the time and in the manner specified in this Lease.
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Arrears to Bear Interest. If any amount owing by the Homeowner under this Agreement is not paid on the date on which it is due then in addition to any other rights and remedies of the Lessor, such unpaid amount will bear interest at the Interest Rate from the date the sum is due until the date of the payment by the Homeowner, but this stipulation for interest will not prejudice or affect any other remedies of the Lessor under this Agreement or otherwise, or be construed to relieve the Homeowner from any default in making any payment at the time and in the manner specified in this Agreement.
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Related to Arrears to Bear Interest

  • When Must Distributions from a Xxxx XXX Begin Unlike Traditional IRAs, there is no requirement that you begin distribution of your account during your lifetime at any particular age.

  • Interest on Delinquent Payments Without waiving any other right or action available to Authority, in the event of default of Company's payment of Rents or other charges hereunder, and in the event Company is delinquent in paying to Authority any Rents or other charges for a period of five (5) days after the payment is due, Authority reserves the right to charge Company interest thereon from the date the Rents or other charges became due to the date of payment at one and one-half percent (1.5%) per month, to the maximum extent permitted by Applicable Law.

  • Interest Amount Unless otherwise specified in Paragraph 11(f)(iii), the Transferee will transfer to the Transferor at the times specified in Paragraph 11(f)(ii) the relevant Interest Amount to the extent that a Delivery Amount would not be created or increased by the transfer, as calculated by the Valuation Agent (and the date of calculation will be deemed a Valuation Date for this purpose).

  • Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges Borrower will pay each Periodic Payment when due. Borrower will also pay any prepayment charges and late charges due under the Note, and any other amounts due under this Security Instrument. Payments due under the Note and this Security Instrument must be made in U.S. currency. If any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer’s check, or cashier’s check, provided any such check is drawn upon an institution whose deposits are insured by a U.S. federal agency, instrumentality, or entity; or (d) Electronic Fund Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 16. Lender may accept or return any Partial Payments in its sole discretion pursuant to Section 2. Any offset or claim that Borrower may have now or in the future against Lender will not relieve Borrower from making the full amount of all payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument.

  • Interest on Fixed Rate Notes Each Fixed Rate Note bears interest from (and including) the Interest Commencement Date at the rate(s) per annum equal to the Rate(s) of Interest. Interest will be payable in arrear on the Interest Payment Date(s) in each year up to (and including) the Maturity Date. If the Notes are in definitive form, except as provided in the applicable Final Terms, the amount of interest payable on each Interest Payment Date in respect of the Fixed Interest Period ending on (but excluding) such date will amount to the Fixed Coupon Amount. Payments of interest on any Interest Payment Date will, if so specified in the applicable Final Terms, amount to the Broken Amount so specified. As used in the Conditions, Fixed Interest Period means the period from (and including) an Interest Payment Date (or the Interest Commencement Date) to (but excluding) the next (or first) Interest Payment Date. Except in the case of Notes in definitive form where an applicable Fixed Coupon Amount or Broken Amount is specified in the applicable Final Terms, interest shall be calculated in respect of any period by applying the Rate of Interest to:

  • Interest on Unpaid Balances Interest on any unpaid amount (including amounts placed in escrow) shall be calculated in accordance with the method specified for interest on refunds in the Commission’s regulations at 18 C.F.R. § 35.19a (a)(2)(iii). Interest on unpaid amounts shall be calculated from the due date of the xxxx to the date of payment. Invoices shall be considered as having been paid on the date of receipt of payment.

  • Interest on Overdue Payments (a) If, for any reason, a Party does not pay an amount payable under or in connection with this Agreement on or before the due date for payment, it must pay interest to the other Party (who is entitled to receive the payment).

  • Interest on Loans (a) Except as otherwise set forth herein, each Class of Loan shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows:

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