Common use of Attorney Fees; Late Fees Clause in Contracts

Attorney Fees; Late Fees. If an Event of Default occurs, Tenant will pay to Landlord, within 10 days after Landlord’s demand, any and all attorney fees incurred by Landlord in attempting to enforce the terms of this Lease. If any arbitration or litigation is instituted to interpret, enforce, and/or rescind this Lease, including, without limitation, any proceeding brought under the United States Bankruptcy Code, the prevailing party on a claim will be entitled to recover with respect to the claim, in addition to any other relief awarded, the prevailing party’s attorney fees and other fees, costs, and expenses of every kind, including, without limitation, the costs and disbursements specified in ORCP 68 A(2), incurred in connection with the arbitration, the litigation, any appeal or petition for review, the collection of any award, or the enforcement of any order, as determined by the arbitrator or court. If Rent (or other payment due from Tenant) is not received by Landlord within 10 days after it is due, Tenant will pay a late fee equal to 5% of the payment or $50.00, whichever is greater (a “Late Fee”). In addition, a charge of 1% per month on the amount past due (a “Late Charge”) will be charged beginning 10 days after the due date for such payment until the past due amount is paid in full. Landlord may levy and collect a Late Fee and/ or a Late Charge in addition to all other remedies available for Tenant’s failure to pay Rent (or other payment due from Tenant).

Appears in 2 contracts

Samples: Commercial Lease, Biannual Commercial Lease

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Attorney Fees; Late Fees. If an Event of Default occurs, Tenant will pay to Landlord, within 10 days after LandlordXxxxxxxx’s demand, any and all attorney fees incurred by Landlord Xxxxxxxx in attempting to enforce the terms of this Lease. If any arbitration or litigation is instituted to interpret, enforce, and/or rescind this Lease, including, without limitation, any proceeding brought under the United States Bankruptcy Code, the prevailing party on a claim will be entitled to recover with respect to the claim, in addition to any other relief awarded, the prevailing party’s attorney fees and other fees, costs, and expenses of every kind, including, without limitation, the costs and disbursements specified in ORCP 68 A(2), incurred in connection with the arbitration, the litigation, any appeal or petition for review, the collection of any award, or the enforcement of any order, as determined by the arbitrator or court. If Rent (or other payment due from Tenant) is not received by Landlord within 10 days after it is due, Tenant will pay a late fee equal to 5% of the payment or $50.00, whichever is greater (a “Late Fee”). In addition, a charge of 1% per month on the amount past due (a “Late Charge”) will be charged beginning 10 days after the due date for such payment until the past due amount is paid in full. Landlord may levy and collect a Late Fee and/ or and/or a Late Charge in addition to all other remedies available for Tenant’s failure to pay Rent (or other payment due from Tenant).

Appears in 2 contracts

Samples: Commercial Lease, Commercial Lease

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