Default and Late Charge Sample Clauses

Default and Late Charge. Notwithstanding anything to the contrary in the Lease, Lessee shall not be deemed to be in default, Lessor shall not be entitled to cure any breach by Lessee under the Lease, nor shall any late charge or interest be imposed, on account of (i) Lessee's failure to pay money to Lessor, unless Lessee's failure to pay continues for five (5) days after Lessee's actual receipt of written notice of delinquency; or (ii) Lessee's failure to perform any covenant of this Lease (other than a covenant to pay money to Lessor), unless Lessee's failure to perform such covenant continues after Lessee's actual receipt of written notice for a period of thirty (30) days or such longer time as may reasonably be required to cure the default. Further, Lessee shall not be in default of this Lease solely because (a) it abandons or vacates the Premises; or (b) as a consequence of the filing of an involuntary bankruptcy petition, the appointment of a receiver, the attachment of any interest in the Lease or of Lessee's other assets or the exercise by any third party of any other remedy with respect to Lessee, Lessee's interest in this Lease or Lessee's other assets, unless the petition, receiver, attachment or other remedy is not discharged within sixty (60) days.
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Default and Late Charge. 10 SECTION 6 GAMING..........................................................11 6.1 Regulation.......................................................11 6.2 Taxation.........................................................11
Sample 1
Default and Late Charge. (a) If Tenant shall fail to pay, when the same is due and payable, any rent, or any additional rent, or any other amount or charges to be paid by Tenant herein, such unpaid amount shall bear interest from the due date thereof to the date of payment at the Default Interest Rate, and such payment of such interest shall be in addition to all other remedies provided by law, in equity or pursuant to the other provisions of this Lease.
Sample 1
Default and Late Charge. Time is of the essence in the performance of this Agreement and in the payment of each and every installment of rent, and other charges covenanted herein to be paid. In the event LESSEE abandons, or vacates the premises, or fails to pay when due any installment of rent, or other charges, or in the event LESSEE shall fail to perform any of the other covenants, terms or conditions of this Lease to be performed by LESSEE'S, and upon the LESSEE'S failure to cure said default within fifteen (15) days after written notice from LESSOR, which specifies the particular default complained of, LESSOR may, but shall have no obligation to LESSEE so to do:
Sample 1
Default and Late Charge. Lessee shall not be in breach or default, not shall any late charge be imposed, on account of Xxxxxx's failure to (i) pay money to Lessor, unless Xxxxxx's failure to pay continues for five (5) days after Xxxxxx's actual receipt of written notice of the delinquency, or (ii) perform any other covenant of the Lease, unless such failure to perform continues for a period of thirty (30) days after Lessee's actual receipt of written notice of such failure or such longer time as may reasonably be required to cure the default. Lessee shall not be in breach or default of the Lease solely because it abandons or vacates the Premises. or as a consequence of the filing of an involuntary bankruptcy petition, the appointment of a receiver, the attachment of any interest in the Lease or of Xxxxxx's other assets or the exercise by any third party of any other remedy with respect to Xxxxxx. Xxxxxx's interest in the Lease or Xxxxxx's other assets, unless the petition, receiver, attachment or other remedy is not discharged within sixty (60) days.
Sample 1
Default and Late Charge. Tenant shall not be deemed to be in default, nor shall any late charge be imposed, on account of Tenant's failure to (i) pay money to Landlord. unless Tenant's failure to pay continues for five (5) days after Tenant receives written notice pursuant to Article 26 of the Lease of such delinquency, or (ii) perform any other covenant of the Lease, other than the payment of money to Landlord, unless such failure continues for fifteen (15) days after Tenant receives written notice pursuant to Article 26 of the Lease; provided, however, that if the nature of the default is such that it cannot be reasonably cured within the fifteen (15) day period, no default shall exist if Tenant commences the curing of the default within the fifteen day period and thereafter diligently prosecutes the same to completion. The five and fifteen day notice periods described herein shall be in lieu of, and not in addition to, any notice required under Section 1161 of the California Code of Civil Procedure or any other law now or hereafter in effect requiring that notice of default be given prior to the commencement of an unlawful detainer or other legal proceeding.
Sample 1
Default and Late Charge. Notwithstanding anything to the contrary in the ----------------------- Lease Form, (i) Lessee shall not be deemed to be in default, nor shall any late charge or interest be imposed, on account of Lessee's failure to pay money to the Lessor, unless Lessee's failure to pay money to the Lessor, unless Lessee's failure to pay continues for five (5) days after Lessee's actual receipt of written notice of the delinquency provided, however, that Lessor shall not be required to give Lessee written notice of any monetary default or delinquency more than once in any consecutive twelve (12) month period and in such case no notice shall be required before Lessee shall be deemed to be in default or subject to the imposition of interest and late charges, and (ii) Lessee shall not be in default for failing to perform any covenant of this Lease (other than a covenant to pay money to Lessor) unless Lessee's failure to perform such covenant continues after Lessee's actual receipt of written notice for a period of thirty (30) days or such longer time as may reasonably be required to cure the default.
Sample 1
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Default and Late Charge. Notwithstanding anything to the contrary in the Lease Form, (i) Lessee shall not be deemed to be in default, nor shall any late charge or interest be imposed, on account of Lessee's failure to pay money to Lessor, unless Lessee's failure to pay continues for five (5) days after Lessee's actual receipt of written notice of the delinquency provided, however, that Lessor shall not be required to give Lessee written notice of any monetary default or delinquency more than once in any consecutive twelve (12) month period and in such case no notice shall be required before Lessee shall be deemed to be in default or subject to the imposition of interest and late charges, and (ii) Lessee shall not be in default for failing to perform any covenant of this Lease (other than a covenant to pay money to Lessor) unless Lessee's failure to perform such covenant continues after Lessee's actual receipt of written notice for a period of thirty (30) days or such longer time as may reasonably be required to cure the default.
Sample 1

Related to Default and Late Charge

  • DEFAULT AND ACCELERATION The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to the date when due or if not paid on the Maturity Date or on the happening of any other Event of Default.

  • Events of Default and Acceleration If any of the following events (“Events of Default” or, if the giving of notice or the lapse of time or both is required, then, prior to such notice or lapse of time, “Defaults”) shall occur:

  • Interest and Late Charges If Tenant fails to pay when due any Rent or other amounts or charges which Tenant is obligated to pay under the terms of this Lease, the unpaid amounts shall bear interest at the maximum rate then allowed by law. Tenant acknowledges that the late payment of any Monthly Installment of Base Rent will cause Landlord to lose the use of that money and incur costs and expenses not contemplated under this Lease, including without limitation, administrative and collection costs and processing and accounting expenses, the exact amount of which is extremely difficult to ascertain. Therefore, in addition to interest, if any such installment is not received by Landlord within ten (10) days from the date it is due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of such installment. Landlord and Tenant agree that this late charge represents a reasonable estimate of such costs and expenses and is fair compensation to Landlord for the loss suffered from such nonpayment by Tenant. Acceptance of any interest or late charge shall not constitute a waiver of Tenant's default with respect to such nonpayment by Tenant nor prevent Landlord from exercising any other rights or remedies available to Landlord under this Lease.

  • Default Interest; Late Charge Following the occurrence and during the continuance of any Event of Default, and regardless of whether or not the Agent or the Lenders shall have accelerated the maturity of the Loans, all Loans shall bear interest payable on demand at a rate per annum equal to the sum of the Base Rate plus the Applicable Margin plus five percent (5.0%) (the “Default Rate”), until such amount shall be paid in full (after as well as before judgment), and the fee payable with respect to Letters of Credit shall be increased to a rate equal to five percent (5.0%) above the Letter of Credit fee that would otherwise be applicable to such time, or if any of such amounts shall exceed the maximum rate permitted by law, then at the maximum rate permitted by law. In addition, the Borrower shall pay a late charge equal to four percent (4.0%) of any amount of interest and/or principal payable on the Loans or any other amounts payable hereunder or under the other Loan Documents, which is not paid by the Borrower within ten (10) days of the date when due (or, in the case of amounts due at the Revolving Credit Maturity Date or Term Loan Maturity Date, as applicable, within fifteen (15) Business Days of such date).

  • Default and Foreclosure 5 3.1 Remedies....................................................... 5 3.2

  • Event of Default Defined; Acceleration of Maturity; Waiver of Default Event of Default" with respect to Securities of any series wherever used herein, means each one of the following events which shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

  • Event of Default and Illegality If an event or circumstance which would otherwise constitute or give rise to an Event of Default also constitutes an Illegality, it will be treated as an Illegality and will not constitute an Event of Default.

  • Late Charge If a payment is 10 days or more late, Borrower will be charged 5.000% of the unpaid portion of the regularly scheduled payment.

  • Default; Acceleration (a) Any of the following shall constitute an “Event of Default” under this Note:

  • Lender Default If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.02(c), 2.14(e), 2.17(d), 2.18(d), 2.18(e) or 10.03(c), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid.

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