Common use of DEFAULT INTEREST AND INTEREST Clause in Contracts

DEFAULT INTEREST AND INTEREST. 12.1 If any Annual Rent or any other money payable under this lease has not been paid by the date it is due, (in the case of the Annual Rent only whether or not it has been formally demanded), the Tenant shall pay the Landlord interest on that amount at the Default Interest Rate (both before and after any judgment). Such interest shall accrue on a daily basis for the period beginning on the due date to and including the date of payment. 12.2 If the Landlord does not demand or accept any Annual Rent or other money due or tendered under this lease because the Landlord reasonably believes that the Tenant is in breach of any of the tenant covenants of this lease, then the Tenant shall, when that amount is accepted by the Landlord, also pay interest at the Interest Rate on that amount for the period beginning on the date the amount (or each part of it) became due until the date it is accepted by the Landlord.

DEFAULT INTEREST AND INTEREST. 12.1 If If: any Annual Rent has not been paid by the date it is due (whether it has been formally demanded or not); or any other money payable under this lease has not been paid by within 7 days of the date it is due, (in the case of the Annual Rent only whether or not it has been formally demanded), due the Tenant shall pay the Landlord interest on that amount at the Default Interest Rate (both before and after any judgment). Such interest shall accrue on a daily basis for the period beginning on the due date to and including ending on the date of payment. 12.2 . If the Landlord does not demand or accept any Annual Rent or other money due or tendered under this lease because the Landlord reasonably believes that the Tenant is in breach of any of the tenant covenants of this lease, then the Tenant shall, when that amount is accepted by the Landlord, also pay interest at the Interest Rate on that amount for the period beginning on the date the amount (or each part of it) became due until and ending on the date it is accepted by the Landlord.

DEFAULT INTEREST AND INTEREST. 12.1 14.1 If any Annual Rent or any other money payable under this lease has not been paid by the date it is due, (in the case of the Annual Rent only whether or not it has been formally demanded)demanded or not, the Tenant shall pay the Landlord interest on that amount at the Default Interest Rate (both before and after any judgment). Such interest shall accrue on a daily basis for the period beginning on the due date to and including ending on the date of payment. 12.2 14.2 If the Landlord does not demand or accept any Annual Rent or other money due or tendered under this lease because the Landlord reasonably believes that the Tenant is in material breach of any of the material tenant covenants of this lease, then the Tenant shall, when that amount is accepted by the Landlord, also pay interest at the Interest Rate on that amount for the period beginning on the date the amount (or each part of it) became due until and ending on the date it is accepted by the LandlordLandlord (acting reasonably at all times).