Common use of Delinquent Payment; Handling Charges Clause in Contracts

Delinquent Payment; Handling Charges. All past due payments required of Tenant hereunder shall bear interest from the date due until paid at the lesser of eighteen percent per annum or the maximum lawful rate of interest; additionally, Landlord may charge Tenant a fee equal to 5% of the delinquent payment to reimburse Landlord for its cost and inconvenience incurred as a consequence of Tenant's delinquency. In no event, however, shall the charges permitted under this Section 5 or elsewhere in this Lease, to the extent they are considered to be interest under applicable Law, exceed the maximum lawful rate of interest.

Appears in 2 contracts

Samples: Lease Agreement (Art Technology Group Inc), Lease Agreement (Art Technology Group Inc)

AutoNDA by SimpleDocs

Delinquent Payment; Handling Charges. All past due payments required of Tenant hereunder shall bear interest from the date due until paid at the lesser of eighteen percent per annum or the maximum lawful rate of interest; additionallyrate. Alternatively, Landlord may charge Tenant a fee equal to 5% of the delinquent payment to reimburse Landlord for its cost and inconvenience incurred as a consequence of Tenant's delinquency. In no event, however, shall the charges permitted under this Section 5 Section_4 or elsewhere in this Lease, to the extent they are considered to be interest under applicable Law, exceed the maximum lawful rate of interest.

Appears in 1 contract

Samples: Lease Agreement (Greenway Technologies Inc)

Delinquent Payment; Handling Charges. All past due payments (those outstanding more than ten (10) days) required of Tenant hereunder shall bear interest from the date due until paid at the lesser rate of eighteen percent (18%) per annum or (the maximum lawful rate of interest"Interest Rate"); additionally, Landlord may charge Tenant a fee equal to five percent (5% %) of the delinquent payment to reimburse Landlord for its cost and inconvenience incurred as a consequence of Tenant's delinquency. In no event, however, shall the charges permitted under this Section 5 4 or elsewhere in this Lease, to the extent they are considered to be interest under applicable Lawlaw, exceed the maximum lawful rate of interest.

Appears in 1 contract

Samples: Lease Agreement (Multi Link Telecommunications Inc)

Delinquent Payment; Handling Charges. All past due payments required ------------------------------------ of Tenant hereunder shall bear interest from the date due until paid at the lesser of eighteen twelve percent per annum or the maximum lawful rate of interest; additionally, Landlord may charge Tenant a fee equal to 5% of the delinquent payment to reimburse Landlord for its cost and inconvenience incurred as a consequence of Tenant's delinquency. In no event, however, shall the charges permitted under this Section 5 or elsewhere in this Lease, to the extent they are considered to be interest under applicable Law, exceed the maximum lawful rate of interest.

Appears in 1 contract

Samples: Lease Agreement (Sycamore Networks Inc)

Delinquent Payment; Handling Charges. All past due payments required of Tenant hereunder shall bear interest from the date due until paid at the lesser of eighteen percent (18%) per annum (the "Interest Rate") or the maximum lawful rate of interest; additionally, Landlord may charge Tenant a fee equal to 5% of the delinquent payment to reimburse Landlord for its cost and inconvenience incurred as a consequence of Tenant's delinquency. In no event, however, shall the charges permitted under this Section 5 4 or elsewhere in this Lease, to the extent they are considered to be interest under applicable Lawlaw, exceed the maximum lawful rate of interest.

Appears in 1 contract

Samples: Lease Agreement (Nur Macroprinters LTD)

Delinquent Payment; Handling Charges. All past due payments required ------------------------------------ of Tenant hereunder shall bear interest from the date due until paid at the lesser of eighteen percent per annum or the maximum lawful rate of interest; additionallyalternatively, Landlord may charge Tenant a fee equal to 5% of the delinquent payment to reimburse Landlord for its cost and inconvenience incurred as a consequence of Tenant's delinquency. In no event, however, shall the charges permitted under this Section 5 or elsewhere in this Lease, to the extent they are considered to be interest under applicable Lawlaw, exceed the maximum lawful rate of interest.

Appears in 1 contract

Samples: Lease Agreement (Wells Real Estate Fund Xii Lp)

AutoNDA by SimpleDocs

Delinquent Payment; Handling Charges. All past due payments required of Tenant hereunder shall bear interest from the date due until paid at the lesser of eighteen percent per annum or the maximum lawful rate of interest; additionally, Landlord Landlord, in addition to all other rights and remedies available to it, may charge Tenant a fee equal to 5% of the delinquent payment to reimburse Landlord for its cost and inconvenience incurred as a consequence of TenantXxxxxx's delinquency. In no event, however, shall the charges permitted under this Section 5 or elsewhere in this Lease, to the extent they are considered to be interest under applicable Law, exceed the maximum lawful rate of interest.

Appears in 1 contract

Samples: Lease Agreement (Eschelon Telecom Inc)

Delinquent Payment; Handling Charges. All past due payments required of Tenant hereunder shall bear interest from the date due until paid at the lesser of eighteen ten percent (10%) per annum or the maximum lawful rate of interest; additionally, Landlord may charge Tenant a fee equal to five percent (5% %) of the delinquent payment to reimburse Landlord for its cost and inconvenience incurred as a consequence of Tenant's delinquency. In no event, however, shall the charges permitted under this Section 5 or elsewhere in this Lease, to the extent they are considered to be interest under applicable Law, exceed the maximum lawful rate of interest.

Appears in 1 contract

Samples: Lease Agreement (Beyond Com Corp)

Delinquent Payment; Handling Charges. All past due payments required of Tenant hereunder shall bear interest from the date due until paid at the lesser of: (i) the rate of eighteen percent ​ ​ ​ ​ ​ ​ ​ (18%) per annum or or, (ii) the maximum lawful rate of interest; additionallyrate. Alternatively, Landlord may charge Tenant a fee equal to 510% of the delinquent payment to reimburse Landlord for its cost and inconvenience incurred as a consequence of Tenant's delinquency. In no event, however, shall the charges permitted under this Section 5 or elsewhere in this Lease, to the extent they the same are considered to be interest under applicable Lawlaw, exceed the maximum lawful rate of interest.. ​

Appears in 1 contract

Samples: Lease Agreement (ClearSign Technologies Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!