Delinquent Payment; Handling Charges. In the event Tenant is more than three (3) days late in paying any amount of Rent or any other payment due under this Lease, Tenant shall pay Landlord, within ten (10) days of Landlord's written demand therefor, a late charge equal to five percent (5%) of the delinquent amount, or $150.00, whichever amount is greater. In addition, any amount due from Tenant to Landlord hereunder which is not paid within ten (10) days of the date due shall bear interest at an annual rate (the "Default Rate") equal to twelve percent (12%).
Appears in 2 contracts
Samples: Office Lease (Avi Biopharma Inc), Office Lease (E Comnetrix Inc)
Delinquent Payment; Handling Charges. In the event If Tenant is more than three ten (310) days late in paying any amount of Rent or any other payment due under this LeaseRent, Tenant shall pay Landlord, within ten (10) days of Landlord's written demand therefor, Landlord a late charge equal to five ten percent (510%) of the delinquent amount, or $150.00, whichever amount is greater. In addition, any amount due from Tenant to Landlord hereunder which is not paid within ten (10) days of the date due shall bear interest at an annual rate (the "Default Rate") equal to twelve fifteen percent (1215%).
Appears in 2 contracts
Samples: Lease Agreement (Qorus Com Inc), Lease Agreement (Manchester Technologies Inc)
Delinquent Payment; Handling Charges. In the event Tenant is more than three five (35) days late in paying any amount of Rent or any other payment due under this Lease, then without the need for any further notice to Tenant, Tenant shall pay Landlord, within ten (10) days of Landlord's written demand therefor, a late charge equal to five percent (5%) of the delinquent amount, or $150.00, whichever amount is greater. In addition, any amount due from Tenant to Landlord hereunder which is not paid within ten (10) days of the date due shall bear interest at an annual rate (the "Default Rate") equal to twelve percent (12%).delinquent
Appears in 1 contract
Delinquent Payment; Handling Charges. In the event Tenant is more than three FIVE (35) days late in paying any amount of Rent or any other payment due under this Lease, Tenant shall pay Landlord, within ten (10) days of Landlord's written demand therefor, a late charge equal to five percent (5%) of the delinquent amount, or $150.00, whichever amount is greater. In addition, any amount due from Tenant to Landlord hereunder which is not paid within ten (10) days of the date due shall bear interest at an annual rate (the "Default DEFAULT Rate") equal to twelve percent (12%).
Appears in 1 contract
Samples: Industrial Lease (Sitesmith Inc)
Delinquent Payment; Handling Charges. In the event Tenant is more than three (3) days late in paying any amount of Rent or any other payment due under this Lease, Tenant shall pay Landlord, within ten (10) days of Landlord's written demand therefor, a late charge equal to five percent (5%) of the delinquent amount, or $150.00, whichever amount is greater. In addition, any amount due from Tenant to Landlord hereunder which is not paid within ten (10) days of the date due shall bear interest at an annual rate (the "Default RateDEFAULT RATE") equal to twelve percent (12%).
Appears in 1 contract
Samples: Office Lease (Zapme Corp)
Delinquent Payment; Handling Charges. In the event Tenant is more than three five (35) days late in paying any amount of Rent or any other payment due under this Lease, Tenant shall pay Landlord, within ten (10) days of Landlord's written demand therefor, a late charge equal to five percent (5%) of the delinquent amount, or $150.00, whichever amount is greater. In addition, any amount due from Tenant to Landlord hereunder which is not paid within ten (10) days of the date due shall bear interest at an annual rate (the "Default Rate") equal to twelve percent (12%).
Appears in 1 contract
Samples: Office Lease (Electronic Arts Inc)
Delinquent Payment; Handling Charges. In the event Tenant is more than three (3) days late in paying any amount of Rent or any other payment due under this Lease, Tenant shall pay Landlord, within ten (10) days of Landlord's ’s written demand therefor, a late charge equal to five percent (5%) of the delinquent amount, or $150.00, whichever amount is greater. In addition, any amount due from Tenant to Landlord hereunder which is not paid within ten (10) days of the date due shall bear interest at an annual rate (the "“Default Rate"”) equal to twelve percent (12%).
Appears in 1 contract
