Common use of Delinquent Payment; Handling Charges Clause in Contracts

Delinquent Payment; Handling Charges. All payments required of Tenant hereunder shall bear interest from the date due until paid at the maximum lawful rate. Alternatively, Landlord may charge Tenant a fee equal to 10% 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 the same are considered to be interest under applicable law, exceed the maximum lawful rate of interest.

Appears in 1 contract

Samples: Office Lease Agreement (ReoStar Energy CORP)

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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 18 percent per annum or the maximum lawful rate. Alternativelyrate of interest and, additionally, Landlord may charge Tenant a fee equal to 10% five percent of the delinquent payment to reimburse Landlord for its cost and inconvenience incurred as a consequence of Tenant's delinquencydelinquency and shall be paid immediately upon Landlord's demand therefor. In no event, however, shall the charges permitted under this Section 5 or elsewhere in this Lease, to the extent the same are considered to be interest under applicable law, exceed the maximum lawful rate of interest.this

Appears in 1 contract

Samples: Office Lease (Adesso Healthcare Technology Services Inc)

Delinquent Payment; Handling Charges. All payments required of Tenant hereunder shall bear interest from the date due after an Event of Default until paid at the maximum lawful rate. Alternatively, Landlord may charge Tenant a fee equal to 10% 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 the same are considered to be interest under applicable law, exceed the maximum lawful rate of interest.

Appears in 1 contract

Samples: Office Lease Agreement (Summit Bancshares Inc /Tx/)

Delinquent Payment; Handling Charges. All past due payments required ------------------------------------ of Tenant hereunder shall bear interest from the date due until paid at the maximum lawful rate. Alternativelyrate of interest; alternatively, Landlord may charge Tenant a fee equal to 105% 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 the same they are considered to be interest under applicable law, exceed the maximum lawful rate of interest.

Appears in 1 contract

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

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Delinquent Payment; Handling Charges. All past due payments required of Tenant hereunder shall bear interest from the date due until paid at the maximum lawful rate. Alternativelyrate of interest; alternatively, Landlord may charge Tenant a fee equal to 105% of the delinquent payment to reimburse Landlord for its cost and inconvenience incurred as a consequence of Tenant's ’s delinquency. In no event, however, shall the charges permitted under this Section 5 4 or elsewhere in this Lease, to the extent the same they are considered to be interest under applicable law, exceed the maximum lawful rate of interest.

Appears in 1 contract

Samples: Lease Agreement (First State Financial Corp/Fl)

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