Delinquent Rental. All rent and other charges become delinquent twenty (20) days after the date they are due, at which time the Lessor will impose a penalty charge of interest at the rate of 1 and ½ percent (1 ½%) per month pro-rated daily from the due date until paid on the amount owing, which penalty shall be immediately due and owing. If all charges, including but not limited to the delinquent penalty, are not paid within twenty days after written notice of the default in payment is sent to lessee, the Lessor may immediately terminate this Lease Agreement and exercise all rights of default as provided herein.
Delinquent Rental. As used herein, "Delinquent Rentals" means ----------------- Rentals which are due and payable by a Tenant on or prior to the Proration Date but which have not been paid by the Proration Date. Delinquent Rentals shall be prorated between the Partners and Buyer as of the Proration Date, but not until they are actually collected by Buyer. Buyer shall have the right after the Closing to collect Delinquent Rentals relating to the period prior to the Proration Date, but shall not be obligated to do so. Upon the Final Closing Adjustment, any Delinquent Rentals which have not as yet been paid shall be assigned to the Partners. After the Closing and continuing through and after the Final Closing Adjustment, without the express written consent of Buyer, the Partners shall not take, nor cause Buyer to take, any action against a Tenant owing Delinquent Rentals which would affect such Tenant's right to occupy its leased premises. Rentals collected by Buyer after the Closing, shall be applied in the following order of priority: (a) first, to the particular rental obligation, if any, for which the Tenant designates the payment has been made (e.g., by a notation on the Tenant's check or in an accompanying cover letter or ----- if the payment is made in response to an invoice submitted to the Tenant); and (b) secondly, against the Tenant's Rental obligations in reverse chronological order in which they accrue. All Delinquent Rentals received by Buyer or any of its affiliates after the Proration Date shall be immediately applied in accordance with the above and any amount owing to the Partners shall be immediately paid upon application, less the amount of any management fee or compensation paid or due with respect to such Delinquent Rentals; however, in no event later than thirty (30) days after collection.
Delinquent Rental. Rent not received by Lessor on the date due shall be deemed delinquent and shall bear interest at the rate of one and one-half percent (1-1/2%) per month from the date same is due until paid, reserving to Lessor the right to take such action as is provided for under the paragraph entitled, "DEFAULT."
Delinquent Rental. Payments Any installment of Base Rent, Additional Rent or any other charge payable by Tenant under the provisions hereof and not paid within ten (10) days of when due will be considered delinquent. Such delinquencies shall bear interest at Prime, as hereafter defined, plus eight percent (8%) per annum, not to exceed the maximum interest rate permitted by law (the “Maximum Rate of Interest”) from the date when the same is due hereunder through the date the same is paid, provided, however, Landlord agrees to waive the application of the Maximum Rate of Interest on the first three delinquencies in any 12 month period provided Tenant fully pays such delinquencies within 30 days of the original due date. For purposes of this Lease, the term “Prime” shall mean the rate published from time to time by The Wall Street Journal (or any successor publication to The Wall Street Journal) as the “Prime Rate”. If The Wall Street Journal (or any successor publication) should cease to publish a “Prime Rate”, then Landlord shall select the rate of a financial institution located within the State of California (the “State”) to be substituted therefor. The right to require payment of interest shall be in addition to all of Landlord’s rights and remedies hereunder, at law or in equity.
Delinquent Rental. Tenant shall pay all Rental when due and payable, without any setoff, deduction or prior demand therefor whatsoever (except as otherwise expressly provided herein). If any payment of Rental is not made within ten (l0) business days after receipt of written notice from Landlord that the same is delinquent there shall be added thereto, as Additional Rental to compensate Landlord for the inconvenience, administrative burden and expense created hereby, an amount equal to five percent (5%) of the amount due, making the total Rental due, including the Additional Rental, one hundred five percent (105%) of the Rental that would otherwise be due. Such late charges on overdue Rental shall be in addition to, and not in limitation of, Landlord's other rights and remedies in the event of such late payment.
Delinquent Rental. As used herein, "Delinquent Rentals" means Rentals which are due and payable by a Tenant on or prior to the Proration Date but which have not been paid by the Proration Date. Delinquent Rentals shall be prorated between Seller and Buyer as of the Proration Date, but not until they are actually collected by Buyer. Buyer shall have the right after the Closing to collect Delinquent Rentals relating to the period prior to the Proration Date, but shall not be obligated to do so. Upon the Final Closing Adjustment, any Delinquent Rentals
Delinquent Rental. All charges become delinquent fifteen (15) days after the date they are due, at which time the City will impose a penalty charge of 10% on the amount owing. If all charges are not paid within thirty days from delinquent date, the City may terminate Lease Agreement as stipulated in Paragraph 16 of this Lease and may secure the Hangar in accordance with the provisions of Code of Civil Procedure, Section 1208.61 and following, until all amounts owing have been paid.
