Delinquent Rentals. For purposes of this Agreement, any rentals shall be deemed delinquent when payment thereof is due prior to the Closing Date, but has not been made as of the Proration Date (“Delinquent Rentals”). Delinquent Rentals shall not be prorated until collected pursuant to this Section 11.D. To the extent either Seller or Purchaser collects any Delinquent Rentals after the Closing Date, such Delinquent Rentals shall be first applied to any accrued but unpaid rental obligations of Tenants at the Project for the period after the Closing Date and the balance, if any, shall be paid to Seller and credited against Tenants rental in connection with Delinquent Rentals relating to the period prior to the Closing Date (collectively, “Seller’s Rentals”); provided, however, notwithstanding any of the foregoing, to the extent any rentals due for the calendar month in which Closing occurs are received by Seller or Purchaser after the Closing Date but prior to the first (1st) day of the calendar month following the calendar month in which Closing occurs, the parties hereby agree the party who received said rentals shall prorate the same and remit to the other party, within one (1) business day thereafter, said party’s prorated portion. Seller shall have the right to pursue and take any action against any Tenant owing Delinquent Rentals relating to the period prior to the Closing Date; provided, however, Seller agrees to take no action which would cause a termination of such Tenant’s Lease or affect such Tenant’s right to quiet possession of its premises and Purchaser agrees to cooperate with Seller, at no cost to Purchaser, in Seller’s attempt to collect any of Seller’s Rentals.
Delinquent Rentals. As used herein, "Delinquent Rentals" means Base Rents which are due and payable prior to or on the day of the Closing but which have not actually been collected by Property Owner as of the day of the Closing. Contributors' account shall not be credited at the Closing for any Delinquent Rentals but Contributors shall retain all right, title and interest to any Delinquent Rentals and CBL/OP shall have no rights to any Delinquent Rentals. From and after the Closing, Contributor Representative shall be entitled to institute legal proceedings and otherwise attempt to collect any Delinquent Rentals (but without seeking to evict the Tenant) and CBL/OP agrees, at the expense of Contributors, to cooperate with Contributors in connection with such collection efforts by Contributor Representative. Any Delinquent Rentals received by CBL/OP subsequent to the Closing Date shall be first applied to accrued Rents (whether current or that became delinquent following the Closing) owing by the Tenant to CBL/OP, and the balance of Delinquent Rentals shall be promptly remitted to Contributors.
Delinquent Rentals. If Tenant does not pay the Rental described in Section 601 hereof on the due date thereof, Tenant shall pay to the Authority, as additional rental, an interest charge of eighteen percent (18%) per annum, applied against the delinquent amount due for each full calendar month of delinquency, computed as simple interest. Such interest shall be computed from the due date until the delinquent payment, together with accrued interest, is paid in full.
Delinquent Rentals. 10 d. Operating Cost Pass Throughs, Etc...............................11 e.
Delinquent Rentals. Rentals are delinquent when payment thereof is more than thirty (30) days past due as of the Close of Escrow. Delinquent rentals shall be not be prorated between Buyer and Seller on the Closing Statement. Buyer shall have the right to collect any delinquent rentals, but shall not have the obligation to do so. Nothing contained in this Agreement shall be deemed to prohibit Seller, at its own expense, from instituting any actions or proceedings in its own name against Saatchi after the Closing in order to collect the amount of any delinquencies due in whole or in part to Seller from Saatchi; provided, however, that in no event shall Seller be entitled to any such action or proceeding to seek to evict Saatchi and to recover possession of its space. Buyer shall not waive or settle any delinquency owed in whole or in part to Seller without the prior written consent of Seller. Delinquent rentals collected by Buyer, net of the costs of collection (including attorneys’ fees), shall be applied first to amounts due for periods after the Closing Date, and second to periods prior to the Closing Date. The provisions of this Section 15.3 shall survive Closing.
Delinquent Rentals. Rentals are "delinquent" when payment thereof is due prior to the Closing Date but has not been made by the Closing Date. Delinquent rentals shall not be prorated. At Closing, Seller shall provide Buyer with a statement ("Delinquency Statement") of all delinquent rentals as of the Closing Date. Any rental payment received by Buyer from a tenant of the Project on or after the Closing Date shall first be applied to current rentals due under such tenant's Lease, except to the extent that (i) Seller has identified such tenant as owing Seller delinquent rentals on the Delinquency Statement, and (ii) such tenant specifies that such payment should be applied to delinquent rentals. Any amounts so specified by such tenant as being for payment of delinquent rentals shall be paid by Buyer to Seller; provided that Buyer shall not be obligated to pay to Seller any amount in excess of the delinquent amount shown for such tenant on the Delinquency Statement. If delinquent rentals are not collected from the tenants owing such delinquent rentals, Buyer shall not be liable to Seller for such delinquent rentals. Buyer shall not have any obligation to collect any delinquent rentals.
Delinquent Rentals. If Tenant does not pay the Rental described in Section 601 (A) hereof within thirty (30) days following Tenant’s receipt of written notice of delinquency, there shall be added to all such delinquent sums due the Authority and unpaid, as may be established by Authority, under this Lease an interest charge of the principal sum for each full calendar month of delinquency computed as simple interest. The interest amount charged shall be established by Authority as set forth in Authority’s rates and Charges Ordinance or as such ordinance may hereafter be amended but shall in any event not exceed 18% or established per annum. No interest shall be charged upon that portion of any debt which, in good faith, is in dispute. No interest shall be charged upon any account until payment is thirty (30) days overdue, but such interest, when assessed thereafter, shall be computed from the due date until the delinquent payment, together with accrued interest, is paid in full. The interest rate, established by Ordinance by the Airport Authority Board, may change from time to time but shall in any event not exceed 18% per annum. Section 605 Intentionally deleted.
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Delinquent Rentals. The term "Delinquent Rentals" shall have the meaning ascribed to such term in Section 10.5(b).
Delinquent Rentals. Rentals are delinquent when payment thereof is more than thirty (30) days delinquent as of the Close of Escrow. Delinquent rentals shall be prorated between Buyer and Seller as of the Close of Escrow but not until they are actually collected by Buyer. Buyer shall have the sole right to collect any delinquent rentals, but shall not have the obligation to do so. Delinquent rentals collected by Buyer, net of the costs of collection (including attorneys'
