Interest on Amounts in Arrears. When Basic Rent or any Additional Rent (including interest thereon, if any) payable hereunder by the Tenant to the Landlord is in arrears, the same shall bear interest at the rate of PRIME + 3% per centum per annum and such interest shall be and is agreed to be due and payable on demand as additional rent reserved hereunder.
Interest on Amounts in Arrears. Whenever any Minimum Rent, or Additional Rent (including interest thereof, if any) payable hereunder by the Tenant to the Landlord is in arrears for ten (10) days after written notice, the same shall bear interest as of the due date to the date of complete payment at the Stipulated Rate of Interest and such interest shall be due and payable on demand as Additional Rent reserved hereunder.
Interest on Amounts in Arrears. When the Rent is in arrears, such amounts will bear interest, including interest on overdue interest, at the Prime Rate plus 3% per annum calculated monthly not in advance from the date due until paid, irrespective of whether or not the Landlord demanded payment. The Landlord will have all the remedies for the collection of such interest, if unpaid after demand, as in the case of Rent in arrears, but this stipulation for interest will not prejudice or affect any other remedy of the Landlord under this Lease. If the Tenant fails to pay taxes under clause 3.1 when due, then clause
Interest on Amounts in Arrears. When the! Rent or any other amount payabk he1"1::under by the I .essce to the Lessor shall be in :m-ears, such amount shall bear interest at the rate of three per cent (Yk) per annum ::ibo,·c the highest prime commen:ial lending rat\! of the Bank of t-.-Iontreal carrying on business in the City of Vancouver. Province of British Columbia. until paid. and the Lc::;sor shall ha,·e all the remedies for the collection of such interest. if unpaid aft.:r dcm:ind, as in the case of rem in arrears. but this stipulation for interest shall not prejudice or affect any ot11er remetly of the Lessor under this Lease.
Interest on Amounts in Arrears. When Rent, including any interest accrued thereon, payable hereunder by the Tenant to the Landlord is in arrears, the same will bear interest at a rate equal to 4% per annum above the Prime Rate at the time such Basic Rent or Additional Rent became due, compounded monthly, from the date such rent became due to and including the date of payment. The Landlord will have all remedies for the collection of such interest as it has for the recovery of Basic Rent in arrears.
Interest on Amounts in Arrears. When Basic Rent or Additional Rent, including any interest accrued thereon, payable thereunder by the Tenant to the Landlord is in arrears, the same will bear interest at a rate equal to two percent (2%) per month from the date such rent became due to and including the date of payment. The Landlord will have all remedies for the collection of such interest as it has for the recovery of Basic Rent in arrears.
Interest on Amounts in Arrears. When Basic Rent or additional rent, including any interest accrued thereon, payable hereunder is in arrears, the same will bear interest at a rate equal to 5% above the prime rate being charged by The Royal Bank of Canada, 1025 Xxxx Xxxxxxx Xxxxxx, Xxxxxxxxx, X.C., as its "prime rate" to its most favoured commercial customers at the time such Basic Rent or additional rent became due, compounded monthly from the date 8 8 such rent became due to and including the date of such payment. The Landlord will have all remedies for the collection of such interest as it has for the recovery of Basic Rent in arrears.
Interest on Amounts in Arrears. When rent or any other amount payable under this Lease Agreement by the Lessee to the City is in arrears, such amounts will bear interest at the rate of 10% per annum until paid, irrespective of whether or not the City demanded payment. The City will have all the remedies for collection of such interest, if unpaid after demand, as in the case of rent in arrears, but this stipulation for interest will not prejudice or affect any other remedies available to the City under this Lease Agreement or at law or in equity. If the Lessee fails to pay taxes under section
Interest on Amounts in Arrears. The Tenant will pay to the Regional District interest at a rate equal to three (3) percent per year above the prime commercial lending rate per year charged by the Royal Bank of Canada at its main branch in Vancouver, at the start of each month, calculated and compounded monthly, upon all Rent or other expenses required to be paid under this Agreement, from the due date for payment until paid. This stipulation for interest will not prejudice any other right or remedy of the Regional District under this Agreement or at law or at equity.
