Interest on Default. If Lessee fails to pay any Lease Payment specified in Section 1 hereof within ten (10) days after the due date thereof, Lessee shall pay to Lessor interest on such delinquent payment from the due date until paid at the highest lawful rate.
Appears in 5 contracts
Samples: Municipal Lease Purchase Agreement, Municipal Lease Purchase Agreement, Municipal Lease Purchase Agreement
Interest on Default. If Lessee fails to pay any Lease Payment specified in Section 1 hereof within ten twenty (1020) days after the due date thereof, Lessee shall pay to Lessor interest on such delinquent payment from the due date until paid at the highest lawful rate.
Appears in 1 contract
Samples: Municipal Lease Purchase Agreement
