Interest on Delinquent Rent. All delinquent Minimum Rent and Additional Rent and all other charges due under this Lease shall accrue interest at a rate equal to the maximum amount permitted by law, irrespective of and in addition to any Late Fees charged pursuant to Article 2.08 of this Lease, from the due date of such payment and shall constitute other rent payable by Tenant under this Lease and shall be paid by Tenant to Landlord upon demand. Payment shall not be deemed received if Tenant's payment is not actually collected (such as charges for returned checks).
Interest on Delinquent Rent. Any Rent due from Tenant to Landlord which is not paid when cue shall bear interest at the lower of (i) eighteen percent (18%) per annum or (ii) the highest rate from time to time allowed by applicable law, from the date such payment is due until paid, but the payment of such interest shall not excuse or cure the default. This provision for default interest shall be in addition to all of Landlord's other rights and remedies hereunder or at law or equity and shall not be construed as liquidated damages or as limiting Landlord's remedies in any manner. Any assessed default interest will be additional Rent owed hereunder.
Interest on Delinquent Rent. If any payment under this Section 3 is not paid within thirty (30) days following the date it is due, such unpaid amount shall bear interest from the date due until paid at an annual interest rate (the "Default Rate") equal to the greater of (i) ten percent (10%) or (ii) five percent (5%) in excess of the rate the Federal Reserve Bank of San Francisco charges, as of the date payment is due, on advances to member banks and depository institutions under Sections 13 and 13a of the Federal Reserve Act. However, interest shall not be payable to the extent such payment would violate any applicable usury or similar law. Payment of interest shall not excuse or cure any default by Tenant. Tenant shall also pay reasonable attorneys' fees and costs incurred by the City by reason of Xxxxxx's failure to make any payments under this Section 3 within the time periods described above.
Interest on Delinquent Rent. If any Base Rent is not paid within ten Days following the date it is due, or if any Additional Rent is not paid within 30 Days following written demand for payment of such Additional Rent, such unpaid amount shall bear interest from the date due until paid at an annual interest rate (the “Default Rate”) equal to five percent (5%) in excess of the rate the Federal Reserve Bank of Richmond charges, as of the date payment is due, on advances to member banks and depository institutions under Sections 13 and 13A of the Federal Reserve Act or any successor or replacement statutes thereto. However, interest shall not be payable to the extent such payment would violate any applicable usury or similar law. Payment of interest shall not excuse or cure any default by Tenant.
Interest on Delinquent Rent. Failure of Tenant to pay any rent payment within ten (10) days of its due date shall, at the option of the Landlord, cause this lease to be in default. The Tenant agrees to pay a late fee of 5% plus interest at the rate of 1.5% per month on the outstanding balance until fully paid.
Interest on Delinquent Rent. Any Base Rent or other sums due to Landlord under this Lease and not paid on or before the due date therefor shall bear interest at the Interest Rate from the due date until paid. The “Interest Rate” shall equal the lesser of (i) the highest rate allowable by law, or (ii) the greater of (a) the rate publicly announced from time to time, by Citibank N.A. or its successor as its Prime Rate or its Reference Rate or other similar benchmark, plus five percent (5%), and (b) thirteen percent (13%) per annum, or (iii) the default rate charged by the Mortgagee (as defined below) on delinquent loan payments (and taking into account any grace or cure periods permitted by such Mortgagee). Payment of such interest shall not excuse or cure any default by Tenant under this Lease. As used in this Lease, the term “Mortgagee” shall mean any lender whose loan constitutes a first lien on the Premises and mezzanine debt lender which acquired a lien on the membership interests in Landlord in connection with Landlord’s acquisition of the Premises and the foregoing entities’ successors and assigns.
Interest on Delinquent Rent. In the event that Lessee shall fail or refuse to pay any installment of Rent due to Ground Lessor under this Agreement within seven (7) Days after the due date thereof, Lessee shall pay to Ground Lessor interest at the Default Rate after such seven (7)-Day period and until such installment has been paid.
Interest on Delinquent Rent. Any Rent due from Tenant to Landlord which is not paid when due shall bear interest from and after the expiration of any applicable cure or grace period until paid at the lower of
Interest on Delinquent Rent. Any Rent due from Tenant to Landlord which is not paid when due shall bear interest from and after the expiration of any applicable cure or grace period until paid at the lower of (i) eighteen percent (18%) per annum or (ii) the highest rate from time to time allowed by applicable law, from the date such payment is due until paid, but the payment of such interest shall not excuse or cure the default. This provision for default interest shall be in addition to all of Landlord's other rights and remedies hereunder or at law or equity and shall not be construed as liquidated damages or as limiting Landlord's remedies in any manner. Any assessed default interest will be additional Rent owed hereunder.
Interest on Delinquent Rent. Landlord shall charge Tenant from the date due until paid interest at the then highest lawful rate of interest on delinquent rent installments (received more than five (5) days after the date due) and on any other amounts due to Landlord from Tenant under the terms of this Lease. Payment of such interest shall not excuse or cure any default by Tenant under this Lease.
