Common use of Interest on Landlord's Advances Clause in Contracts

Interest on Landlord's Advances. Any amounts paid by Landlord to cure any defaults of Tenant hereunder, which Landlord shall have the right, but not the obligation, to do, shall, if not repaid by Tenant within five (5) days of demand by Landlord, thereafter bear interest at the greater of the rate that is five (5%) percent over the Prime Rate in effect as of the date of such payment by Landlord, or twenty-four percent (24.0%) until paid.

Appears in 1 contract

Samples: Standard Building Lease (Bourbon Brothers Holding Corp)

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Interest on Landlord's Advances. Any amounts paid by Landlord to cure any defaults of Tenant hereunder, which Landlord shall have the right, but not the obligation, to do, shall, if not repaid by Tenant within five nine (59) calendar days of demand by Landlord, thereafter bear interest at the greater rate of the rate that is five eighteen percent (518%) percent over the Prime Rate in effect as of the date of such payment by Landlord, or twenty-four percent (24.0%) until paidper annum.

Appears in 1 contract

Samples: Office Lease (Heatwurx, Inc.)

Interest on Landlord's Advances. Any amounts paid by Landlord to cure any defaults of Tenant hereunder, which Landlord shall have the right, but not the obligation, to do, shall, if not repaid by Tenant within five (5) days of demand by Landlord, thereafter bear interest at the greater rate of the rate that is five percent (5%) percent over the then Prime Rate in effect as of the date of such payment by Landlord, or but not less than twenty-four percent (24.024%) per annum, until paid.

Appears in 1 contract

Samples: Standard Building Lease (Integrated Information Systems Inc)

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Interest on Landlord's Advances. Any amounts paid by Landlord to cure any defaults of Tenant hereunder, which Landlord shall have the right, but not the obligation, to do, shall, if not repaid by Tenant within five ten (510) calendar days of demand by Landlord, thereafter bear interest at the greater rate of the rate that is five eighteen percent (518%) percent over the Prime Rate in effect as of the date of such payment by Landlord, or twenty-four percent (24.0%) until paidper annum.

Appears in 1 contract

Samples: Standard Office Lease (Healthetech Inc)

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