Interest on Overdue Rent Sample Clauses

Interest on Overdue Rent. Lessee also agrees to pay to Lessor any and all Rent promptly as the same shall become due and owing (or on demand if no due date is specified). In the event of any failure on the part of Lessee to pay any Rent, Lessor and each such other Person shall have all rights, powers and remedies provided for herein or by law or in equity or otherwise in the case of nonpayment of Rent. Lessee will also pay, on demand, to the extent permitted by Applicable Law, interest at the Overdue Interest Rate on any part of any installment of Rent not paid when due for any period for which the same shall be overdue for the period from such due date or demand until the same shall be paid. All Rent to be paid pursuant to this Section 3(c) shall be payable in the type of funds and in the manner set forth in Section 3(b).
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Interest on Overdue Rent. If the Tenant fails to pay within ten (10) days from when due any Basic Rent or Additional Rent, the unpaid amount will bear interest from the due date to the date of payment at the Stipulated Rate of Interest and such interest shall be calculated and payable monthly.
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Interest on Overdue Rent. Overdue Rent payments shall be interest at the current Bank of Canada lending rate effective from the date the amount is due.
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Interest on Overdue Rent. Without waiving any right of action of the CITY in the EVENT OF DEFAULT of any payments pursuant to this LEASE, in the event that OCWA is delinquent in payment of any RENT for thirty (30) days or more, OCWA agrees to pay interest on the arrears of RENT at the rate of one point two eight five (1.285%) per cent per month, compounded, (which equates to a rate of sixteen point five six (16.56%) per cent per annum), retroactive from the date the amount was due and payable, until it is actually paid.
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Interest on Overdue Rent. Each and every payment of rent or additional rent payable under the provisions of this Lease by the Tenant to the Landlord or the payment of any costs or expenses incurred by the Landlord in enforcing the provisions of this Lease shall be due and payable as provided for under the terms of this Lease and if not paid when due shall bear interest at the rate of five percent (5%) per annum above the prime commercial lending rate of the Landlord’s designated bank from time to time in the City of Vancouver from the date when same shall become payable under the terms of this Lease until the same shall be paid, and such interest shall accrue and be payable without the necessity of any demand therefore being made. Notwithstanding the provisions of this paragraph, nor the payment nor acceptance of interest payable hereunder, the Landlord shall not hereby be deemed to have waived any default or breach by the Tenant of the terms of this Lease that may have occurred and the Landlord may exercise its rights hereunder arising from such default or breach and concurrently recover the interest as herein provided.
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Interest on Overdue Rent. All Rent including Minimum Rent, Additional Rent and GST in arrears shall bear Interest from the date the same became due and payable by the Tenant to the Landlord until the date of payment or repayment to the Landlord.
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Interest on Overdue Rent. Unless otherwise provided herein, all Rent (other than Percentage Rent, Approved Substitute Percentage Rent and Default Substitute Percentage Rent, which shall be due as provided in Section 5.4.1) owed by Tenant to Landlord shall be due ten (10) calendar days from the date the Landlord renders statements of account or invoices therefor. If any Rent (including, without limitation, Percentage Rent, Approved Substitute Percentage Rent and Default Substitute Percentage Rent) is not received by Landlord within one Business Day after the date due, Tenant agrees to pay to Landlord, interest at the Prime Rate plus eight percent (8%) but not in excess of the Criminal Usury Rate (the "Default Rate") on the overdue amount from the date such obligation was due until paid.
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Interest on Overdue Rent. Unless otherwise provided herein, all Rent (other than Percentage Rent, Approved Substitute Percentage Rent and Default Substitute Percentage Rent, which shall be due as provided in Section 5.2.1) owed by Tenant to Landlord shall be due ten (10) calendar days from the date the Landlord renders statements of account or invoices therefor. If any Rent (including, without limitation, Percentage Rent, Approved Substitute Percentage Rent and Default Substitute Percentage Rent) is not received by Landlord or Xxxxxx'x, as the case may be, within one Business Day after the date due, Tenant agrees to pay to Landlord or Xxxxxx'x, as the case may be, interest at the Prime Rate plus eight percent (8%) but not in excess of the Criminal Usury Rate (the "Default Rate") on the overdue amount from the date such obligation was due until paid. 5.7
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Interest on Overdue Rent. Any installments of Rent overdue for a period of more than thirty (30) days shall bear interest at the then existing prime interest rate until paid.
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Related to Interest on Overdue Rent

  • Interest on Overdue Payments (a) If, for any reason, a Party does not pay an amount payable under or in connection with this Agreement on or before the due date for payment, it must pay interest to the other Party (who is entitled to receive the payment).

  • Interest on Overdue Amounts 22.1 Any Licence Fee which is payable and remains unpaid for a period in excess of 30 (thirty) days from the date of the invoice, will attract interest at the current legal rate, calculated in accordance with the interest rate prescribed by the Minister of Justice in accordance with the Prescribed Rate of Interest Act 55 of 1975, as amended.

  • Payment of default interest on overdue amounts The Borrower shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower under any Finance Document which the Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:

  • Interest on Late Payment Subject to clause 9.7, the Trader or the Distributor (as the case may be) must pay any Tax Invoice issued under this clause 9. If any part of a Tax Invoice that is properly due in accordance with this Agreement is not paid by the due date, Default Interest may be charged on the outstanding amount for the period that the Tax Invoice remains unpaid.

  • Interest on Late Payments a. State Agencies The payment of interest on certain payments due and owed by Agency may be made in accordance with Article 11-A of the State Finance Law (SFL §179-d et. Seq.) and Title 2 of the New York Code of Rules and Regulations, Part 18 (Implementation of Prompt Payment Legislation -2 NYCRR §18.1 et seq.).

  • Interest on Arrears Any interest instalment unpaid on maturity shall yield interest, of right and without formal notice, at the same rate as applicable to the portion of the loan whose interest is unpaid on maturity, such interest being payable to the Lender on request.

  • Interest on Term Loan The Credit Agreement is hereby further amended by deleting ss.4.5.1. thereto in its entirety and substituting in lieu thereof the following new ss.4.5.1.:

  • Late Charge and Interest on Rent in Default Tenant acknowledges that the late payment by Tenant of any monthly installment of Base Monthly Rent or any Additional Rent will cause Landlord to incur certain costs and expenses not contemplated under this Lease, the exact amounts of which are extremely difficult or impractical to fix. Such costs and expenses will include without limitation, administration and collection costs and processing and accounting expenses. Therefore, if any installment of Base Monthly Rent is not received by Landlord from Tenant within five (5) calendar days after the same becomes due, Tenant shall immediately pay to Landlord a late charge in an amount equal to the amount set forth in Article 1 as the “Late Charge Amount,” and if any Additional Rent is not received by Landlord when the same becomes due, Tenant shall immediately pay to Landlord a late charge in an amount equal to 5% of the Additional Rent not so paid. Landlord and Tenant agree that this late charge represents a reasonable estimate of such costs and expenses and is fair compensation to Landlord for the anticipated loss Landlord would suffer by reason of Tenant’s failure to make timely payment. In no event shall this provision for a late charge be deemed to grant to Tenant a grace period or extension of time within which to pay any rental installment or prevent Landlord from exercising any right or remedy available to Landlord upon Tenant’s failure to pay each rental installment due under this Lease when due, including the right to terminate this Lease. If any rent remains delinquent for a period in excess of five (5) calendar days, then, in addition to such late charge, Tenant shall pay to Landlord interest on any rent that is not so paid from said fifth day at the then maximum rate of interest not prohibited or made usurious by Law until paid.

  • Interest on Payments Any payment by the Receiver pursuant to Section 2.6(d) shall be made together with interest on the amount thereof that accrues with effect from five (5) Business Days after the date on which payment was agreed or determined to be due until such amount is paid. The annual interest rate shall be determined by the Receiver based on the coupon equivalent of the three (3)-month U.S. Treasury Xxxx Rate in effect as of the first Business Day of each Calendar Quarter during which such interest accrues as reported in the Federal Reserve Board Statistical Release for Selected Interest Rates H.15 opposite the caption “Treasury bills (secondary market), 3-Month” or, if not so reported for such day, for the next preceding Business Day for which such rate was so reported.

  • Interest on Term Loans The outstanding principal amount of each Term Loan made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Term Loan is a Base Rate Loan, the Base Rate plus the Applicable Margin in effect from time to time, and (ii) during such periods as such Term Loan is a Eurodollar Loan, the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for the applicable Interest Period plus the Applicable Margin in effect from time to time.

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