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).
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.
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.
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.
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.
Interest on Overdue Rent. Without waiving any right of action of the LANDLORD in the EVENT OF DEFAULT of any payments pursuant to this LEASE, in the event that the TENANT is delinquent in payment of any RENT for thirty (30) days or more, the TENANT 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.
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.
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.
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.
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.
