Common use of Interest on Past Due Amounts Clause in Contracts

Interest on Past Due Amounts. In addition to the late charge described in Article 14 below, if any installment of Annual Basic Rent or Additional Rent is not paid promptly when due, it shall bear interest at the Default Rate; provided, however, this provision shall not relieve Tenant from any default in the making of any payment at the time and in the manner required by this Lease; and provided, further, in no event shall the Default Rate exceed the maximum rate (if any) permitted by applicable law.

Appears in 7 contracts

Samples: Industrial Lease (Eschelon Telecom Inc), Office Lease (Mobility Electronics Inc), Office Lease (Orthopedic Biosystems LTD Inc)

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Interest on Past Due Amounts. In addition to the late charge described in Article 14 12 below, if any installment of Annual Basic Rent or Additional Rent is not paid promptly when due, it shall bear interest at the Default Rate; provided, however, this provision shall not relieve Tenant from any default in the making of any payment at the time and in the manner required by this Lease; and provided, further, in no event shall the Default Rate exceed the maximum rate (if any) permitted by applicable law.

Appears in 2 contracts

Samples: Office Lease (SenesTech, Inc.), Office Lease (SenesTech, Inc.)

Interest on Past Due Amounts. In addition to the late charge described in Article 14 below, if any installment of Annual Basic Rent or Additional Rent is not paid promptly when due, it shall bear interest at the Default RateInterest Rate from the date due; provided, however, this provision shall not relieve Tenant from any default in the making of any payment at the time and in the manner required by this Lease; and provided, further, in no event shall the Default Rate exceed the maximum rate (if any) permitted by applicable law.

Appears in 2 contracts

Samples: Lease Agreement (Suntek Corp), Lease Agreement (Asset Acceptance Capital Corp)

Interest on Past Due Amounts. In addition to the late charge described in Article 14 below, if any installment of Annual Monthly Basic Rent or Additional Rent is not paid promptly when due, it shall bear interest at the Default Rate; provided, however, this provision shall not relieve Tenant from any default in the making of any payment at the time and in the manner required by this Lease; and provided, further, in no event shall the Default Rate exceed the maximum rate (if any) permitted by applicable law.

Appears in 1 contract

Samples: Industrial Lease (Studio One Media, Inc.)

Interest on Past Due Amounts. In addition to the late charge described in Article 14 below, if any installment of Annual Basic Base Rent or Additional Rent is not paid promptly when due, it shall bear interest at the Default Rate; provided, however, this provision shall not relieve Tenant from any default in the making of any payment at the time and in the manner required by this Lease; and provided, further, in no event shall the Default Rate exceed the maximum rate (if any) permitted by applicable law.

Appears in 1 contract

Samples: Office Lease (Revelstone Capital Acquisition Corp.)

Interest on Past Due Amounts. In addition to the late charge ---------------------------- described in Article 14 below, if any installment of Annual Basic Rent or ---------- Additional Rent is not paid promptly when due, it shall bear interest at the Default Rate; provided, however, this provision shall not relieve Tenant from any default in the making of any payment at the time and in the manner required by this Lease; and provided, further, in no event shall the Default Rate exceed the maximum rate (if any) permitted by applicable law.

Appears in 1 contract

Samples: Office Lease (Argosy Education Group Inc)

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Interest on Past Due Amounts. In addition to the late charge described in Article 14 below, if any installment of Annual Basic Rent or Additional Rent Tenant’s Share of Expenses is not paid promptly when due, it shall bear interest at the Default Rate; provided, however, this provision shall not relieve Tenant from any default in the making of any payment at the time and in the manner required by this Lease; and provided, further, in no event shall the Default Rate exceed the maximum rate (if any) permitted by applicable law.

Appears in 1 contract

Samples: Office Lease (Textainer Group Holdings LTD)

Interest on Past Due Amounts. In addition to the late charge described in Article 14 belowXV, if any installment of Annual Basic Rent or Additional Rent is not paid promptly when due, it shall bear interest at the Default RateRate from the due date; provided, however, this provision shall not relieve Tenant from any default in the making of any payment at the time and in the manner required by this the Lease; and provided, further, in no event shall the Default Rate exceed the maximum rate (if any) permitted by applicable law.

Appears in 1 contract

Samples: Office Lease (Futureone Inc /Nv/)

Interest on Past Due Amounts. In addition to the late charge described in Article 14 below, if any installment of Annual Basic Rent or Additional Rent is not paid promptly when due, it shall bear interest at the Default Rate; provided, however, this provision pro­vision shall not relieve Tenant from any default in the making of any payment at the time and in the manner required by this Lease; and provided, further, in no event shall the Default Rate exceed the maximum rate (if any) permitted by applicable law.

Appears in 1 contract

Samples: Office Lease (Fresh Medical Laboratories, Inc.)

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