Common use of Interest on Past Due Amounts Clause in Contracts

Interest on Past Due Amounts. If Tenant fails to pay any sum which at any time becomes due to Landlord under any provision of this Lease as and when the same becomes due hereunder, and such failure continues for ten (10) days after the due date for such payment, then Tenant shall pay to Landlord interest on such overdue amounts from the date due until paid at an annual rate which equals the lesser of (i) eighteen percent (18%) or (ii) the highest rate then permitted by law.

Appears in 6 contracts

Samples: Lease Agreement (Rules-Based Medicine Inc), Lease Agreement (Tanisys Technology Inc), Standard Industrial Lease Agreement (Advanced Energy Industries Inc)

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Interest on Past Due Amounts. If Tenant fails to pay any sum which ---------------------------- at any time becomes due to Landlord under any provision of this Lease as and when the same becomes due hereunder, and such failure continues for ten thirty (1030) days after the due date for such payment, then Tenant shall pay to Landlord interest on such overdue amounts from the date due until paid at an annual rate which equals the lesser of (i) eighteen percent (18%) or (ii) the highest rate then permitted by law.

Appears in 1 contract

Samples: Lease Agreement (Active Power Inc)

Interest on Past Due Amounts. If Tenant fails to pay any sum which at any time becomes due to Landlord under any provision of this Lease as and when the same becomes due hereunder, and such failure continues for ten (10) days after the due date for such payment, then Tenant shall pay to Landlord interest on such overdue amounts from the date due until paid at an annual rate which equals the lesser of (i) eighteen ten percent (1810%) or (ii) the highest rate then permitted by law).

Appears in 1 contract

Samples: Lease Agreement (Metrowerks Inc /Tx/)

Interest on Past Due Amounts. If Tenant fails to pay any sum which at any time becomes due to Landlord under any provision of this Lease as and when the same becomes due hereunder, and such failure continues for ten (10) days after the due date for such payment, then Tenant shall pay to Landlord interest on such overdue amounts from the date due until paid at an annual rate which equals the lesser of (i) eighteen twelve percent (1812%) or (ii) the highest rate then permitted by law.

Appears in 1 contract

Samples: Lease Agreement (DJO Finance LLC)

Interest on Past Due Amounts. If Tenant fails to pay any sum which at any time becomes due to Landlord under any provision of this Lease as and when the same becomes due hereunder, and such failure continues for ten thirty (1030) days after the due date for such payment, payment then Tenant shall pay to Landlord interest on such overdue amounts from the date due until paid at an annual rate which equals the lesser of (i) eighteen thirteen percent (1813%) or (ii) the highest rate then permitted by law.

Appears in 1 contract

Samples: Lease Agreement (Staktek Holdings Inc)

Interest on Past Due Amounts. If Tenant fails to pay any sum which at ---------------------------- any time becomes due to Landlord under any provision of this Lease as and when the same becomes due hereunder, and such failure continues for ten (10) days after the due date for such payment, then Tenant shall pay to Landlord interest on such overdue amounts from the date due until paid at an annual rate which equals the lesser of (i) eighteen percent (18%) or (ii) the highest rate then permitted by law.

Appears in 1 contract

Samples: Lease Agreement (Clearcommerce Corp)

Interest on Past Due Amounts. If Tenant fails to pay any sum which at any time becomes due to Landlord under any provision of this Lease as and when the same becomes due hereunder, and such failure continues for ten sixty (1060) days after the due date for such payment, then Tenant shall pay to Landlord interest on such overdue amounts from the date due until paid at an annual rate which equals the lesser of (i) eighteen fourteen percent (1814%) or (ii) the highest rate then permitted by law.

Appears in 1 contract

Samples: Lease Agreement (Xetel Corp)

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Interest on Past Due Amounts. If Tenant fails to pay any sum which at any time becomes due to Landlord under any provision of this Lease as and when the same becomes due hereunder, and such failure continues for ten (10) days after the due date for such payment, then Tenant shall pay to Landlord interest Interest on such overdue amounts from the date due until paid at an annual rate which equals the lesser of (i) eighteen percent (18%) or (ii) the highest rate then permitted by law.

Appears in 1 contract

Samples: Lease Agreement (Tangoe Inc)

Interest on Past Due Amounts. If Tenant fails to pay any sum which at any time becomes due to Landlord under any provision of this Lease as and when the same becomes due hereunder, and such failure continues for ten sixty (1060) days after the due date for such payment, then Tenant shall pay to Landlord interest on such overdue amounts from the date due until paid at an annual rate which equals the lesser of (i) eighteen percent (18%) or (ii) the highest rate then permitted by law.overdue

Appears in 1 contract

Samples: Lease Agreement (Xetel Corp)

Interest on Past Due Amounts. If Tenant fails to pay any sum which at any time becomes due to Landlord under any provision of this Lease as and when the same becomes due hereunderthereunder, and such failure continues for ten (10) days after the due date for such payment, then Tenant shall pay to Landlord interest on such overdue amounts from the date due due, until paid at an annual rate which equals the lesser of (i) eighteen percent (18%) or (ii) the highest rate then permitted by law.

Appears in 1 contract

Samples: Lease Agreement (Cooperative Computing Inc /De/)

Interest on Past Due Amounts. If Tenant fails to pay any sum which ---------------------------- at any time becomes due to Landlord under any provision of this Lease as and when the same becomes due hereunder, and such failure continues for ten (10) days after the due date for such payment, then Tenant shall pay to Landlord interest on such overdue amounts from the date due until paid at an annual rate which equals the lesser of (i) eighteen twelve percent (1812%) or (ii) the highest rate then permitted by law.

Appears in 1 contract

Samples: Lease Agreement (Luminex Corp)

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