Common use of INTEREST ON PAST DUE OBLIGATION Clause in Contracts

INTEREST ON PAST DUE OBLIGATION. Except as expressly herein provided, any amount due to Landlord not paid when due shall bear interest at eighteen percent (18%) per annum or the maximum rate then allowable by law from the date due, whichever is less. Payment of such interest shall not excuse or cure any default by Tenant under this Lease, provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

INTEREST ON PAST DUE OBLIGATION. Except as expressly herein provided, any Any amount due owed by Tenant to Landlord which is not paid when due shall bear interest at eighteen the rate of fifteen percent (1815%) per annum or the maximum rate then allowable by law from the due date due, whichever is less. Payment of such amount. However, interest shall not be payable on late charges to paid by Tenant under this Lease. The payment of interest on such amounts shall not excuse or cure any default by Tenant under this Lease. If the interest rate specified in this Lease is higher than the rate permitted by law, provided, however, that the interest shall not be payable on late charges incurred rate is hereby decreased to the maximum legal interest rate permitted by Tenant nor on any amounts upon which late charges are paid by Tenantlaw.

INTEREST ON PAST DUE OBLIGATION. Except as expressly herein provided, any amount due to Landlord not paid when due shall bear interest at eighteen percent (18%) per annum or the maximum rate then allowable by law from the date due, whichever is less. Payment of such interest shall not excuse or cure any default by Tenant under this Lease, provided, however, that interest shall not be payable on an late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

INTEREST ON PAST DUE OBLIGATION. Except as expressly herein provided, any amount due to Landlord not paid when due shall bear interest at eighteen percent (18%) per annum or the maximum legal rate then allowable by law from the date due, whichever is lessthat due date. Payment of such interest shall not excuse or cure any default by Tenant under this Lease, provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

INTEREST ON PAST DUE OBLIGATION. Except as expressly herein provided, any amount due not paid to Landlord not paid when due shall bear interest at eighteen percent (18eight percent(8%) per annum or the maximum rate then allowable by law from the date due, whichever is lessdue date. Payment of such interest shall not excuse or cure any default by Tenant under this Lease, provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

INTEREST ON PAST DUE OBLIGATION. Except as expressly herein provided, any amount due to Landlord not paid when due shall bear interest at eighteen percent (18%) the lesser of 12% per annum or the maximum rate then allowable by law from the date due, whichever is lessdue (the "Interest Rate"). Payment of such interest shall not excuse or cure any default by Tenant under this Lease, provided, however, that interest . Interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by TenantTenant until 30 days after the due date of such payment.

INTEREST ON PAST DUE OBLIGATION. Except as expressly herein ------------------------------- provided, any amount due to Landlord not paid when due shall bear interest at eighteen percent (18%) the lesser of 12% per annum or the maximum rate then allowable by law from the date due, whichever is lessdue (the "Interest Rate"). Payment of such interest shall not excuse or cure any default by Tenant under this Lease, provided, however, that interest . Interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by TenantTenant until 30 days after the due date of such payment.