INTEREST ON PAST-DUE OBLIGATIONS. Any amount that is due to Landlord and not paid when due shall bear interest from the date due at the maximum rate then allowable by law; provided, however, that interest shall not be payable on late charges incurred by Tenant. Payment of the interest shall not cure any default by Tenant under this Lease.
Appears in 2 contracts
Samples: Commercial Lease Agreement, Industrial Lease
INTEREST ON PAST-DUE OBLIGATIONS. Any amount that is due owed by Tenant to Landlord and which is not paid when due shall bear interest from the date due at a rate equal to the maximum rate then allowable by law; providedunder applicable law (the "Default Rate") from date that said payment was originally due. However, however, that said interest shall not be payable on late charges incurred by TenantTenant nor on any amounts upon which late charges are paid by Tenant under this Lease. Payment The payment of the interest on such amounts shall not excuse or cure any default by Tenant under this Lease.
Appears in 2 contracts
Samples: Lease Agreement (Adsouth Partners, Inc.), Warehouse Lease (Newagecities Com Inc)
INTEREST ON PAST-DUE OBLIGATIONS. Any Except as expressly herein provided, any amount that is due to Landlord and not paid when due shall bear interest from the date due at the maximum rate then allowable by lawlaw from the date due. 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. Payment of the interest shall not cure any default by Tenant under this Lease.
Appears in 2 contracts
Samples: License Agreement, Substance Abuse Technologies Inc
INTEREST ON PAST-DUE OBLIGATIONS. Any Except as expressly herein provided, any amount that is due to Landlord and not paid when due shall bear interest from the date due at the maximum rate then allowable by law; law from the date due. 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. Payment of the interest shall not cure any default by Tenant under this Lease.
Appears in 2 contracts
Samples: Startup Lab Lease Agreement, Lease Agreement
INTEREST ON PAST-DUE OBLIGATIONS. Any amount that is due from Tenant to Landlord and hereunder which is not paid when due shall bear interest from the date due at the maximum rate then allowable by lawlaw or judgment from the date of notice of delinquency from Landlord. The payment of interest on such amounts 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. Payment of the interest shall not cure any default to be paid by Tenant under this Lease.
Appears in 2 contracts
Samples: Work Letter Agreement (Maxim Pharmaceuticals Inc), Lease Termination Agreement (Maxim Pharmaceuticals Inc)
INTEREST ON PAST-DUE OBLIGATIONS. Any amount that is due not paid by Tenant to Landlord and not paid when due shall bear interest from the date due at the maximum rate then than allowable by law; provided, however, except that interest shall not be payable on any late charges incurred by Tenantcharge. Payment of the interest shall not excuse or cure any default by Tenant under this LeaseTenant.
Appears in 1 contract
INTEREST ON PAST-DUE OBLIGATIONS. Any amount that is due to Landlord and not paid when due shall bear interest from the date due at the maximum rate then allowable by law; provided, however, that interest shall not be payable on late charges incurred by TenantXxxxxx. Payment of the interest shall not cure any default by Tenant under this Lease.
Appears in 1 contract
Samples: Real Property Lease Agreement
INTEREST ON PAST-DUE OBLIGATIONS. Any Except as expressly herein provided, any amount that is due to Landlord and that is not paid when due shall bear interest from the date due at [*] or the maximum rate then allowable permitted by applicable law. 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. Payment of the interest shall not cure any default by Tenant under this Lease.
Appears in 1 contract
Samples: Standard Lease (Ambarella Inc)
INTEREST ON PAST-DUE OBLIGATIONS. Any In addition to any late charges payable hereunder, any amount that is due from Tenant to Landlord and which is not paid when due shall bear interest from the date due at the maximum rate then allowable by law; provided, however, that Interest Rate. The payment of such interest shall not be payable on late charges incurred by Tenant. Payment of the interest shall not excuse or cure any default by Tenant under this Lease.
Appears in 1 contract
Samples: Access Integrated Technologies Inc
INTEREST ON PAST-DUE OBLIGATIONS. Any Except as expressly herein provided, any amount that is due to Landlord and not paid when due shall bear interest from the date due at the maximum rate then allowable by lawlaw or judgments from the date due, 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. Payment of the interest shall not cure any default by Tenant under this Lease.
Appears in 1 contract
Samples: Standard Office Lease (Excalibur Technologies Corp)