Common use of INTEREST ON PAST-DUE OBLIGATIONS Clause in Contracts

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 48 contracts

Samples: Lease Agreement Between (Biolife Solutions Inc), Wrap Technologies, Inc., Guaranty of Lease (Avalanche International, Corp.)

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INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant -------------------------------- to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be paid by Tenant under this Lease. The payment of interest Interest on such amounts shall not excuse or cure any default by Tenant under this Lease. If , if the interest rate specified in this Lease is higher than the rate permitted by law, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 11 contracts

Samples: Doskocil Manufacturing Co Inc, Doskocil Manufacturing Co Inc, Doskocil Manufacturing Co Inc

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen ten percent (1510%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 7 contracts

Samples: Agreement for Purchase and Sale of Real Estate (Samsonite Corp/Fl), Lease Agreement (Blucora, Inc.), Disturbance and Attornment Agreement (Skechers Usa Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen twelve percent (1512%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 6 contracts

Samples: Agreement of Purchase and Sale (SP Holding CORP), Lease (Multiple Zones International Inc), Hot Topic Inc /Ca/

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) Prime + 4% per annum from the due date of such amountamount until paid in full. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 3 contracts

Samples: Nondisturbance and Attornment Agreement (Endologix Inc /De/), Lease Agreement (TriVascular Technologies, Inc.), Lease Agreement (TriVascular Technologies, Inc.)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law. Section 4.08.

Appears in 2 contracts

Samples: Southern Electronics Corp, Nebo Products Inc

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when within ten (10) days of its due date shall bear interest at the rate of fifteen percent (15%) per annum or at the highest rate then permitted by law, whichever is less, from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 2 contracts

Samples: Termination Agreement, Lease (Pacira Pharmaceuticals, Inc.)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen eleven percent (1511%) per annum from ten days after the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Home Interiors & Gifts Inc), Industrial Real Estate Lease (Home Interiors & Gifts Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amountamount until paid. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 2 contracts

Samples: Industrial Real Estate Lease (Dynamic Health Products Inc), Industrial Real Estate Lease (Direct Focus Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 2 contracts

Samples: Simple Technology Inc, Simple Technology Inc

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when within ten (10) days after it first becomes due shall bear interest at the rate of fifteen twelve percent (1512%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 2 contracts

Samples: Lease Agreement (Genesis Direct Inc), Lease Agreement (Genesis Direct Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby shall be decreased to the maximum legal interest rate permitted by law.

Appears in 2 contracts

Samples: Industrial Real Estate Lease (Gish Biomedical Inc), Trimedyne Inc

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen often percent (1510%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 2 contracts

Samples: Industrial Real Estate Lease (SeaSpine Holdings Corp), Lease (Isotis Sa)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by due from Tenant to Landlord hereunder which is not paid when due shall bear interest at the rate of fifteen ten percent (1510%) per annum annum, or the maximum rate then allowable by law, whichever is lower, from the due date of such amount. Howeveruntil paid, interest shall not be payable on late charges to be 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 ; provided, however, that interest rate specified in shall not be payable on late charges to be paid by Tenant under this Lease is higher than the rate permitted by law, the interest rate is hereby decreased to the maximum legal interest rate permitted by lawLease.

Appears in 2 contracts

Samples: Work Letter Agreement (Convera Corp), Letter Agreement (Convera Corp)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen eight percent (158%) per annum from the due date of such amountamount until paid in full. However, interest shall not be payable on late charges to be 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 Section is higher than the rate permitted by lawApplicable Laws, the interest rate is hereby decreased to the maximum legal interest rate permitted by lawApplicable Laws.

Appears in 2 contracts

Samples: Lease Agreement (Blue Apron Holdings, Inc.), Lease Agreement (Blue Apron Holdings, Inc.)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen eighteen percent (1518%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 2 contracts

Samples: Office Lease (Insys Therapeutics, Inc.), Office Lease (Open Energy Corp)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen ten percent (1510%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be paid by Tenant under this Lease. The payment of interest on such amounts shall not excuse or cure any default by Tenant the payment of late charges under this LeaseSection 4.06. If the interest rate specified in this Lease is higher than the rate permitted by law, the interest rate is hereby decreased to the maximum legal interest rate permitted by law. Any such payment under this section shall be considered additional rent.

Appears in 1 contract

Samples: Assumption and Consent Agreement (Valley Media Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen ten percent (1510%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law. Section 4.08.

Appears in 1 contract

Samples: Service 1st Bancorp

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen twelve (12) percent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be paid by Tenant under this Leaselease. 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Lease Agreement (Hydro Environmental Resources Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by -------------------------------- Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be paid by Tenant under this Lease. The payment of interest Interest on such amounts shall not excuse or cure any default by Tenant under this Lease. If , if the interest rate specified in this Lease is higher than the rate permitted by law, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Doskocil Manufacturing Co Inc

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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 Initials specified in this Lease is higher than the rate permitted by law, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Liquidity Services Inc

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be paid by Tenant under this Lease. The payment of interest 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Newbridge Products Inc

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen Ten percent (1510%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Vista Medical Technologies Inc

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Alibris Inc

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Micro Therapeutics Inc

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent recent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Assignment of Lease (Corporate Property Associates 12 Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed owned by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Iprint Com Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen ten percent (1510%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Document Sciences Corp

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.rate

Appears in 1 contract

Samples: Netcom Systems Inc

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INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen ten percent (1510%) per annum (the "Interest Rate") from the due date of such amount. However, interest shall not be payable on late charges to be paid by Tenant under this Leaseamount until paid. The payment of interest on such amounts shall not excuse or cure any default by Tenant under this Lease. If the interest rate Interest Rate specified in this Lease is higher than the rate permitted by law, then the interest rate is hereby Interest Rate shall be decreased to the maximum legal interest rate then permitted by law.

Appears in 1 contract

Samples: Lease Agreement (Central Coast Bancorp)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen twelve percent (1512%) per annum from the due date of such amount. HoweverInterest shall be calculated, interest shall not be payable due and compounded on late charges to be paid by Tenant under this Leasethe first day of every month after the due date for the amount owed. 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Real Estate Lease

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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 It the interest rate specified in this Lease is higher than the rate permitted by lawlaw , the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Early Possession Agreement (Ashworth Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be paid by Tenant under this Lease. The payment of interest on such amounts amount 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Wade Cook Financial Corp

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen ten percent (1510%) per annum from the due date of such amount. , However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Churchill Capital Corp IV

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be paid by Tenant under this Lease. The payment of interest on such amounts shall not excuse or cure care any default by Tenant under this Lease. If the interest rate specified in this Lease is higher than the rate permitted by law, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Dynamic Health Products Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due after written notice from Landlord that such payment is overdue shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Amazon Com Inc

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amountamount at the lower of (i) ten percent (10°/”) per annum, or (ii) the maximum legal interest rate permitted by law. However, interest shall not be payable on late charges to be paid by Tenant under this Lease. The payment of interest on oil 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Center Lease (Bank Holdings)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest from the due date of such amount at the rate lower of (i) fifteen percent (15%) per annum from or (ii) the due date of such amountmaximum legal interest rate permitted by law. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: California Independent Bancorp

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen eleven percent (1511%) per annum from forty (40) days after the due date of such amount. However, interest shall not be payable on late charges to be paid by Tenant under this Lease. The payment of interest on such amounts shall not excuse or cure any default Default by Tenant under this Lease. If the interest rate specified in this Lease is higher than the rate permitted by law, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Network Engines Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per 8 Initials ______________ annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Industrial Lease Agreement

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per ______________ annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Daystar Technologies Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be paid by Tenant 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Assignment, Assumption and Consent Agreement (FNB Bancorp/Ca/)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to ----------------------------------------- Landlord which is not paid Paid when due shall bear interest at the rate of fifteen twelve ------------------------------------ percent (1512%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Maxwell Laboratories Inc /De/)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be paid by Tenant under this Leaselease. 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Lease Agreement (Regent Communications Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be paid by Tenant under this Lease. The payment of interest on an 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Lease Agreement (Ziasun Technologies Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15i5%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be paid by Tenant under this Lease. The payment of interest on such amounts shall shal 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law.

Appears in 1 contract

Samples: Fun City Popcorn Inc

INTEREST ON PAST-DUE OBLIGATIONS. Any amount owed by Tenant to Landlord which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date of such amount. However, interest shall not be payable on late charges to be 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, the interest rate is hereby decreased to the maximum legal interest rate permitted by law. Section 4.08.

Appears in 1 contract

Samples: Arizona Furniture Co

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