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

INTEREST ON PAST-DUE OBLIGATIONS. Any amount due from Tenant to Landlord hereunder which is not paid when due shall bear interest at the maximum rate then allowable by law 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 to be paid by Tenant under this Lease.

Appears in 2 contracts

Samples: Lease Termination Agreement (Maxim Pharmaceuticals Inc), Work Letter Agreement (Maxim Pharmaceuticals Inc)

AutoNDA by SimpleDocs

INTEREST ON PAST-DUE OBLIGATIONS. Any amount that is due from Tenant to Landlord hereunder which is and not paid when due shall bear interest from the date due at the maximum rate then allowable by law 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 Leaselaw; provided, however, that interest shall not be payable on late charges to be paid 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 due from owed by Tenant to Landlord hereunder which is not paid when due shall bear interest at a rate equal to the maximum rate then allowable under applicable law (the "Default Rate") from date that said payment was originally due. However, said interest shall not be payable on late charges incurred by law or judgment from the date of notice of delinquency from LandlordTenant nor on any amounts upon which late charges are 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; provided, however, that interest shall not be payable on late charges to be paid 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 due from Tenant to Landlord hereunder which is not paid when due shall bear interest at the maximum rate then allowable by law or judgment from the date due. Payment of notice of delinquency from Landlord. The payment of such 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 to be incurred by Tenant nor on any amounts upon which late charges are paid by Tenant under this LeaseTenant.

Appears in 2 contracts

Samples: License Agreement, Substance Abuse Technologies Inc

INTEREST ON PAST-DUE OBLIGATIONS. Any Except as expressly herein provided, any amount due from Tenant to Landlord hereunder which is not paid when due shall bear interest at the maximum rate then allowable permitted by law or judgment from the date due date. Payment of notice of delinquency from Landlord. The payment of such 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 to be paid by Tenant under this Lease.

Appears in 2 contracts

Samples: Industrial Lease, Industrial Lease (Sunpower Corp)

INTEREST ON PAST-DUE OBLIGATIONS. Any Except as expressly herein provided, any amount due from Tenant to Landlord hereunder which is not paid when due shall bear interest at the maximum rate then allowable by law or judgment from the date due. Payment of notice of delinquency from Landlord. The payment of such 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 to be incurred by Tenant nor on any amounts upon which late charges are paid by Tenant under this LeaseTenant.

Appears in 2 contracts

Samples: Startup Lab Lease Agreement, Lease Agreement

INTEREST ON PAST-DUE OBLIGATIONS. Any amount due from not paid by Tenant to Landlord hereunder which is not paid when due shall bear interest from the date due at the maximum rate then than allowable by law or judgment from the date of notice of delinquency from Landlordlaw, except that interest shall not be payable on any late charge. The payment 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 to be paid by Tenant under this LeaseTenant.

Appears in 1 contract

Samples: Building Lease Agreement (Infosonics Corp)

AutoNDA by SimpleDocs

INTEREST ON PAST-DUE OBLIGATIONS. Any amount that is due from Tenant to Landlord hereunder which is and not paid when due shall bear interest from the date due at the maximum rate then allowable by law 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 Leaselaw; provided, however, that interest shall not be payable on late charges to be paid incurred by Xxxxxx. 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 due from Tenant to Landlord hereunder which is not paid when due shall bear interest at the maximum rate then allowable by law or judgment judgments from the date due, Payment of notice of delinquency from Landlord. The payment of such 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 to be incurred by Tenant nor on any amounts upon which late charges are paid by Tenant under this LeaseTenant.

Appears in 1 contract

Samples: Standard Office Lease (Excalibur Technologies Corp)

INTEREST ON PAST-DUE OBLIGATIONS. Any In addition to any late charges payable hereunder, any amount due from Tenant to Landlord hereunder which is not paid when due shall bear interest at the maximum rate then allowable by law or judgment from the date of notice of delinquency from LandlordInterest Rate. The payment of such 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 to be paid by Tenant under this Lease.

Appears in 1 contract

Samples: Access Integrated Technologies Inc

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!