Interest on Past Due Rent. If Tenant shall fail to pay, when the same is due and payable, Base Rent, or Additional Rent, such unpaid amounts shall bear interest from the due date thereof to the date of payment, at the lower of (i) the prime interest rate of the JPMorgan Chase Bank as of such due date, plus ten percent (10%); or (ii) the maximum amount permitted to be charged under Massachusetts law (“Default Rate”).
Appears in 2 contracts
Samples: Lease (Radiation Therapy Services Holdings, Inc.), Lease (Radiation Therapy Services Holdings, Inc.)
Interest on Past Due Rent. If Tenant shall fail to pay, when the same is due and payable, Base Minimum Rent, or Additional Rent, such unpaid amounts shall bear interest from the due date thereof to the date of payment, at the lower of (i) the prime interest rate of the JPMorgan Chase Bank as of such due date, plus ten fifteen percent (1015%); or (ii) the maximum amount permitted to be charged under Massachusetts law (“Default RateDate”).
Appears in 2 contracts
Samples: Lease (Radiation Therapy Services Holdings, Inc.), Lease (Radiation Therapy Services Inc)
