Common use of INTEREST ON RENT Clause in Contracts

INTEREST ON RENT. Any installment of rent which shall not be paid when due shall bear interest at the rate of eight (8%) per cent per annum from due date when such payment should have been paid.

Appears in 3 contracts

Samples: Lease Agreement (Tropicana Entertainment Inc.), Lease Agreement (Manchester Mall Inc), Lease Agreement (Manchester Mall Inc)

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INTEREST ON RENT. Any installment of rent which shall not be paid when due shall bear interest at the rate of eight (8%) per cent per annum from due date data when such payment should have been paid.

Appears in 1 contract

Samples: Lease Agreement (Manchester Mall Inc)

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