Common use of INTEREST ON TENANT'S OBLIGATIONS Clause in Contracts

INTEREST ON TENANT'S OBLIGATIONS. Any amount due from Tenant to Landlord which is not paid when due shall bear interest at the lesser of ten percent (10%) per annum or the maximum rate allowed by law from the date such payment is due until paid, but the payment of such interest shall not excuse or cure the default in payment.

Appears in 4 contracts

Samples: Lease Agreement (Skullcandy, Inc.), Lease Agreement (Q Comm International Inc), Lease Agreement (Overstock Com Inc)

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INTEREST ON TENANT'S OBLIGATIONS. Any amount due from Tenant to Landlord which is not paid when due shall bear interest at the lesser of ten percent (10%) per annum or the maximum rate allowed by law from the date such payment is due until paid, but the payment of such interest shall not excuse or cure the default in payment.

Appears in 4 contracts

Samples: Lease Agreement (TRX Inc/Ga), Lease Agreement (Humitech International Group Inc), Lease Agreement (Petes Brewing Co)

INTEREST ON TENANT'S OBLIGATIONS. Any Except as otherwise expressly provided herein, any amount due from Tenant to Landlord (other than interest) which is not paid when due shall bear annual interest at the lesser of ten twelve percent (1012%) per annum or ), but not to exceed the maximum highest rate allowed by law law, from the date such payment is due until paid, but the payment of such interest shall not excuse or cure the default in paymentdefault.

Appears in 1 contract

Samples: Office Lease Agreement (MiddleBrook Pharmaceuticals, Inc.)

INTEREST ON TENANT'S OBLIGATIONS. Any amount due from Tenant to Landlord which is not paid when due shall bear interest at the lesser rate of ten twelve percent (1012%) per annum or until paid (to the maximum rate allowed extent enforceable by law from the date such payment is due until paidlaw), but the payment of such interest shall not excuse or cure the default in paymentdefault.

Appears in 1 contract

Samples: Lease Modification (Advance Power Technology Inc)

INTEREST ON TENANT'S OBLIGATIONS. Any amount due from Tenant to Landlord which is not paid when due shall bear interest at the lesser ratio of ten twelve percent (1012%) per annum or the maximum rate allowed by law from the date such payment is due year until paid, but the payment of such interest shall not excuse or cure the default in paymentdefault.

Appears in 1 contract

Samples: Lease Agreement (Avesis Inc)

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INTEREST ON TENANT'S OBLIGATIONS. Any amount due from Tenant to Landlord which is not paid when due shall bear interest at the lesser rate of ten twelve percent (1012%) per annum or the maximum rate allowed by law from the date such payment is due year until paid, but the payment of such interest shall not excuse or cure the default in paymentdefault.

Appears in 1 contract

Samples: Office Lease (International Integration Inc)

INTEREST ON TENANT'S OBLIGATIONS. Any amount due from Tenant to Landlord (other than interest) which is not paid when due due, shall bear interest at the lesser of ten percent (10%) per annum or the maximum highest rate allowed by law from the date such payment is due until paid, but the payment of such interest shall not excuse or cure the default in paymentdefault.

Appears in 1 contract

Samples: Office Lease Agreement (Hallmark Financial Services Inc)

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