Interest Penalty for Past-Due Rent and Other Sums Owed. Lessee shall pay interest at the rate of one percent (1%) per month (or at such higher rate as may be authorized by statute after the Commencement Date), until paid, on rent or other sums owing under the terms of this lease, commencing the date such rent or other sum is due and payable. In the event State pays any sum or incurs any expense which Lessee is obligated to satisfy or pay under this lease, or which is made on behalf of Xxxxxx, State shall be entitled to receive reimbursement thereof from Lessee upon demand, together with interest thereon from the date of expenditure at the rate stated above.
Interest Penalty for Past-Due Rent and Other Sums Owed. (a) Tenant shall pay interest on the past due rent at the rate of one percent (1%) per month until paid, in addition to paying the late charges determined under Paragraph 6.2. Rent not paid by the close of business on the due date will begin accruing interest the day after the due date.
Interest Penalty for Past-Due Rent and Other Sums Owed. (1) Lessee shall pay interest at the rate of one percent (1%) per month (or at such higher rate as may be authorized by statute), until paid, on Rent or other sums owing under the terms of this Lease commencing the date such Rent or other sum is due and payable.
Interest Penalty for Past-Due Rent and Other Sums Owed. (1) Lessee shall pay interest at the rate of one percent (1%) per month (or at such higher rate as may be authorized by statute), until paid, on Rent or other sums owing under the terms of this Lease commencing the date such Rent or other sum is due and payable.
