Common use of LANDLORDS COSTS AND INTEREST Clause in Contracts

LANDLORDS COSTS AND INTEREST. The Tenant agrees to pay the costs of any application for consent under this agreement whether or not such licence of consent is actually granted. The Tenant also agrees to meet all reasonable fees and outlays incurred by the Landlord including legal fees in pursuing payment from the Tenant of any arrears of rent or other charges or outlays payable under this agreement or pursuing any other remedial or enforcement action as a result of the breach by the Tenant of his obligations under this Agreement. All payments (including payments of rent in particular but without prejudice to the generality) due to the Landlord under or by virtue of this agreement shall bear interest at the annual rate of eight percent from the respective dates on which they become due until payment.