Common use of Late Charge and Interest on Late Payments Clause in Contracts

Late Charge and Interest on Late Payments. Without limiting the provisions of Section 12A, if Tenant fails to pay any installment of Rent or other charge to be paid by Tenant pursuant to this Lease when same becomes due and payable, then Tenant shall pay a late charge equal to two percent (2%) of the amount due if not paid by the due date, or, if not paid within five (5) business days following written notice, then five percent (5%) of the amount due. In addition, interest shall be paid by Tenant to Landlord on any late payments of Rent made after five (5) business days from the date due at the rate provided in Section 2D(2) from the date due until paid. Such late charge and interest shall constitute additional Rent due and payable by Tenant to Landlord upon the date of payment of the delinquent payment referenced above.

Late Charge and Interest on Late Payments. Without limiting the provisions of Section 12A, if Tenant fails to pay any installment or payment of Rent or other charge to be paid by Tenant pursuant to this Lease when within five (5) business days after the same becomes due and payable, then Tenant shall pay a late charge equal to two percent (2%) the greater of the amount due if not paid by the due date, or, if not paid within five (5) business days following written notice, then five percent (5%) of the amount dueof such payment or $250; provided that such late charge shall not accrue in any Lease Year unless Landlord shall have twice notified Tenant of its failure to pay any Rent when due during such Lease Year. In addition, interest shall be paid by Tenant to Landlord on any late payments of Rent made after five (5) business days from the date due at the rate provided in Section 2D(2) from the date due until paidpaid at the rate and on the terms provided in Section 2D(2). Such late charge and interest shall constitute additional Additional Rent due and payable by Tenant to Landlord upon the date of payment of the delinquent payment referenced above.

Late Charge and Interest on Late Payments. Without limiting the provisions of Section 12A, if Tenant fails to pay any installment of Rent or other charge to be paid by Tenant pursuant to this Lease when within five (5) business days after the same becomes due and payable, then Tenant shall pay a late charge equal to two percent (2%) the greater of the amount due if not paid by the due date, or, if not paid within five (5) business days following written notice, then five percent (5%) of the amount dueof such payment or $250, but this late fee will not apply to the first two late payments in any year of the. Lease Term. In addition, interest shall be paid by Tenant to Landlord on any late payments of Rent made after five (5) business days from the date due until paid at the rate provided in Section 2D(2) from the date due until paid). Such late charge and interest shall constitute additional Additional Rent due and payable by Tenant to Landlord upon the date of payment of the delinquent payment referenced above.

Late Charge and Interest on Late Payments. Without limiting the provisions of Section 12A, if Tenant fails to pay any installment of Rent or other charge to be paid by Tenant pursuant to this Lease when within five (5) business days after the same becomes due and payable, then Tenant shall pay a late charge equal to two percent (2%) the greater of the amount due if not paid by the due date, or, if not paid within five (5) business days following written notice, then five percent (5%) of the amount dueof such payment or $250. In addition, interest shall be paid by Tenant to Landlord on any late payments of Rent made after not paid within five (5) business days after the same becomes due and payable from the date due until paid at the rate provided in Section 2D(2) from the date due until paid). Such late charge and interest shall constitute additional Rent due and payable by Tenant to Landlord upon the date of payment of the delinquent payment referenced aboveAdditional Rent.

Late Charge and Interest on Late Payments. Without limiting the provisions of Section 12A, if Tenant fails to pay any installment of Rent or other charge to be paid by Tenant pursuant to this Lease when within five (5) days after the same becomes due and payable, and, in the case of only the first two (2) such late payments in any 12 consecutive months, such failure continues for an additional five (5) days, then Tenant shall pay a late charge equal to the greater of two percent (2%) of the amount due if not paid by the due date, or, if not paid within five (5) business days following written notice, then five percent (5%) of the amount duesuch payment or $250. In addition, interest shall be paid by Tenant to Landlord on any late payments of Rent made after five (5) business days from the date due until paid at the rate provided in Section 2D(2) from the date due until paid). Such late charge and interest shall constitute additional Additional Rent due and payable by Tenant to Landlord upon the date of payment of the delinquent payment referenced above.