Late Charge; Interest. Tenant acknowledges that the late payment of Base Rent or any other amounts payable by Tenant to Landlord hereunder (all of which shall constitute additional rental to the same extent as Base Rent) will cause Landlord to incur administrative costs and other damages, the exact amount of which would be impracticable or extremely difficult to ascertain. Landlord and Tenant agree that if Landlord does not receive any such payment on or before five (5) days after the date the payment is due, Tenant shall pay to Landlord, as additional rent, (a) a late charge equal to five percent (5%) of the overdue amount to cover such additional administrative costs; and (b) interest on the delinquent amounts at the lesser of the maximum rate permitted by law if any or twelve percent (12%) per annum from the date due to the date paid.
Late Charge; Interest. If Tenant fails to make any payment of Rent on or before the date such payment is due and payable and such amount remains unpaid for a period of five (5) days, such past due payment shall bear interest at the Overdue Rate.
Late Charge; Interest. If any Rent payable to Lessor is not paid when due, Lessee shall pay Lessor on demand, as an Additional Charge, (a) a late charge equal to (i) two percent (2%) of the amount not paid within five (5) days of the date when due plus (b) if such Rent (including the late charge) is not paid within ten (10) days of the date due, interest thereon at the Overdue Rate from such tenth (10th) day until such Rent (including the late charge and interest) is paid in full.
Late Charge; Interest. 16 (f) Payment without Abatement ................................................................... 16 (g) **[Ground Lease Payments .................................................................... 16 6.
Late Charge; Interest. If any Rent payable to Lessor is not paid when due, Lessee shall pay Lessor on demand, as an Additional Charge, (a) a late charge equal to the greater of (i) two percent (2%) of the amount not paid within five (5) days of the date when due and (ii) any and all charges, expenses, fees or penalties imposed on Lessor by a Facility Mortgagee for late payment, plus (b) if such Rent (including the late charge) is not paid within ten (10) days of the date due, interest thereon at the Overdue Rate from such tenth (10th) day until such Rent (including the late charge and interest) is paid in full.
Late Charge; Interest. If Subtenant fails to pay any Rent within five (5) days of the date when due, Subtenant shall pay a late charge and interest thereon in accordance with the terms of Section 3.2 of the Master Lease, which is incorporated herein by this reference. No endorsement or statement on a check or letter accompanying a check or payment shall be considered an accord and satisfaction of past due Rent. Subtenant’s covenant to pay Rent is independent of every other covenant in this Sublease.
Late Charge; Interest. If Tenant fails to make any payment of --------------------- Rent or any other sums or amounts to be paid by Tenant hereunder on or before the date such payment is due and payable and such amount remains unpaid for a period of five (5) days thereafter, or such longer time as required by the law of the State in which the Premises are located, Tenant shall pay to Landlord an administrative late charge of five percent (5%) of the amount of such payment or such lesser amount then allowable under the laws of the State in which the Premises are located. In addition, if such amount remains past due for more than thirty (30) days following its due date, such past due payment shall bear interest at the lesser of twelve percent (12%) or the maximum interest rate then allowable under the laws of the State in which the Premises are located from the date such payment became due to the date of payment thereof by Tenant. Such late charge and interest shall constitute additional rent and shall be due and payable with the next installment of Rent due hereunder.
Late Charge; Interest. If any installment of Base Rent, or any Additional Charges payable by Tenant to Landlord hereunder is not paid within five (5) Business Days of the due date, Tenant shall pay Landlord on demand, as an Additional Charge, (a) a late charge of five percent (5%) of the amount due and unpaid and (b) if such payment is not made within thirty (30) days of the date due, interest thereon at the Overdue Rate from such thirtieth (30th) day until the date on which such payment plus such late charge and interest is paid in full.
Late Charge; Interest. Tenant acknowledges that late payment by Tenant to Landlord of Base Rent will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, without limitation, processing and accounting charges. Accordingly, Tenant shall pay to Landlord, as Additional Rent without the necessity of prior notice or demand, a late charge equal to five percent (5%) of any installment of Base Rent which is not received by Landlord by 4 p.m. on the seventh (7th) calendar day after such payment of Base Rent is due regardless of whether such seventh (7th) day falls on a holiday or weekend. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. In no event shall this provision for a late charge be deemed to grant to Tenant a grace period or extension of time within which to pay any installment of Base Rent or prevent Landlord from exercising any right or remedy available to Landlord upon Tenant’s failure to pay such installment of Base Rent when due, including without limitation, the right to terminate this Lease. If any installment of Base Rent is not received by Landlord by the thirtieth day after its due date, such installment shall bear interest at an annual rate equal to the greater of (i) ten percent (10%), or (ii) five percent (5%) plus the rate established by the Federal Reserve Bank of San Francisco, as of the twenty-fifth (25th) day of the month immediately preceding the due date, on advances to member banks under sections 13 and section 13a of the Federal Reserve Act, as now in effect or hereafter from time to time amended (the “Stipulated Rate”), commencing on the thirty-first (31st) day after the due date for such installment, and continuing until such installment is paid in full. Interest accruing on Base Rent shall be in addition to any late charge which may be imposed pursuant to this Section. If Tenant fails to pay Additional Rent (including any late charge payable pursuant to this Section) due from Tenant to Landlord on or before the due date, in addition to any other remedy provided by this Lease, Tenant shall pay Landlord the delinquent sum plus interest on the total delinquent sum at the Stipulated Rate. Said interest shall accrue from the due date of the delinquent payment to the date the delinquent payment is received by Landlord.
Late Charge; Interest. If Tenant fails to pay any Rent or Additional Charge due hereunder within ten (10) days after the due date, a late charge equal to twenty five dollars ($25.00) plus one percent (1%) of the unpaid balance shall both be assessed and be immediately due and payable. In addition, interest shall accrue at the rate of one percent (1%) per month on any Rent or Additional Charge that is not paid when due. If Tenant defaults in making any payment of Rent or Additional Charges, Landlord shall have the right to require that subsequent Rent or Additional Charges payments be made by cashiers or certified check.
