Late Charge; Interest on Late Payments. To compensate us for the increased administrative expense of handling late payments, we have the right to charge a $100 late charge for each delinquent payment, due upon making the delinquent payment. All continuing fees, amounts due for purchases by you from us or our Affiliates and other amounts which you owe to us or our Affiliates will bear interest from their due date until paid at a rate equal to the lesser of the highest applicable legal rate for open account business credit, or 1.5% per month, payable when the corresponding delinquent payment is made. You agree that this Section does not constitute our or our Affiliates' agreement to accept payments after they are due or a commitment by us or our Affiliates to extend credit to you or otherwise to finance the operation of your Store.
Late Charge; Interest on Late Payments. All amounts payable under this Lease by Tenant to Landlord or Landlord to Tenant, if not paid when due, will bear interest from the due date until paid at the lesser of the highest interest rate permitted by law or 5% in excess of the then-current Prime Rate. In addition to any interest owed, Tenant shall also pay a late charge of fifty ($50.00) dollars for processing late payments. Notwithstanding any provisions to the contrary in this Section 4.4, Landlord shall not charge Tenant a late fee or interest under this Section 4.4 with respect to the first two (2) late payments of monthly installments of Rent to be paid by Tenant under this Lease during any twelve (12) month period during the Lease Term, as it may be extended, but during the remainder of that twelve (12) month period, Landlord maintains its right to assess a late fee in accordance with the terms and provisions of this Section 4.4 with respect to any subsequent late payments of Rent to be paid by Tenant under this Lease. In addition to the foregoing, the Landlord may assess a late fee in accordance with the terms and provisions of this Section 4.4 with respect to any subsequent late payments of Rent in the event Landlord has previously given Tenant ten (10) notices that Tenant is late with respect to such payment obligations during the Term of the Lease.
Late Charge; Interest on Late Payments. All amounts payable under this Lease by Tenant to Landlord, if not paid when due, will bear interest from the due date until paid at the lesser of the highest interest rate permitted by law or 5% in excess of the then-current Prime Rate.
Late Charge; Interest on Late Payments. Each and every payment of Rent hereunder then due and payable under this Lease, which shall not be paid within five (5) business days of the date that Tenant receives written notice thereof from Landlord specifying such non-payment, shall carry a late charge in the amount of One Thousand Dollars ($1,000.00), which late charge and delinquent installment of payment shall bear interest at the rate, from time to time, of the UMB, N.A. prime rate of interest plus four percent (4%), per annum from the tenth (10th) day following the date the payment of Rent was due under the terms of this Lease until the same shall be paid.
