Common use of Late Charge; Interest Clause in Contracts

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.

Appears in 6 contracts

Samples: Aircraft Dry Lease (Williams Companies Inc), Credit Agreement (Williams Companies Inc), Aircraft Dry Lease (Williams Companies Inc)

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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 five percent (25%) of the amount not paid within five (5) days of the date when due plus (b) due, and, in addition, if such Rent (including the late charge) is not paid within ten thirty (1030) days of the date on which such Rent was due, interest thereon at the Overdue Rate from such tenth (10th) day the date when due until such Rent (including the late charge and interest) is paid in full.

Appears in 2 contracts

Samples: Operations Transfer Agreement (Omega Healthcare Investors Inc), Master Lease (Omega Healthcare Investors Inc)

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 (ia) two five percent (25%) of the amount not paid within five (5) days of the date when due plus and (b) any and all charges, expenses, fees or penalties imposed on Lessor by a Facility Mortgagee for late payment, and, in addition, if such Rent (including the late charge) is not paid within ten thirty (1030) days of the date on which such Rent was due, interest thereon at the Overdue Rate from such tenth (10th) day the date when due until such Rent (including the late charge and interest) is paid in full.

Appears in 2 contracts

Samples: Master Lease (Omega Healthcare Investors Inc), Master Lease (Omega Healthcare Investors Inc)

Late Charge; Interest. If any installment of Base Rent, or any Additional Rent payable by Lessee to Lessor hereunder on account of money expended by Lessor, is not paid when dueby the due date, Lessee shall pay Lessor on demand, as an Additional Charge, (a) a late charge equal to (i) two of five percent (25%) of the amount not paid within five (5) days of the date when due plus and unpaid and (b) if such Rent (including the late charge) payment is not paid made within ten thirty (1030) days of the date due, interest thereon at the Overdue Rate from such tenth thirtieth (10th30th) day until the date on which such Rent (including the payment plus such late charge and interest) interest is paid in full.

Appears in 1 contract

Samples: Master Lease (Integrated Health Services Inc)

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Late Charge; Interest. If any Rent payable to Lessor is not paid when duewithin --------------------- five (5) Business Days after the Rent first became due and payable, Lessee shall pay Lessor on demand, as an Additional Charge, (a) a late charge equal to (i) two five percent (25%) of the amount not paid within five (5) days of the date when due plus (b) due, and, in addition, if such Rent (including the late charge) is not paid within ten thirty (1030) days of the date on which such Rent was due, interest thereon at the Overdue Rate from such tenth (10th) day the date when due until such Rent (including the late charge and interest) is paid in full.. 3.4

Appears in 1 contract

Samples: Operations Transfer Agreement (Emeritus Corp\wa\)

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