Common use of Late Charge; Interest Clause in Contracts

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 Tenant fails to make any payment of Rent within five (5) days or such lesser period provided by the Facility Mortgage or with respect to 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) daysDays, such past due payment shall include any Late Fee under the Facility Mortgage and shall bear interest at the Overdue Rate.