Common use of Late Charges and Default Interest Clause in Contracts

Late Charges and Default Interest. If any installment of Rent is not paid within ten (10) business days after its due date, then such arrearage will (i) bear 5% interest from the due date for amounts past due to the Landlord until paid in full; (ii) include a reasonable administrative charge to cover the costs of processing and handling delinquent debts, but not in excess of $100.00; and (iii) include an assessment of an additional 5% penalty charge on any portion of a debt that is more than 90 days past due.

Late Charges and Default Interest. If any installment of Rent is not paid within ten (10) business days after its due date, then such arrearage will shall (i) bear 5% interest from the due date for amounts past due to the Landlord until paid in full; (ii) include a reasonable administrative charge to cover the costs of processing and handling delinquent debts, but not in excess of $100.00; and (iii) include an assessment of an additional 5% penalty charge on any portion of a debt that is more than 90 days past due.

Late Charges and Default Interest. If any installment of Rent is not paid within ten (10) business days after its due date, then such arrearage will shall, consistent with the Debt Collection Act of 1982 (31 U.S.C. § 3717), (i) bear 5% interest from the due date for amounts past due to the Landlord federal government until paid in full; (ii) include a reasonable administrative charge to cover the costs of processing and handling delinquent debts, but not in excess of $100.00; and (iii) include an assessment of an additional 5% penalty charge on any portion of a debt that is more than 90 days past due.

Late Charges and Default Interest. If any installment of Rent is not paid within ten (10) business days after its due date, then such arrearage will (ia) shall bear a late charge equal to five percent (5% %) of the amount due and be payable without demand simultaneously with the rent arrearage, and (b) shall bear interest from the due date for amounts past due at the rate equal to the Landlord then-current Wall Street Journal prime rate plus two (2) basis points until paid in full; (ii) include a reasonable administrative charge to cover the costs of processing and handling delinquent debts, but not in excess of $100.00; and (iii) include an assessment of an additional 5% penalty charge on any portion of a debt that is more than 90 days past due.

Late Charges and Default Interest. If any installment of Rent is not paid within ten (10) business days after its due date, then such arrearage will (ia) shall bear a late charge equal to five percent (5% %) of the amount due and be payable without demand simultaneously with the rent arrearage, and (b shall bear interest from the due date for amounts past due at the rate equal to the Landlord then-current Wall Street Journal prime rate plus two (2) basis points until paid in full; (ii) include a reasonable administrative charge to cover the costs of processing and handling delinquent debts, but not in excess of $100.00; and (iii) include an assessment of an additional 5% penalty charge on any portion of a debt that is more than 90 days past due.