Common use of Late Charges, Interest, and Returned Checks Clause in Contracts

Late Charges, Interest, and Returned Checks. Tenant shall pay, as additional Rent, a service charge of Three Hundred Dollars ($300.00) or five percent (5%) of the delinquent amount, whichever is greater, if any portion of Rent is not received when due. In addition, any Rent not paid when due shall accrue interest from the due date at the Default Rate until payment is received by Landlord. Such service charges and interest payments shall not be deemed consent by Landlord to late payments, nor a waiver of Landlord’s right to insist upon timely payments at any time, nor a waiver of any remedies to which Landlord is entitled as a result of the late payment of Rent. If Landlord receives two (2) or more checks from Tenant which are returned by Tenant’s bank for insufficient funds, Landlord may require that all checks thereafter be bank certified or cashier’s checks (without limiting Landlord’s other remedies). All bank service charges resulting from any returned checks shall be borne by Tenant.

Appears in 2 contracts

Samples: Lease (New Relic Inc), Office Lease (New Relic Inc)

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Late Charges, Interest, and Returned Checks. Tenant shall pay, as additional Rent, a service charge of Three Hundred Dollars ($300.00) or five four percent (54%) of the delinquent amount, whichever is greater, if any portion of Rent is not received when due. In addition, any Rent not paid when due shall accrue interest from the due date at the Default Rate until payment is received by Landlord. Such service charges and interest payments shall not be deemed consent by Landlord to late payments, nor a waiver of Landlord’s 's right to insist upon timely payments at any time, nor a waiver of any remedies to which Landlord is entitled as a result of the late payment of Rent. If Landlord receives two (2) or more checks from Tenant which are returned by Tenant’s 's bank for insufficient funds, Landlord may require that all checks thereafter be bank certified or cashier’s 's checks (without limiting Landlord’s 's other remedies). All bank service charges resulting from any returned checks shall be borne by Tenant.

Appears in 2 contracts

Samples: Cutter & Buck Inc, Office Lease (Purchasesoft Inc)

Late Charges, Interest, and Returned Checks. Tenant shall pay, as additional Rent, a service charge of Three Hundred Dollars ($300.00) or five four percent (54%) of the delinquent amount, whichever is greater, if any portion of Rent is not received when due. In addition, any Rent not paid when due shall accrue interest from the due date at the Default Rate until payment is received by Landlord. Such service charges and interest payments shall not be deemed consent by Landlord to late payments, nor a waiver of Landlord’s right to insist upon timely payments at any time, nor a waiver of any remedies to which Landlord is entitled as a result of the late payment of Rent. If Landlord receives two (2) or more checks from Tenant which are returned by Tenant’s bank for insufficient funds, Landlord may require that all checks thereafter be bank certified or cashier’s checks (without limiting Landlord’s other remedies). All bank service charges resulting from any returned checks shall be borne by Tenant.

Appears in 1 contract

Samples: Office Lease (Pixelworks Inc)

Late Charges, Interest, and Returned Checks. Tenant shall pay, . as additional Rent, . a service charge of Three Hundred Dollars ($300.00) or five percent (5%) of or the delinquent amount, whichever is greater, . if any portion of Rent is not received when due. In addition, . any Rent not paid when due shall accrue interest from horn the due date at the Default Rate until payment is received by Landlord. Such service charges and interest payments shall not be deemed consent by Landlord to late payments, . nor a waiver of Landlord’s 's right to insist upon timely payments at any time, . nor a waiver of or any remedies to which Landlord is entitled as a result of the late payment of Rent. If Landlord receives two (2) or more checks from Tenant which are arc returned by Tenant’s 's bank for or insufficient funds, Landlord may require that all checks thereafter be the bank certified or cashier’s 's checks (without limiting Landlord’s 's other remedies). All bank service charges resulting from any returned checks shall be borne by Tenant.

Appears in 1 contract

Samples: Office Lease (Enviro Fuels Manufacturing, Inc.)

Late Charges, Interest, and Returned Checks. Tenant Subtenant shall pay, as additional Rent, a service charge of Three Two Hundred Dollars ($300.00200.00) or five two percent (52%) of the delinquent amount, whichever is greater, if any portion of Rent is not received when due. In addition, any Rent not paid when due shall accrue interest from the due date at the Default Rate until payment is received by Landlord. Such service charges and interest payments shall not be deemed consent by Landlord to late payments, nor a waiver of Landlord’s 's right to insist upon timely payments at any time, nor a waiver of any remedies to which Landlord is entitled as a result of the late payment of Rent. If Landlord receives two (2) or more checks from Tenant Subtenant which are returned by Tenant’s Subtenant's bank for insufficient funds, Landlord may require that all checks thereafter be bank certified or cashier’s 's checks (without limiting Landlord’s 's other remedies). All bank service charges resulting from any returned checks shall be borne by TenantSubtenant.

Appears in 1 contract

Samples: Office Sublease (Baker Michael Corp)

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Late Charges, Interest, and Returned Checks. Tenant shall pay, as additional Additional Rent, a service charge of Three Hundred Dollars ($300.00) or five four percent (54%) of the delinquent amount, whichever is greater, if any portion of Rent is not received when due. In addition, any Rent not paid when due shall accrue interest from the due date at the Default Rate until payment is received by Landlord. Such service charges and interest payments shall not be deemed consent by Landlord to late payments, nor a waiver of Landlord’s 's right to insist upon timely payments at any time, nor a waiver of any remedies to which Landlord is entitled as a result of the late payment of Rent. If Landlord receives two (2) or more checks from Tenant which are returned by Tenant’s 's bank for insufficient funds, Landlord may require that all checks thereafter be bank certified or cashier’s 's checks (without limiting Landlord’s 's other remedies). All bank service charges resulting from any returned checks shall be borne by Tenant.

Appears in 1 contract

Samples: Lease Agreement (Epocrates Inc)

Late Charges, Interest, and Returned Checks. Tenant shall pay, as additional Rent, a service charge of Three Two Hundred Fifty Dollars ($300.00250.00) or five percent (5%) of the delinquent amount, whichever is greater, if any portion of Rent is not received when due. In addition, any Rent not paid when due shall accrue interest from the due date at the Default Rate until payment is received by Landlord. Such service charges and interest payments shall not be deemed consent by Landlord to late payments, nor a waiver of Landlord’s right to insist upon timely payments at any time, nor a waiver of any remedies to which Landlord is entitled as a result of the late payment of Rent. If Landlord receives two (2) or more checks from Tenant which are returned by Tenant’s bank for insufficient funds, Landlord may require that all checks thereafter be bank certified or cashier’s checks (without limiting Landlord’s other remedies). All bank service charges resulting from any returned checks shall be borne by Tenant.

Appears in 1 contract

Samples: Office Lease (Intercontinentalexchange Inc)

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