Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, if any installment of Base Rent or Operating Costs Payments is not received by Landlord or Landlord’s designee within five (5) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s default with respect to such overdue amount nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 5 contracts
Samples: Building Lease (Five9, Inc.), Building Lease (Five9, Inc.), Building Lease (Five9, Inc.)
Late Charges. Tenant hereby acknowledges that late payment by Tenant ------------ to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5) 10 days of the date after such amount shall be due, or if then, without any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be duerequirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to ten percent (10%) 5% of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s default 's Default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 4 contracts
Samples: Lease (Kyphon Inc), Lease (Adaptive Broadband Corp), Lease (Sonicwall Inc)
Late Charges. Tenant hereby acknowledges that the late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Leased Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of after the date such amount shall be due, or if any installment of other Rent same is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten six percent (106%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 4 contracts
Samples: Industrial Building Lease (Motors & Gears Inc), Industrial Building Lease (Motors & Gears Inc), Industrial Building Lease (Motors & Gears Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but out are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is of a sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such after written notice that said amount shall be is past due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by the Landlord shall shall, in no event event, constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 3 contracts
Samples: Lease Agreement (MKS Instruments Inc), Lease Agreement (MKS Instruments Inc), Lease Agreement (MKS Instruments Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is of a sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such after said amount shall be is past due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge equal to ten percent five (105%) percent of such overdue amount. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 3 contracts
Samples: Office Building Lease (Fair Isaac & Company Inc), Office Building Lease (Fair Isaac & Company Inc), Office Building Lease (Fair Isaac & Company Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 3 contracts
Samples: Industrial Lease (Catalytica Energy Systems Inc), Lease Agreement (New Directions Manufacturing Inc), Multi Tenancy Industrial Lease (Pegasus Solutions Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent or Operating Costs Payments is of a sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) days of the date such after said amount shall be is due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a one-time late charge equal to ten five percent (105%) of such overdue amount. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by Landlord shall in no event constitute a waiver of Tenant’s default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 3 contracts
Samples: Lease (Brickell Biotech, Inc.), Lease (Signal Genetics, Inc.), Lease Agreement (Monotype Imaging Holdings Inc.)
Late Charges. Tenant hereby acknowledges that late Late payment by Tenant to Landlord of Rent rent and other Sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting chargescharges and Late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent or Operating Costs Payments is not received by Landlord or Landlord’s designee within five (5) days of the date such amount shall be duerent, or if any installment of other Rent is sum due from Tenant, shall not be received by Landlord or Landlord’s designee on or before the date within 10 days after such amount shall be due, Tenant shall pay to Landlord Landlord, in addition to the interest provided in Section 1.10, a late charge equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late Late charge by Landlord shall in no event way constitute a waiver of Tenant’s 's default with respect to such overdue amount nor prevent Landlord from exercising any other right or remedy of the other rights and remedies granted hereunderLandlord resulting from such late payment.
Appears in 2 contracts
Samples: Lease Agreement (Homelife Inc), Lease Agreement (Homelife Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent due will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such The costs include, but are not limited to, processing and accounting charges, and late charge which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Leased Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is of a sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five fifteen (515) days of after the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten five percent (105%) multiplied by the amount of such overdue amountpast due rent. The parties hereby agree that such the late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by the Landlord shall in no event constitute a waiver wavier of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunderunder of this Lease or by operation of law, including Landlord's right to collect interest on past due sums.
Appears in 2 contracts
Samples: Lease Agreement (MKS Instruments Inc), Lease Agreement (MKS Instruments Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is of a sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such after said amount shall be is past due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge equal to ten percent (10%) per cent of such overdue amount. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 2 contracts
Samples: Office Building Lease (Fair Isaac & Company Inc), Office Building Lease (Fair Isaac & Company Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is of a sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such after said amount shall be is past due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge equal to ten percent (10%) percent of such overdue amount. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 2 contracts
Samples: Office Building Lease (Fair Isaac & Company Inc), Office Building Lease (Fair Isaac & Company Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is of a sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5) business days of the date such after said amount shall be is due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge equal to ten five percent (105%) of such overdue amount. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by the Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 2 contracts
Samples: Lease Agreement (Vstream Inc /Co), Lease (Vstream Inc /Co)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is of a sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such after written notice that said amount shall be is past due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge equal to ten percent (10%) per cent of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by the Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 2 contracts
Samples: Sublease (Quokka Sports Inc), Sublease (Quokka Sports Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting chargescharges and late charges which may be imposed upon Landlord by terms of any trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is of an amount due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5) days of after the date such that said amount shall be is due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by the Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 2 contracts
Samples: Office Lease Agreement (RVision, Inc.), Lease Agreement (RVision, Inc.)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, to processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such after written notice that said amount shall be is past due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge equal to ten percent (10%) percent of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs cost Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 2 contracts
Samples: Industrial Lease (Esterline Technologies Corp), Industrial Lease (Esterline Technologies Corp)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such after written notice that said amount shall be is past due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge equal to ten percent (10%) percent of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs cost Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 2 contracts
Samples: Industrial Lease (Cerprobe Corp), Industrial Lease (Rockford Corp)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated contemplated, by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount nor not prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 2 contracts
Samples: Standard Commercial Industrial Lease (Imarx Therapeutics Inc), Standard Commercial Industrial Lease (Imarx Therapeutics Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if in any installment of Base Rent rent or Operating Costs Payments is of a sum due from Tenant shall not be received by Landlord or Landlord’s designee within five ten (510) days of the date such after written notice that said amount shall be is past due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge equal to ten percent (10%) percent of such overdue amount. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge charges by the Landlord shall in no event constitute a waiver of Tenant’s default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 2 contracts
Samples: Office Building Lease (Castle Biosciences Inc), Office Building Lease (Castle Biosciences Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is of a sum due from Tenant shall not be received by Landlord or Landlord’s designee within five ten (510) days of the date such after written notice that said amount shall be is past due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge equal to ten percent (10%) percent of such overdue amount. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by the Landlord shall in no event constitute a waiver of Tenant’s default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 2 contracts
Samples: Office Building Lease (Cross Country Healthcare Inc), Office Building Lease (Cross Country Healthcare Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or deed of trust covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 2 contracts
Samples: Sublease Agreement (Zapme Corp), Sublease Agreement (Zapme Corp)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent Base Rent, operational expenses or other monies that come due from time to time will cause Landlord to incur costs not contemplated by this Lease, the lease. The exact amount of which said costs will be extremely difficult to ascertain. Such costs include, but are not limited to, would include processing and accounting charges, late charges which may be imposed on Landlord by the terms of any mortgage or ground lease covering this Project. Accordingly, if any installment of Base Rent, Additional Rent or Operating Costs Payments is operating expenses due from Tenant shall not be received by Landlord or Landlord’s his designee within five ten (510) days of the date after such amount shall be due, then without further notice or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, demand Tenant shall pay to Landlord a late charge equal to ten percent of Ten Percent (10%) of such overdue amount. The Both parties hereby agree that such late charge represents a fair and reasonable estimate of the costs that Landlord will incur by reason of the late payment by Tenant. Acceptance of such a late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunderhe may have under this Lease.
Appears in 2 contracts
Samples: Lease Agreement (GTC Telecom Corp), Lease (GTC Telecom Corp)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) fifteen 15 days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten eight percent (108%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is of a sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such after written notice that said amount shall be is past due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge equal to ten percent (10%) per cent of such overdue amount. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by the Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Samples: Office Building Lease (First Commercial Bancorp Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten five percent (105%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Samples: Industrial Lease (Action Performance Companies Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent or Operating Costs Payments is any other sum due from Tenant shall not be timely received by Landlord or Landlord’s designee within five (5) days of the date such amount shall be duedesignee, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge which shall be additional Rent hereunder equal to ten percent (10%) of such overdue amount. The All parties hereby agree that such late charge represents a fair and reasonable estimate of the costs cost Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Late Charges. (a) Tenant hereby acknowledges that late payment payments by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be impracticable or extremely difficult to ascertain. .
(b) Such costs include, but are not limited to, : (1) processing and accounting charges. Accordingly, if and (2) late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises.
(c) If any installment of Base Rent rent or Operating Costs Payments any sum in addition to rent due from Tenant is not received by Landlord or Landlord’s designee within five ten (510) days of after the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, Tenant shall pay to Landlord a late charge equal to of ten percent (10%) percent of such overdue amounttotal monthly rent plus costs. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance .
(d) All sums of such late charge money payable by Tenant to Landlord hereunder shall be deemed rent for use of the Premises and collectable by Landlord from Tenant as rent, and shall in no event constitute a waiver of Tenant’s default with respect be due form Tenant to such overdue amount nor prevent Landlord from exercising any of on the other rights and remedies granted hereunderLease due date following the month when the late payment occurred.
Appears in 1 contract
Samples: Standard Commercial Lease (American Oilfield Divers Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is of a sum due from Tenant shall not be received by Landlord or Landlord’s designee within five ten (510) days of the date such after written notice that said amount shall be is past due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge equal to ten percent (10%) per cent of such overdue amount. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by the Landlord shall in no event constitute a waiver of Tenant’s default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, if any installment of Base Rent or Operating Costs Payments is not received by Landlord or Landlord’s 's designee within five (5) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s 's designee on or before the date such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten five percent (105%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. Notwithstanding the foregoing, Tenant is hereby granted two (2) grace periods which shall not exceed fifteen (15) days each during each calendar year of this Lease.
Appears in 1 contract
Samples: Sublease (Nextcard Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Base Rent and other amounts due under this Lease will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any loan secured by the Building. Accordingly, if any installment of Base Rent or Operating Costs Payments is any other sums due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) days of on the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s event of default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunderunder this Lease.
Appears in 1 contract
Samples: Industrial Gross Lease (Celera CORP)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting chargescharges and late charges which may be imposed on Landlord by the terms of any mortgage or deed of trust covering the premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten five percent (105%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Leaselease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (510) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) percent of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment payments by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the Landlord’s other rights and remedies granted hereunderremedies.
Appears in 1 contract
Samples: Lease (Wilshire Bancorp Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent or rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertainascertain . Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage cr trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such amount shall be after due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge equal to ten percent (10%) percent of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs cost Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms oPound Sterling any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of oPound Sterling such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge laxx xxxrge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due form Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Samples: Sublease Agreement (Amazon Com Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, if any installment of Base Rent or Operating Costs operating costs Payments is not received by Landlord or Landlord’s 's designee within five (5) days of the date after notice that such amount shall be is past due, or if any installment of other Rent is not received by Landlord or Landlord’s 's designee on or before the date such amount shall be duedues, Tenant shall pay to Landlord a late charge equal to ten seven percent (107%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. Notwithstanding the foregoing, Tenant shall be allowed two (2) grace periods per annum.
Appears in 1 contract
Samples: Sublease Agreement (Finet Com Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting chargescharges and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten the greater of eight percent (108%) of such overdue amountamount or $200.00. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs and charges Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Late Charges. Tenant hereby hereto acknowledges that late payment by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is of a sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five then (510) days of the date such after said amount shall be is due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Samples: Office Building Lease (Ambassadors International Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is of a sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) days of the date such amount shall be dueafter due date, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, Tenant shall pay to Landlord a late charge equal to of ten percent (10%) of such overdue amountthe total amount due will be assessed. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by the Landlord shall in no event constitute a waiver of Tenant’s default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Samples: Commercial Lease (Silicom Ltd.)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date after such amount shall be duedue (or after written notice and expiration of the 10-day cure period, or if as applicable), then, without any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be duerequirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to ten percent (10%) 3 % of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s default with respect to such overdue amount nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.of
Appears in 1 contract
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten three percent (103%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is of a sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five with ten (510) days of the date such after written notice that said amount shall be is past due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge equal to ten percent six (106%) per cent of such overdue amount. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by the Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Samples: Office Building Lease (Diagnostic Retrieval Systems Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not nor contemplated by this Lease, the . The exact amount of which will be extremely difficult to ascertain. Such , such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is of a sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5ten(10) days of the date such after written notice that said amount shall be is past due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge equal to ten percent (10%) percent of such overdue amount. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by the Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Samples: Office Building Lease (Anchor Pacific Underwriters Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, to processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten five percent (105 %) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Samples: Industrial Lease Agreement (Titan Motorcycle Co of America Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by TenantXxxxxx. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s default with respect to such overdue amount nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs cost not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment installments of Base Rent rent or Operating Costs Payments is a sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) days of after notice to Tenant that the date such said amount shall be is past due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge equal to ten percent five (105%) percent of such overdue amount. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by the Landlord shall in no event constitute a waiver of Tenant’s default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, include but are not limited to, to processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, if any installment of Base Rent or Operating Costs Payments is not received by Landlord or Landlord’s designee within five (5) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by TenantTxxxxx. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s default with respect to such overdue amount nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
Appears in 1 contract
Samples: Building Lease (Neonode, Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, to processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or deed of trust covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) % of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
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Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. ascertain Such costs include, but are not limited to, processing and accounting charges. , and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises, Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s designee 's dasignee within five live (5) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date alter such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of such overdue amount. amount The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Tenant Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
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Samples: Standard Commercial Industrial Lease (Imarx Therapeutics Inc)
Late Charges. Tenant hereby acknowledges that the late payment by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is of a sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5) days by the 10th day of the date such amount shall be calendar month in which it is due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge equal to ten percent (10eighteen percent(18%) of such overdue amount. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by the Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
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Samples: Lease Agreement (Pawnbroker Com Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments of any other sum due from Tenant is not received by Landlord or Landlord’s designee within five ten (510) days of the date such when said amount shall be is due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date then such amount late payment shall be due, incur a late charge and Tenant shall pay to Landlord a late charge an amount equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Tenant Acceptance of such late charge charges by the Landlord shall in no event constitute a waiver of Tenant’s default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
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Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is of a sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5ten ( 10) days of the date such clays after written notice that said amount shall be is past due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge equal to ten percent per cent (10%) of such overdue amount. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of late the fate payment by Tenant. Acceptance of such late charge charges by the Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
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Samples: Lease Agreement (Sionix Corp)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) the prime rate of the Bank of America + 3% of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
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Samples: Net Lease (WMS Industries Inc /De/)
Late Charges. Tenant hereby acknowledges that late payment by ------------ Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment or rent or of Base Rent or Operating Costs Payments is a sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of after the date such amount shall be is past due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge equal to ten five percent (105%) of such overdue amount. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by the Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
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Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten five percent (105%) of such overdue amount. 20 The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
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Samples: Industrial Lease (Action Performance Companies Inc)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten five percent (105%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
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Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, to processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
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Samples: Lease (Iasis Healthcare Corp)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, if any installment of Base Rent or Operating Costs Payments is not received by Landlord or Landlord’s designee within five (5) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by TenantXxxxxx. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s default with respect to such overdue amount nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
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Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is of sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days of the date such after written notice that said amount shall be is past due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, then Tenant shall pay to Landlord a late charge equal to ten percent (10%) per cent of such overdue amount. The parties hereby agree that such late charge represents charged represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by the Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.. (xi)
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Samples: Lease Addendum (Coast Bancorp)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent Base Rent, operational expenses or other monies that come due from time to time will cause Landlord to incur costs not contemplated by this Lease, the lease. The exact amount of which said costs will be extremely difficult to ascertain. Such costs include, but are not limited to, would include processing and accounting charges, late charges which may be imposed on Landlords by the terms of any mortgage or ground lease covering this Project. Accordingly, if any installment of Base Rent, Additional Rent or Operating Costs Payments is operating expenses due from Tenant shall not be received by Landlord or Landlord’s his designee within five ten (510) days of the date after such amount shall be due, then without further notice or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be due, demand Tenant shall pay to Landlord a late charge equal to ten percent of Ten Percent (10%) of such overdue amount. The Both parties hereby agree that such late charge represents a fair and reasonable estimate of the costs that Landlord will incur by reason of the late payment by Tenant. Acceptance of such a late charge by Landlord shall in no event constitute a waiver of Tenant’s 's default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunderhe may have under this Lease.
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Samples: Lease (Genesis Media Group Inc /De/)
Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting chargescharges and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of such overdue amount, which shall be Additional Rent; provided, however, Landlord shall waive such late charge with respect to the first late payment in any consecutive 12 month period provided that Tenant pays the delinquent amount within 5 days after receipt of written notice from Landlord that the amount is past due. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s default with respect to such overdue amount nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
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Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent rent or Operating Costs Payments is any other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) ten days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date after such amount shall be due, Tenant shall pay to Landlord a late charge charges equal to ten percent (10%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s default with respect to such overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.
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Samples: Lease Agreement (Vu1 CORP)
Late Charges. Rent is due on the first day of each calendar month. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be such costs being extremely difficult and impracticable to ascertainfix. Such costs includeinclude processing charges, but are not limited to, processing and accounting charges, and late charges that may be imposed on Landlord by the terms of any encumbrance and note secured by any encumbrance covering the Premises. AccordinglyTherefore, if any delinquent installment of Base Rent or Operating Costs Payments other sums due from Tenant is not received by Landlord or Landlord’s designee within five (5) days of the date such amount shall be due, or if any installment of other Rent is not received by Landlord or Landlord’s designee on or before the date such amount shall be duefirst day of each calendar month, Tenant shall pay to Landlord a late charge an additional sum equal to ten percent (10%) % of such overdue amountamount as a late charge. The parties hereby agree that such this late charge represents a fair and reasonable estimate of the administrative and other costs that Landlord will incur by reason of late payment by Tenant. Acceptance of such any late charge by Landlord shall in no event not constitute a waiver of Tenant’s 's default with respect to such the overdue amount amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunderavailable to Landlord.
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