Late Charges. Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 10 contracts
Samples: Lease Agreement (Ziasun Technologies Inc), Industrial Real Estate Lease (Surebeam Corp), Industrial Real Estate Lease (Newbridge Products Inc)
Late Charges. Tenant's failure to pay rent promptly may cause ------------ Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and end late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 10 contracts
Samples: Industrial Real Estate Lease (Doskocil Manufacturing Co Inc), Industrial Real Estate Lease (Doskocil Manufacturing Co Inc), Industrial Real Estate Lease (Doskocil Manufacturing Co Inc)
Late Charges. TenantXxxxxx's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 7 contracts
Samples: Industrial Real Estate Lease (Industrial Rubber Innovations Inc), Lease Agreement (Pemstar Inc), Lease Agreement (Saratoga Beverage Group Inc)
Late Charges. Tenant's ’s failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 5 contracts
Samples: Industrial Real Estate Lease (Chino Commercial Bancorp), Sublease Agreement (Modtech Holdings Inc), Industrial Real Estate Lease (Vitacost.com, Inc.)
Late Charges. Tenant's ’s failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten five percent (105%) of the overdue over due amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 3 contracts
Samples: Industrial Real Estate Lease (SeaSpine Holdings Corp), Industrial Real Estate Lease (Isotis Inc), Industrial Real Estate Lease (Isotis Sa)
Late Charges. Tenant's ’s failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the PropertyPremises. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 3 contracts
Samples: Lease Agreement (Endologix Inc /De/), Lease Agreement (TriVascular Technologies, Inc.), Lease Agreement (TriVascular Technologies, Inc.)
Late Charges. Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten five (105) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten five percent (105%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 3 contracts
Samples: Industrial Real Estate Sublease (Pets Com Inc), Industrial Real Estate Sublease (Pets Com Inc), Lease (Stratasys Inc)
Late Charges. Tenant's ’s failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting account charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay pay, Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 2 contracts
Samples: Industrial Lease Agreement, Industrial Real Estate Lease (Daystar Technologies Inc)
Late Charges. Tenant's Tenant acknowledges that Xxxxxx’s failure to pay rent promptly Base Rent or Additional Rent pursuant to the terms of this Lease may cause Landlord to incur unanticipated costs. The exact amount of such costs are is impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the PropertyPremises. Therefore, if Landlord does not receive any rent Rent payment within ten five (105) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten five percent (105%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 2 contracts
Samples: Lease (1847 Holdings LLC), Lease (1847 Holdings LLC)
Late Charges. Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten five percent (105%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 2 contracts
Samples: Industrial Real Estate Lease (Carrington Laboratories Inc /Tx/), Commercial Lease Agreement (Antigua Enterprises Inc)
Late Charges. Tenant's ’s failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground leasesublease, mortgage or trust deed encumbering the PropertyPremises. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment. Landlord agrees that the late charge shall not be charged on the first late payment in any period of twelve consecutive months.
Appears in 2 contracts
Samples: Lease Agreement, Industrial Real Estate Triple Net Lease (Pacira Pharmaceuticals, Inc.)
Late Charges. Tenant's failure to pay rent promptly may ------------ cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and end late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 2 contracts
Samples: Industrial Real Estate Lease (Doskocil Manufacturing Co Inc), Industrial Real Estate Lease (Doskocil Manufacturing Co Inc)
Late Charges. Tenant's failure to pay rent Rent promptly on the first day of each month may cause Landlord to incur unanticipated costs. The , the exact amount of such costs which are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the PropertyBuilding. Therefore, if Landlord does not receive any rent Rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten six percent (106%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 2 contracts
Samples: Lease Agreement (Fair Isaac & Company Inc), Lease Agreement (HNC Software Inc/De)
Late Charges. Tenant's ’s failure to pay rent Rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are is impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the PropertyPremises. Therefore, if Landlord does not receive any rent payment within ten five (105) business days after it becomes written notice that such amount is past due, Tenant shall pay Landlord a late charge equal to ten five percent (105%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 2 contracts
Samples: Office Lease (Ziprecruiter, Inc.), Office Lease (Ziprecruiter, Inc.)
Late Charges. TenantXxxxxx's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or of trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such thatsuch late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late paymentlatepayment.
Appears in 1 contract
Late Charges. Tenant's Tenants failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are is impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground leasesublease, mortgage or trust deed encumbering the PropertyPremises. Therefore, if Landlord does not receive any rent payment within ten five (105) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10l0%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Industrial Real Estate Triple Net Sublease (Copper Mountain Networks Inc)
Late Charges. Tenant's failure to pay rent Rent promptly may cause Landlord to incur unanticipated costs. The exact amount amounts of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, or mortgage or deed of trust deed encumbering the Property. Therefore, if Landlord does not receive any rent Rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten five percent (105%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Triple Net Lease (CUI Global, Inc.)
Late Charges. Tenant's ’s failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay to Landlord a late charge equal to ten five percent (105%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Lease Agreement (Blucora, Inc.)
Late Charges. TenantXxxxxx's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten three (103) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Late Charges. Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay to Landlord a late charge equal to ten five percent (105%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment. Notwithstanding the foregoing, Landlord will waive the late charge two times during each calendar year, on a non-cumulative basis.
Appears in 1 contract
Late Charges. TenantXxxxxx's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are is impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground leasesublease, mortgage or trust deed encumbering the PropertyPremises. Therefore, if Landlord does not receive any rent payment within ten five (105) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten five percent (105%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Late Charges. Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay to Landlord a late charge equal to ten three percent (103.0%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Lease Agreement (Pc Mall Inc)
Late Charges. Tenant's failure to pay rent promptly Rent immediately may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the PropertyProject and Premises. Therefore, if Landlord does not receive any rent Rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten five percent (105%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Industrial Real Estate Lease (Home Interiors & Gifts Inc)
Late Charges. TenantTxxxxx's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (( 10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (( 10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Late Charges. Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are is impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten on or before the fifth (105th) days after calendar day of the month in which it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue over due amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Industrial Real Estate Lease (Wrap Technologies, Inc.)
Late Charges. Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, and five (5) business days after written notice to Tenant, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Commercial Lease Agreement (Radiation Therapy Services Inc)
Late Charges. TenantXxxxxx's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord Tenant does not receive pay any rent payment within when due and such failure continues for ten (10) days after it becomes dueXxxxxx's receipt of written notice thereof from Landlord, Tenant shall pay Landlord a late charge equal to ten five percent (105%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Late Charges. Tenant's failure to pay rent promptly may The late payment by Tenant of any sums due hereunder will cause Landlord to incur unanticipated costs. The costs not contemplated by this Lease, the exact amount of such costs are impractical or extremely which will be difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges charges, and late charges which may be imposed on Landlord by the terms of any ground lease, mortgage or trust deed encumbering encumbrance covering the PropertyPremises. ThereforeAccordingly, if amounts payable by Tenant are not received by Landlord does not receive any rent payment within ten five (105) days after it becomes duethe due date of such payment, Tenant shall immediately pay to Landlord a late charge equal to ten five percent (105%) of the overdue amountsuch payment. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such Tenant's late payment, and shall be in addition to the payment of Default Interest.
Appears in 1 contract
Samples: Master Lease
Late Charges. Tenant's ’s failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are is impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Multi Tenant Industrial Gross Lease (Activecare, Inc.)
Late Charges. Tenant's ’s failure to pay rent Rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the PropertyPremises. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Late Charges. Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated ixxxx xnanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Industrial Real Estate Lease (Arterial Vascular Engineering Inc)
Late Charges. Tenant's ’s failure to pay rent Rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the PropertyPremises. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten five percent (105%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment. Notwithstanding anything herein to the contrary, Tenant shall be entitled to written notice of such failure from Landlord once during the Lease Term and five (5) days to cure such failure before any late charges and interest are incurred.
Appears in 1 contract
Late Charges. Tenant's ’s failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such , such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not doesn’t receive any rent payment within ten five (105) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment. Tenant shall have two (2) annual late payment waivers provided payment is received within five (5) business days of written notice from Landlord.
Appears in 1 contract
Late Charges. Tenant's ’s failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Late Charges. Tenant's failure to pay rent Rent promptly may cause Landlord to incur unanticipated unxxxxxxpated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment of Rent within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Late Charges. TenantXxxxxx's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten seven (107) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten five percent (105%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Late Charges. Tenant's failure Tenant acknowledges that late payment by Tenant to pay Landlord of rent promptly may and other charges provided for under this Lease will cause Landlord to incur unanticipated costs. The costs not contemplated by this Lease, the exact amount of such costs are impractical or being extremely difficult or impracticable to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Propertyfix. Therefore, if any installment of rent or any other charge due from Tenant is not received by Landlord does not receive any rent payment within ten (10) days after it becomes when due, Tenant shall pay to Landlord a late charge an additional sum equal to ten [***] percent (10[***]%) of the amount overdue amountas a late charge for every month or portion thereof that the rent or other charges remain unpaid. The parties agree that such this late charge represents a fair and reasonable estimate of the costs that Landlord will incur by reason of such the late paymentpayment by Tenant.
Appears in 1 contract
Samples: Lease (Outset Medical, Inc.)
Late Charges. Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten five (105) days after it becomes due, Tenant shall pay Landlord a late charge equal to seven percent (7%) ten percent (10%) of the overdue over due amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Industrial Real Estate Lease (Arizona Furniture Co)
Late Charges. TenantXxxxxx's failure to pay rent promptly may cause Landlord to incur unanticipated costs. , The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Industrial Real Estate Lease (LML Payment Systems Inc)
Late Charges. Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such , such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not doesn't receive any rent payment within ten five (105) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Lease (DJO Finance LLC)
Late Charges. Tenant's ’s failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes serves written notice that same is past due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment. Only two (2) notices per twelve (12) month period required.
Appears in 1 contract
Samples: Lease Agreement (West Marine Inc)
Late Charges. Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any a ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.. 9
Appears in 1 contract
Samples: Industrial Real Estate Lease (Consolidated Capital of North America Inc)
Late Charges. Tenant's failure to pay rent promptly may The late payment by Tenant of any sums due hereunder will cause Landlord to incur unanticipated costs. The costs not contemplated by this Lease, the exact amount of such costs are impractical or extremely which will be difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges charges, and late charges which may be imposed on Landlord by the terms of any ground lease, mortgage or trust deed encumbering encumbrance covering the PropertyPremises. ThereforeAccordingly, if amounts payable by Tenant are not received by Landlord does not receive any rent payment within ten (10) days after it becomes dueon or before the due date of such payment, Tenant shall immediately pay to Landlord a late charge equal to ten five percent (10%5-°s) of the overdue amountsuch payment. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such Tenant’s late payment, and shall be in addition to the payment of. Default Interest.
Appears in 1 contract
Late Charges. TenantXxxxxx's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount amounts of such costs are impractical or extremely difficult to ascertain. Such costs may may: include, but are not limited to, processing and accounting charges and late charges which that may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs cost Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Industrial Real Estate Lease (Avalanche International, Corp.)
Late Charges. Tenant's ’s failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, Therefore if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten three percent (103%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Late Charges. TenantXxxxxx's failure to pay rent Rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are is impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the PropertyDemised Premises. Therefore, if Landlord does not receive any rent Rent or Additional Rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten five percent (105%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Lease Agreement
Late Charges. Tenant's ’s failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue over due amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Industrial Real Estate Lease (Liquidity Services Inc)
Late Charges. TenantXxxxxx's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue over due amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Industrial Real Estate Lease (One Source Technologies Inc)
Late Charges. Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment. Landlord agrees to notify Tenant if they have not received the rent after 7 days.
Appears in 1 contract
Samples: Industrial Real Estate Lease (Clearone Communications Inc)
Late Charges. Tenant's ’s failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay to Landlord a late charge equal to ten three percent (103.0%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Lease Agreement (Pc Mall Inc)
Late Charges. TenantTxxxxx's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Industrial Real Estate Lease (Southern Electronics Corp)
Late Charges. Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount amounts of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay to Landlord a late charge equal to ten five percent (105%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Late Charges. Tenant's ’s failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering Lender whose Security Instrument encumbers the PropertyPremises. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Industrial Real Estate Lease (Dynamic Health Products Inc)
Late Charges. ~ Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the PropertyPremises. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Late Charges. Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay to Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Lease Agreement (Ultra Pac Inc)
Late Charges. Tenant's ’s failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the PropertyPremises. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, . Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Industrial Real Estate Lease (Dynamic Health Products Inc)
Late Charges. Tenant's failure to pay rent promptly may The late payment by Tenant of any sums due hereunder will cause Landlord to incur unanticipated costs. The costs not contemplated by this Lease, the exact amount of such costs are impractical or extremely which will be difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges charges, and late charges which may be imposed on Landlord by the terms of any ground lease, mortgage or trust deed encumbering encumbrance covering the PropertyPremises. ThereforeAccordingly, if amounts payable by Tenant are not received by Landlord does not receive any rent payment within ten five (105) days after it becomes duethe due date of such payment, Tenant shall immediately pay to Landlord a late charge equal to ten five percent (105%) of the overdue amountsuch payment. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such Tenant’s late payment, and shall be in addition to the payment of Default Interest.
Appears in 1 contract
Samples: Master Lease
Late Charges. Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge percentage represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Late Charges. TenantXxxxxx's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten fifteen percent (1015%) per annum compounded daily, but in no event less than two percent (2%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Late Charges. Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (( 10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten to, five percent (105%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Industrial Real Estate Lease (Maxwell Laboratories Inc /De/)
Late Charges. Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%IO%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs of Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Industrial Real Estate Lease (Newagecities Com Inc)
Late Charges. Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated xxxxxicipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes past due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Late Charges. Tenant's ’s failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten seven percent (107%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Late Charges. Tenant's ’s failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten five percent (105%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Industrial Real Estate Lease (Dicks Sporting Goods Inc)
Late Charges. Tenant's ’s failure to pay any rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by assessment or by any ground lease, mortgage or trust deed encumbering the PropertyPremises. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Late Charges. Tenant's ’s failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount amounts of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Lease Agreement (Lifelock, Inc.)
Late Charges. Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten five (105) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Late Charges. Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if more than once during the Lease Term, Landlord does not receive any rent payment within ten three (103) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten five percent (105%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Industrial Real Estate Lease (All American Semiconductor Inc)
Late Charges. Tenant's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the PropertyPremises. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Late Charges. Tenant's failure to pay rent promptly may --------------------------- cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the PropertyPremises. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent six percent, (106%) of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract
Samples: Standard Single Tenant Center Lease (Applied Micro Circuits Corp)
Late Charges. TenantXxxxxx's failure to pay rent promptly may cause Landlord to incur unanticipated costs. The exact amount of such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. Therefore, if Landlord does not receive any rent payment within ten (10) days after it becomes due, Tenant shall pay Landlord a late charge equal to ten percent [FIVE PERCENT (105%) )] of the overdue amount. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment.
Appears in 1 contract