Late Fee / Default Interest Sample Clauses

Late Fee / Default Interest. Beginning with the second violation in any twelve month period, any installment of Rent not paid within five (5) days of its due date shall bear interest at the prime rate plus 4% and shall be subject to a late charge in the amount equal to 4% of the amount due.

Late Fee / Default Interest. If either (a) any accrued interest amount is not paid in full when due or (b) any principal installment amount is not paid in full on or before the due date provided herein, then, in either event (i) Borrower shall pay to Lender a late charge equal to three percent (3%) of the required payment, with a minimum late charge of $250.00, and (ii) the amount past due shall, until paid, accrue interest at a default rate equal to the lesser of (A) eighteen percent (18%) per annum, or (B) the maximum rate permitted by law (the “Default Rate”). Upon an Event of Default (as defined herein), the outstanding Principal Amount of this Note shall accrue interest at the Default Rate.

Late Fee / Default Interest. Commencing on the Commencement Date, all payments of Rent, including Additional Rent, shall be paid to Landlord without demand and without deduction, set-off or counterclaim (except as otherwise provided herein) on the first (1st) day of every month during the Lease Term. Without waiving any of Landlord’s other remedies for Tenant’s failure to pay Rent as in this Lease contained, Tenant agrees that any Rent not paid by the tenth (10th) day of any month shall require payment by Tenant of a late charge calculated at five percent (5%) of the amount due and unpaid. In addition, all Rent payments hereunder not made within ten (10) days of the due date shall bear interest at the rate of one and one-half percent (1-1/2%) per month, but not greater than the maximum amount of interest permitted by law. Anything hereinabove contained to the contrary notwithstanding, it is expressly understood and agreed that any late payment of Rent or other charges as required in this Lease shall be deemed a default pursuant to the terms and conditions of this Lease after the expiration of any applicable grace periods and the giving of any required notices, for which Landlord shall have such rights or remedies as provided in this Lease. Notwithstanding anything to the contrary contained in this Lease, Tenant shall be entitled to notice of its failure to timely pay any non-recurring item of Additional Rent prior to being in default under this Lease, and Tenant shall not be in default under this Lease for failing to timely pay a non-recurring item of Additional Rent unless and until Tenant fails to timely pay more than one (1) non-recurring item of Additional rent in any twelve (12) month period. Additionally, such non-recurring item of Additional Rent shall not be subject to the aforesaid late charge and/or interest, provided same is paid within ten (10) days after the effective date of notice of Tenant’s failure to timely pay.

Late Fee / Default Interest. Any installment of Rent not paid when due and payable shall bear interest at the rate often percent (10%) per annum. In the event any check, bank draft or negotiable instrument given for any payment under this Lease shall be dishonored at any time for any reason whatsoever not attributable to Landlord, Landlord shall be entitled, in addition to any other remedy that may be available, to an administrative charge of two hundred fifty dollars ($250.00).

Late Fee / Default Interest. Any License Fee or any other monetary obligations under this Agreement not paid to Licensor by the date specified in this Agreement or specified by Licensor pursuant to this Agreement, shall bear interest accruing from such date at the greater of the rate of eighteen percent (18%) per annum, compounded annually, or the maximum rate permitted by law.

Late Fee / Default Interest. (a) If any billed amount of principal and/or interest is not paid in full within five (5) days after the same is due, Borrower shall pay to Lender a late fee on such unpaid amount equal to five percent (5%) of such late payment. (b) During any period in which an Event of Default is existing, the interest rate under the Note shall be the Citizens Bank of Massachusetts Prime Rate plus two and one-half percent (2.5%) per annum, until full payment of all principal, interest, expenses and costs of collection, if any, due hereunder are received by the Lender.

Late Fee / Default Interest