Late Fees; Interest. We incur substantial costs and expenses prior to publication and your failure to make timely payments subjects us to substantial losses. You agree that time is of the essence in your payment, and that you will pay strictly in accordance with the payment schedule. It is also agreed that if you are late with a payment, it would be extremely difficult or impractical to fix actual damages resulting from the late payment; therefore, you agree to pay us a late charge of $20.00 for the cost of administering the late payment for each month you are late. In addition, interest of 1.65% per month (19.8% Annual Percentage Rate) or the highest rate allowed by law will be charged on all past due principal amounts.
Late Fees; Interest. In the event that a Fixed Rental payment is not received by Landlord within five (5) days of the date it is due, Tenant may be assessed a late fee by Landlord of 2.5% of the amount due; provided, however, no such late fee shall be owed unless such late payment continues for a period of five (5) days after written notice to Tenant (but Tenant shall only be entitled to one such notice in any calendar year, and thereafter during such calendar year any such payment not paid within five (5) days of its due date shall trigger such late payment without the requirement of additional notice).
Late Fees; Interest. (a) In the event that Tenant fails to pay any Installment on or prior to the date such Installment is due as set forth in Section 5 above (an “Installment Breach”) and such Installment Breach continues for five (5) days after such Installment is due, Tenant shall pay to Landlord a late fee equal to five percent (5%) of the amount of such Installment (“Late Fee”), which shall be deemed due and payable on the same date that the overdue Installment was due; provided, however, that Landlord agrees to waive the Late Fee for the first late payment in any twelve (12) month period so long as Tenant pays the amount due within five (5) days after written notice from Landlord.
Late Fees; Interest. The term "Rent" or "rent" as used in this lease shall mean and refer to collectively to the Base Rent plus all Other Charges, and in the event of any non-payment of any of the Other Charges by Tenant, Landlord shall have in addition to all other rights and remedies, all of the rights and remedies provided for herein or by law with respect to non-payment of Base Rent. Without waiver, limitation or prejudice to the foregoing, as a material inducement for Landlord's entry into this Lease, Tenant agrees that if any payment of Rent is not received by Landlord within ten (10) days following the due date therefor, or Tenant's check for same shall not be honored for any reason, then, because the actual damages resulting from late payments and dishonored checks are difficult to fix, Tenant shall pay Landlord as liquidated damages for each such late payment or dishonored check a late fee in an amount equal to five percent (5%) of the amount of the overdue payment. In addition, beginning three (3) business days following Tenant's receipt of written notice of any past due Rent, Landlord may charge interest on the said past due Rent until paid at a rate equal to the lesser of eighteen percent (18%) or the maximum rate allowed by law (herein, the "Default Rate").
Late Fees; Interest. If any installment of Base Rent is not paid by the third day of the month, or if any Additional Rent is not paid within three (3) days of the date when due, Subtenant acknowledges that Sublandlord will incur additional administrative expenses and costs which are difficult or economically impractical to ascertain. Accordingly, if any installment of Base Rent is not paid by the third day of the month, or if any Additional Rent is not paid within three (3) days of the date when due, then Subtenant shall pay an administrative charge to Sublandlord equal to six percent (6%) of the delinquent amount (“Late Fee”). Notwithstanding the foregoing, not more than twice in each calendar year Sublandlord will waive the Late Fee if such delinquency is paid within three (3) business days after Subtenant’s receipt of Sublandlord’s notice. In addition, the Default Interest (as defined in the Master Lease) will accrue on any delinquent Rent. Neither demand for nor receipt of any late charge called for under this Sublease shall (i) operate to waive any default by Subtenant or provide a substitute for Subtenant’s full and timely performance of the obligation to pay Rent, or (ii) limit the exercise of any other right or remedy Sublandlord may have under this Sublease in case of Subtenant’s Default.
Late Fees; Interest. If the payment of any amount due hereunder is not received by TNBC within 10 days of the due date thereof, said payment shall be in default and a late fee of 5% of the defaulted payment shall also become due and payable as additional Project Fees. Further, after the 10th day, said past due amount (but not late fees) shall bear interest at the maximum rate permitted by law.
Late Fees; Interest. In the event any payment under this Lease is not received by County by the date due, Lessee acknowledges that County will experience additional management, administrative and other costs that are impracticable or extremely difficult to determine. Therefore, a fee (“Late Fee”) equal to five percent (5%) of the delinquent amount shall be added to any amount that remains unpaid five (5) days after such amount was due and payable hereunder; provided, however, with regard to the first such failure in any twelve (12) month period, such late charge shall be waived to the extent Lessee cures such failure within five (5) business days following Lessee’s receipt of written notice from County that the same was not received when due. Any unpaid rent due, together with any Late Fees thereon, shall bear interest at an annual rate equal to the Applicable Rate, computed from the date when such amounts were due and payable, compounded monthly, until paid. Lessee acknowledges that such Late Fee and interest shall be applicable to all identified monetary deficiencies under this Lease, whether identified by audit or otherwise, and that interest on such amounts shall accrue from and after the date when such amounts were due and payable as provided herein (as opposed to the date when such deficiencies are identified by County); provided, however, with respect to any obligation of an Encumbrance Holder in connection with the exercise of its cure rights under Article 13 below, interest accrual on any particular obligation for periods prior to the Encumbrance Holder’s acquisition of leasehold title to the Property shall be limited to a maximum of three (3) years.
Late Fees; Interest. Failure to pay Fees when due will result in a $100 late charge for each instance of late payment. Unpaid balances associated with your account will continue to accrue interest at the rate of 1.5% per month or the maximum amount permitted by applicable law, whichever is less.
