Late Pavments Sample Clauses

Late Pavments. Lessee hereby acknowledges that late payments by Lessee to Lessor of rent will cause Lessor to incur costs not 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, charges which may be imposed on Lessee by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of rent shall not be received by Lessor within ten calendar days after such amount shall be due, then, without any requirement for notice to Lessee, Lessee shall pay to Lessor a late charge equal to six percent (6%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Lessor will incur by reason of late payment by Xxxxxx. Acceptance of such late charge by Lessor shall in no event constitute a waiver of County As Lessee - 000 Xxxxx Xxxxxx, Xxxxx Xxxx default with respect to such overdue amount, nor prevent Xxxxxx from exercising any of the other rights and remedies granted hereunder. This provision becomes effective the fourth month following the Commencement Date and any Amendments to this Lease.
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Late Pavments. CONTRACTOR hereby acknowledges that late payments by CONTRACTOR to COUNTY of rent will cause COUNTY to incur costs not contemplated by this agreement, the exact amount of which will be extremely difficult to ascertain. Accordingly, if any installment of rent shall not be received by COUNTY within fifteen
Late Pavments. Except as otherwise provided in this Agreement, any amount payable to the Owner Lessor, the Owner Participant or the Facility Lessee under this Agreement not paid within 10 days from the date due and payable under this Agreement shall bear interest from the due date to the date paid at the Overdue Rate. Section 9.3
Late Pavments. If any undisputed amount in an invoice of the Transfer Agent (for fees or reimbursable expenses) is not paid when due, the Fund shall pay the Transfer Agent interest thereon (from the due date to the date of payment) at a per annum rate equal to one percent (1.0%) plus the Prime Rate (that is, the base rate on corporate loans posted by large domestic banks) published by The Wall Street Journal (or, in the event such rate is not so published, a reasonably equivalent published rate selected by the Fund) on the first day of publication during the month when such amount was due. Notwithstanding any other provision hereof, such interest rate shall be no greater than permitted under applicable provisions of Massachusetts law.
Late Pavments. (a) All sums paid by Landlord and all costs and expenses incurred by Landlord, including attorneys' fees, in connection with the performance of any act that is required to be performed by Tenant, together with interest thereon at an annual rate (the "Lease Interest Rate '~) equal to five (5) percentage points above the prime commercial lending rate of Citibank, N.A. (or its successors or assigns) charged to its customers of highest credit standing for ninety (90) day unsecured loans, in effect from time to time, from the date of such payment or incurrence by Landlord of such cost and expense, shall constitute additional rent payable by Tenant under this Lease and shall be paid by Tenant to Landlord on demand. (b) In the event Tenant shall fail to pay to Landlord Base Rent or and Additional Charges on the first day the same shall be required to be paid to Landlord hereunder (it being agreed that for purposes of this Article 14, the first day that an amount is required to be paid to Landlord hereunder means the first day that such amount is due notwithstanding that a grace period, with or without notice, has been granted; for example, since Base Rent is due on the first day of each month, even though a grace period until the fifth (5th) day of each month has been agreed to prior to the occurrence of a default hereunder, the first day that Base Rent is required to be paid to Landlord hereunder is the first day of each month and said Base Rent is deemed to be due on the first day of each month and overdue from and after the first day of each month if it is not paid to Landlord by the end of the first day of each month), then: (i) Tenant shall pay to Landlord interest on such overdue amount of Base Rent or and Additional Charges at the Lease Interest Rate from the fifth (5th) day such overdue amount shall be due, to the date of payment thereof; and (ii) In the event that Tenant shall fail to pay any portion of Gross Rent by the date that is ten (10) days after the first day that such amount shall become due and payable, then Tenant shall pay to Landlord an administrative charge equal five percent (5%) of the overdue amount.

Related to Late Pavments

  • Late Payments Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two (2%) percent.

  • Late Arrivals If you plan to arrive more than five (5) days after your Move-In Date, you must notify Student Housing and Community Services in writing. If you do not move into your accommodation within five (5) days of your Move-In Date, this Contract may be cancelled and your accommodation will be reassigned without further notice.

  • Late Payment Timeliness of payment and any interest to be paid to Contractor for late payment shall be governed by Article 11-A of the State Finance Law to the extent required by law.

  • Late Fees All overdue accrued and unpaid interest to be paid hereunder shall entail a late fee at an interest rate equal to the lesser of 18% per annum or the maximum rate permitted by applicable law (the “Late Fees”) that shall accrue daily from the date such interest is due hereunder through and including the date of actual payment in full.

  • Default Interest Upon the occurrence and during the continuance of an Event of Default under Section 6.01(a), the Agent may, and upon the request of the Required Lenders shall, require the Borrower to pay interest (“Default Interest”) on (i) the unpaid principal amount of each Advance owing to each Lender, payable in arrears on the dates referred to in clause (a)(i) or (a)(ii) above, at a rate per annum equal at all times to 2% per annum above the rate per annum required to be paid on such Advance pursuant to clause (a)(i) or (a)(ii) above and (ii) to the fullest extent permitted by law, the amount of any interest, fee or other amount payable hereunder that is not paid when due, from the date such amount shall be due until such amount shall be paid in full, payable in arrears on the date such amount shall be paid in full and on demand, at a rate per annum equal at all times to 2% per annum above the rate per annum required to be paid on Base Rate Advances pursuant to clause (a)(i) above; provided, however, that following acceleration of the Advances pursuant to Section 6.01, Default Interest shall accrue and be payable hereunder whether or not previously required by the Agent.

  • Compounding of default interest Any such interest which is not paid at the end of the period by reference to which it was determined shall thereupon be compounded.

  • Late Arrival Fees are calculated according to the times stipulated in the schedule and no adjustment shall be made for time lost because of late arrival by the Student. Any lost time because of the late arrival of the Tutor shall be compensated for by extending a lesson by mutual agreement and by such amount of time that was lost.

  • Interest on Late Payments a. State Agencies The payment of interest on certain payments due and owed by Agency may be made in accordance with Article 11-A of the State Finance Law (SFL §179-d et. Seq.) and Title 2 of the New York Code of Rules and Regulations, Part 18 (Implementation of Prompt Payment Legislation -2 NYCRR §18.1 et seq.).

  • Simple Interest Each Receivable provides for scheduled monthly payments that fully amortize the Amount Financed by maturity (except for minimally different payments in the first or last month in the life of the Receivable) and provides for a finance charge or yield interest at its APR, in either case calculated based on the Simple Interest Method.

  • Interest Any amounts paid under Section 8.3 or Section 8.5, shall bear interest for the period from and including the day following Bank Closing to and including the day preceding the payment at the Settlement Interest Rate.

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