Late Payment and Interest. If any amount due from Lessee is not received in the office of Lessor on or before the tenth (10th) day following the date upon which such amount is due and payable, a late charge of ten percent (10%) of said amount shall become immediately due and payable, which late charge Lessor and Lessee agree represents and fair and reasonable estimate of the processing and accounting costs that Lessor will incur by reason of such late payment. All past due amounts owing to Lessor under this Lease, including rent and the above late charge, shall be assessed interest at the annual percentage rate of eighteen percent (18%) from the date due or date of invoice, whichever is earlier, until paid.
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Samples: Lease Agreement (Epicedge Inc)
Late Payment and Interest. If any amount due from Lessee is not received in the office of Lessor on or before the tenth fifth (10th5th) day following the date upon which such amount is due and payable, a late charge of ten five percent (105%) of said amount shall become immediately due and payable, which late charge Lessor and Lessee agree represents and a fair and reasonable estimate of the processing and accounting costs that Lessor will incur by reason of such late payment. All past due amounts owing to Lessor under this Lease, including rent and the above late chargerent, shall be assessed interest at the annual percentage rate of eighteen percent (18%) from the date due or date of invoice, whichever is earlier, until paid.
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Design Automation Systems Inc)
Late Payment and Interest. If any amount due from Lessee is not received in ------------------------- the office of Lessor on or before the tenth third (10th3rd) day following the date upon which such amount is due and payable, a late charge of ten five percent (105%) of said amount shall become immediately due and payable, which late charge Lessor and Lessee agree represents and a fair and reasonable estimate of the processing and accounting costs that Lessor will incur by reason of such late payment. All past due amounts owing to Lessor under this Lease, including rent and the above late chargerent, shall be assessed interest at the an annual percentage rate of eighteen percent (18%) from the date due or date of invoice, whichever is earlier, until paid.
Appears in 1 contract
Samples: Retail Lease (Briazz Inc)
Late Payment and Interest. If any amount due from Lessee is not received in the office of Lessor on or before the tenth (10th) day following the date upon which such amount is due and payable, a late charge of ten five percent (105%) of said amount shall become immediately due and payable, which late charge Lessor and Lessee agree represents and a fair and reasonable estimate of the processing and accounting costs that Lessor will incur by reason of such late payment. All past due amounts owing to Lessor under this Lease, including rent and the above late chargerent, shall be assessed interest at the an annual percentage rate of eighteen percent (18%) from the date due or date of invoice, whichever is earlier, until paid.
Appears in 1 contract
Samples: Industrial Lease (Icos Corp / De)
Late Payment and Interest. If any amount due from Lessee is not received in the office of Lessor on or before the tenth (10th) day following the date upon which such amount is due and payable, a late charge of ten five percent (105%) of said amount shall become immediately due and payable, which late charge Lessor and Lessee agree represents and a fair and reasonable estimate of the processing and accounting costs that Lessor will incur by reason of such late payment. All past due amounts owing to Lessor under this Lease, including rent and the above late chargerent, shall be assessed interest at the an annual percentage rate of eighteen twelve percent (1812%) from the date due or date of invoice, whichever is earlier, until paid.
Appears in 1 contract
Samples: Lease Agreement (Tullys Coffee Corp)
Late Payment and Interest. If any amount due from Lessee is not received in the office of Lessor on or before the tenth third (10th3rd) day following the date upon which such amount is due and payable, a late charge of ten five percent (105%) of said amount shall become immediately due and payable, which late charge Lessor and Lessee agree represents and a fair and reasonable estimate of the processing and accounting costs that Lessor will incur by reason of such late payment. All past due amounts owing to Lessor under this Lease, including rent and the above late chargerent, shall be assessed interest at the an annual percentage rate of eighteen percent (18%) from the date due or date of invoice, whichever is earlier, until paid.
Appears in 1 contract
Samples: Office Lease (Corillian Corp)
Late Payment and Interest. If any amount due from Lessee is not received in the office of Lessor on or before the tenth third (10th3rd) business day following the date upon which such amount is due and payable, a late charge of ten five percent (105%) of said amount shall become immediately due and payable, which late charge Lessor and Lessee agree represents and a fair and reasonable estimate of the processing and accounting costs that Lessor will incur by reason of such late payment. All past due amounts owing to Lessor under this Lease, including rent and the above late chargerent, shall be assessed interest at the an annual percentage rate of eighteen percent (18%) from the date due or date of invoice, whichever is earlier, until paid.
Appears in 1 contract
Late Payment and Interest. If any amount due from Lessee is not received ------------------------- in the office of Lessor on or before the tenth fifth (10th5th) day following the date upon which such amount is due and payable, a late charge of ten five percent (105%) of said amount shall become immediately due and payable, which late charge Lessor and Lessee agree represents and a fair and reasonable estimate of the processing and accounting costs that Lessor will incur by reason of such late payment. All past due amounts owing to Lessor under this Lease, including rent and the above late chargerent, shall be assessed interest at the an annual percentage rate of eighteen percent (18%) from the date due or date of invoice, whichever is earlier, until paid.
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