Common use of LATE PENALTY Clause in Contracts

LATE PENALTY. Tenant shall be charged a five percent (5%) late fee on all rental payments (minimum and/or additional) which are received by Landlord more than ten (10) days after their due date. Such late fee shall compensate Landlord for (i) the costs attributable to providing notice of delinquency; and (ii) the expense of servicing the mortgage loan on Landlord's Building from alternative funds. In addition, any rental payments which are not paid within twenty (20) days of their due date shall bear interest thereafter at the rate of one and one-quarter percent (1-1/4%) per month, or the highest rate permitted by law, whichever is lower, until paid.

LATE PENALTY. Tenant shall be charged a five percent (5%) late fee on all rental payments (minimum and/or additional) which are received by Landlord more than ten (10) days after their due date. Such late fee shall compensate Landlord for (i) the costs attributable to providing notice of delinquency; and (ii) the expense of servicing the mortgage loan on Landlord's ’s Building from alternative funds. In addition, any rental payments which are not paid within twenty (20) days of their due date shall bear interest thereafter at the rate of one and one-quarter half percent (1-1/41/2%) per month, or the highest rate permitted by law, whichever is lower, until paid.

LATE PENALTY. Tenant shall be charged a five percent (5%) late fee on all rental payments (minimum and/or additional) which are received by Landlord more than ten fifteen (1015) days after their due date. Such late fee shall compensate Landlord for (i) the costs attributable to providing notice of delinquency; and (ii) the expense of servicing the mortgage loan on Landlord's Building from alternative funds. In addition, any rental payments which are not paid within twenty (20) days of their due date shall bear interest thereafter at the rate of one and one-quarter half percent (1-1/41/2%) per month, or the highest rate permitted by law, whichever is lower, until paid.

LATE PENALTY. Tenant shall be charged a five percent (5%) late fee on all rental payments (minimum and/or additional) which are received by Landlord more than ten (10) days after their due date. Such late fee shall compensate Landlord for (ifori) the costs attributable to providing notice of delinquency; and (ii) the expense of servicing the mortgage loan on Landlord's ’s Building from alternative funds. In addition, any rental payments which are not paid within twenty (20) days of their due date shall bear interest thereafter at the rate of one and one-quarter half percent (1-1/41/2%) per month, or the highest rate permitted by law, whichever is lower, until paid.

LATE PENALTY. Tenant shall be charged a five percent (5%) late fee on all rental payments (minimum and/or additional) which are received by Landlord more than ten (10) business days after their due date. Such late fee shall compensate Landlord for (i) the costs attributable to providing notice of delinquency; and (ii) the expense of servicing the mortgage loan on Landlord's Building from alternative funds. In addition, any rental payments which are not paid within twenty (20) business days of their due date shall bear interest thereafter at the rate of one and one-quarter half percent (1-1/41/2%) per month, or the highest rate permitted by law, whichever is lower, until paid.

LATE PENALTY. Tenant shall be charged a five percent (5%) late fee on all rental payments (minimum and/or additional) which are received by Landlord more than ten (10) days after their due date. Such late fee shall compensate Landlord for (iI) the costs attributable to providing giving notice of delinquency; and (, ii) the expense of servicing the mortgage loan on Landlordlandlord's Building from alternative funds; and iii) Landlord's loss of interest. In addition, any Any rental payments which are not paid within twenty (20) days of their due date shall bear interest thereafter at the rate of one and one-quarter half percent (1-1/41/2%) per month, or the highest rate permitted by law, whichever is lower, until paid.

LATE PENALTY. Tenant shall be charged a five percent (5%) late fee on all rental payments (minimum and/or additional) which are received by Landlord more than ten fifteen (1015) days after their due date. Such late fee shall compensate Landlord for (i) the costs attributable to providing notice of delinquency; and (ii) the expense of servicing the mortgage loan on Landlord's Building from alternative funds. In addition, any rental payments which are not paid within twenty (20) days of their due date shall bear interest thereafter at the rate of one and one-quarter one- half percent (1-1/41/2%) per month, or the highest rate permitted by law, whichever is lower, until paid.