Past Due Rent. If Tenant shall fail to pay when due any base rent or additional rent, and such amount shall not be paid within ten (10) days after the date when due, such unpaid amounts shall bear interest from the due date thereof to the date of payment at the rate of ten percent (10%) per annum or the prime interest rate then charged by the U.S. Bank National Association or its successors or assigns, whichever is greater.
Past Due Rent. If any installment of Base Rent or Variable Rent, as the case may be, is not paid when due, Lessee shall pay to Lessor (other than as provided in Section 5.3), on demand, as Additional Rent, interest on such installment from the date such installment was due to the date such installment is paid at the Default Interest Rate. If any other Additional Rent (except for such payments as Lessee is contesting in good faith or pursuant to a Tax Challenge or a Permitted Lessee Contest) is not paid within ten (10) Business Days following written demand from Lessor to Lessee (the “Due Date for Other Additional Rent”), Lessee shall pay to Lessor, on demand, as Additional Rent, interest on such installment from the applicable Due Date for Other Additional Rent to the date such other Additional Rent is paid at the Default Interest Rate.
Past Due Rent. If, during the term of this Lease, Tenant shall fail to pay any installment of the fixed monthly rent or additional rent or any other charge hereunder within ten (10) days after the same is due and payable, then interest at the rate of two percent (2%) per month shall accrue from and after the date on which such sum was due and payable, and such interest, together with a late charge of $50.00 for each past-due payment to cover the extra expense of handling such delinquency, shall be paid to Landlord as additional rent and liquidated damages at the time of payment of such past-due sum. Landlord shall have the right to apply any payments made by Tenant first to any deficiency in the payment of the interest and Late Charge provided for herein. Nothing contained in this Paragraph 3.03 shall be construed to be a limitation of or in substitution of Landlord's rights and remedies under Article 13 of this Lease.
Past Due Rent. If any installment of Base Rent is not paid when due, Tenant shall pay to Landlord, on demand, as Additional Rent, interest on such installment from the date such installment was due to the date such installment is paid at the Default Interest Rate. If any other Additional Rent (except for such payments as Tenant is contesting in good faith or pursuant to a Tax Challenge or a Permitted Tenant Contest) is not paid within ten (10) Business Days following written demand from Landlord to Tenant (the “Due Date for Other Additional Rent”), Tenant shall pay to Landlord, on demand, as Additional Rent, interest on such installment from the applicable Due Date for Other Additional Rent to the date such other Additional Rent is paid, at the Default Interest Rate.
Past Due Rent. If Tenant fails to make any payment of Rent or any other sums or amounts to be paid by Tenant hereunder on or before the fifth day after the date such payment is due and payable, Tenant shall pay to Landlord an administrative late charge of five percent (5%) of the amount of such payment. In addition, such past due payment shall bear interest at the Prime Rate plus eight percent (8%) from the date such payment became due to the date of payment thereof by Tenant. Thus, for example, if the Prime Rate is seven percent (7%) the said default rate would be fifteen percent (15%). Such late charge and interest shall constitute Additional Rent and shall be due and payable with the next installment of Rent due hereunder.
Past Due Rent. If Tenant shall fail to pay when the same is due and payable, any Base Rent, any additional rent, or any amount or charges accruing or payable under this lease, such unpaid amounts shall bear interest from the due date thereof to the date of payment at the lease interest rate (as hereinafter defined).
Past Due Rent. (a) Subject to any applicable notice and cure period, if Tenant shall fail to pay any installment of Rent before the sixth day after such Rent is due and payable, Tenant shall pay a charge (the "Late Charge") which shall be 5% of the amount of such unpaid installment of Rent. The parties agree that the amount of such Late Charge represents a reasonable estimate of the cost and expense that will be incurred by Landlord in processing each delinquent payment of Rent by Tenant and that such Late Charge shall be paid to Landlord as liquidated damages for each delinquent payment.
(b) Subject to any applicable notice and cure period, any amount due from Tenant to Landlord which is not paid when due shall bear interest at the Default Rate from the date such payment is due, after the expiration of any applicable grace period, until paid. The rate so determined shall continue in effect following any default by Tenant pursuant to this Lease. Payment of such interest shall not excuse or cure any default by Tenant under this Lease. The parties agree that the payment of interest and the payment of Late Charges provided for above are distinct and separate from one another in that the payment of interest is to compensate Landlord for its inability to use the money improperly withheld by Tenant, while the payment of Late Charges is to compensate Landlord for its additional administrative expenses in handling and processing delinquent payments.
Past Due Rent. Landlord may collect from Tenant all past due Rent, including interest thereon at twelve percent (12%) per annum and late charges, and all other reasonable damages caused by Tenant's default.
Past Due Rent. If Lessee shall fail to pay any monthly installment of rent, within ten (10) days of its due date, such unpaid installment shall be subject to a penalty equal to five (5%) percent of the delinquent rental installment plus interest at the rate of eighteen (18%) percent per annum on the amount of the unpaid rental installment from the date it becomes delinquent until the date it is paid in full.
Past Due Rent. If Tenant fails to make any payment of Rent or any other sums or amounts to be paid by Tenant under the Lease on or before the date such payment is due and payable, any such past due payment shall bear interest from the date such payment became due to the date of payment thereof by Tenant at a rate which is equal to the lesser of (i) twelve percent (12%) per annum, or (ii) the maximum interest rate then allowable under the laws of the State in which the Premises are located. Any payment of Rent not paid within any permitted grace period specifically set forth in this Lease shall incur a late charge for reimbursement of Landlord’s anticipated out-of-pocket expenses due to such failure of five percent (5%) of the amount of such payment. Such late charge and interest shall constitute Additional Rent and shall be due and payable with the next installment of Rent due hereunder. Notwithstanding the foregoing or anything else to the contrary contained in this Section, Tenant shall not be responsible for the late charge set forth in this Section if the first time Tenant fails to pay Base Rent when due Tenant pays such Base Rent within ten (10) days after delivery of written notice of such default.
