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 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 during the term of this Lease Tenant shall fail to pay the fixed monthly rent when the same is due and payable, Tenant shall pay to landlord, as liquidated damages for such late payment in addition such fixed monthly rent, without notice or demand by Landlord, a sum equal to one tenth (1/10th) of the amount thereof. If Tenant’s failure to pay continues for more that thirty (30) days, Landlord shall have the right to impose as additional liquidated damages a sum equal to one tenth (1/10th) of the amount then due. Nothing contained in this paragraph shall be construed to be a limitation of or in substitution of Landlord’s rights and remedies under Article 14.
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. Landlord may collect from Tenant all past due Rent, including interest thereon and late charges as referenced in Article 4 above, and all other damages caused by Tenant’s default, together with interest at the rate of eighteen percent (18%) per year, until paid.
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.
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 hereunder on or before the date such payment is due and payable. Any 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. 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. Tenant shall pay interest on all past-due rent from the date due until paid at the maximum lawful rate. In no event, however, shall the charges permitted under this Section 23.(p) or elsewhere in this Lease, to the extent they are considered to be interest under applicable Law, exceed the maximum lawful rate of interest.
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).
