Common use of Past Due Rent Clause in Contracts

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.

Appears in 3 contracts

Samples: Lease Agreement (Arrowhead Research Corp), Lease Agreement (Exact Sciences Corp), Lease Agreement (Third Wave Technologies Inc /Wi)

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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 fourteen (1014) 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.

Appears in 2 contracts

Samples: Lease Agreement (Mentor Corp /Mn/), Lease Agreement (Mentor Corp /Mn/)

Past Due Rent. If Tenant shall fail to pay when due any base rent Base Rent or additional rentAdditional Rent, and such amount shall not be paid within ten (10) days after written notice from Landlord to Tenant that such amount was not paid on the date when due, such unpaid amounts shall thereafter 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.

Appears in 1 contract

Samples: Lease Agreement (Exact Sciences Corp)

Past Due Rent. If Tenant shall fail to pay when due any base rent or additional rent, and such amount shall not be paid rent 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.

Appears in 1 contract

Samples: Lease Agreement (Cellular Dynamics International, Inc.)

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Past Due Rent. If Tenant shall fail to pay when within 10 days from the date same is due and payable, any base rent Base Rent or additional rent, and such amount shall not be paid within ten (10) days after the date when duecharges due hereunder, such unpaid amounts amount shall bear interest from the due date thereof to the date of payment at the rate of ten percent twelve (1012%) percent per annum annum, or at the prime interest rate then charged by the U.S. Bank National Association or its successors or assignsmaximum legal rate, whichever is greaterless.

Appears in 1 contract

Samples: Grounds Lease (First Security Bancorp Inc /Ky/)

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