Common use of Past Due Rent Clause in Contracts

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, If during the term of this Lease, 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 when the same is due and payable, then interest at the rate of two percent (2%) per month Tenant shall accrue from and after the date on which such sum was due and payablepay to landlord, 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 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 time of payment of such past-due sumamount thereof. If Tenant’s failure to pay continues for more that thirty (30) days, Landlord shall have the right to apply any payments made by Tenant first impose as additional liquidated damages a sum equal to any deficiency in the payment one tenth (1/10th) of the interest and Late Charge provided for hereinamount then due. Nothing contained in this Paragraph 3.03 paragraph shall be construed to be a limitation of or in substitution of Landlord's ’s rights and remedies under Article 13 of this Lease14.

Past Due Rent. If, If during the term of this Lease, 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 when the same is due and payable, then interest at the rate of two percent (2%) per month Tenant shall accrue from and after the date on which such sum was due and payablepay to landlord, 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 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 time of payment of such past-due sumamount thereof. If Xxxxxx’s failure to pay continues for more that thirty (30) days, Landlord shall have the right to apply any payments made by Tenant first impose as additional liquidated damages a sum equal to any deficiency in the payment one tenth (1/10th) of the interest and Late Charge provided for hereinamount then due. Nothing contained in this Paragraph 3.03 paragraph shall be construed to be a limitation of or in substitution of Landlord's ’s rights and remedies under Article 13 of this Lease14.