Common use of Past Due Rent Clause in Contracts

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 If, during the term of this Lease Lease, Tenant shall fail to pay any installment of the fixed monthly rent when or additional rent or any other charge hereunder within ten (10) days after the same is due and payable, Tenant then interest at the rate of two percent (2%) per month shall pay 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 landlordcover the extra expense of handling such delinquency, shall be paid to Landlord as additional rent and liquidated damages for at the time of payment of 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 thereofpast-due sum. 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 apply any payments made by Tenant first to one tenth (1/10th) any deficiency in the payment of the amount then dueinterest and Late Charge provided for herein. Nothing contained in this paragraph Paragraph 3.03 shall be construed to be a limitation of or in substitution of Landlord’s 's rights and remedies under Article 1413 of this Lease.

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 TenantXxxxxx’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.