Common use of Past Due Rent Clause in Contracts

Past Due Rent. If Tenant shall fail to pay any rent or additional rent when the same shall be due and payable, such unpaid amounts shall bear interest from the date thereof to the date of payment at the rate of eighteen percent (18%) per annum.

Appears in 2 contracts

Samples: Lease Agreement (Singing Machine Co Inc), Lease Agreement (Singing Machine Co Inc)

AutoNDA by SimpleDocs

Past Due Rent. If Tenant shall fail fails to pay any rent or additional rent when the same shall be due is due, the unpaid amount shall, at Landlord’s option and payablewithout waiving any other right of Landlord, such unpaid amounts shall bear interest from the due date thereof to the date of payment at the rate of eighteen percent (18%) per annum.

Appears in 1 contract

Samples: Laboratory Lease (Squarex Pharmaceutical Corp)

AutoNDA by SimpleDocs

Past Due Rent. If Tenant shall fail to pay any rent or additional rent when the same shall be due and payable, . such unpaid amounts shall bear interest from the date thereof to the date of payment at the rate of eighteen percent (18%) per annum.

Appears in 1 contract

Samples: Lease Agreement (Singing Machine Co Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!