Common use of Past Due Rent Clause in Contracts

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).

Past Due Rent. If Tenant shall fail to pay when the same is due and payable, any Base Rentrent, any additional rent, or any amount or charges accruing or payable under this leaseLease, such unpaid amounts shall bear interest from the due date thereof to the date of payment at the lease interest rate (as hereinafter defined)Lease Interest Rate.

Past Due Rent. If Tenant shall fail fails to pay any rent or other charge when the same is due due, the unpaid amount shall, at Landlord's option and payablewithout waiving any other right of Landlord, 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 greater of twelve percent (12%) per annum or the highest interest rate (as hereinafter defined)allowable by law.