Common use of Past Due Sums; Penalty Clause in Contracts

Past Due Sums; Penalty. If Tenant fails to pay, when the same is due and payable, any Annual Rental, Additional Rent, or other sum required to be paid by it hereunder, such unpaid amounts shall bear interest from the due date thereof to the date of payment at a fluctuation rate equal to two percent (2%) per annum above the prime rate of interest charged by First Security Bank of Utah, Salt Lake City, Utah. In addition thereto, if any such annual rental, additional rent, or other sum is not paid within ten (10) days of its due date, Tenant shall pay a sum of five percent (5%) of such unpaid amounts as a service fee. Notwithstanding the foregoing, however, Landlord's right concerning such interest and service fee shall be limited by the maximum amount which may properly be charged by Landlord for such purposes under applicable law.

Past Due Sums; Penalty. If Tenant fails to pay, when the same is due and payable, any Basic Annual RentalRent, Additional Rent, or other sum required to be paid by it hereunder, such unpaid amounts shall bear interest from the due date thereof to the date of payment at a fluctuation fluctuating rate equal to two percent (2%) per annum above the prime rate of interest charged by First Security Bank of Utah, Salt Lake City, Utah. , In addition thereto, if any such annual rental, additional rent, or other sum is not paid within ten (10) days of its due date, Tenant shall pay a sum of five two and one half percent (52.5%) of such unpaid amounts amount as a service fee. Notwithstanding the foregoing, however, Landlord's right concerning such interest and service fee shall be limited by the maximum amount which may properly be charged by Landlord for such purposes under applicable lawlaw and shall not be compounded and shall not be compounded.

Past Due Sums; Penalty. If Tenant fails to pay, when the same is due and payable, any Basic Annual RentalRent, Additional Rent, or other sum required to be paid by it hereunder, such unpaid amounts shall bear interest from the due date thereof to the date of payment at a fluctuation fluctuating rate equal to two percent (2%) per annum above the prime rate of interest charged by First Security Bank of Utah, Salt Lake City, Utah. In addition thereto, if any such annual rental, additional rent, or other sum is not paid within ten (10) days of its due date, Tenant shall pay a sum of five percent (5%) of such unpaid amounts as a service fee. Notwithstanding the foregoing, however, Landlord's right concerning such interest and service fee shall be limited by the maximum amount which may properly be charged by Landlord for such purposes under applicable law.

Past Due Sums; Penalty. If Tenant fails to pay, when the same is due and payable, any Annual Rental, Additional Rent, or other sum required to be paid by it hereunder, such unpaid amounts shall bear interest from the due date thereof to the date of payment at a fluctuation fluctuating rate equal to two percent (2%) per annum above the prime rate of interest charged by First Security Bank of Utah, Salt Lake City, Utah. In addition thereto, if any such annual rental, additional rent, or other sum is not paid within ten (10) days after receipt of its due datewritten demand, Tenant shall pay a sum of five two percent (52%) of such unpaid amounts as a service fee. Notwithstanding the foregoing, however, Landlord's right concerning such interest and service fee shall be limited by the maximum amount which may properly be charged by Landlord for such purposes under applicable law.