Penalty for Non-Payment. In addition and without prejudice to any other right, power or remedy of the Landlord if the Rent and Service Charge hereby reserved or any part thereof or any monies payable by the Tenant to the Landlord in connection with the tenancy herein shall at any time remain unpaid for fourteen (14) days after the same shall have become due (whether any formal demand therefor shall have been made or not) then the Tenant shall pay to the Landlord penalty at the interest rate of twelve per cent (12%) commencing on the date on which such monies fall due for payment up to the date on which such monies are actually paid to the Landlord. The Landlord shall be entitled to recover any monies payable by the Tenant to the Landlord in connection with this Tenancy Agreement and such penalty on the Rent and/or such monies payable as aforesaid as if such monies payable and such penalty were rent in arrears.
Penalty for Non-Payment. In the event the Purchasers fails to make any payment of the Maintenance Charges within the due date therefor (hereafter the "Default Amount"), the Purchasers shall be liable to pay interest at the rate of 2% (two percent) per month on the Default Amount from the due date of its payment till its entirety and the interest thereon is paid. The First Owner and Second Owner, and the Association after it, will further become entitled to recover such amount from the Security Deposit. In such an event, amount so recovered from the Security Deposit till such time the entirety of its amount together with interest thereon is paid by the Purchasers, the above interest will continue to run. In the event the Purchasers fails to pay the Default Amount and the interest thereon within 2 (two) months from the due date of payment, the First Owner and Second Owner, and the Association after it, may withdraw, restrict or disconnect any of the services available in the Building to the Purchasers. In such a case, the First Owner and Second Owner, and the Association after it, may also require the Purchasers to provide additional interest free security deposit before the restoration of services. In the event the First Owner and Second Owner, or the Association after it, withdraws any of the facilities, the Purchasers hereby specifically covenant not to use such facility so withdrawn nor demand restoration of the same till such time the entire dues along with interest therein are paid.
Penalty for Non-Payment. In the event that the Company fails to timely make any payments due Consultant hereunder, which shall in all cases be within ten days after payment is due or if no due date is specified, within ten days after receipt of invoice from Consultant, then and in such event, the amount due shall include an immediate penalty equal to 50% of the accrued amounts due plus an additional aggregating penalty equal to 10% of the accrued amounts due for each month unpaid.
Penalty for Non-Payment. A. Failure on the part of the Customer Community to pay to the City of Mankato the payments specified above in Article XIII shall render such unpaid amount delinquent; and in the event such non-payment continues for a period of more than sixty (60) days after the due date, such delinquent amount shall bear interest at an annual rate of six percent (6%). The City of Mankato shall have and hereby reserves the right to enforce payment against the Customer Community by appropriate proceedings at law or in equity in any court of competent jurisdiction. All costs incurred by the City of Mankato in connection with collecting such delinquent accounts shall be paid by the Customer Community.
Penalty for Non-Payment. In the event the Purchaser fails to make payment of any of the Maintenance Charges within the due date therefor (hereafter the "Default Amount"), the Purchaser shall be liable to pay interest at the rate of 2% (two percent) per month on the Default Amount from the due date of its payment till its entirety and the interest thereon is paid. The Vendor, the Committee or the Association, as the case may be, will further become entitled to recover such amount from the Security Deposit. In such an event, the amount so recovered from the Security Deposit till such time the entirety of its amount together with interest thereon is paid by the Purchaser, the above interest will continue to accrue. In the event the Purchaser fails to pay the Default Amount and the interest thereon within 2 (two) months from the due date of payment, the Vendor, the Committee or the Association, as the case may be, may withdraw, restrict or disconnect any of the services available in the Tower-I to the Purchaser. In such a case, the Vendor, the Committee or the Association, as the case may be, may also require the Purchaser to provide additional interest free security deposit before the restoration of services. In the event the Vendor, the Committee or the Association, as the case may be, withdraws any of the facilities, the Purchaser do hereby specifically covenant not to use any of the withdrawn facilities nor demand restoration of the same till such time the entire amounts demanded and the amount of the interests are paid.
