Common use of RENT & LATE CHARGE Clause in Contracts

RENT & LATE CHARGE. Lessee agrees to pay directly to Lessor at the above address or to Lessor's Assignee the rental payments plus any interim rent as specified on the Equipment Schedule together with all other amounts which may become due under this Lease (the "Rent"). All Rent shall be paid without notice or demand. If any Rent is not received within 5 days of the date due, Lessor may charge and Lessee shall be obligated to pay a late charge in the amount specified on the Equipment Schedule, or, if none is so specified, 5% of the delinquent amount.

Appears in 1 contract

Samples: Master Equipment Lease Agreement (CVC Inc)

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RENT & LATE CHARGE. Lessee agrees to pay directly to Lessor at the above address or to Lessor's Assignee ’s assignee the rental payments plus any interim rent as specified on the Equipment Schedule together with all other amounts which may become due under this Lease (the "Rent"). All Rent shall be paid without notice notice, setoff or demand. If any Rent is not received within 5 five (5) days of the date duedue date, Lessor may charge and Lessee shall be obligated to pay a late charge in the amount specified on the Equipment Schedule, or, if none is so specified, five percent (5% %) of the delinquent amount.

Appears in 1 contract

Samples: Master Equipment Lease (Sagemark Companies LTD)

RENT & LATE CHARGE. Lessee agrees to pay directly to Lessor at the above address or to Lessor's Assignee ’s assignee the rental payments plus any interim rent as specified on the Equipment Schedule together with all other amounts which may become due under this Master Equipment Lease (the "Rent"). All Rent shall be paid without notice notice, setoff or demand. If any Rent is not received within 5 five (5) days of the date duedue date, Lessor may charge and Lessee shall be obligated to pay a late charge in the amount specified on the Equipment Schedule, or, if none is so specified, five percent (5% %) of the delinquent amount.

Appears in 1 contract

Samples: Master Equipment Lease (Iec Electronics Corp)

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RENT & LATE CHARGE. Lessee agrees to pay directly to Lessor at the above address or to Lessor's Assignee ’s assignee the rental payments plus any interim rent as specified on the Equipment Schedule together with all other amounts which may become due under this Lease (the "Rent"). All Rent shall be paid without notice notice, setoff or demand. If any Rent is not received within 5 ten (10) days of the date duedue date, Lessor may charge and Lessee shall be obligated to pay a late charge in the amount specified on the Equipment Schedule, or, if none is so specified, five percent (5% %) of the delinquent amount.

Appears in 1 contract

Samples: Master Equipment Lease (Martek Biosciences Corp)

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