Common use of Rent Past Due Clause in Contracts

Rent Past Due. If the Lessee fails to pay, when the same is due and payable, any Gross Rent, Additional Rent or other amount payable by the Lessee under this Lease, such unpaid amounts shall bear interest from the due date thereof to the date of payment, compounded monthly at the rate equal to four (4) percentage points in excess of the Prime Rate.

Rent Past Due. If the Lessee fails shall fail to pay, pay any Rent when the same is due and payable, any Gross Rent, Additional Rent or other amount payable by the Lessee under this Lease, such unpaid amounts amount shall bear interest from at the due date thereof to the date rate of payment, compounded twelve percent (12.0%) per annum (calculated monthly at the rate equal of one percent (1.0%), such interest to four (4) percentage points in excess of be calculated from the Prime Ratetime such Rent becomes due until paid by the Lessee.

Rent Past Due. If the Lessee fails to pay, when the same is due and payable, any Gross Rent, Additional Rent rent or other amount payable by the Lessee under this Lease, such unpaid amounts shall bear interest from the due date thereof to the date of payment, compounded monthly at the rate equal to four (4) percentage points in excess of the Prime Rate.