Common use of Rent Past Due Clause in Contracts

Rent Past Due. If the Tenant fails to pay any Rent when due, then, in addition to all other rights and remedies available to the Landlord, the unpaid amounts will bear interest from the due date to the date of payment at an annual rate of four (4) percentage points above the Prime Rate, calculated and compounded monthly or, at the Landlord's option, at the maximum annual rate permitted by law.

Appears in 2 contracts

Samples: Office Lease (Delano Technology Corp), Infowave Software Inc

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Rent Past Due. If the Tenant fails to pay any Rent when due, then, in addition to all other rights and remedies available to the Landlord, the unpaid amounts will bear interest upon demand from the due date to the date of payment at an annual rate of four (4) percentage points above the Prime Rate, calculated and compounded monthly or, at the Landlord's option, at the maximum annual rate permitted by lawmonthly.

Appears in 1 contract

Samples: Industrial Lease (Iron Age Corp)

Rent Past Due. If the Tenant fails to pay any Basic Rent or Additional Rent when due, then, in addition to all other rights and remedies available to the Landlord, the unpaid amounts will bear interest from the due date to the date of payment at an annual rate of four five (45) percentage points above the Prime Rateminimum lending rate to prime commercial borrowers current at that time charged by the Landlord's chartered bank, calculated and compounded monthly or, at the Landlord's option, at the maximum annual rate permitted by lawmonthly.

Appears in 1 contract

Samples: General Security Agreement (Geac Computer Corp LTD)

Rent Past Due. If the Tenant fails to pay any Rent when due, then, in addition to all other rights and remedies available to the Landlord, the unpaid amounts will bear interest from the due date to the date of payment at an annual rate of four five (45) percentage points above the Prime Rate, calculated and compounded monthly or, minimum lending rate charged to prime commercial borrowers current at that time charged by the Landlord's optionchartered bank, at the maximum annual rate permitted by lawcalculated per diem and compounded monthly.

Appears in 1 contract

Samples: Lease (Tucows Inc /Pa/)

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Rent Past Due. If the Tenant fails to pay any Rent when due, due then, in addition to all other rights and remedies available to the Landlord, the unpaid amounts will shall, upon demand from the Landlord, bear interest from the due date to the date of payment at of an annual rate of four (4) percentage points above the Prime Rate, calculated and compounded monthly or, at the Landlord's option, at the maximum annual rate permitted by lawmonthly.

Appears in 1 contract

Samples: Lease (Vialta Inc)

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