Common use of Rent Past Due Clause in Contracts

Rent Past Due. If the Tenant fails to pay, when the same is due and payable, any Basic Rent, Additional Rent or other amount payable by the Tenant under this Lease, such unpaid amounts shall bear interest at an annual rate which, as determined by the Landlord, will be up to five (5) percentage points above the prime bank commercial interest lending rate charged at such time by the Landlord's chartered bank pro-rated from the due date thereof to the date of payment, subject to monthly compounding.

Rent Past Due. If the Tenant fails to pay, when the same is due and payable, any Basic Rent, Additional Minimum Rent or other amount payable by the Tenant under this LeaseLease including Additional Rent as defined in 4.03, such unpaid amounts shall bear interest at an annual rate which, as determined by the Landlord, will be up to five (5) percentage points above the prime bank commercial interest lending rate charged at such time by the Landlord's chartered bank pro-rated from the due date thereof to the date of paymentpayment at the prime rate of interest as fixed, subject from time to monthly compoundingtime, by the Landlord's bank plus two per cent (2%).

Rent Past Due. ‌ If the Tenant fails to pay, pay when the same is due and payable, any Basic Rent, Additional Rent or any other amount payable by the Tenant under this Lease, such unpaid amounts or pays an amount which is found to be less than the amount properly due, the Tenant shall bear pay interest at an annual rate which, as determined by the Landlord, will be up to of five percent (5%) percentage points above the prime bank commercial floating rate of interest lending rate charged at such time quoted by the Landlord's chartered bank pro-rated from as its "prime rate" (the due date thereof "Prime Rate"). Whenever such interest is to the date be calculated over a period in excess of paymentone year, subject to monthly compoundingit shall be compounded annually.