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 bear interest from the due date thereof to the date of payment at a rate per annum which is five (5) percentage points in excess of the minimum lending rate to prime commercial borrowers current at such time charged by any Canadian chartered bank designated by the Landlord from time to time.

Rent Past Due. If the Tenant fails to pay, when the same is due and payable, pay any Basic Rent, Rent or Additional Rent or other amount payable by when due, the Tenant under this Lease, such unpaid amounts bear interest from the due date thereof to the date of payment at a an annual rate per annum which is of five (5) percentage points in excess of above the minimum lending rate to prime commercial borrowers current at such that time charged by any Canadian the Landlord's chartered bank designated by the Landlord from time to timein Toronto, calculated and compounded monthly.

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 bear interest from the due date thereof to the date of payment in full at a rate per annum which is five (5) percentage points in excess of the minimum lending rate to prime commercial borrowers current at such time charged by any Canadian chartered bank designated by the Landlord from time to time.