Common use of RIGHT OF LANDLORD TO CURE TENANT’S DEFAULT; LATE PAYMENTS Clause in Contracts

RIGHT OF LANDLORD TO CURE TENANT’S DEFAULT; LATE PAYMENTS. If Tenant defaults in the making of any payment or in the doing of any act herein required to be made or done by Tenant, then after the expiration of any applicable notice and cure periods, after ten (10) days notice from Landlord, Landlord may, but shall not be required to, make such payment or do such act, and the amount of the expense thereof, if made or done by Landlord, with interest thereon at the rate of ten percent (10%) per annum, but not to exceed the highest lawful rate, from the date paid by Landlord, shall be paid by Tenant to Landlord and shall constitute additional rent hereunder due and payable with the next monthly installment of rent; but the making of such payment or the doing of such act by Landlord shall not operate to cure such default or to stop Landlord from the pursuit of any remedy to which Landlord would otherwise be entitled. If Tenant fails to pay any installment of rent on or before the first day of the calendar month when such installment is due and payable, such unpaid installment shall bear interest at the rate of ten percent (10%) per annum, but not to exceed the highest lawful rate, from the date such installment became due and payable to the date of payment thereof by Tenant. Such interest shall constitute additional rent hereunder due and payable with the next monthly installment of rent. In addition, Tenant shall pay to Landlord, as a "late charge," four percent (4%) of any payment herein required to be made by Tenantwhich is more than ten (10) days late to cover the costs of collecting amounts past due.

RIGHT OF LANDLORD TO CURE TENANT’S DEFAULT; LATE PAYMENTS. If Tenant defaults in the making of any payment or in the doing of any act herein required to be made or done by Tenant, then after the expiration of any applicable notice and cure periods, after ten twenty (1020) days notice from Landlord, Landlord may, but shall not be required to, make such payment or do such act, and the amount of the cost and expense thereof, if made or done by Landlord, with interest thereon at the rate of ten percent Default Interest Rate (10%hereafter defined) per annum, but not to exceed the highest lawful rate, from the date paid by Landlord, shall be paid by Tenant to Landlord and shall constitute additional rent rental hereunder due and payable with the next monthly installment of rentfixed monthly rental; but the making of such payment or the doing of such act by Landlord shall not operate to cure such default or to stop estop Landlord from the pursuit of any remedy to which Landlord would otherwise be entitled. If Tenant fails to pay any installment of rent rental on or before within five (5) days after the first day of the calendar month when such installment is due and payable, such unpaid installment shall bear interest at the rate of ten percent (10%) per annum, but not to exceed the highest lawful rate, Default Interest Rate from the date which is five (5) days after the date when such installment became due and payable to the date of payment thereof by Tenant. Such interest shall constitute additional rent hereunder due and payable with the next monthly installment of rent. In addition, Tenant shall pay to Landlord, as a "late charge," four percent (4%) of any payment herein required to be made by Tenantwhich Tenant which is more than ten (10) days late to cover the costs of collecting amounts past due. Such interest and late charge shall constitute additional rental hereunder due and payable with the next installment of fixed monthly rental. For purposes hereof, the Default Interest Rate shall be the prime interest rate charged by Xxxxx National Bank during the period of such default plus two percent (2%) per annum.

RIGHT OF LANDLORD TO CURE TENANT’S DEFAULT; LATE PAYMENTS. If Tenant defaults in the making of any payment or in the doing doings of any act herein required to be made or done by Tenant, then after the expiration of which default is not cured within any applicable notice and cure periodsperiod, then after ten (10) days prior written notice from Landlord, Landlord may, but shall not be required to, make such payment payments or do such act, and the amount of the reasonable and appropriate expense thereof, if made or done by Landlord, with interest thereon at the then prime rate of ten percent (10%) per annum, but not to exceed the highest lawful ratecharged by Xxxxx National Bank, from the date paid by Landlord, shall be paid by Tenant to Landlord and shall constitute additional rent Additional Rent hereunder due and payable with the next monthly installment of rent; but the making of such payment or the doing of such act by Landlord shall not operate to cure such default Default or to stop estop Landlord from the pursuit of any remedy to which Landlord would otherwise be entitled. If Tenant fails to pay any installment of rent on or before the first day of the calendar month when such installment is due and payablepayable and such failure is not cured within the applicable notice and/or cure period, such unpaid installment shall bear interest at the then prime rate of ten percent (10%) per annum, but not to exceed the highest lawful ratecharged by Xxxxx National Bank, from the date such installment became due and payable to the date of payment thereof by Tenant. If Xxxxx National Bank ceases to publish a prime rate, interest shall be at the prime rate charged by Citibank, F.S.B. Such interest shall constitute additional rent Additional Rent hereunder due and payable with the next monthly installment of rent. In addition, Tenant shall pay to Landlord, as a "late charge," four five percent (45%) of any payment herein required to be made by Tenantwhich Tenant which is more than ten (10) days late to cover the costs of collecting amounts accounts past due.

RIGHT OF LANDLORD TO CURE TENANT’S DEFAULT; LATE PAYMENTS. If Tenant defaults in the making of any payment or in the doing of any act herein required to be made or done by Tenant, then after the expiration of any applicable notice and cure periods, after ten (10) days business days’ notice from Landlord, Landlord may, but shall not be required to, make such payment or do such act, and the actual amount of the cost and expense thereof, if made or done by Landlord, with interest thereon at the rate of ten percent Default Interest Rate (10%hereafter defined) per annum, but not to exceed the highest lawful rate, from the date paid by Landlord, shall be paid by Tenant to Landlord and shall constitute additional rent Additional Rent hereunder due and payable with the next monthly installment of rentMonthly Base Rent; but the making of such payment or the doing of such act by Landlord shall not operate to cure such default or to stop Landlord from the pursuit of any remedy to which Landlord would otherwise be entitled. If Tenant fails to pay any installment of rent rental on or before within five (5) business days after the first day of the calendar month when such installment is due and payable, such unpaid installment shall bear interest at the rate of ten percent (10%) per annum, but not to exceed the highest lawful rate, Default Interest Rate from the date which is five (5) days after the date when such installment became due and payable to the date of payment thereof by Tenant. Such interest shall constitute additional rent hereunder due and payable with the next monthly installment of rent. In addition, Tenant shall pay to Landlord, as a "“late charge," ” four percent (4%) of any payment herein required to be made by Tenantwhich Tenant which is more than ten (10) days late to cover the costs of collecting amounts past due. Such interest and late charge shall constitute Additional Rent hereunder due and payable with the next installment of Monthly Base Rent. Notwithstanding the foregoing, Landlord agrees to waive such late charge and interest on one (1) occasion in any calendar year so long as Tenant remits payment of such past due Rent in full to Landlord within five (5) business days after written notice from Landlord that such Rent is past due. For purposes hereof, the Default Interest Rate shall refer to the prime rate on corporate loans quoted in the Wall Street Journal (the “Prime Rate”) plus two percent (2%).

RIGHT OF LANDLORD TO CURE TENANT’S DEFAULT; LATE PAYMENTS. If Tenant defaults in the making of any payment or in the doing of any act herein required to be made or done by Tenant, then after the expiration of any applicable notice and cure periods, after ten (10) days business days’ notice from Landlord, Landlord may, but shall not be required to, make such payment or do such act, and the actual amount of the cost and expense thereof, if made or done by Landlord, with interest thereon at the rate of ten percent Default Interest Rate (10%hereafter defined) per annum, but not to exceed the highest lawful rate, from the date paid by Landlord, shall be paid by Tenant to Landlord and shall constitute additional rent Additional Rent hereunder due and payable with the next monthly installment of rentMonthly Base Rent; but the making of such payment or the doing of such act by Landlord shall not operate to cure such default or to stop Landlord from the pursuit of any remedy to which Landlord would otherwise be entitled. If Tenant fails to pay any installment of rent rental on or before within five (5) business days after the first day of the calendar month when such installment is due and payable, such unpaid installment shall bear interest at the rate of ten percent (10%) per annum, but not to exceed the highest lawful rate, Default Interest Rate from the date which is five (5) days after the date when such installment became due and payable to the date of payment thereof by Tenant. Such interest shall constitute additional rent hereunder due and payable with the next monthly installment of rent. In addition, Tenant shall pay to Landlord, as a "“late charge," ” four percent (4%) of any payment herein required to be made by Tenantwhich Tenant which is more than ten (10) days late to cover the costs of collecting amounts past due.. Such interest and late charge shall constitute Additional Rent hereunder due and payable with the next installment of Monthly Base