Past Due Payments definition

Past Due Payments. In the event any Base Rent, Additional Rent, or other payment owing from Subtenant to Sublandlord pursuant to this Sublease shall become overdue for a period in excess of three (3) days, such unpaid amount shall bear interest from the due date thereof to the date of payment at the Interest Rate.
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Past Due Payments means any money that Tenant owes to Owner that is not paid as of the first day of the Deferral Period.
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Examples of Past Due Payments in a sentence

  • Step 7 – Discuss Past Due Payments Past Due Payments – Provide the grace period (number of days) before a late charge is due if the tenant is late with rent payments.

  • Past Due Payments received for payoffs will be credited to satisfaction of the obligation under subparagraph 2(a).

  • Lender will not release the certificate of title to a vehicle unless it receives the complete payoff of all amounts including Past Due Payments attributable to that vehicle.

  • Provided that no further defaults occur under this Agreement or the Loan Documents, upon payment of the entire $1,200,000, Borrower's and Guarantor's obligations to Lender on account of the Past Due Payments shall be discharged on account of such Past Due Payments.

  • Upon default under this Agreement or further default under the Loan Documents, the entire amount of Past Due Payments as identified in Recital paragraph Q, less any payments received, together with interest and other charges from such payment due dates shall be due and owing.

  • You will need to use the Plan Deferment option for the plans including the Master Plan to adjust the Past Due Payments.

  • The Company reaffirms these amounts are due and will provide ▇▇▇▇▇▇ with a payment schedule for such Past Due Payments once the Company ensures sufficient funding to meet this obligation.

  • Past Due Payments This agreement entered into this day of August, 2004 by and between the Town of Medfield, a municipal corporation duly organized and existing under the laws of the Commonwealth of Massachusetts, acting by and through its Board of Selectmen, hereinafter called the “Town” or the “Municipal Employer” and the Medfield Police League and unincorporated Association, its officers and members jointly and severally, hereinafter called the “League”.

  • Past Due Payments...........................................................

  • Step 5: Past Due Payments - Establish a grace period before late charges apply, along with any additional interest charges for prolonged delays.

Related to Past Due Payments

  • Past Due means when either Party fails to remit payment for any charges by the Bill Due Date, or if payment for any portion of the charges is received from either Party after the Bill Due Date, or if payment for any portion of the charges is received in funds which are not immediately available to Billing Party as of the Bill Due Date (individually and collectively means Past Due).

  • Past Due Rate means the lesser of (a) with respect to (i) any payment made to a Noteholder under any Series of Equipment Notes, the Debt Rate then applicable to such Series plus 1% and (ii) any other payment made under any Operative Document to any other Person, the Debt Rate plus 1% (computed on the basis of a year of 360 days comprised of twelve 30-day months) and (b) the maximum rate permitted by applicable law.

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Unscheduled Payments With respect to any Distribution Date, all payments and collections received with respect to the Whole Loan or upon foreclosure or liquidation of the Property (net of related foreclosure expenses and Liquidation Expenses) during the related Collection Period including, but not limited to, prepayments due to acceleration of the Whole Loan, Net Liquidation Proceeds, Net Foreclosure Proceeds, Condemnation Proceeds, Insurance Proceeds, voluntary prepayments and other payments and collections on the Trust Loan or Whole Loan, as applicable, not scheduled to be received, other than Monthly Payments or any Balloon Payment.

  • Scheduled Payments has the meaning specified in the Note Policy.