Common use of INTEREST ON PAST-DUE OBLIGATIONS Clause in Contracts

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten percent (10%) per annum or the maximum rate permitted by applicable law. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 7 contracts

Samples: Office Lease (ProNAi Therapeutics Inc), Standard Office Lease (Motivating the Masses Inc), Work Letter Agreement (Ign Entertainment Inc)

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INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten percent (10%) per annum annum, or the maximum rate permitted by applicable law. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 6 contracts

Samples: Landlord and Tenant Acknowledge That They Have Carefully Read and Reviewed This Lease and Each Term and Provision Contained Herein And (Echo Therapeutics, Inc.), Office Lease (Vector Group LTD), Lease (Rexahn Pharmaceuticals, Inc.)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten percent (10%) percent per annum or from the maximum rate permitted by applicable lawdate due. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 5 contracts

Samples: Lease Agreement (Larscom Inc), Agreement (Esterline Technologies Corp), Agreement (Esterline Technologies Corp)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due and payable hereunder to Landlord that is not paid when due shall bear interest from the date due until paid at the lesser rate of ten percent one (10%1) per annum or point over the maximum prime rate permitted as set by applicable lawthe Wall Street Journal from time to tome. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest . Interest shall not be payable on late charges incurred by Tenant Tenant, nor on any amounts upon which late charges are paid by Tenant.

Appears in 4 contracts

Samples: Imarx Therapeutics Inc, Imarx Therapeutics Inc, Imarx Therapeutics Inc

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten (i) eighteen percent (1018%) per annum or (ii) the maximum rate permitted by applicable law, from the date due until the date such amount is paid. Payment of such interest shall be made when such amount is paid. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Teletech Holdings Inc), Lease Agreement (New Directions Manufacturing Inc), Pegasus Solutions Inc

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid within five (5) days of when due shall bear interest at the lesser of ten percent (10%) per annum annum, or the maximum rate permitted by applicable law. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 3 contracts

Samples: Lease (Regenerx Biopharmaceuticals Inc), Wilshire Enterprises Inc, Visual Networks Inc

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten percent (10%) per annum or the maximum rate permitted then allowable by applicable lawlaw or judgments from the date due. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 3 contracts

Samples: Office Lease (Obagi Medical Products, Inc.), Office Lease (Obagi Medical Products, Inc.), Office Lease (Obagi Medical Products, Inc.)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any Any amount due not paid by Tenant to Landlord that is not paid when due shall bear interest (“Interest Rate”) from the date due at the lesser of (a) ten percent (10%) per annum or (b) the maximum rate permitted than allowable by applicable law, except that interest shall not be payable on any late charge. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 3 contracts

Samples: Building Lease Agreement (Artes Medical Inc), Building Lease Agreement (Artes Medical Inc), Building Lease Agreement (Artes Medical Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten percent (10%) per annum or from the maximum rate permitted by applicable lawdate due. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; , provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 2 contracts

Samples: Lease (Vu1 CORP), Lease (Real Goods Trading Corp)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser rate of ten eighteen percent (1018%) per annum or the maximum interest rate permitted by applicable law. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 2 contracts

Samples: Lease by And (Cambex Corp), Brooks Automation Inc

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid within five (5) days of the date when due shall bear interest at the lesser of ten percent (10%) per annum or the maximum rate permitted by applicable law. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 2 contracts

Samples: NNN Lease (SutroVax, Inc.), Vaxcyte, Inc.

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten percent (10%) per annum or the maximum rate permitted then allowable by applicable lawlaw from the date due. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; , provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by TenantXxxxxx.

Appears in 2 contracts

Samples: Work Agreement, www.gusd.net

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten twelve percent (1012%) percent per annum or the maximum rate permitted by applicable law. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 2 contracts

Samples: NameMedia, Inc., NameMedia, Inc.

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein providedprovided to the contrary, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten percent (10%) per annum or the maximum rate permitted then allowable by applicable lawlaw from the date due. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; , provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 2 contracts

Samples: Industrial Lease Agreement (Quaker Fabric Corp /De/), Industrial Lease Agreement (Emerson Radio Corp)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any Any amount due from Tenant to Landlord that hereunder which is not paid when due shall bear interest at the lesser of ten percent fifteen (1015%) percent per annum or from the maximum rate permitted by applicable law. Payment date due until paid, unless otherwise specifically provided herein, but the payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 2 contracts

Samples: Lease Agreement (Advanced Photonix Inc), Lease Agreement (Integral Vision Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any Any amount due from Tenant to Landlord that hereunder which is not paid when due shall bear interest at the lesser of ten the maximum rate allowed by law and the rate of eighteen percent (1018%) per annum or from the maximum rate permitted by applicable law. Payment due date until paid, unless otherwise specifically provide herein, but the payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenantlease.

Appears in 2 contracts

Samples: General Office Lease (Micron Electronics Inc), General Office Lease (Micron Electronics Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein providedprovided herein, any amount due to Landlord that which is not paid when due shall bear interest at the lesser of ten percent Default Interest Rate (10%) per annum or as defined in Section 20.2(a)), but in no event greater than the maximum rate amount permitted by to be contracted for under applicable law. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 2 contracts

Samples: Lease Agreement (Tribune Co), Lease Agreement (Times Mirror Co /New/)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten percent (10%) per annum or the maximum rate permitted then allowable by applicable lawlaw on judgments from the date due. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Office Lease (Omp Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten percent (10%) per annum or the maximum rate permitted then allowable by applicable lawlaw from the date due. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Industrial Lease (Aftermarket Technology Corp)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten six percent (106%) per annum or the maximum rate permitted by applicable law. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Work Letter Agreement (Universal Electronics Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten percent (10%) per annum or the maximum rate permitted by applicable lawannum. Payment of such interest shall not excuse or cure any default Event of Default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Office Lease (Redaptive, Inc.)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten twelve percent (1012%) per annum or the maximum rate permitted then allowable by applicable lawlaw from the date due. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Industrial Lease Dated (Hansen Natural Corp)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten percent (10%) per annum or the maximum rate permitted then allowable by applicable lawApplicable Law from the date due until paid. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; , provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by TenantXxxxxx.

Appears in 1 contract

Samples: Work Agreement

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is or Tenant not paid when due due, shall bear interest at the lesser of ten percent (10%) per annum or the maximum rate permitted then allowable by applicable lawlaw from the date due. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Industrial Lease (Metatec International Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten nine percent (109%) per annum or from the maximum rate permitted by applicable lawdate due. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; , provided, however, that interest shall not be payable on interest or late charges incurred by Tenant nor on any amounts upon which interest or late charges are paid by Tenant.

Appears in 1 contract

Samples: Net Lease (MGP Ingredients Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten percent twelve (1012%) percent per annum or the maximum rate permitted by applicable law. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Work Letter Agreement (Oxigene Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser rate of ten percent (10%) percent per annum or from the maximum rate permitted by applicable lawdate due. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Sabratek Corp

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, provided any amount due to Landlord that is and not paid when due shall bear interest at the lesser maximum legal rate, or if no legal rate, at the rate of ten one percent (101%) per annum or month from the maximum rate permitted by applicable lawdate due until paid. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Business Property Lease Agreement (Scripps Financial Corp)

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INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is and not paid when due shall bear interest at the lesser a rate of ten percent (10%) per annum or annually from the maximum rate permitted by applicable lawdate due. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Tenant Lease Agreement (Wireless Ronin Technologies Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten (i) fifteen percent (1015%) per annum or (ii) the maximum rate permitted by applicable law, from the date due until the date such amount is paid. Payment of such interest shall be made when such amount is paid. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Maxam Gold Corp

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein providedprovided herein, any amount due to Landlord that is not paid when due shall bear interest interest, from the date due until paid in full, at the lesser of (a) ten percent (10%) per annum or (b) the maximum rate permitted then allowable by applicable lawLaw. Payment of such interest shall not excuse or cure any default Event of Default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Lease (Xencor Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten (i) fifteen percent (1015%) per annum or (ii) the maximum rate then permitted by applicable law. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Office Lease (Pacific Crest Capital Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten percent eighteen (1018%) percent per annum or the maximum rate permitted by applicable law. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Medicines Co /De

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten fourteen percent (1014%) per annum or from the maximum rate permitted by applicable lawdue date. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor Tenant. Interest, however, shall be payable on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Office Lease (Quespasa Com Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten percent fifteen (1015%) percent per annum or from the maximum rate permitted by applicable lawdue date. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Lease Agreement (Cold Metal Products Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten eighteen percent (1018%) per annum or the maximum rate permitted by applicable law. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Noosh Inc

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten percent (10%) per annum or the maximum rate permitted by applicable law. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by TenantTxxxxx.

Appears in 1 contract

Samples: Standard Office Lease (Auxilio Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due due, shall bear interest at the lesser of ten maximum rate then allowable by law from the date due not to exceed fourteen percent (1014%) per annum or the maximum rate permitted by applicable law). Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Industrial Lease (Nexar Technologies Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is are not paid when due shall bear interest at the lesser of ten twelve percent (1012%) per annum or the maximum rate permitted allowable by applicable lawlaw from the due date. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Commercial Lease

INTEREST ON PAST-DUE OBLIGATIONS. Except as otherwise expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten percent (10%) per annum or the maximum rate permitted then allowable by applicable lawlaw from the date due. Payment of such interest shall not hot excuse or cure any default by Tenant under this Lease; , provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Lease (Telco Systems Inc /De/)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest from the date due at the lesser of ten percent (10%) 12% per annum or the maximum rate permitted then allowable by applicable law, whichever is less. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Work Letter Agreement (Corixa Corp)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten percent (10%i) 18% per annum or (ii) the maximum rate permitted by applicable law, from the date due until the date such amount is paid. Payment of such interest shall be made when such amount is paid. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Lease Agreement (High Plains Gas, Inc.)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of ten percent eighteen (1018%) percent per annum or the maximum rate permitted by applicable law. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Storagenetworks Inc

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due shall bear interest at the lesser of (i) ten percent (10%) per annum or (ii) the maximum rate permitted by applicable law, from the date due until the date such amount is paid. Payment of such interest shall be made when such amount is paid. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Iasis Healthcare Corp

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any Any amount due to Landlord that is not paid when due shall bear interest at the lesser rate of ten fifteen percent (1015%) per annum or from the maximum date due or, if said rate is not a lawful one, the highest rate permitted by applicable law. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by assessed against Tenant.

Appears in 1 contract

Samples: Lease Agreement (Poore Brothers Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any Any amount due and owing to Landlord that is not paid when due shall will bear interest at the lesser lower of ten 12 percent (10%) per annum or the maximum highest rate permitted by applicable law. Payment of such interest shall will not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall . Interest will not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Samples: Bridgepoint Education Inc

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