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

INTEREST ON PAST-DUE OBLIGATIONS. Any amount due to Lessor not paid when due shall bear interest at the rate of eight percent (8%) per annum from the date due; provided, however, that any such payment of interest shall not excuse or correct any default by Lessee under this Lease.

Appears in 3 contracts

Samples: Net Lease Agreement (Scotts Liquid Gold Inc), Lease Agreement (Scotts Liquid Gold Inc), Lease Agreement (Scotts Liquid Gold Inc)

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INTEREST ON PAST-DUE OBLIGATIONS. Any Except as expressly herein provided, any amount due to Lessor not paid when due shall bear interest at the rate of eight percent (8%) 1O% per annum from the date due; provided, however, that any . Payment of such payment of interest shall not excuse or correct cure any default by Lessee under this Lease.. 16.5

Appears in 2 contracts

Samples: Industrial Building Lease (Futon World Inc), Industrial Building Lease (Futon World Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any Except as expressly herein provided, any amount due to Lessor not paid when due shall bear interest at the rate of eight percent (8%) 16% per annum from the date due; provided, however, that any due Payment of such payment of interest shall not excuse or correct cure any default by Lessee under this Lease.

Appears in 2 contracts

Samples: Imarx Therapeutics Inc, Imarx Therapeutics Inc

INTEREST ON PAST-DUE OBLIGATIONS. Any Except as expressly provided, any amount due to Lessor not paid when due shall bear interest at the rate of eight ten percent (810%) per annum from the date due; provided, however, that any due date. Payment of such payment of interest shall not excuse or correct cure any default by Lessee under this Lease.

Appears in 1 contract

Samples: Office Lease (Redding Bancorp)

INTEREST ON PAST-DUE OBLIGATIONS. Any Except as expressly herein provided, any amount due to Lessor not paid when due shall bear interest at the rate of eight percent (8%) 10% per annum from the date due; provided, however, that any . Payment of such payment of interest shall not excuse or correct cure any default by Lessee under this Lease.

Appears in 1 contract

Samples: Microhelix Inc

INTEREST ON PAST-DUE OBLIGATIONS. Any Except as expressly herein provided, any amount due to Lessor not paid when due shall bear interest at the lesser of 10% the maximum rate of eight percent (8%) per annum then allowable by law or judgments from the date due; provided, however, that any . Payment of such payment of interest shall not excuse or correct cure any default by Lessee under this Lease.

Appears in 1 contract

Samples: Office Lease (Advancepcs)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount due from Lessee to Lessor hereunder which is not paid when due shall bear interest at the rate of eight one and one half percent (81 1/2%) per annum month from the due date due; provideduntil paid, howeverunless otherwise specifically provided herein, that any such but payment of such interest shall not excuse or correct cure any default by Lessee under this Leaselease.

Appears in 1 contract

Samples: Office Lease (Allos Therapeutics)

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INTEREST ON PAST-DUE OBLIGATIONS. Any Except as expressly provided, any amount due to Lessor not paid when due shall bear interest at the rate of eight eighteen percent (818%) per annum from the date due; provided, however, that any due date. Payment of such payment of interest shall not excuse or correct cure any default by Lessee under this Lease.

Appears in 1 contract

Samples: Office Lease (California Independent Bancorp)

INTEREST ON PAST-DUE OBLIGATIONS. Any 33.1 Except as expressly herein provided, any amount due to Lessor not paid when due shall bear interest at the rate of eight ten percent (810%) per annum from the date due; provided, however, that any such payment . Payment of interest shall not excuse or correct cure any default by Lessee under this Lease.

Appears in 1 contract

Samples: Lease Agreement (Maxwell Laboratories Inc /De/)

INTEREST ON PAST-DUE OBLIGATIONS. Any Except as expressly herein provided, any amount due to Lessor not paid when due shall bear interest at the rate of eight Prime Rate plus seven percent (87%) per annum from the date due; provided, however, that any . Payment of such payment of interest shall not excuse or correct cure any default by Lessee under this Lease.

Appears in 1 contract

Samples: Work Letter Agreement (PLBY Group, Inc.)

INTEREST ON PAST-DUE OBLIGATIONS. Any amount due to Lessor not paid when due shall bear interest at the rate of eight two percent (82%) per annum month from the date due; provided, however, that any such payment payments of interest shall not excuse or correct any default by the Lessee under this Lease.

Appears in 1 contract

Samples: Net Lease Agreement (Cortech Inc)

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