Common use of Late Charges Clause in Contracts

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, if any installment of Rent or other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 3 contracts

Samples: Pacific Biosciences of California Inc, Pacific Biosciences of California Inc, Pacific Biosciences of California Inc

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Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Minimum Rent and other sums scheduled Additional Rent due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent or other sum due from Tenant shall not be received by Landlord or Landlord’s designee (a) within five (5) days after receipt of notice that such amount shall be duehas not been paid when due (if notice is required pursuant to Section 21(b)) or (b) within ten (10) days of when due (if no notice is required), then, without any requirement for notice to Tenant, then Tenant shall pay to Landlord a late charge equal to five percent (5% %) of such overdue amount; providedthe installment or $500, howeverwhatever is greater, the foregoing late charge shall not be applicable plus any attorney fees incurred by Landlord by reason of Tenant’s failure to the first (1st) instance of late payment of pay Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentwhen due hereunder. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by of Tenant. Acceptance of such late charge charges by Landlord shall in no event constitute a waiver of Tenant’s Default default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 3 contracts

Samples: Lease (VCG Holding Corp), Lease (VCG Holding Corp), Lease (VCG Holding Corp)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Base Monthly Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be is extremely difficult to ascertain. Such costs include, include but are not limited to: administrative, processing processing, accounting, and accounting chargeslate charges which may be imposed on Landlord by the terms of any contract, revolving credit, mortgage, or trust deed covering the Premises. Accordingly, if any installment of Base Monthly Rent or other sum due from Tenant shall not be received by Landlord or Landlord’s its designee within five (5) days after such amount shall be written notice that rent is due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to five (5% %) percent of such overdue amount; provided, however, the foregoing which late charge shall not be applicable to due and payable on the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentsame date that the overdue amount was due. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant, excluding interest and attorneys fees and costs. If any rent or other sum due from Tenant remains delinquent for a period in excess of thirty (30) days then, in addition to such late charge, Tenant shall pay to Landlord interest on any rent that is not paid when due at the Agreed Interest Rate specified in Section 19.J following the date such amount became due until paid. Acceptance by Landlord of such late charge by Landlord shall in no event not constitute a waiver of Tenant’s Default default with respect to such overdue amount, amount nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In additionthe event that a late charge is payable hereunder, should Landlord be unable whether or not collected, for three (3) consecutive installments of Base Monthly Rent, then the Base Monthly Rent shall automatically become due and payable quarterly in advance, rather than monthly, notwithstanding any provision of this Lease to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)contrary.

Appears in 2 contracts

Samples: Lease (Data Domain, Inc.), Lease (Data Domain, Inc.)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and the Monthly Base Rent, Tenant's share of Operating Expenses or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, administrative, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Project. Accordingly, if any installment of Rent the Monthly Base Rent, Operating Expenses, or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days after such amount shall be due, then, without any requirement for notice to Tenant, ,Tenant shall pay to Landlord a late charge equal to five percent (5% %) of such overdue amount; provided, however, the foregoing . Landlord shall hereby grant Tenant one (1) free mistake in any twelve (12) month period whereby no late charge shall not be applicable to assessed on the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentoverdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 2 contracts

Samples: Work Letter Agreement (Convera Corp), Letter Agreement (Convera Corp)

Late Charges. Tenant hereby acknowledges that late payment payments by Tenant to Landlord of Minimum Rent and all other sums due amounts provided to be paid hereunder will shall cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be are extremely difficult and impractical to ascertaindetermine. Such costs include, but are not limited towithout limitation, processing and accounting chargescharges and late charges that may be imposed on Landlord by the terms of any encumbrances and notes secured by any encumbrances covering the Leased Premises, or late charges and penalties by virtue of late payments of taxes due on the Leased Premises. AccordinglyTherefore, if any installment of Minimum Rent or any other sum amount due from Tenant shall is not be received by Landlord or Landlord’s designee within five ten (510) days after such amount shall be of the date due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord an additional sum of ten percent (10%) of the amount due as a late charge equal to 5% of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentcharge. The parties hereby agree that such this late charge represents a fair and reasonable estimate of the costs that Landlord will incur by reason of the late payment by Tenant. Acceptance of such any late charge by Landlord shall in no event not constitute a waiver of Tenant’s Default 's default with respect to such the overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunderavailable to Landlord. In addition, should Landlord in the event Tenant fails to pay within thirty (30) days after the same is due and payable any installment of Minimum Annual Rent or any other sum or charge required to be unable to negotiate any payment made paid by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee under this Lease, such unpaid amount shall bear interest from the due date thereof to the date of $50.00 payment at the rate of fourteen percent (14%) per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)annum until paid.

Appears in 2 contracts

Samples: Office Lease (Entex Information Services Inc), Office Lease (Entex Information Services Inc)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, if any installment of Rent or other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) 4 days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s). Notwithstanding the foregoing or anything to the contrary, Tenant shall not be obligated to pay a late charge until each time after the fourth time during the term or extended term of that Tenant fails to pay any amount due under this Lease within 4 days after said amount shall be due.

Appears in 2 contracts

Samples: Industrial Lease (CAPSTONE TURBINE Corp), Industrial Lease (Capstone Turbine Corp)

Late Charges. Tenant’s Rent and all Additional Rent is due on or before the First Day of each Month. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be such costs being extremely difficult and impractical to ascertain. Such costs include, but are not limited towithout limitation, processing processing, administration and accounting charges. Accordingly, if If any installment of any item of Rent or other sum due from Tenant shall is not be received by Landlord on or Landlord’s designee within five (5) days after such amount shall be before the 10th day of the month due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord Landlord, as Additional Rent, (a) ten percent (10%) of the overdue Rent, as a late charge equal to 5% of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentcharge. The parties hereby agree that such this late charge represents a fair and reasonable estimate of the costs that the Landlord will incur by reason of late payment by Tenant. Acceptance of such any late charge by Landlord shall in no event not constitute a waiver of Tenant’s Default default with respect to such the overdue amountamounts, nor prevent the Landlord from exercising any of the other rights and remedies granted available to Landlord hereunder. In addition, should Landlord The payment of a late charge shall be unable in addition to negotiate any payment made interest payable by Tenant on under Section 8. In addition to the first attempt by Landlord and without any notice to Tenantcharges provided for above, Tenant shall pay a charge of $45.00 to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair for each check returned for insufficient funds and reasonable estimate of the costs Landlord will incur 5125.00 for each “three (3) day pay or quit” notice sent to Tenant by reason of Landlord’s inability to negotiate such item(s).

Appears in 2 contracts

Samples: Office Lease (Equillium, Inc.), Office Lease (Equillium, Inc.)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and Base Rent, Tenant’s Share of Operating Expense increases, Tenant’s Share of Real Property Tax increases or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting chargescharges and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed encumbering the Property. Accordingly, if any installment of Rent Base Rent, Tenant’s Share of Operating Expense increases, Tenant’s Share of Real Property Tax increases or any other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) business days after such amount shall be dueof when due more than once in any twelve month period, then, without any requirement for notice or demand to Tenant, Tenant shall immediately pay to Landlord a late charge equal to 5% six percent (6%) of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on hereunder including the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee assessment of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)interest under Section 13.5.

Appears in 2 contracts

Samples: NameMedia, Inc., NameMedia, Inc.

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Minimum Rent and other sums scheduled Additional Rent due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Demised Premises. Accordingly, if any installment of Rent or other sum due from Tenant shall not be received by Landlord or Landlord’s designee (a) within five (5) days after receipt of notice that such amount shall be duehas not been paid when due (if notice is required pursuant to Section 21(b)) or (b) within ten (10) days of when due (if no notice is required), then, without any requirement for notice to Tenant, then Tenant shall pay to Landlord a late charge equal to five percent (5% %) of such overdue amount; providedthe installment or $500, howeverwhatever is greater, the foregoing late charge shall not be applicable plus any attorney fees incurred by Landlord by reason of Tenant’s failure to the first (1st) instance of late payment of pay Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentwhen due hereunder. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by of Tenant. Acceptance of such late charge charges by Landlord shall in no event constitute a waiver of Tenant’s Default default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 2 contracts

Samples: Lease, Lease (VCG Holding Corp)

Late Charges. Tenant’s Rent and all Additional Rent is due on or before the First Day of each Month. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be such costs being extremely difficult and impractical to ascertain. Such costs include, but are not limited towithout limitation, processing processing, administration and accounting charges. Accordingly, if If any installment of any item of Rent or other sum due from Tenant shall is not be received by Landlord on or Landlord’s designee within five (5) days after such amount shall be before the 10th day of the month due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord Landlord, as Additional Rent, (a) ten percent (10%) of the overdue Rent, as a late charge equal to 5% of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentcharge. The parties hereby agree that such this late charge represents a fair and reasonable estimate of the costs that the Landlord will incur by reason of late payment by TenantXxxxxx. Acceptance of such any late charge by Landlord shall in no event not constitute a waiver of Tenant’s Default 's default with respect to such the overdue amountamounts, nor prevent the Landlord from exercising any of the other rights and remedies granted available to Landlord hereunder. In addition, should Landlord The payment of a late charge shall be unable in addition to negotiate any payment made interest payable by Tenant on under Section 8. In addition to the first attempt by Landlord and without any notice to Tenantcharges provided for above, Tenant shall pay a charge of $45.00 to Landlord a fee of for each check returned for insufficient funds and $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur 125.00 for each "three (3) day pay or quit" notice sent to Tenant by reason of Landlord’s inability to negotiate such item(s).

Appears in 2 contracts

Samples: Office Lease (GRI BIO, Inc.), Office Lease (Vallon Pharmaceuticals, Inc.)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges that may be imposed on Landlord by the terms of any mortgage covering the Premises. Accordingly, if any installment of Base Rent, Additional Rent or any other sum due from Tenant shall is not be received by Landlord or Landlord’s designee within five (5) days after such said amount shall be is due, then, without any requirement for notice to Tenant, then Tenant shall will immediately pay to Landlord a late charge equal to 5% ten percent (10%) of such overdue amount; amount or the sum of One Hundred Dollars ($100.00), whichever is greater, provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of that such late paymentchange will only be applied upon the second occurrence during the term of the Lease (as extended). The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs cost Landlord will incur by reason of late payment by Tenant, and is in addition to Interest on Past Due Obligations. Acceptance of such late charge by Landlord shall will in no event constitute a waiver of Tenant’s Default default with respect to such overdue amount, nor or prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)under this Lease.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement (Sonic Foundry Inc)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s designee designated agent within five (5) days after such amount shall be due, then, without any requirement for notice to Tenantis due and owing, Tenant shall pay to Landlord a late charge equal to five percent (5% %) of such overdue amount; provided, however, the foregoing unpaid amount each time a late charge shall not be applicable to is payable during the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentLease Term. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In additionthe event that a late charge is payable hereunder, should Landlord be unable whether or not collected, for three (3) consecutive installments of Rent, then Rent shall automatically become due and payable quarterly in advance, rather than monthly, notwithstanding Section 4.01 or any other provision of this Lease to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)contrary.

Appears in 2 contracts

Samples: Work Letter Agreement, Work and Interior Specification Standards (Imprivata Inc)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and any Monthly Base Rental, Additional Rent, or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or deed of trust covering the Building. Accordingly, if any installment of Rent Monthly Base Rental, Additional Rent, or any other sum due from Tenant shall not be received by Landlord or Landlord’s designee designated agent within five three (53) days after such amount shall be due, then, without any requirement for so long as Landlord has delivered written notice to TenantTenant specifying the payment amount not received and Tenant fails to pay such amount within five (5) days of receipt of said written notice, Tenant shall pay to Landlord a late charge equal to five percent (5% %) of such overdue amount; provided, however, the . The foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentshall only be required two (2) times per calendar year. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate Notwithstanding any payment made by Tenant on the first attempt by Landlord and without any notice to Tenantother provision in this Lease, Tenant shall pay have thirty (30) days from receipt of any invoice for payment of Additional Rent prior to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)incurring any late charges under this Article 5.

Appears in 1 contract

Samples: Office Lease (Molina Healthcare Inc)

Late Charges. Tenant TENANT hereby acknowledges that late payment by Tenant TENANT to Landlord LANDLORD of Rent and other sums amounts due hereunder will cause Landlord LANDLORD to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges that may be imposed on LANDLORD by the terms of any mortgage or deed of trust covering the Premises. Accordingly, if any installment of Rent or any other sum amounts due from Tenant TENANT shall not be received by Landlord LANDLORD or Landlord’s LANDLORD'S designee within five ten (510) days after such amount shall be due, then, without any requirement for and LANDLORD or LANDLORD'S designee has given five (5) days prior written notice to TenantTENANT of non-receipt of funds, Tenant then TENANT shall pay to Landlord LANDLORD a late charge equal to 5% ten percent (10%) of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will LANDLORD may incur by reason of late payment by TenantTENANT. Acceptance of such late charge by Landlord LANDLORD shall in no event constitute a waiver of Tenant’s Default TENANT'S default with respect to such overdue amount, nor prevent Landlord LANDLORD from exercising any of the other rights and remedies granted to LANDLORD hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 1 contract

Samples: Lease (Sycamore Park Convalescent Hospital)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5) business days after such amount shall be due, due then, without any requirement for notice to TenantTenant (notwithstanding Section 14.1(b)), Tenant shall pay to Landlord a late charge equal to 5% four (4) percent of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In additionthe event that a late charge is payable hereunder, should Landlord be unable whether or not collected, for three consecutive installments of Base Rent, then at Landlord's option Base Rent shall become due and payable quarterly in advance, rather than monthly, notwithstanding Article IV or any other provision of this Lease to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)contrary.

Appears in 1 contract

Samples: Lease (Exodus Communications Inc)

Late Charges. If Tenant shall fail to pay to Landlord any Rent or other sums when due hereunder, such unpaid amounts shall bear interest at the prime commercial rate then being charged by Bank of America plus two percent (2%) per annum from the date due to the date of payment. In addition, Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent or other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5) days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% ten percent (10%) of such overdue amount; provided, however, the foregoing . No late charge shall not may be applicable to imposed more than once for the first (1st) instance of same late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable at law or equity or pursuant to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)this Lease.

Appears in 1 contract

Samples: Digital Commerce Corp

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and Base Rent, Tenant's Share of Operating Expense increases, Tenant’s Share of Real Property Tax increases, parking charges, after hours HVAC charges, or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting chargescharges and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed encumbering the Project. Accordingly, if any installment of Rent Base Rent, Tenant's Share of Operating Expense increases, Tenant’s Share of Real Property Tax increases, parking charges, after hours HVAC charges or any other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) days after when such amount shall be due, then, without any requirement for notice or demand to Tenant, Tenant shall immediately pay to Landlord a late charge equal to 5% six percent (6%) of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on hereunder including the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee assessment of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)interest under Section 13.5.

Appears in 1 contract

Samples: Lease (Rexahn Pharmaceuticals, Inc.)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this 'Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, if any installment of Rent or other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5) 4 days after such such, amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's Default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. Notwithstanding the foregoing, on the first two occasions during the Term in which Tenant would otherwise be subject to payment of a late charge, no late charge shall accrue until after Landlord has given Tenant five (5) days' written notice thereof and Tenant has failed to pay the amount due within that period. In addition, should Landlord be unable tunable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s 's inability to negotiate such item(s).

Appears in 1 contract

Samples: Singing Machine Co Inc

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult difficult, if not impossible, to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent rent or other any sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) days after such said amount shall be is past due, then, without any requirement for notice in addition to Tenantan other remedies provided herein, Tenant shall pay to Landlord a late charge equal to 5% ten percent (10%) of such overdue amount; providedamount (but in no event greater than the maximum amount permitted by law), howeverplus, the foregoing late charge shall not be applicable in either event, all attorneys’ fees incurred by Landlord by reason of Tenant’s failure to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentpay rent and/or other charges when due hereunder. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant, and that it does not constitute a forfeiture or penalty. Acceptance of such late charge charges by Landlord shall in no event constitute a waiver of Tenant’s Default default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In additionLandlord may, should Landlord be unable to negotiate any payment made by Tenant on at its option, deduct all late charges from the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)Security Deposit.

Appears in 1 contract

Samples: Center 21 Office Lease (Pandora Media, Inc.)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, include but are not limited to, to processing and accounting chargescharges and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent rent or other any sum due from Tenant shall should not be received by Landlord or Landlord’s 's designee within five (5) 30 days after such written notice that said amount shall be is past due, then, without any requirement for notice to Tenant, then Tenant shall pay to Landlord a late charge equal to 510% of such overdue amount; provided, however, the foregoing late charge shall not be applicable plus any attorney's fees incurred by Landlord by reason of Tenant's failure to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentpay rent and/or other charges when due hereunder. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s(9).

Appears in 1 contract

Samples: Agreement (Coinstar Inc)

Late Charges. Tenant hereby acknowledges that that, in addition to interest costs, the late payment payments by Tenant to Landlord of Rent and any rent or other sums due hereunder under this Lease will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be such costs being extremely difficult and impractical to ascertainfix. Such other costs include, but are not limited towithout limitation, processing processing, administrative and accounting chargescharges and late charges that may be imposed on Landlord by the terms of any mortgage, deed of trust or related loan documents encumbering the Premises, the Building or the Project. Accordingly, if any installment of Rent rent or any other sum due from amount payable by Tenant shall hereunder is not be received by Landlord or Landlord’s designee within five (5) days after such amount shall be due, then, without any requirement for notice to Tenantby the due date thereof, Tenant shall pay to Landlord an additional sum of ten percent (10%) of the overdue amount as a late charge equal to 5% of such overdue amount; providedcharge, however, but in no event more than the foregoing maximum late charge shall not be applicable to the first (1st) instance of late payment of Rent allowed by Tenant until three (3) business days after written notice to Tenant of such late paymentlaw. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs that Landlord will incur by reason of any late payment as hereinabove referred to by Tenant, and the payment of late charges and interest are distinct and separate in that the payment of interest is to compensate Landlord for the use of Landlord's money by Tenant, while the payment of late charges is to compensate Landlord for Landlord's processing, administrative and other costs incurred by Landlord as a result of Tenant's delinquent payments. Acceptance of such a late charge by Landlord or interest shall in no event not constitute a waiver of Tenant’s Default 's default with respect to such the overdue amount, nor amount or prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay available to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)under this Lease or at law or in equity now or hereafter in effect.

Appears in 1 contract

Samples: Industrial Lease (E Digital Corp)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent Base Rent, Tenant's Percentage Share of Operating Expenses and Taxes or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be such costs being extremely difficult and impracticable to ascertainfix. Such costs include, but are not limited towithout limitation, processing and accounting chargescharges and late charges that may be imposed on Landlord by the terms of any encumbrances or notes secured by any encumbrance covering the Premises. AccordinglyTherefore, if any installment of Base Rent or other sum due from Tenant shall is not be received by Landlord or Landlord’s designee within five (5) days after such amount shall be when due, then, without any requirement for notice to Tenantwithin ten (10) days following the date said Base Rent or other sum is due, Tenant shall pay to Landlord a late charge Landlord, without additional invoice or demand, an additional sum equal to 5% six percent (6%) of such overdue amountamount as a late charge; provided, however, if payments of Base Rent have been made to Landlord in a timely manner pursuant to automatic wire transfer then the foregoing late charge herein shall not be applicable an additional sum equal to five percent (5%) of the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentoverdue amount. The parties hereby agree that such this late charge represents a fair and reasonable estimate of the costs that Landlord will incur by reason of late payment by Tenant. Acceptance The accrual and/or acceptance of such any late charge by Landlord shall in no event not constitute a waiver of Tenant’s Default 's default with respect to such the overdue amount, nor prevent Landlord from exercising any of the Landlord's other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)remedies.

Appears in 1 contract

Samples: Lease Agreement (Avanex Corp)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this LeaseSublease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5) days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% three and three quarters percent (3.75%) of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first amount each and every month (1stor any portion thereof) instance of until said late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentis paid in full. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs cost Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, amount nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 1 contract

Samples: Office Sublease (Einstein Noah Bagel Corp)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and administrative, processing, accounting charges, and late charges, which may be imposed on Landlord by the terms of any contract, revolving credit, mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days after written notice from Landlord that such amount shall be is due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to five (5% %) percent of such overdue amount; provided, however, amount which shall be due and payable with the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentthen delinquent. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In additionthe event that a late charge is payable hereunder, should Landlord be unable whether or not collected, for three (3) consecutive installments of rent, then rent shall automatically become due and payable quarterly in advance, rather than monthly, notwithstanding any provision of this Lease to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).contrary. IT IS FURTHER MUTUALLY AGREED BETWEEN THE PARTIES AS FOLLOWS:

Appears in 1 contract

Samples: Agreement (Concentric Network Corp)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, to processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5) days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% ten percent (10%) of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment payments by TenantXxxxxx. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Xxxxxx's Default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In additionFollowing each second consecutive installment of Rent that is not paid within five (5) days of the date when due, should Landlord be unable shall have the option (i) to negotiate any payment made by Tenant on require that beginning with the first attempt by Landlord and without any notice payment of Rent next due, Rent shall no longer be paid in monthly installments but shall be payable quarterly three (3) months in advance; and/or (ii) to Tenant, require that Tenant shall pay to Landlord a fee of $50.00 per item which increase the parties hereby agree represents a fair and reasonable estimate amount of the costs Landlord will incur Security Deposit by reason of Landlord’s inability to negotiate such item(sone hundred percent (100%).

Appears in 1 contract

Samples: legistarweb-production.s3.amazonaws.com

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and Rent, or any other sums due hereunder will cause Landlord to incur costs not otherwise contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, if any installment of Rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five ten (510) days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In additionthe event that a late charge is payable in this Lease or otherwise, should Landlord be unable whether or not collected, for three (3) installments of rent in any 12-month period, then Rent shall automatically become due and payable quarterly in advance, rather than monthly notwithstanding any other provision of this Lease to negotiate the contrary. In addition to the late charges provided for in this paragraph, interest shall accrue on Rent, or any payment made other sums due hereunder, at the rate of 18% per annum or the maximum rate provided by Tenant on law, whichever is less, beginning ten (10) days after the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)Rent is due until paid.

Appears in 1 contract

Samples: Lease Agreement (Telecommunication Systems Inc /Fa/)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and Base Rent, Tenant's Share of Operating Expense Increase or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Building. Accordingly, if any installment of Rent Base Rent, Operating Expense Increase, or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% three percent (3%) of such overdue amount; provided, however, but not to exceed the foregoing maximum late charge shall not be applicable to permitted by law in the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentjurisdiction where the Building is located. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 1 contract

Samples: Non Disturbance Agreement (Capital Bank Corp)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s designee designated agent within five (5) days after such amount shall be due, then, without any requirement for notice to Tenantis due and owing, Tenant shall pay to Landlord a late charge equal to five percent (5% %) of such overdue amount; providedthe amount which is past due. Notwithstanding the above, howeveronce every twelve (12) months during the Lease Term, the foregoing late charge Tenant shall be entitled to written notice of non-receipt of Rent from Landlord, and Tenant shall not be applicable to the first (1st) instance of liable for any late payment of charge, interest or other late fee hereunder if such Rent is received by Tenant until Landlord within three (3) business days after Tenant’s receipt of such written notice to Tenant of such late paymentfrom Landlord. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 1 contract

Samples: Lionbridge Technologies Inc /De/

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or deed of trust covering the Premises. Accordingly, if Tenant shall pay to Landlord, as Additional Rent (as defined in Paragraph 4.3 below), without the necessity of further notice or demand, a late charge equal to five percent (5%) of any installment of Rent or other sum due from Tenant shall which is not be received by Landlord or Landlord’s designee within five (5) days after the due date for such amount shall be dueinstallment. Notwithstanding the above, then, without once but only once in any requirement for notice to Tenanttwelve (12) month period during the Lease Term, Tenant shall pay be entitled to Landlord a late charge equal to 5% written notice of such overdue amount; providednon-receipt of Rental from Landlord, however, the foregoing late charge and Tenant shall not be applicable to the first liable for any late charge, interest or other late charge hereunder if such Rental is received by Landlord within five (1st5) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant Tenant’s receipt of such late paymentnotice from Landlord. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such In no event shall this provision for a late charge by Landlord shall in no event constitute be deemed to grant to Tenant a waiver grace period or extension of Tenant’s Default with respect time within which to such overdue amount, nor pay any installment of Rent or prevent Landlord from exercising any right or remedy available to Landlord upon Tenant’s failure to pay such installment of Rent when due, including without limitation the other rights and remedies granted hereunderright to terminate this Lease. In additionthe event any installment of Rent is not received by Landlord by the due date for such installment, should Landlord be unable to negotiate any payment made by Tenant such installment shall bear interest at the annual rate set forth in Paragraph 34 below, commencing on the first attempt by Landlord due date for such installment and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate continuing until such item(s)installment is paid in full.

Appears in 1 contract

Samples: Improvement Agreement (Rackable Systems, Inc.)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent, Additional Rent and or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs includeIf any Rent, but are not limited to, processing and accounting charges. Accordingly, if any installment of Additional Rent or other sum due from Tenant shall is not be received by Landlord or Landlord’s designee 's designated agent within five ten (510) days after such amount shall be being due, then, without any requirement for notice to Tenant, then Tenant shall pay to Landlord a late charge equal to five percent (5% %) of such overdue amount; provided, howeverplus any attorneys' fees incurred by Landlord by reason of Tenant's failure to pay Rent and other charges when due hereunder. All unpaid Rent, Additional Rent or other sum due from Tenant to Landlord under this Lease shall bear interest from the foregoing late charge shall not be applicable to tenth (10th) day after the first due date thereof until paid, at the lesser of sixteen percent (1st16%) instance of late payment of Rent per annum or the maximum interest rate per annum allowed by Tenant until three (3) business days after written notice to Tenant of such late paymentlaw. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of Tenant's late payment by Tenantpayment. Acceptance Landlord's acceptance of such late charge by Landlord charges shall in no event not constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent amount or estop Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 1 contract

Samples: Industrial Lease (Radio Systems Corp)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Base Rent, Additional Rent and or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs includeIf any Base Rent, but are not limited to, processing and accounting charges. Accordingly, if any installment of Additional Rent or other sum due from Tenant shall is not be received by Landlord or Landlord’s designee 's designated agent within five (5) 10 days after such amount shall be is due, then, without any requirement for notice to Tenant, then Tenant shall pay to Landlord a late charge equal to five percent (5% %) of such overdue amount; provided, howeverplus any attorneys' fees and costs incurred by Landlord by reason of Tenant's failure to pay Base Rent, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Additional Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentand other charges when due hereunder. The parties hereby agree that such late charge represents charges and, if applicable, the default interest hereinafter described, represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of Tenant's late payment by Tenantpayment. Acceptance Landlord's acceptance of such late charge by Landlord charges shall in no event not constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent amount or stop Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate the event that any payment made of Base Rent, Additional Rent or other sums due hereunder is not received by Tenant Landlord within thirty (30) days when due, then in addition to the late charge described herein such overdue amount shall accrue interest at the rate of fourteen percent (14%) per year commencing on the thirty-first attempt by (31st) day the same has remained unpaid and continuing until Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of or Landlord’s inability to negotiate such item(s)'s designated agent receives full payment.

Appears in 1 contract

Samples: Lease (Smtek International Inc)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and administrative, processing, accounting charges, and late charges, which may be imposed on Landlord by the terms of any contract, revolving credit, mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5) days after such receipt by Tenant of written notice specifying that Landlord has failed to receive the amount shall be due, then, without any requirement for notice to Tenantin question, Tenant shall pay to Landlord a late charge equal to five percent (5% %) of such overdue amount; provided, however, which shall be due and payable with the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentthen delinquent. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In additionthe event that a late charge is payable hereunder, should Landlord be unable whether or not collected, for three (3) consecutive installments of rent, then rent shall automatically become due and payable quarterly in advance, rather than monthly, notwithstanding any provision of this Lease to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)contrary.

Appears in 1 contract

Samples: Aehr Test Systems

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will shall cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting chargescharges and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed coveting the Premises. Accordingly, if any installment of Rent rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days after such said amount shall be is past due, then, without any requirement for notice to Tenant, then Tenant shall pay to Landlord a late charge equal to 5% seven (7%) percent of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge and any interest thereon by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor amount unless Tenant is otherwise advised by Landlord. Such acceptance unless it constitutes a waiver shall not prevent Landlord from exercising any of the other rights and remedies granted hereunder. In additionAdditionally, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item money due hereunder which the parties hereby agree represents a fair and reasonable estimate is not paid within thirty (30) days of the costs Landlord will incur by reason due date shall bear interest at the rate of Landlord’s inability to negotiate such item(s)15% Per annum.

Appears in 1 contract

Samples: Lease Agreement (Connected Corp)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and rent or other sums due hereunder thereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent rent or other any sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5) days after such amount shall be it is due, then, without any requirement for notice to Tenant, then Tenant shall pay to Landlord a late charge equal to 5% $25.00 for each delinquent installment, plus any attorney's fees incurred by Landlord by reason of such overdue amount; provided, however, the foregoing late charge shall not be applicable Tenant's failure to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentpay rent and/or other charges when due hereunder. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by the Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 1 contract

Samples: The Lease Renewal Agreement (Western Sierra Bancorp)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and administrative, processing, accounting charges, and late charges, which may be imposed on Landlord by the terms of any contract, revolving credit, mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent rent or any other sum due from form Tenant shall not be received by Landlord or Landlord’s 's designee within five Five (5) days after the date on which such amount shall be payment was due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge change equal to Five percent (5% %) of such overdue amount; provided, however, the foregoing which late charge shall not be applicable to due and payable on the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentsame date that the overdue amount question was due. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, amount nor prevent Landlord from form exercising any of the other rights and remedies granted hereunder. In additionthe event that a late charge is payable hereunder, should Landlord be unable whether or not collected, for three (3) installments of Base Monthly Rent, then rent shall automatically become due and payable quarterly in advance, rather than monthly, notwithstanding any provision of this Lease to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)contrary.

Appears in 1 contract

Samples: Lease Agreement (Packeteer Inc)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and Base Rent, Tenant's Share of Operating Expense increases, Tenant's Share of Real Property Tax increases, parking charges, after hours HVAC charges, or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting chargescharges and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed encumbering the Project. Accordingly, if any installment of Rent Base Rent, Tenant's Share of Operating Expense increases, Tenant's Share of Real Property Tax increases, parking charges, after hours HVAC charges or any other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) days after of when such amount shall be due, then, without any requirement for notice or demand to Tenant, Tenant shall immediately pay to Landlord a late charge equal to 5% six percent (6%) of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunderhereunder including the assessment of interest under Section 13.5. In additionNotwithstanding the foregoing, should Landlord be unable agrees to negotiate waive imposition of such late charge on one (1) occasion in any twelve (12) month period provided the overdue payment is made by within five (5) days after Landlord gives Tenant on the first attempt by Landlord and without any written notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)that payment was not made when due.

Appears in 1 contract

Samples: Visual Networks Inc

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, to processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering any Property. Accordingly, if any installment of Rent rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5) days after when such amount shall be duedue (subject to any applicable grace period or notice requirement herein contained), then, without any requirement for additional notice to Tenant, Tenant shall pay pay, to Landlord a late charge Late Charge equal to 5% four percent of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge Late Charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge Late Charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition; provided, should Landlord be unable to negotiate any however, that payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate in full of the costs Landlord Late Charge and all other amounts required by this Lease to completely cure the default, if such payments are made timely within applicable cure periods set forth herein, or are otherwise accepted in full by Landlord, will incur by reason of Landlord’s inability to negotiate cure such item(s)default.

Appears in 1 contract

Samples: Lease Agreement (Meyer Fred Inc)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting chargesany mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent rent or other any sum due from Tenant shall not be received by Landlord or Landlord’s Xxxxxxxx's designee within five (5) days after such said amount shall be is due, then, without any requirement for notice to Tenant, then Tenant shall pay to Landlord a late charge equal to 510% of such overdue amount; provided, however, the foregoing late charge shall not be applicable plus any attorneys' fees incurred by Landlord by reason of Xxxxxx's failure to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentpay rent and/or other charges when due hereunder. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by TenantXxxxxx. Acceptance of such late charge charges by the Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor not prevent Landlord from exercising any of the other rights and remedies granted hereunder. In additionLandlord may, should Landlord be unable to negotiate at its option, include all late charges accrued during any payment made by Tenant on calendar year in Tenant's estimated charges for the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)ensuing year.

Appears in 1 contract

Samples: BSM Bancorp

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, if any installment of Rent or other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5) 4 days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's Default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder, provided that, Landlord will not impose any late fee upon the first late payment of Rent, if any, during each 12 month period following the Commencement Date unless Tenant fails to make the applicable payment within five (5) business days after written notice of such delinquency is given by Landlord. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s 's inability to negotiate such item(s).

Appears in 1 contract

Samples: Omneon Video Networks, Inc.

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by the terms of any ground lease, mortgage or deed of trust covering the Premises. Accordingly, if any installment of Base Rent and Tenant's Share of Operating Expenses or other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5) * days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% * of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's Default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In additionthe event that a late charge is payable hereunder, should Landlord be unable whether or not collected for * consecutive installments of Base Rent and Tenant's Share of Operating Expenses, then notwithstanding Section 4.1 or any other provision of this Lease to negotiate any payment made by Tenant on the first attempt by Landlord contrary, Base Rent and without any notice to Tenant's Share of Operating Expenses shall, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair at Landlord's option, become due and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)payable quarterly in advance.

Appears in 1 contract

Samples: Lease (Frontier Airlines Inc /Co/)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and Base Rent, Tenant's Share of Operating Expenses or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent Base Rent, Operating Expenses or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 56% of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In additionthe event that a late charge is payable hereunder, should Landlord be unable to negotiate whether or not collected, for three (3) consecutive installments of any payment made by Tenant on of the first attempt by Landlord and without any notice to aforesaid monetary obligations of Tenant, Tenant then Base Rent shall pay automatically become due and payable quarterly in advance, rather than monthly, notwithstanding paragraph 4.1 or any other provision of this Lease to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)contrary.

Appears in 1 contract

Samples: License Agreement

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, if any installment of Rent or other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) 4 days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s). Notwithstanding anything to the contrary herein, before assessing a late charge, fee or interest for the first time in any thirty-six (36) month period, Landlord shall provide Tenant written notice of the delinquency, and shall waive such late charge if Tenant pays such delinquency within five (5) days thereafter.

Appears in 1 contract

Samples: Industrial Lease (Tenaya Therapeutics, Inc.)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by the terms of any ground lease, mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5) days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% six percent (6%) of such overdue amount; providedprovided that as to the initial such late payment in any twelve (12) consecutive month period during the Term, however, the foregoing such late charge shall not be applicable to the first (1st) instance of late payment of Rent due or payable unless such failure by Tenant until three to pay when due is not cured within five (35) business days after following Tenant's receipt of written notice to Tenant of such late paymentthereof from Landlord. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 1 contract

Samples: Sport Chalet Inc

Late Charges. Tenant TENANT hereby acknowledges that late payment by Tenant TENANT to Landlord LANDLORD of Rent rent and other sums due hereunder will cause Landlord LANDLORD to incur costs not contemplated by this Leaselease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, if any installment of Rent rent or any other sum due from Tenant TENANT shall not be received by Landlord LANDLORD or Landlord’s LANDLORD's designee within five ten (510) days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% one and one- half percent (1.5%) of the payment due and unpaid plus $100.00 shall be added to the payment, and the total sum shall become immediately due and payable to LANDLORD. An additional charge of one and one-half percent (1.5%) of such overdue amount; providedpayment, howeverexcluding late charges, shall be added for each additional month that such payment remains unpaid. LANDLORD shall apply any monies received from TENANT first to any accrued delinquency charges and then to any other payments due under the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentlease. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs Landlord LANDLORD will incur by reason of late payment by TenantTENANT. Acceptance of such late charge charges by Landlord LANDLORD shall in no event constitute a waiver of Tenant’s Default TENANT's default with respect to such overdue amount, nor prevent Landlord LANDLORD from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 1 contract

Samples: Airspace Lease Agreement

Late Charges. Tenant hereby acknowledges that a late payment made by Tenant to Landlord of Rent, Amortized Rent, Additional Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges, which may be imposed on Landlord according to the terms of any Lien Interest or trust deed covering the Premises. Accordingly, if any installment of monthly Rent or other sum due from Tenant shall is not be received by Landlord or Landlord’s 's designee within five (5) days after Landlord delivers a written notice to Tenant that such amount shall be due, then, without any requirement for notice is due pursuant to TenantArticle 20.1(a), Tenant shall pay to Landlord a late charge equal to 5% one percent (1%) of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment amount for each monthly installment of Rent by Tenant until three (3) business days after written notice to Tenant of such which the late paymentfee applies. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment payments made by Tenant. Acceptance of such late charge charges by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor shall it prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 1 contract

Samples: Lease Agreement (Mission West Properties Inc)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Rent, Additional Rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days after such notice that the amount shall be is due, then, without any requirement for notice to Tenant, then Tenant shall immediately pay to Landlord a late charge equal to 5% four percent (4%) of such overdue amount; providedover due amount or the sum of Two Hundred Fifty Dollars ($250.00), however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentwhichever is greater. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs cost Landlord will incur by reason of late payment by TenantTenant and is in addition to interest due under Section 25.4. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor or prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 1 contract

Samples: Commercial Lease (McData Corp)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent rent or other any sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5) days after such when said amount shall be is due, then, without any requirement for notice to Tenant, then Tenant shall pay to Landlord a late charge equal to 5% the maximum amount permitted by law (and in the absence of any governing law, ten percent (10%) of such overdue amount; provided), however, the foregoing late charge shall not be applicable plus any attorneys' fees incurred by Landlord by reason of Tenant's failure to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentpay rent and/or other charges when due hereunder. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 1 contract

Samples: New Energy Corp

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and Base Rent, Tenant's Share of Operating Expense increases, parking charges, after hours HVAC charges, or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting chargescharges and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed encumbering the Project. Accordingly, if any installment of Rent Base Rent, Tenant's Share of Operating Expense increases, parking charges, after hours HVAC charges or any other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) days after when such amount shall be due, then, without any requirement for notice or demand to Tenant, Tenant shall immediately pay to Landlord a late charge equal to 5% six percent (6%) of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on hereunder including the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee assessment of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)interest under section 13.5.

Appears in 1 contract

Samples: Office Lease (United Panam Financial Corp)

Late Charges. 39. Tenant hereby acknowledges that the late payment by Tenant to Landlord of Rent and other any sums due hereunder under this Lease will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be such costs being extremely difficult and impractical to ascertainfix. Such costs include, but are not limited to, processing and accounting charges. AccordinglyTherefore, if any installment of rent is not received by Landlord by the tenth (10th) day of the month for which it is due, or if any Additional Rent or any other sum due from under this Lease is not paid by Tenant shall not be received by Landlord or Landlord’s designee within five (5) days after such amount shall be due, then, without any requirement for notice to Tenantof receipt of a statement therefore from Landlord, Tenant shall pay to Landlord an additional sum of three percent (3%) of the overdue amount as a late charge equal to 5% of such overdue amount; provided, however, the foregoing charge. Such late charge shall be in addition to, and not be applicable in lieu of, any interest which may become due upon such sum pursuant to the first (1st) instance Article 38 of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentthis Lease. The parties hereby to this Lease agree that such this late charge represents a fair and reasonable estimate of the costs that Landlord will incur by reason of any late payment by TenantTenanx. Acceptance Xxceptance of such any late charge by Landlord and the full rent shall in no event constitute a waiver of Tenant’s Default 's default with respect to such the overdue amount, nor amount and shall prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay available to Landlord a fee of $50.00 per item which under this Lease, or pursuant to any law now or hereafter in effect. The aforesaid late charge shall be considered Additional Rent. The foregoing late charges shall only apply if Tenanx xxx previously failed to pay the parties hereby agree represents a fair and reasonable estimate monthly rental installments by the tenth (10th) day of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)month on more than two occasions in the preceding twelve (12) month period.

Appears in 1 contract

Samples: Assignment Agreement (Syncor International Corp /De/)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to ------------ Landlord of Rent and rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Leaselease, including without limitation processing and accounting charges, administrative expense, and additional interest expense or late charges to Landlord resulting from late payment by Landlord of payments due on obligations of Landlord, whether or not secured by an encumbrance on the premises. Tenant acknowledges that the exact amount of which will such damages would be extremely difficult and impractical to ascertain. Such costs include, but are and that the expense of attempting to ascertain the exact amount of such damages would be an additional cost not limited to, processing and accounting chargescontemplated by this lease. Accordingly, if in the event that Tenant shall fail to pay any installment of Rent rent or other any sum due from Tenant shall not be received by Landlord or Landlord’s designee hereunder within five ten (510) days after the later of the date such amount shall is due or the effective date of any notice required to be duegiven by Landlord in connection therewith, then, and without regard to whether Landlord exercises any requirement remedy herein provided for notice to default by Tenant, Tenant shall pay to Landlord as additional rent a late charge equal to 5% four percent (4%) of each such overdue amount; provided, however, installment or other sum. Landlord and Tenant agree that the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents herein provided is a fair and reasonable estimate of the costs damages which Landlord will shall incur by reason of late payment by Tenant. Acceptance Landlord's acceptance of such any late charge by Landlord shall in no event not constitute a waiver of Tenant’s Default 's default with respect to the overdue amount if Tenant fails to pay such overdue amountamount within any applicable grace period provided in this lease, nor shall such acceptance prevent Landlord from exercising any of the other rights and or remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made herein provided for default by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 1 contract

Samples: Sublease Agreement (E Stamp Corp)

Late Charges. Tenant hereby acknowledges that late payment by Tenant of any amount owed to Landlord of Rent and other sums due hereunder under this Lease will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be such costs being extremely difficult and impracticable to ascertainfix. Such costs include, but are not limited towithout limitation, processing and accounting charges, time spent addressing the issue with Tenant, and late charges that may be imposed on Landlord by the terms of any encumbrance or note secured by any encumbrance covering the Premises. AccordinglyTherefore, if any installment of Rent or other sum payment due from Tenant shall is not be received by Landlord or Landlord’s designee within five (5) days after such amount written notice that the same is due (or, if Tenant shall be failed to pay rent when due more than twice in any calendar year, if such amounts are not received by landlord on the date due, then, without any requirement for notice to Tenant), Tenant shall pay to Landlord Landlord, as liquidated damages for Tenant's failure to make such timely payment, an additional sum of five percent (5%) of the overdue Rent or other payment per month as a late charge equal to 5% of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentcharge. The parties hereby agree that such the late charge represents a fair and reasonable estimate of the administrative costs that Landlord will incur by reason of a late payment by Tenant. Acceptance of such any late payment charge by Landlord shall in no event not constitute a waiver of Tenant’s Default 's default with respect to such the overdue amountpayment, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay available to Landlord a fee of $50.00 per item which under this Lease, at law or in equity, including, but not limited to, charging the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability Interest Rate imposed pursuant to negotiate such item(s)Section 20.2.

Appears in 1 contract

Samples: Industrial Lease Agreement (Tibco Software Inc)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, if any installment of Rent or other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) 4 days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 1 contract

Samples: Industrial Lease (InvenSense Inc)

Late Charges. Tenant hereby acknowledges that late payment payments by Tenant to Landlord of Rent and rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Leaselease, including without limitation processing and accounting charges, administrative expense, and additional interest expense or late charges to Landlord resulting from late payment by Landlord of payments due on obligations of Landlord, whether or not secured by an encumbrance on the premises. Tenant acknowledges that the exact amount of which will such damages would be extremely difficult and impractical to ascertain. Such costs include, but are and that the expense of attempting to ascertain the exact amount of such damages would be an additional cost not limited to, processing and accounting chargescontemplated by this lease. Accordingly, if in the event that Tenant shall fail to pay any installment of Rent rent or other any sum due from Tenant shall not be received by Landlord or Landlord’s designee hereunder within five ten (510) days after the date such amount shall be is due, then, and without regard to whether Landlord gives Tenant notice of such failure or exercises any requirement remedy herein provided for notice to default by Tenant, Tenant shall pay to Landlord as additional rent a late charge equal to 5% one percent (1%) of each such overdue amount; provided, however, installment or other sum. Landlord and Tenant agree that the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents herein provided is a fair and reasonable estimate of the costs damages which Landlord will shall incur by reason of late payment by Tenant. Acceptance Landlord’s acceptance of such any late charge by Landlord shall in no event not constitute a waiver of Tenant’s Default default with respect to the overdue amount if Tenant fails to pay such overdue amountamount within any applicable grace period provided in this lease, nor shall such acceptance prevent Landlord from exercising any of the other rights and or remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made herein provided for default by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 1 contract

Samples: Agreement of Sublease (PRN Corp)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and Base Rent, Tenant's Percentage Share of Operating Expenses or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting chargescharges and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed encumbering the Project. Accordingly, if any installment of Rent Base Rent, Tenant's Percentage Share of Operating Expenses or any other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) days after when such amount shall be due, then, without any requirement for notice or demand to Tenant, Tenant shall immediately pay to Landlord a late charge equal to 5% of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment[*]. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder, including the assessment of interest under Section 17.5. In addition, should Landlord be unable Notwithstanding anything to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenantcontrary contained herein, Tenant shall pay be entitled to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)notice [*].

Appears in 1 contract

Samples: Standard Lease (Ambarella Inc)

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Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five fifteen (515) days after such amount shall be due, including the ten-day notice and cure period, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to five percent (5% %) of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In additionthe event that a late charge is payable hereunder, should Landlord be unable whether or not collected, for three (3) consecutive installments of Rent, then Rent shall automatically become due and payable quarterly in advance, rather than monthly, notwithstanding paragraph 4 or any other provision of this Lease to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)contrary.

Appears in 1 contract

Samples: Lease (National Information Group)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, if any installment of Rent or other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) 4 days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder, provided that, Landlord will not impose any late fee upon the first late payment of Rent, if any, during each 12 month period following the Commencement Date unless Tenant fails to make the applicable payment within five (5) business days after written notice of such delinquency is given by Landlord. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 1 contract

Samples: D Lease (Harmonic Inc)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and rent, of additional rent, or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent rent, additional rent, or any other sum sums due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) calendar days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% two percent (2%) of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In additionthe event that a late charge is payable hereunder, should Landlord be unable to negotiate whether or not collected, for three (3) consecutive installments of any payment made by Tenant on of the first attempt by Landlord and without any notice to aforesaid monetary obligations of Tenant, Tenant then the rent shall pay automatically become due and payable quarterly in advance, rather than monthly, notwithstanding paragraph (3) or any other provision of this Lease to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)contrary.

Appears in 1 contract

Samples: Multi Tenant Lease Agreement (AspenBio Pharma, Inc.)

Late Charges. Tenant hereby acknowledges that late payment ------------ by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5) business days after such amount shall be due, due then, without any requirement for notice to TenantTenant (notwithstanding Section 14.1(b)), Tenant shall pay to Landlord a late charge equal to 5% four (4) percent of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In additionthe event that a late charge is payable hereunder, should Landlord be unable whether or not collected, for three consecutive installments of Base Rent, then at Landlord's option Base Rent shall become due and payable quarterly in advance, rather than monthly, notwithstanding Article IV or any other provision of this Lease to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)contrary.

Appears in 1 contract

Samples: Exodus Communications Inc

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, if any installment of Rent or other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5) 4 days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's Default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s 's inability to negotiate such item(s). Notwithstanding the foregoing or anything to the contrary, Tenant shall not be obligated to pay a late charge until each time after the fourth time during the term or extended term of that Tenant fails to pay any amount due under this Lease within 4 days after said amount shall be due.

Appears in 1 contract

Samples: Industrial Lease (Capstone Turbine Corp)

Late Charges. Tenant Subtenant hereby acknowledges that the late payment by Tenant Subtenant to Landlord Sublandlord of Base Rent, Additional Rent and other sums due hereunder will cause Landlord Sublandlord to incur costs not contemplated by this LeaseSublease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Sublandlord by the terms of the Master Lease. Accordingly, if any installment of Base Rent, Additional Rent or other sum due from Tenant Subtenant shall not be received by Landlord Sublandlord or Landlord’s Sublandlord's designee within five ten (510) days after the date on which such amount shall be was due, then, without any requirement for notice to TenantSubtenant, Tenant Subtenant shall pay to Landlord Sublandlord a late charge equal to five percent (5% %) of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord Sublandlord will incur by reason of late payment by TenantSubtenant. Acceptance of such late charge by Landlord Sublandlord shall in no event constitute a waiver of Tenant’s Default Subtenant's default or breach with respect to such overdue amount, nor prevent Landlord Sublandlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 1 contract

Samples: Sublease (Lionbridge Technologies Inc /De/)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and Base Rent, Tenant’s Share of Operating Expense increases, Tenant’s Share of Real Property Tax increases or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting chargescharges and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed encumbering the Property. Accordingly, if any installment of Rent Base Rent, Tenant’s Share of Operating Expense increases, Tenant’s Share of Real Property Tax increases or any other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) days after when such amount shall be due, then, without any requirement for notice or demand to Tenant, Tenant shall immediately pay to Landlord a late charge equal to 5% four percent (4%) of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on hereunder including the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee assessment of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)interest under Section 13.5.

Appears in 1 contract

Samples: Work Letter Agreement (Oxigene Inc)

Late Charges. Tenant hereby acknowledges that late payment by Tenant of any sum owed to Landlord of Rent and other sums due hereunder under this Lease will cause Landlord to incur costs not contemplated by this Lease, the exact amount amounts of which will be are extremely difficult and impracticable to ascertainfix. Such costs include, but are not limited towithout limitation, processing and accounting charges, time spent addressing the issue with Tenant, and late charges that may be imposed on Landlord by the terms of any obligation or note secured by any encumbrance covering the Premises. AccordinglyTherefore, if any installment of Rent rent or other sum payment due from Tenant shall is not be received by Landlord or Landlord’s designee within five (5) business days after such amount shall be from when due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord an additional sum equal to ten percent (10%) of the overdue rent or other payment as a late charge equal to 5% of such overdue amount; provided, however, the foregoing late charge charge. Late charges shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentdeemed Additional Rent. The parties hereby agree that such this late charge represents a fair and reasonable estimate of the administrative and other costs that Landlord will incur by reason of a late payment by Tenant. Acceptance of such any late payment charge by Landlord shall in no event not constitute a waiver of Tenant’s Default 's default with respect to such the overdue amountpayment, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay available to Landlord a fee of $50.00 per item which under this Lease, at law or in equity, including, but not limited to, the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability interest charge imposed pursuant to negotiate such item(s)Paragraph 22.2.

Appears in 1 contract

Samples: Industrial Lease Agreement (Jill Kelly Productions Holding, Inc.)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and Basic Rent, Operating Expenses or any other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Leased Premises. Accordingly, if any installment of Rent Basic Rent, Operating Expenses, or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to Five (5% ) percent of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other its rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 1 contract

Samples: Commercial Lease (Ramsay Youth Services Inc)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will charges provided for under this Lease shall cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be such costs being extremely difficult or impracticable to ascertainfix. Such costs include, but are not limited to, processing and accounting charges, and late charges that may be imposed on Landlord by the terms of any encumbrance and notes secured by any encumbrance covering the Premises, or late charges and penalties due to late payment of Real Property Taxes due on the Premises. Accordingly, if commencing on the Commencement Date, the first time during a period of twelve (12) consecutive months that any installment of Rent rent or any other sum due from Tenant shall not be received by Landlord or within seven (7) days after Landlord gives Tenant written notice of the unpaid amount, Tenant shall pay to Landlord’s designee within , as Additional Rent, a late charge equal to five percent (5%) of such overdue amount (the "Late Charge"); thereafter, if any installment of rent or any other sum due from Tenant shall not be received by Landlord within seven (7) days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% of such overdue amount; providedthe Late Charge as additional Rent, however, the foregoing late charge shall whether or not be applicable to the first (1st) instance of late payment of Rent by Landlord has given Tenant until three (3) business days after written notice to Tenant of such late paymentthe non-receipt of the Rent or other charges or has exercised any remedy herein provided for default by Tenant. The parties hereby agree that such this late charge represents a fair and reasonable estimate of the costs that Landlord will shall incur by reason of the late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).by

Appears in 1 contract

Samples: Lease (Intermune Pharmaceuticals Inc)

Late Charges. Tenant hereby acknowledges that late payment by Tenant of any sum owed to Landlord of Rent and other sums due hereunder under this Lease will cause Landlord to incur costs not contemplated by this Lease, the exact amount amounts of which will be are extremely difficult and impracticable to ascertainfix. Such costs include, but are not limited towithout limitation, processing and accounting charges, time spent addressing the issue with Tenant, and late charges that may be imposed on Landlord by the terms of any obligation or note secured by any encumbrance covering the Premises. AccordinglyTherefore, if any installment of Rent rent or other sum payment due from Tenant shall is not be received by Landlord or Landlord’s designee within five (5) business days after such amount shall be from when due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord an additional sum equal to five percent (5%) of the overdue rent or other payment as a late charge equal to 5% of such overdue amount; provided, however, the foregoing late charge charge. Late charges shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentdeemed Additional Rent. The parties hereby agree that such this late charge represents a fair and reasonable estimate of the administrative and other costs that Landlord will incur by reason of a late payment by Tenant. Acceptance of such any late payment charge by Landlord shall in no event not constitute a waiver of Tenant’s Default 's default with respect to such the overdue amountpayment, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay available to Landlord a fee of $50.00 per item which under this Lease, at law or in equity, including, but not limited to, the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability interest charge imposed pursuant to negotiate such item(s)Paragraph 22.2.

Appears in 1 contract

Samples: Standard Industrial Lease Agreement (Etoys Inc)

Late Charges. 39. Tenant hereby acknowledges that the late payment by Tenant to Landlord of Rent and other any sums due hereunder under this Lease will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be such costs being extremely difficult and impractical to ascertainfix. Such costs include, but are not limited to, processing and accounting charges. AccordinglyTherefore, if any installment of Rent or other sum due from Tenant shall rent is not be received by Landlord or Landlord’s designee (within five (5) days after such amount shall be of written notice by Landlord to Tenant that payment is due, thenprovided that, without any requirement for if Landlord has delivered such a written notice to TenantTenant within the twelve (12) month period preceding such delinquency, Landlord shall have no notice obligation with respect to such delinquency) or if any Additional Rent or any other sum due under this Lease is not paid by Tenant within five (5) days of receipt of a statement therefore from Landlord, Tenant shall pay to Landlord an additional sum of six percent (6%) of the overdue amount as a late charge equal to 5% of such overdue amount; provided, however, the foregoing charge. Such late charge shall be in addition to, and not be applicable in lieu of, any interest which may become due upon such sum pursuant to the first (1st) instance Article 38 of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentthis Lease. The parties hereby to this Lease agree that such this late charge represents a fair and reasonable estimate of the costs that Landlord will incur by reason of any late payment by Tenant. Acceptance of such any late charge by Landlord shall in no event not constitute a waiver of Tenant’s Default 's default with respect to such the overdue amount, nor amount or prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay available to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability under this Lease, or pursuant to negotiate such item(s)any law now or hereafter in effect. The aforesaid late charge shall be considered Additional Rent.

Appears in 1 contract

Samples: Office Lease (Retix)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, if any installment of Rent or other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five six (56) days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's Default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s 's inability to negotiate such item(s).

Appears in 1 contract

Samples: Industrial Lease (Excaliber Enterprises, Ltd.)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to ------------ Landlord of Rent and or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, if If any installment of Rent or other sum sums due from Tenant shall is not be received by Landlord or Landlord’s designee 's designated agent within five ten (510) days after such amount shall be dueits due date, then, without any requirement for notice to Tenant, then Tenant shall pay to Landlord a late charge equal to 5% the maximum amount permitted by law (and in the absence of any governing law, [*]percent ([*]%) of such overdue amount; provided), however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent plus reasonable attorneys' fees incurred by Tenant until three (3) business days after written notice to Tenant of such late paymentLandlord due hereunder. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of Tenant's late payment by Tenantpayment. Acceptance Landlord's acceptance of such late charge by Landlord charges shall in no event not constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent amount or stop Landlord from exercising any of the other rights and remedies granted hereunder. In additionNotwithstanding the foregoing, should Landlord be unable agrees to negotiate any payment made by Tenant waive the imposition of such late charge on the first attempt by (1st) two (2) occasions in any twelve (12) month period, provided each overdue payment is made within five (5) days after Landlord and without any gives Tenant written notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)that payment was not made when due.

Appears in 1 contract

Samples: Lease Agreement (Equinix Inc)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five ten (510) days after receipt of written notice that such amount shall be is past due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord as liquidated damages, a late charge equal to 5% one percent (1%) of such overdue amount; providedamount plus interest at the rate provided for herein accruing from the date such sum was originally due, however, the foregoing late charge plus any attorney fees incurred by Landlord in collecting such overdue Rent. Landlord agrees that no such amounts shall not be applicable to due upon the first (1st) instance receipt of late payment of Rent by Tenant until three (3) business days after written an overdue notice to Tenant of such late paymentfrom Landlord during the Term. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance Such sum shall constitute additional rent hereunder. If Tenant is not otherwise in default of its obligations under this Lease, acceptance of such late charge along with all of the overdue amount (including any interest thereon as required by this Lease), by Landlord shall in no event constitute a waiver of Tenant’s Default default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 1 contract

Samples: Net Lease (MGP Ingredients Inc)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent or rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and administrative, processing, accounting charges, and late charges, which may be imposed on Landlord by the terms of any contract, revolving credit, mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% three percent (3%) of such overdue amount; provided, however, amount which shall be due and payable with the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentthen delinquent. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In additionthe event that a late charge is payable hereunder, should Landlord be unable whether or not collected, for three (3) consecutive installments of rent, then rent shall automatically become due and payable quarterly in advance, rather than monthly, notwithstanding any provision of this Lease to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)contrary.

Appears in 1 contract

Samples: Hadco Corp

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and Base Rent, Tenant's Share of Operating Expense increases, Tenant's Share of Real Estate Tax increases, Tenant Electricity Cost, parking charges (if any), after hours HVAC charges, or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting chargescharges and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed encumbering the Project. Accordingly, if any installment of Rent Base Rent, Tenant's Share of Operating Expense increases, parking charges (if any), after hours HVAC charges or any other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) days after when such amount shall be due, then, without any requirement for notice or demand to Tenant, Tenant shall immediately pay to Landlord a late charge equal to 5% six percent (6%) of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on hereunder including the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee assessment of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)interest under section 13.5.

Appears in 1 contract

Samples: Noosh Inc

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and rent, of additional rent, or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent rent, additional rent, or any other sum sums due from Tenant shall not be received by Landlord or Landlord’s designee within five ten (510) calendar days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% fifteen percent (15%) of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In additionthe event that a late charge is payable hereunder, should Landlord be unable to negotiate whether or not collected, for three (3) consecutive installments of any payment made by Tenant on of the first attempt by Landlord and without any notice to aforesaid monetary obligations of Tenant, Tenant then the rent shall pay automatically be due and payable quarterly in advance, rather than monthly, notwithstanding paragraph (3) or any other provision of this Lease to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)contrary.

Appears in 1 contract

Samples: Multi Tenant Lease Agreement (Global Casinos Inc)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and administrative, processing, accounting charges, and late charges, which may be imposed on Landlord by the terms of any contract, revolving credit, mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% three (3%) percent of such overdue amount; provided, however, amount which shall be due and payable with the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentthen delinquent. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In additionthe event that a late charge is payable hereunder, should Landlord be unable whether or not collected, for three (3) consecutive installments of rent, then rent shall automatically become due and payable quarterly in advance, rather than monthly, notwithstanding any provision of this Lease to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)contrary.

Appears in 1 contract

Samples: Hadco Corp

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Base Monthly Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and administrative, processing, accounting charges, and late charges, which may be imposed on Landlord by the terms of any contract, revolving credit, mortgage or trust deed covering the Premises. Accordingly, if any installment of Base Monthly Rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5) business days after such amount shall Landlord gives Tenant notice of delinquency (which notice may be due, then, without any requirement for in the form of a notice to Tenantquit or pay rent), Tenant shall pay to Landlord a late charge equal to five (5% %) percent of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).IT IS FURTHER MUTUALLY AGREED BETWEEN THE PARTIES AS FOLLOWS:

Appears in 1 contract

Samples: Therma Wave Inc

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and Base Rent, Tenant's Share of Operating Expense increases, Tenant's Share of Real Property Tax increases or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting chargescharges and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed encumbering the Property. Accordingly, if any installment of Rent Base Rent, Tenant's Share of Operating Expense increases, Tenant's Share of Real Property Tax increases or any other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) days after when such amount shall be due, then, without any requirement for notice or demand to Tenant, Tenant shall immediately pay to Landlord a late charge equal to 5% six percent (6%) of such overdue amount; provided. Notwithstanding the foregoing, however, Landlord agrees that the foregoing late charge shall will not be applicable imposed with respect to the first (1st) instance of late payment of Rent by Tenant until three in any twelve-month period if the amount owed is paid in full within ten (310) business days after written notice from Landlord thereof. The late charge shall apply to Tenant of such the second and any subsequent late paymentpayments, without notice, as aforesaid. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on hereunder including the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee assessment of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)interest under SECTION 13.5.

Appears in 1 contract

Samples: Medicines Co /De

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be is extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by the terms of any mortgage or deed of trust covering the Premises. Accordingly, if any installment of Rent rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five (5) days after such amount shall be when due, then, without any requirement for notice to Tenant, then Tenant shall pay to Landlord a late charge equal to 5% One Hundred and 00/100 Dollars ($100.00) or two percent (2%) of the amount due, whichever is higher, and provided that such overdue amount; providedamount will not exceed the maximum rate permitted by law, however, the foregoing late charge shall not be applicable plus any attorneys' fees incurred by Landlord by reason of Tenant's failure to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentpay rent and/or other charges when due hereunder. The parties hereby agree that such late charge represents a fair and reasonable estimate of the administrative costs that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In additionTenant hereby agrees that, should Landlord if Tenant is subject to a late charge for three (3) consecutive months, Minimum Annual Rent for the following twelve (12) months shall automatically be unable adjusted to negotiate any payment made by Tenant on be payable quarterly, in advance, commencing upon the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate day of the costs Landlord will incur by reason of Landlord’s inability to negotiate month following such item(s)consecutive late month and continuing for the next twelve (12) months on a quarterly basis in advance.

Appears in 1 contract

Samples: Construction Provisions Agreement (Cinemastar Luxury Theaters Inc)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and Base Rent, Tenant’s Share of Operating Expense increases, Tenant’s Share of Real Property Tax increases, parking charges, after hours HVAC charges, or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting chargescharges and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed encumbering the Project. Accordingly, if any installment of Rent Base Rent, Tenant’s Share of Operating Expense increases, Tenant’s Share of Real Property Tax increases, parking charges, after hours HVAC charges or any other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) days after of when such amount shall be due, then, without any requirement for notice or demand to Tenant, Tenant shall immediately pay to Landlord a late charge equal to 5% six percent (6%) of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on hereunder including the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee assessment of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)interest under Section 13.5.

Appears in 1 contract

Samples: Lease (Regenerx Biopharmaceuticals Inc)

Late Charges. Tenant hereby acknowledges that late payment by Tenant Tenant’s failure to Landlord of Rent and other sums due hereunder will pay rent promptly may cause Landlord to incur costs not contemplated by this Lease, the unanticipated costs. The exact amount of which will be such costs are impractical or extremely difficult to ascertain. Such costs may include, but are not limited to, processing and accounting chargescharges and late charges which may be imposed on Landlord by any ground lease, mortgage or trust deed encumbering the Property. AccordinglyTherefore, if Landlord does not receive any installment of Rent or other sum due from Tenant shall not be received by Landlord or Landlord’s designee rent payment within five (5) days after such amount shall be due, then, without any requirement for notice to Tenantit becomes due (“Late Charge Due Date”), Tenant shall immediately pay to Landlord a late charge equal to 5% ten percent (10%) of such the overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of such late payment payment. Tenant shall pay such late charge to Landlord immediately after the Late Charge Due Date, and if Tenant fails to so pay such amount to Landlord, then such nonpayment shall be considered a monetary default by TenantTenant and a failure by Tenant to pay rent under this Lease, and Tenant shall pay interest to Landlord on such unpaid late charge amount pursuant to Section 4.6, below (but not greater than the maximum amount permitted by law on such late charge and only to the extent permitted by law) from the Late Charge Due Date. Acceptance Landlord’s acceptance of such late charge by Landlord shall in no event not constitute a waiver of Tenant’s Default default with respect to such overdue amount, nor amount or prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)under this Lease.

Appears in 1 contract

Samples: Qualstar Corp

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder thereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or deed of trust covering the Premises. Accordingly, if any installment of Rent rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% ten percent (10%) of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable Any overdue rent and other payments due from Tenant under this Lease and not paid when due shall bear interest at the maximum rate per annum to negotiate any payment made by Tenant which parties are permitted to agree under applicable law on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)that due date.

Appears in 1 contract

Samples: Lease (Telco Systems Inc /De/)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and Base Rent, Tenant's Share of Operating Expense increases, parking charges, after hours HVAC charges, or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting chargescharges and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed encumbering the Project. Accordingly, if any installment of Rent Base Rent, Tenant's Share of Operating Expense increases, parking charges, after hours HVAC charges or any other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) days after of when such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% six percent (6%) of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunderhereunder including the assessment of interest under Section 13.5. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).SEE ADDENDUM PARAGRAPH 16

Appears in 1 contract

Samples: License Agreement for Satellite (Jaymark Inc)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, if any installment of Rent or other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) 4 days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to 5% of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s). Notwithstanding the foregoing, before assessing a late charge the first time in any one (1) year period, Landlord shall provide Tenant written notice of the delinquency, and shall waive such late charge if Tenant pays such delinquency within five (5) days thereafter.

Appears in 1 contract

Samples: Lease (Clean Energy Fuels Corp.)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and Base Rent, Tenant's Share of Operating Expense increases, parking charges, after-hours HVAC charges, or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting chargescharges and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed encumbering the Project. Accordingly, if any installment of Rent Base Rent, Tenant's Share of Operating Expense increases, parking charges, after-hours HVAC charges or any other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) days after when such amount shall be due, then, without any requirement for notice or demand to Tenant, Tenant shall pay to Landlord a late charge equal to 5% six percent (6%) of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on hereunder including the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee assessment of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)interest under Section 13.5.

Appears in 1 contract

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.)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent Yearly Rent, Tenant's Proportionate Share of Operating Costs and Taxes, after hours additional heat, cleaning or air conditioning service charges, or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting chargescharges and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed encumbering the Building. Accordingly, if any installment of Rent Yearly Rent, Tenant's Proportionate Share of Operating Costs and Taxes, after hours additional heat, cleaning or air conditioning service charges or any other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) days after when such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge for each thirty (30) day period until paid in full equal to 5% the greater of (i) four percent (4%) of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first amount or (1stii) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment$300.00. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on hereunder including the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee assessment of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)interest under Article 21.6.

Appears in 1 contract

Samples: Lease by And (Cambex Corp)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and administrative, processing, accounting charges, and late charges, which may be imposed on Landlord by the terms of any contract, revolving credit, mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to five (5% %) percent of such overdue amount; provided, however, amount which shall be due and payable with the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentthen delinquent. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In additionthe event that a late charge is payable hereunder unless by such acceptance the default is cured, should Landlord be unable whether or not collected, for three (3) consecutive installments of rent, then rent shall automatically become due and payable quarterly in advance, rather than monthly, notwithstanding any provision of this Lease to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)contrary.

Appears in 1 contract

Samples: Lease (Hybrid Networks Inc)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by the terms of any ground lease, mortgage or security deed covering the Premises. Accordingly, if any installment of Rent rent or other sum due from Tenant shall not be actually received by Landlord or Landlord’s 's designee for deposit in Landlord's account within five seven (57) business days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge equal to five percent (5% %) of such overdue amount; provided, however, the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Tenant Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s 's Default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In additionthe event that a late charge is payable hereunder, should whether or not collected, for three (3) consecutive installments of Base Rent, then notwithstanding Paragraph 4.1 or any other provision of this Lease to the contrary, Base Rent and all other rent payable hereunder shall, at Landlord's option, become due and payable quarterly in advance. Landlord be unable to negotiate any payment made by Initials: Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).Initials

Appears in 1 contract

Samples: Commencement Date Agreement (Brainy Brands Company, Inc.)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs costs, include, but are not limited to, processing and accounting chargescharges and late charges which may be imposed upon Landlord by temis of any mortgage or trust deed covering the premises. Accordingly, if any installment of Rent rent or other any sum due from Tenant shall not be received by Landlord or Landlord’s Landlords designee within five ten (510) days after such said amount shall be is due, then, without any requirement for notice to Tenant, then Tenant shall pay to Landlord a late charge equal to five percent (5% %) of such overdue amount; provided, however, the foregoing late charge shall not be applicable plus any attorneys' fees incurred by Landlord by reason of Tenant's failure to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentpay rent and/or other charges when due hereunder. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by the Landlord shall shall, in no event event, constitute a waiver of Tenant’s Default Tenants default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 1 contract

Samples: Lease (International Solubles Corp)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges that may be imposed on Landlord by the terms of any mortgage covering the Premises. Accordingly, if any installment of Base Rent, Additional Rent or any other sum due from Tenant shall is not be received by Landlord or Landlord’s designee within five (5) days after such said amount shall be is due, then, without any requirement for notice to Tenant, then Tenant shall will immediately pay to Landlord a late charge equal to 5% ten percent (10%) of such overdue amount; amount or the sum of One Hundred Dollars ($100.00), whichever is greater provided, however, the foregoing such late charge shall not will only be applicable to applied upon the first second occurrence during the Term of the Lease (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentas extended). The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs cost Landlord will incur by reason of late payment by Tenant, and is in addition to Interest on Past Due Obligations. Acceptance of such late charge by Landlord shall will in no event constitute a waiver of Tenant’s Default default with respect to such overdue amount, nor or prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s)under this Lease.

Appears in 1 contract

Samples: Lease Agreement (Sonic Foundry Inc)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and administrative, processing, accounting charges, and late charges, which may be imposed on Landlord by the terms of any contract, revolving credit, mortgage or trust deed covering the Premises. Accordingly, if any installment of Rent rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days after Tenant's receipt of written notice that such amount shall be due, then, without any requirement for notice to Tenantis delinquent, Tenant shall pay to Landlord a late charge equal to 5% four percent (4%) of such overdue amount; provided, however, amount which shall be due and payable with the foregoing late charge shall not be applicable to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentthen delinquent. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s Default 's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 1 contract

Samples: Lease Agreement (Netro Corp)

Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent and rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Landlord by terms of any mortgage of trust deed covering the Premises. Accordingly, if any installment of Rent rent or other any sum due from Tenant shall not be received by Landlord or Landlord’s 's designee within five ten (510) days after such the amount shall be is due, then, without any requirement for notice to Tenant, then Tenant shall pay to Landlord a late charge equal to 5% ten (10%) percent of such overdue amount; provided, however, the foregoing late charge shall not be applicable plus any attorney's fees incurred by Landlord by reason of Tenant's failure to the first (1st) instance of late payment of Rent by Tenant until three (3) business days after written notice to Tenant of such late paymentpay rent and/or other charges when due hereunder. The parties hereby agree that such late charge represents charges represent a fair and reasonable estimate of the costs cost that Landlord will incur by reason of the late payment by Tenant. Acceptance of such late charge charges by the Landlord shall in no event constitute a waiver of Tenant’s Default tenant's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, should Landlord be unable to negotiate any payment made by Tenant on the first attempt by Landlord and without any notice to Tenant, Tenant shall pay to Landlord a fee of $50.00 per item which the parties hereby agree represents a fair and reasonable estimate of the costs Landlord will incur by reason of Landlord’s inability to negotiate such item(s).

Appears in 1 contract

Samples: Asset Purchase and Assignment Agreement (Cet Environmental Services Inc)

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