Common use of Additional Rent Based Upon Late Payment Clause in Contracts

Additional Rent Based Upon Late Payment. If Tenant defaults, for more than five (5) days after written notice from Landlord in the payment of any monthly installment of Base Rent, Additional Rent or any of the sums required of Tenant under the Lease, or if Tenant, within five (5) days after demand from Landlord, fails to reimburse Landlord for any expenses incurred by Landlord pursuant to the Lease, then Tenant shall pay Landlord, as Additional Rent, a late charge of five (5%) percent of the rent or expense.

Appears in 1 contract

Samples: Lease Agreement (Gaia, Inc.)

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Additional Rent Based Upon Late Payment. If Tenant defaults, for more than fails to pay within five (5) days after written notice from Landlord in the payment of when due any monthly installment of Base Minimum Rent, Additional Rent additional rent or any of the sums required of Tenant under the Lease, or if Tenant, within five twenty (520) days after demand from Landlord, fails to reimburse Landlord for any expenses incurred by Landlord pursuant to the Lease, together with interest, then Tenant shall pay Landlord, as Additional Rentadditional rent, a late charge of five (5%) percent of the rent or expense.

Appears in 1 contract

Samples: Ammended Commercial Lease Agreement (Mystic Holdings Inc./Nv)

Additional Rent Based Upon Late Payment. If Tenant defaults, for more than five (5) days after written notice from Landlord in the payment of any monthly installment of Base Rentrent, Additional Rent additional rent or any of the sums required of Tenant under the Lease, or if Tenant, within five (5) days after demand from Landlord, fails to reimburse Landlord for any expenses incurred by Landlord pursuant to the Lease, together with interest, then Tenant shall pay Landlord, as Additional Rentadditional rent, a late charge of five (5%) percent of the rent or expense.

Appears in 1 contract

Samples: Lease Agreement (Ift Corp)

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Additional Rent Based Upon Late Payment. If Tenant defaults, for more than five (5) days after written notice from Landlord in the payment of any monthly installment of Base Rentfixed annual rent, Additional Rent additional rent or any of the sums required of Tenant under the Lease, or if Tenant, within five (5) days after demand from Landlord, fails to reimburse Landlord for any expenses incurred by Landlord pursuant to the Lease, together with interest, then Tenant shall pay Landlord, as Additional Rentadditional rent, a late charge of five (5%) percent of the rent or expense.

Appears in 1 contract

Samples: Lease Agreement (Greenhold Group Inc)

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