Common use of Based on Interest Clause in Contracts

Based on Interest. A late fee shall be charged at a rate of occurrence All late payments made related to Rent shall be first applied to the late fee and all remaining amounts toward the outstanding Rent amounts.

Based on Interest. A late fee shall be charged at a rate of [#]% of the Rent amount and applied each ☐
occurrence ☐
day until the Rent is paid in full. All late payments made related to Rent shall be first applied to the late fee and all remaining amounts toward the outstanding Rent amounts.

Based on Interest. A The late fee shall be charged calculated based on the unpaid Rent amount and accumulating at a an interest rate of occurrence [#]% per annum until paid-in-full. All late payments made related to Rent shall be first applied to the late fee and all remaining amounts toward the outstanding Rent amounts.