Common use of DEFAULT INTEREST AND INTEREST Clause in Contracts

DEFAULT INTEREST AND INTEREST. 14.1 If any Annual Rent or any other money payable under this lease has not been paid within 14 days from the date it is due, whether it has been formally demanded or not, the Tenant shall pay the Landlord interest at the Default Interest Rate (both before and after any judgment) on that amount for the period from the due date to and including the date of payment.

Appears in 1 contract

Samples: Supplemental Agreement (Mitel Networks Corp)

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DEFAULT INTEREST AND INTEREST. 14.1 11.1 If any Annual Rent or any other money payable under this lease Lease has not been paid within 14 28 days from of the date it is due, due whether it has been formally demanded or not, not the Tenant shall pay the Landlord interest at the Default Interest Rate (both before and after any judgment) on that amount for the period from the due date to and including the date of payment.

Appears in 1 contract

Samples: www.dukesfield.org.uk

DEFAULT INTEREST AND INTEREST. 14.1 13.1 If any Annual Rent or any other money properly payable under this lease has not been paid within 14 21 days from of the date it is due, whether it has been formally demanded or not, the Tenant shall pay the Landlord interest at the Default Interest Rate (both before and after any judgment) on that amount for the period from the due date to and including the date of paymentpayment subject on each occasion to a minimum payment of £1000.

Appears in 1 contract

Samples: Land And

DEFAULT INTEREST AND INTEREST. 14.1 18.1 If any Annual Rent or any other money payable by the Tenant under this lease has not been paid within 14 seven days from of the date it is duedue date, whether in the case of the Annual Rent it has been formally demanded or not, the Tenant shall pay the Landlord or (in the case of the Estate Service Charge) the Management Company interest at the Default Interest Rate (both before and after any judgment) on that amount for the period from beginning on the due date to and including the date of payment.

Appears in 1 contract

Samples: Lease (Vaccitech PLC)

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DEFAULT INTEREST AND INTEREST. 14.1 13.1 If any Annual Rent or any other money payable under this lease has not been paid within 14 days from by the date it is due, due whether it has been formally demanded or notnot or if any other money due under the terms of this Lease has not been paid within 15 working days of the Tenant’s receipt of a written demand therefor, the Tenant shall pay the Landlord interest on that amount at the Default Interest Rate (both before and after any judgment) ). Such interest shall accrue on that amount a daily basis for the period from beginning on the due date to and including the date of payment.

Appears in 1 contract

Samples: Summit Therapeutics PLC

DEFAULT INTEREST AND INTEREST. 14.1 11.1 If any Annual Rent or any other money payable under this lease has not been paid within 14 fourteen days from of the date it is due, whether it has been formally demanded or not, the Tenant shall pay the Landlord interest on that amount at the Default Interest Rate (both before and after any judgment) ). Such interest shall accrue on that amount a daily basis for the period from the due date to and including the date of payment.

Appears in 1 contract

Samples: Lease

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