Delayed Payment Charge. Lessee shall pay to Lessor interest upon the amount of any Daily Rent, Monthly Rent or other sums not paid by Lessee when due and owing under this Lease Agreement, from the due date thereof until paid, at the rate of one and one half (1-1/2) percent per month, but if such rate violates applicable law, then the maximum rate of interest allowed by such law.
Appears in 6 contracts
Samples: Master Lease Agreement (Texfi Industries Inc), Master Lease Agreement (American Skiing Co /Me), Master Lease Agreement (American Income Partners v B LTD Partnership)
Delayed Payment Charge. Lessee shall pay to Lessor interest upon the amount of any Daily Rent, Monthly Rent or other sums not paid by Lessee when due and owing under this Lease Agreement, from the due date thereof until paid, at the rate of one and one half (1-1 1/2) percent per month, but if such rate violates applicable law, then the maximum rate of interest allowed by such law.
Appears in 2 contracts
Samples: Master Lease Agreement (Acorn Products Inc), Master Lease Agreement (Digital Sound Corp)
Delayed Payment Charge. Lessee shall pay to Lessor interest upon the amount of any Daily Rent, Monthly Periodic Rent or other sums not paid by Lessee when due and owing under this the applicable Lease AgreementSchedule, from the due date thereof until paid, at the rate of one and one half percent (1-1/21.5%) percent per month, but if such rate violates applicable law, then at the maximum rate of interest allowed by such law.
Appears in 2 contracts
Samples: Master Agreement (Freedom Securities Corp /De/), Master Agreement (Freedom Securities Corp /De/)
Delayed Payment Charge. Lessee shall pay to Lessor interest upon the amount of any Daily Rent, Monthly Rent or other sums not paid by Lessee when due and owing under this Lease Agreement, from the due date thereof until paid, at the rate of one and one half (1-1/21/2 ) percent per month, but if such rate violates applicable law, then the maximum rate of interest allowed by such law.
Appears in 1 contract
Delayed Payment Charge. Lessee shall pay to Lessor interest upon the amount of any Daily Rent, Monthly Rent or other sums not paid by Lessee when due and owing under this Lease Agreement, from the due date thereof until paid, at the rate of one and one half (1-1/2) percent per month, but if such rate violates applicable law, then the maximum rate of interest allowed by such law. 16.
Appears in 1 contract
Delayed Payment Charge. Lessee shall pay to Lessor interest upon the amount of any Daily Rent, Monthly Rent or other sums not paid by Lessee when due and owing under this Lease Agreement, from the me due date thereof until paid, at the rate of one and one half (1-1/2) percent per month, but if such rate violates applicable law, then the maximum rate of interest allowed by such law.
Appears in 1 contract
Samples: Master Lease Agreement (Kopin Corp)
Delayed Payment Charge. Lessee shall pay to Lessor interest upon the amount of any Daily Rent, Monthly Periodic Rent or other sums not paid by Lessee when due and owing under this the applicable Lease AgreementSchedule, from the due date thereof until paid, at the rate of one and one half percent (1-1/21.5%) percent per month, but if such rate violates applicable law, then at the maximum rate of interest allowed by such law. 16.
Appears in 1 contract
Samples: Master Agreement (Ditech Corp)
