Delinquent Payments. If any amount to be paid to Lessor is not paid on or before its due date, Lessee shall pay Lessor on demand 2% of such late payment for each month or part thereof from the due date until the date paid or, if less, the maximum allowed by law.
Appears in 7 contracts
Samples: Term Lease Master Agreement (Galileo International Inc), Term Lease Master Agreement (Diamond Brands Operating Corp), Term Lease Master Agreement (Michaels Stores Inc)
Delinquent Payments. If any amount to be paid to Lessor is not paid on or before its due date, Lessee shall pay Lessor on demand two percent (2% %) of such late payment the unpaid amount for each month or part thereof from the due date until the date paid or, if less, the maximum allowed by law.
Appears in 3 contracts
Samples: Term Lease Master Agreement (Streamline Health Solutions Inc.), Term Lease Master Agreement (Startec Global Communications Corp), Term Lease Master Agreement (Sportsnuts Com International Inc)
Delinquent Payments. If any amount to be paid to Lessor is not paid on or before its due date, . Lessee shall pay Lessor on demand 2% of such late payment for each month or part thereof from the due date until the date paid or, if less, the maximum allowed by law.
Appears in 1 contract
Delinquent Payments. If any amount to be paid to Lessor is not paid on or before its due date, Lessee shall pay Lessor on demand 2% of or such late payment for each month or part thereof from the due date until the date paid or, if less, the maximum allowed by law. 37.
Appears in 1 contract
Samples: Lease Master Agreement (Insurance Management Solutions Group Inc)
Delinquent Payments. If any amount to be paid to Lessor is not paid on or before ninety (90) days of its due date, Lessee shall pay Lessor on demand 2interest at the rate of 14% of such late payment for each month or part thereof from the due date per annum until the date paid or, if less, the maximum allowed by law.
Appears in 1 contract
Samples: Ionics Inc
