Common use of Failure to Pay Interest Clause in Contracts

Failure to Pay Interest. If Tenant at any time shall fail to pay any taxes, assessments or liens, provide insurance or perform any act required by this Lease to be made or performed by it, or fail to pay any charge payable by Tenant or to timely discharge any other monetary obligation of Tenant required by this Lease, Landlord, without waiving or releasing Tenant from any obligation or default under this Lease, may (but shall be under no obligation to) at any time thereafter make such payment or perform such act for the account and at the expense of Tenant. All sums so paid by Landlord and all costs and expenses so incurred shall accrue interest at the rate of eight (8%) percent per annum from the date of payment or incurring thereof by Landlord and shall constitute Additional Rent payable by Tenant under this Lease and shall be paid by Tenant to Landlord within ten (10) days of demand. Notwithstanding anything to the contrary contained herein, if Tenant fails to contest any invoice or other written demand for payment of rent or any other sums due within the time frames specified in the Lease for payment, then Tenant shall have no rights to contest such invoice or bxxx thereafter.

Failure to Pay Interest. If Tenant at any time shall fail to pay any ------------------------ taxes, assessments or liens, provide insurance or perform any act required by this Lease to be made or performed by it, or fail to pay any charge payable by Tenant or to timely discharge any other monetary obligation of Tenant required by this Lease, Landlord, without waiving or releasing Tenant from any obligation or default under this Lease, may (but shall be under no obligation to) at any time thereafter make such payment or perform such act for the account and at the expense of Tenant. All sums so paid by Landlord and all costs and expenses so incurred shall accrue interest at a rate equal to the maximum rate of eight (8%) percent per annum permitted by law from the date of payment or incurring thereof by Landlord and shall constitute Additional Other Rent payable by Tenant under this Lease and shall be paid by Tenant to Landlord within ten (10) days of upon demand. Notwithstanding anything to the contrary contained herein, if Tenant fails to contest any invoice or other written demand for payment of rent or any other sums due within the time frames specified in the Lease for payment, then Tenant shall have no rights to contest such invoice or bxxx bill thereafter.

Failure to Pay Interest. If Tenant at any time shall fail to pay any taxes, assessments or liens, provide insurance or perform any act required by this Lease to be made or performed by it, or fail to pay any charge payable by Tenant or to timely discharge any other monetary obligation of Tenant required by this Lease, Landlord, without waiving or releasing Tenant from any obligation or default under this Lease, may (but shall be under no obligation to) at any time thereafter make such payment or perform such act for the account and at the expense of Tenant. All sums so paid by Landlord and all costs and expenses so incurred shall accrue interest at a rate equal to the maximum rate of eight (8%) percent per annum permitted by law from the date of payment or incurring thereof by Landlord and shall constitute Additional Other Rent payable by Tenant under this Lease and shall be paid by Tenant to Landlord within ten (10) days of upon demand. Notwithstanding anything to the contrary contained herein, if Tenant fails to contest any invoice or other written demand for payment of rent or any other sums due within the time frames specified in the Lease for payment, then Tenant shall have no rights to contest such invoice or bxxx xxxx thereafter.

Failure to Pay Interest. If Tenant at any time shall fail to pay any taxes, assessments or liens, provide insurance or perform any act required by this Lease to be made or performed by it, or fail to pay any charge payable by Tenant or to timely discharge any other monetary obligation of Tenant required by this Lease, Landlord, without waiving or releasing Tenant from any obligation or default under this Lease, may (but shall be under no obligation to) at any time thereafter make such payment or perform such act for the account and at the expense of Tenant. All sums so paid by Landlord and all costs and expenses so incurred shall accrue interest at a rate equal to the maximum rate of eight (8%) percent per annum permitted by law from the date of payment or incurring thereof by Landlord and shall constitute Additional Other Rent payable by Tenant under this Lease and shall be paid by Tenant to Landlord within ten (10) days of upon demand. Notwithstanding anything to the contrary contained herein, if Tenant fails to contest any invoice or other written demand for payment of rent or any other sums due within the time frames specified in the Lease for payment, then Tenant shall have no rights to contest such invoice or bxxx bill thereafter.

Failure to Pay Interest. If Tenant at any time shall fail to pay any taxes, assessments or liens, provide insurance to make any payment or perform any act required by this Lease to be made or performed by it, or fail to pay any charge payable by Tenant or to timely discharge any other monetary obligation of Tenant required by this Lease, Landlord, without waiving or releasing Tenant from any obligation or default under this Lease, may (but shall be under no obligation to) at any time thereafter make such payment or perform such act for the account and at the expense of Tenant. All sums so paid by Landlord and all costs and expenses so incurred shall accrue interest at a rate equal to the rate lesser of eight one and one-half percent (81.5%) percent per annum month or the maximum rate permitted by law, from the date of payment or incurring thereof by Landlord and shall constitute Additional Rent additional rent payable by Tenant under this Lease and shall be paid by Tenant to Landlord within ten (10) days of upon demand. Notwithstanding anything All other sums payable by Tenant to Landlord under this Lease, if not paid when due, shall accrue interest at a rate equal to the contrary contained hereinlesser of one and one-half percent (1.5%) per month or the maximum rate permitted by law, if from their due date until paid, said interest to also constitute additional rent under this Lease and shall be paid to Landlord by Tenant fails to contest any invoice or other written demand for payment of rent or any other sums due within the time frames specified in the Lease for payment, then Tenant shall have no rights to contest such invoice or bxxx thereafterupon demand.