Interest on Amounts in Arrears Sample Clauses

Interest on Amounts in Arrears. When Basic Rent or any Additional Rent (including interest thereon, if any) payable hereunder by the Tenant to the Landlord is in arrears, the same shall bear interest at the rate of PRIME + 3% per centum per annum and such interest shall be and is agreed to be due and payable on demand as additional rent reserved hereunder.
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Interest on Amounts in Arrears. Whenever any Minimum Rent, or Additional Rent (including interest thereof, if any) payable hereunder by the Tenant to the Landlord is in arrears for ten (10) days after written notice, the same shall bear interest as of the due date to the date of complete payment at the Stipulated Rate of Interest and such interest shall be due and payable on demand as Additional Rent reserved hereunder.
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Interest on Amounts in Arrears. 2.5.1. When the Rent is in arrears, such amounts will bear interest, including interest on overdue interest, at the Prime Rate plus 6% per annum calculated monthly not in advance from the date due until paid, irrespective of whether or not the Landlord demanded payment. The Landlord will have all the remedies for the collection of such interest, if unpaid after demand, as in the case of Rent in arrears, but this stipulation for interest will not prejudice or affect any other remedy of the Landlord under this Lease. If the Tenant fails to pay taxes under clause 3.1 when due, then clause 3.2 will apply rather than this clause 2.5.
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Interest on Amounts in Arrears. When the! Rent or any other amount payabk he1"1::under by the I .essce to the Lessor shall be in :m-ears, such amount shall bear interest at the rate of three per cent (Yk) per annum ::ibo,·c the highest prime commen:ial lending rat\! of the Bank of t-.-Iontreal carrying on business in the City of Vancouver. Province of British Columbia. until paid. and the Lc::;sor shall ha,·e all the remedies for the collection of such interest. if unpaid aft.:r dcm:ind, as in the case of rem in arrears. but this stipulation for interest shall not prejudice or affect any ot11er remetly of the Lessor under this Lease.
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Interest on Amounts in Arrears. When Rent, including any interest accrued thereon, payable hereunder by the Tenant to the Landlord is in arrears, the same will bear interest at a rate equal to 4% per annum above the Prime Rate at the time such Basic Rent or Additional Rent became due, compounded monthly, from the date such rent became due to and including the date of payment. The Landlord will have all remedies for the collection of such interest as it has for the recovery of Basic Rent in arrears.
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Interest on Amounts in Arrears. When Basic Rent or Additional Rent, including any interest accrued thereon, payable thereunder by the Tenant to the Landlord is in arrears, the same will bear interest at a rate equal to two percent (2%) per month from the date such rent became due to and including the date of payment. The Landlord will have all remedies for the collection of such interest as it has for the recovery of Basic Rent in arrears.
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Interest on Amounts in Arrears. When Basic Rent or additional rent, including any interest accrued thereon, payable hereunder is in arrears, the same will bear interest at a rate equal to 5% above the prime rate being charged by The Royal Bank of Canada, 1025 Xxxx Xxxxxxx Xxxxxx, Xxxxxxxxx, X.C., as its "prime rate" to its most favoured commercial customers at the time such Basic Rent or additional rent became due, compounded monthly from the date 8 8 such rent became due to and including the date of such payment. The Landlord will have all remedies for the collection of such interest as it has for the recovery of Basic Rent in arrears.
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Interest on Amounts in Arrears. When rent or any other amount payable under this Lease Agreement by the Lessee to the City is in arrears, such amounts will bear interest at the rate of 10% per annum until paid, irrespective of whether or not the City demanded payment. The City will have all the remedies for collection of such interest, if unpaid after demand, as in the case of rent in arrears, but this stipulation for interest will not prejudice or affect any other remedies available to the City under this Lease Agreement or at law or in equity. If the Lessee fails to pay taxes under section
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Related to Interest on Amounts in Arrears

  • Interest on Arrears Any interest instalment unpaid on maturity shall yield interest, of right and without formal notice, at the same rate as applicable to the portion of the loan whose interest is unpaid on maturity, such interest being payable to the Lender on request.

  • Interest on Payments Any payment by the Receiver pursuant to Section 2.6(d) shall be made together with interest on the amount thereof that accrues with effect from five (5) Business Days after the date on which payment was agreed or determined to be due until such amount is paid. The annual interest rate shall be determined by the Receiver based on the coupon equivalent of the three (3)-month U.S. Treasury Xxxx Rate in effect as of the first Business Day of each Calendar Quarter during which such interest accrues as reported in the Federal Reserve Board Statistical Release for Selected Interest Rates H.15 opposite the caption “Treasury bills (secondary market), 3-Month” or, if not so reported for such day, for the next preceding Business Day for which such rate was so reported.

  • Interest on Advances Each Borrower shall pay interest on the unpaid principal amount of each Advance made to such Borrower by each Bank from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Interest on Late Payments a. State Agencies The payment of interest on certain payments due and owed by Agency may be made in accordance with Article 11-A of the State Finance Law (SFL §179-d et. Seq.) and Title 2 of the New York Code of Rules and Regulations, Part 18 (Implementation of Prompt Payment Legislation -2 NYCRR §18.1 et seq.).

  • Interest on Overdue Payments (a) If, for any reason, a Party does not pay an amount payable under or in connection with this Agreement on or before the due date for payment, it must pay interest to the other Party (who is entitled to receive the payment).

  • Interest on Past Due Amounts In addition to the late charge described in Article 14 below, if any installment of Annual Basic Rent or Additional Rent is not paid promptly when due, it shall bear interest at the Default Rate; provided, however, this provision shall not relieve Tenant from any default in the making of any payment at the time and in the manner required by this Lease; and provided, further, in no event shall the Default Rate exceed the maximum rate (if any) permitted by applicable law.

  • Interest on Term Loans The outstanding principal amount of each Term Loan made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Term Loan is a Base Rate Loan, the Base Rate plus the Applicable Margin in effect from time to time, and (ii) during such periods as such Term Loan is a Eurodollar Loan, the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for the applicable Interest Period plus the Applicable Margin in effect from time to time.

  • Interest on Unpaid Amounts Any amount which has become payable pursuant to the terms of this Agreement or any decision by arbitrators or judgment by a court of law pursuant to this Section 11 but which has not been timely paid shall bear interest at the prime rate in effect at the time such amount first becomes payable, as quoted by the Bank, except as otherwise provided in Sections 5(g), 6(d) and 7(g) of this Agreement (concerning interest payable with respect to certain delayed payments that are subject to Section 409A of the Code).

  • Interest on Term Loan The Credit Agreement is hereby further amended by deleting ss.4.5.1. thereto in its entirety and substituting in lieu thereof the following new ss.4.5.1.:

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