Interest on Damage Amounts. Any sums payable by Tenant hereunder, which are not paid after the same shall be due, shall bear interest from that day until paid at the rate of four (4%) percent over the then Prime Rate as published daily under the heading “Money Rates” in The Wall Street Journal, unless such rate be usurious as applied to Tenant, in which case the highest permitted legal rate shall apply (the “Default Rate”).
Appears in 8 contracts
Samples: Lease (Ameriquest, Inc.), Service Lease (JGWPT Holdings Inc.), Lease (GMH Communities Trust)
Interest on Damage Amounts. Any sums payable by Tenant hereunder, which are not paid after the same shall be due, shall bear interest from that day until paid at the rate of four two (42%) percent over the then Prime Rate as published daily under the heading “Money Rates” in The Wall Street Journal, unless such rate be usurious as applied to Tenant, in which case the highest permitted legal rate shall apply (the “Default Rate”).
Appears in 5 contracts
Samples: Lease (Research Pharmaceutical Services, Inc.), Lease Agreement (Emergent BioSolutions Inc.), Lease (Research Pharmaceutical Services, Inc.)
Interest on Damage Amounts. Any sums payable by Tenant hereunder, which are not paid after the same shall be due, shall bear interest from that day until paid at the rate of four (4%) percent over the then Prime Rate as published daily under the heading “"Money Rates” " in The Wall Street Journal, unless such rate be usurious as applied to Tenant, in which case the highest permitted legal rate shall apply (the “"Default Rate”").
Appears in 5 contracts
Samples: Lease (I Stat Corporation /De/), Lease (Sciquest Inc), Hirsch International Corp
Interest on Damage Amounts. Any sums payable by Tenant SUBTENANT hereunder, which are not paid after the same shall be due, shall bear interest from that day until paid at the rate of four (4%) percent over the then Prime Rate as published daily under the heading “Money Rates” in The Wall Street Journal, unless such rate be usurious as applied to TenantSUBTENANT, in which case the highest permitted legal rate shall apply (the “Default Rate”).
Appears in 2 contracts
Samples: Sublease (DMC Global Inc.), Sublease (Dynamic Materials Corp)
Interest on Damage Amounts. Any sums payable by Tenant hereunder, which are not paid after the same shall be due, shall bear interest from that day until paid at the rate of four two (42%) percent percent, less any late payment charges paid by the Tenant, over the then Prime Rate as published daily under the heading “"Money Rates” " in The Wall Street Journal, unless such rate be usurious as applied to Tenant, in which case the highest permitted legal rate shall apply (the “"Default Rate”").
Appears in 1 contract
Samples: Easylink Services Corp
Interest on Damage Amounts. Any sums payable by Tenant -------------------------- hereunder, which are not paid after the same shall be due, shall bear interest from that day until paid at the rate of four (4%) percent over the then Prime Rate as published daily under the heading “beading "Money Rates” " in The Wall Street --------------- Journal, unless such rate be usurious as applied to Tenant, in which case the ------- highest permitted legal rate shall apply (the “"Default Rate”").
Appears in 1 contract
Samples: Sublease and Environmental Conditioning Agreement (Capsule Communications Inc De)
Interest on Damage Amounts. Any sums payable by Tenant hereunder, which are not paid after the same shall be due, shall bear interest from that day until paid at the rate of four (4%) percent over the then Prime Rate as published daily under the heading “of "Money Rates” " in The Wall Street Journal, unless such rate be usurious as applied to Tenant, in which case the highest permitted legal rate shall apply (the “"Default Rate”").
Appears in 1 contract
Samples: Ict Group Inc
