Common use of Interest on Damages Clause in Contracts

Interest on Damages. In addition to any other remedies Landlord may have under this Lease, if any Rents, damages or other sums payable hereunder by Tenant to Landlord are not paid within five (5) days after their due date the same shall bear interest at a rate equal to the prime rate established by Xxxxx Fargo Bank (or its successor) on the due date plus two percent (2%), accruing from the due date to the date of payment.

Interest on Damages. In addition to any other remedies Landlord may have under this Lease, if any Rentsany, damages or other sums payable hereunder by Tenant to Landlord are not paid within five (5) days after their due the date on which they are due, the same shall bear interest at a per annum rate equal to the prime rate established by Xxxxx Fargo Bank Prime Rate, plus five (or its successor5) percentage points, on the due date plus two percent (2%), accruing a fully-floating basis from the date on which such payment was due date to the date of paymentuntil paid in full.