Common use of Interest on  Landlord's  Advances Clause in Contracts

Interest on  Landlord's  Advances. Any amounts paid by Landlord to cure any defaults of Tenant hereunder, which Landlord shall have the right, but not the obligation, to do, shall, if not repaid by Tenant within ten (10) calendar days of demand by Landlord, thereafter bear interest at the rate of eighteen percent (18%) per annum. ARTICLE 21.

Appears in 1 contract

Samples: Lease (Healthetech Inc)

AutoNDA by SimpleDocs

Interest on  Landlord's  Advances. Any amounts paid by Landlord to cure any defaults of Tenant hereunder, which Landlord shall have the right, but not the obligation, to do, shall, if not repaid by Tenant within ten five (105) calendar days of demand by Landlord, thereafter bear interest at the rate of eighteen five percent (185%) over the then Prime Rate but not less than twenty-four percent (24%) per annum. ARTICLE 21, until paid.

Appears in 1 contract

Samples: Lease (Integrated Information Systems Inc)

Interest on  Landlord's  Advances. Any amounts paid by Landlord to cure any defaults of Tenant hereunder, which Landlord shall have the right, but not the obligation, to do, shall, if not repaid by Tenant within ten five (105) calendar days of demand by Landlord, thereafter bear interest at the greater of the rate that is five (5%) percent over the Prime Rate in effect as of eighteen the date of such payment by Landlord, or twenty-four percent (1824.0%) per annum. ARTICLE 21until paid.

Appears in 1 contract

Samples: Standard Building Lease (Bourbon Brothers Holding Corp)

AutoNDA by SimpleDocs

Interest on  Landlord's  Advances. Any amounts paid by Landlord to cure any defaults of Tenant hereunder, which Landlord shall have the right, but not the obligation, to do, shall, if not repaid by Tenant within ten nine (109) calendar days of demand by Landlord, thereafter bear interest at the rate of eighteen percent (18%) per annum. ARTICLE 21.

Appears in 1 contract

Samples: Office Lease (Heatwurx, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.