Common use of INTEREST ON PAST-DUE OBLIGATIONS Clause in Contracts

INTEREST ON PAST-DUE OBLIGATIONS. Any Monthly Installment of -------------------------------- rent or any other sum due from Tenant under this Lease which is received by Landlord after the date the same is due shall bear interest from said due date until paid, at an annual rate equal to the greater of (the "Permitted Rate"): (1) ten percent (10%); or (2) five percent (5%) plus the rate established by the Federal Reserve Bank of San Francisco, as of the twenty-fifth (25th) day of the month immediately preceding the due date, on advances to member banks under Sections 13 and 13(a) of the Federal Reserve Act, as now in effect or hereafter from time to time amended. Payment of such interest shall not excuse or cure any default by Tenant. In addition, Tenant shall pay all reasonable costs and attorneys' fees incurred by Landlord in collection of such amounts.

Appears in 2 contracts

Samples: Lease Agreement (Verisign Inc/Ca), Lease Agreement (Verisign Inc/Ca)

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INTEREST ON PAST-DUE OBLIGATIONS. Any Monthly Installment of -------------------------------- rent or any other sum due from Tenant under this Lease which is received by Landlord after the date the same is due shall bear interest from said due date until paid, at an annual rate equal to the greater lesser of (the "Permitted Rate"): (1) ten twelve percent (1012%); or (2) five percent (5%) plus the rate established by the Federal Reserve Bank of San Francisco, as of the twenty-fifth (25th) day of the month immediately preceding the due date, on advances to member banks under Sections Section 13 and 13(a13 (a) of the Federal Reserve Act, as now in effect or hereafter from time to time amended. Payment of such interest shall not excuse or cure any default by Tenant. In addition, Tenant shall pay all reasonable costs and attorneys' fees incurred by Landlord in collection of such amounts.

Appears in 1 contract

Samples: Improvement Agreement (Western Digital Corp)

INTEREST ON PAST-DUE OBLIGATIONS. Any Monthly Installment of -------------------------------- rent or any other sum due from Tenant under this Lease which is received by Landlord after the date the same is due shall bear interest from said due date until paid, at an annual rate equal to the greater lesser of (the "Permitted Rate"): (1) ten percent (10%); or (2) five percent (5%) plus the rate established by the Federal Reserve Bank of San Francisco, as of the twenty-fifth (25th) day of the month immediately preceding the due date, on advances to member banks under Sections Section 13 and 13(a13 (a) of the Federal Reserve Act, as now in effect or hereafter from time to time amended. Payment of such interest shall not excuse or cure any default by Tenant. In addition, Tenant shall pay all reasonable costs and attorneys' fees incurred by Landlord in collection of such amounts.

Appears in 1 contract

Samples: Lease Agreement (3dfx Interactive Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any Monthly Installment of -------------------------------- rent or any other sum due from Tenant under this Lease which is received by Landlord after the date the same is due shall bear interest from said due date until paid, at an annual rate equal to the greater lesser of (the "Permitted Rate"): ) : (1) ten percent (10%); or (2) five percent (5%) plus the rate established by the Federal Reserve Bank of San Francisco, as of the twenty-fifth (25th) day of the month immediately preceding the due date, on advances to member banks under Sections Section 13 and 13(a13 (a) of the Federal Reserve Act, as now in effect or hereafter from time to time amended. Payment of such interest shall not excuse or cure any default by Tenant. In addition, Tenant shall pay all reasonable costs and attorneys' , fees incurred by Landlord in collection of such amounts.

Appears in 1 contract

Samples: Sublease Agreement (Ag Associates Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any Monthly Installment of -------------------------------- rent or -------------------------------- any other sum due from Tenant under this Lease which is received by Landlord more than thirty (30) days after the date the same is due shall bear interest from said due date until paid, at an annual rate equal to the greater of (the "Permitted Rate"): (1) ten percent (10%); or (2) five percent (5%) plus the rate established by the Federal Reserve Bank of San Francisco, as of the twenty-twenty- fifth (25th) day of the month immediately preceding the due date, on advances to member banks under Sections 13 and 13(a) of the Federal Reserve Act, as now in effect or hereafter from time to time amended. Payment of such interest shall not excuse or cure any default by Tenant. In addition, Tenant shall pay all reasonable costs and attorneys' fees incurred by Landlord in collection of such amounts.

Appears in 1 contract

Samples: Sublease Agreement (Verisign Inc/Ca)

INTEREST ON PAST-DUE OBLIGATIONS. Any Monthly Installment of -------------------------------- rent or any other sum due from Tenant under this Lease which is received by receive Landlord after the date the same is due shall bear interest from Thirty days after said due date until paid, at an annual rate equal to the greater lesser of (the "Permitted Rate"): (1) ten twelve percent (1012%); or (2) five percent (5%) plus the rate established by the Federal Reserve Bank of San Francisco, as of the twenty-fifth (25th) day of the month immediately preceding the due date, on advances to member banks under Sections 13 and 13(a) of the Federal Reserve Act, as now in effect or hereafter from time to time amended. Payment of such interest shall not excuse or cure any default by Tenant. In addition, Tenant shall pay all reasonable costs and attorneys' fees incurred by Landlord in collection of such amounts.

Appears in 1 contract

Samples: Lease Agreement (Nanometrics Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any Monthly Installment installment of -------------------------------- rent Base Rent or Additional Rent due from Tenant, or any other sum due from Tenant under this Lease from Tenant, which is not received by Landlord after the date the same is due when due, shall bear interest from said due date until paid, at an annual rate equal to the greater lower of (the "Permitted Rate"): (1a) ten twelve percent (1012%); or (2b) five percent (5%) plus the rate established by the Federal Reserve Bank of San Francisco, as of the twenty-fifth (25th) day of the month immediately preceding the due date, on advances to member banks under Sections 13 and 13(a) of the Federal Reserve Act, as now in effect or hereafter from time to time amended. Payment of such interest shall not excuse or cure any default by Tenant. In addition, Tenant shall pay all reasonable costs and attorneys' fees incurred by Landlord in collection of such amounts.

Appears in 1 contract

Samples: Improvement Agreement (Leapfrog Enterprises Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any Monthly Installment of -------------------------------- rent or any other sum due from Tenant under this Lease which is received by Landlord after the date the same is due shall bear interest from the date which is thirty (30) days following said due date until paid, at an annual rate equal to the greater of (the "Permitted Rate"): (1) ten percent (10%); or (2) five percent (5%) plus the rate established by the Federal Reserve Bank of San Francisco, as of the twenty-fifth (25th) day of the month immediately preceding the due date, on advances to member banks under Sections 13 and 13(a) of the Federal Reserve Act, as now in effect or hereafter from time to time amended. Payment of such interest shall not excuse or cure any default by Tenant. In addition, Tenant shall pay all reasonable costs and attorneys' fees incurred by Landlord in collection of such amounts.

Appears in 1 contract

Samples: Mips Technologies Inc

INTEREST ON PAST-DUE OBLIGATIONS. Any Monthly Installment installment of -------------------------------- rent Base Rent or Additional Rent due from Tenant, or any other sum due from Tenant under this Lease from Tenant, which is not received by Landlord after the date the same is due when due, shall bear interest from said due date until paid, at an annual rate equal to the greater lower of (the "Permitted Rate"): (1a) ten twelve percent (1012%); or (2b) five percent (5%) plus the rate established by the Federal Reserve Bank of San Francisco, as of the twenty-fifth (25th) day of the month immediately preceding the due date, on advances to member banks under Sections 13 and 13(a) of the Federal Reserve Act, as now in effect or hereafter from time to time amended. Payment of such interest shall not excuse or cure any default by Tenant. In addition, Tenant shall pay all reasonable costs and attorneys' fees incurred by Landlord in collection of such amounts.. 20.18

Appears in 1 contract

Samples: Standard Lease Agreement (Intest Corp)

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INTEREST ON PAST-DUE OBLIGATIONS. Any Monthly Installment of -------------------------------- rent or any other sum due from Tenant under this Lease which is received by Landlord after the date the same is due shall bear interest from said due date until paid, at an annual rate equal to the greater of (the "Permitted Rate"): (1) ten percent (10%); or (2) five percent (5%) plus the rate established by the Federal Reserve Bank of San Francisco, as of the twenty-fifth (25th) day of the month immediately preceding the due date, on advances to member banks under Sections Section 13 and 13(a13 (a) of the Federal Reserve Act, as now in effect or hereafter from time to time amended. Payment of such interest shall not excuse or cure any default by Tenant. In addition, Tenant shall pay all reasonable costs and attorneys' attorneys fees incurred by Landlord in collection of such amounts.

Appears in 1 contract

Samples: Lease Agreement (New Focus Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any Monthly Installment of rent -------------------------------- rent or any other sum due from Tenant under this Lease which is received by Landlord after the date the same is due shall bear interest from said due date until paid, at an annual rate equal to the greater of (the "Permitted Rate"): (1) ten percent (10%); or (2) five percent (5%) plus the rate established by the Federal Reserve Bank of San Francisco, as of the twenty-fifth (25th) day of the month immediately preceding the due date, on advances to member banks under Sections 13 and 13(a) of the Federal Reserve Act, as now in effect or hereafter from time to time amended. Payment of such interest shall not excuse or cure any default by Tenant. In addition, Tenant shall pay all reasonable costs and attorneys' fees incurred by Landlord in collection of such amounts.

Appears in 1 contract

Samples: Lease Agreement (Cybersource Corp)

INTEREST ON PAST-DUE OBLIGATIONS. Any Monthly Installment of -------------------------------- rent or any other sum due from Tenant under this Lease which is received by Landlord after the date the same is due shall bear interest from said due date until paid, at an annual rate equal to the greater lesser of (the "Permitted Rate"): (1) ten twelve percent (1012%); or (2) five percent (5%) plus the rate established by the Federal Reserve Bank of San Francisco, as of the twenty-fifth (25th) day of the month immediately preceding the due date, on advances to member banks under Sections Section 13 and 13(a) of the Federal Reserve Act, as now in effect or hereafter from time to time amended. Payment of such interest shall not excuse or cure any default by Tenant. In addition, Tenant shall pay all reasonable costs and attorneys' fees incurred by Landlord in collection of such amounts.

Appears in 1 contract

Samples: Lease Agreement (Elexsys International Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any Monthly Installment of -------------------------------- rent or any other sum due from form Tenant under this Lease which is received by Landlord after the date the same is due shall bear interest from said due date until paid, at an annual rate equal to the greater lesser of (the "Permitted Rate"): (1) ten twelve percent (1012%); or (2) five percent (5%) plus the rate established by the Federal Reserve Bank of San Francisco, as of the twentyTwenty-fifth (25th) day of the month immediately preceding the due date, on advances to member banks under Sections Section 13 and 13(a13 (a) of the Federal Reserve Act, as now in effect or hereafter from time to time amended. Payment of such interest shall not excuse or cure any default by Tenant. In addition, Tenant shall pay all reasonable costs and attorneys' fees incurred by Landlord in collection of such amounts.

Appears in 1 contract

Samples: Lease Agreement (Novellus Systems Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any Monthly Installment of -------------------------------- rent or any other sum due from Tenant under this Lease which is received by Landlord after the date the same is due shall bear interest from said due date until paid, at an annual rate equal to the greater of (the "Permitted Rate"): (1) ten percent (10%); or (2) five percent (5%) plus the rate established by the Federal Reserve Bank of San Francisco, as of the twenty-fifth (25th) day of the month immediately preceding the due date, on advances to member banks under Sections 13 and 13(a) of the Federal Reserve Act, as now in effect or hereafter from time to time amended. Payment of such interest shall not excuse or cure any default by Tenant. In addition, Tenant shall pay all reasonable costs and attorneys' fees incurred by Landlord in collection of such amounts.

Appears in 1 contract

Samples: Lease Agreement (CKS Group Inc)

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