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

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid within five (5) days of when due shall bear interest at the lesser of ten percent (10%) per annum, or the maximum rate permitted by applicable law. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 3 contracts

Sources: Standard Office Lease (Wilshire Enterprises Inc), Lease Agreement (Regenerx Biopharmaceuticals Inc), Lease Agreement (Visual Networks Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein providedprovided to the contrary, any amount due to Landlord that is not paid within five fifteen (515) days of when after the date due shall bear interest at the lesser rate of ten fifteen percent (1015%) per annum, or annum from the maximum rate permitted by applicable lawdate due. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; , provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 2 contracts

Sources: Standard Industrial Lease Agreement, Standard Industrial Lease Agreement (Intest Corp)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid within five (5) days of the date when due shall bear interest at the lesser of ten percent (10%) per annum, annum or the maximum rate permitted by applicable law. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 2 contracts

Sources: Standard NNN Lease (Vaxcyte, Inc.), Standard NNN Lease (SutroVax, Inc.)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is or Tenant and not paid within five (5) days of when due shall bear interest at the lesser of ten (i) fifteen percent (1015%) per annum, annum or (ii) the maximum rate permitted by applicable law, from the date due until the date such amount is paid. Payment of such interest shall be made when such amount is paid. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 2 contracts

Sources: Industrial Lease (Action Performance Companies Inc), Industrial Lease (Action Performance Companies Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein providedprovided to the contrary, any amount due to Landlord that is not paid within five (5) business days of from when due shall bear interest at the lesser of ten percent (10%) per annum, 12% or the maximum rate permitted then allowable by applicable lawlaw from the date due. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; , provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Sources: Standard Industrial Lease Agreement (Etoys Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid within five (5) days of when due shall bear interest from the date due at the lesser of ten percent (10%) 12% per annum, annum or the maximum rate permitted then allowable by applicable law, whichever is less. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Sources: Building Lease (Corixa Corp)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid within five (5) days of when its due date shall bear interest at the lesser of ten percent (10%) per annum, annum or the maximum rate permitted by applicable law. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Sources: Industrial Lease Agreement (G Iii Apparel Group LTD /De/)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid within five (5) days of when due shall bear interest at the lesser of ten six percent (106%) per annum, annum or the maximum rate permitted by applicable law. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Sources: Standard Office Lease (Universal Electronics Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid when due within five (5) business days of when due after written notice from Landlord to Tenant that such amount is delinquent shall bear interest at the lesser of ten percent (10%) per annum, annum or the maximum rate permitted by applicable law. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Sources: Standard Industrial Lease (Intuity Medical, Inc.)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid within five (5) days of when due shall bear interest at the lesser of ten percent (10%) per annum, annum or the maximum rate permitted by applicable law. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by TenantT▇▇▇▇▇.

Appears in 1 contract

Sources: Office Lease (Auxilio Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid within five (5) days of when due due, shall bear interest at the lesser of ten maximum rate then allowable by law from the date due not to exceed fourteen percent (1014%) per annum, or the maximum rate permitted by applicable law). Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Sources: Standard Industrial Lease (Nexar Technologies Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, any amount due to Landlord that is not paid within five (5) days of when due shall bear interest at the lesser of ten twelve percent (1012%) per annum, or the maximum rate permitted then allowable by applicable lawlaw from the date due. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Sources: Standard Industrial Lease (Hansen Natural Corp)

INTEREST ON PAST-DUE OBLIGATIONS. Except as expressly herein provided, provided any amount due to Landlord that is and not paid within five (5) days of when due shall bear interest at the lesser maximum legal rate, or if no legal rate, at the rate of ten one percent (101%) per annum, or month from the maximum rate permitted by applicable lawdate due until paid. Payment of such interest shall not excuse or cure any default by Tenant under this Lease; provided, however, that interest shall not be payable on late charges incurred by Tenant nor on any amounts upon which late charges are paid by Tenant.

Appears in 1 contract

Sources: Business Property Lease Agreement (Scripps Financial Corp)