Common use of Interest on refused payments Clause in Contracts

Interest on refused payments. Without prejudice to any other right, remedy or power contained in this Lease or otherwise available to the Landlord, if the Landlord acting as a reasonable institutional Landlord shall decline to accept any of the Rents so as not to waive any existing actual breach, the Tenant shall pay interest on such Rent at the Prescribed Rate from and including the date when payment was due (or, where applicable, would have been due if demanded on the earliest date on which it could have been demanded) to the date when payment is accepted by the Landlord.

Appears in 1 contract

Samples: Seagate Software Inc

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Interest on refused payments. Without prejudice to any other right, remedy or power contained in this Lease or otherwise available to the Landlord, if the Landlord acting as a reasonable institutional Landlord shall decline to accept any of the Rents so as not to waive any existing actual breachbreach or alleged breach of covenant, the Tenant shall pay interest on such Rent at the Prescribed Base Rate from and including the date when payment was due (or, where applicable, would have been due if demanded on the earliest date on which it could have been demanded) to the date when payment is accepted by the Landlord.

Appears in 1 contract

Samples: Investment Technology Group Inc

Interest on refused payments. Without prejudice to any other right, remedy or power contained in this Lease or otherwise available to the Landlord, if the Landlord acting as a reasonable institutional Landlord shall decline to accept any of the Rents so as not to waive any existing actual breachbreach or alleged breach of covenant, the Tenant shall pay interest on such Rent at the Prescribed Rate from and including the date when payment was due (or, where applicable, would have been due if demanded on the earliest date on which it could have been demanded) to the date when payment is accepted by the Landlord.

Appears in 1 contract

Samples: www.hfza.ae

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Interest on refused payments. Without prejudice to any other right, remedy or power contained in this Lease or otherwise available to the Landlord, if the Landlord shall, acting as a reasonable institutional Landlord shall reasonably, decline to accept any of the Rents so as not to waive any existing actual breachbreach or alleged breach of covenant, the Tenant shall pay interest on such Rent at the Prescribed Base Rate from and including the date when payment was due (or, where applicable, would have been due if demanded on the earliest date on which it could have been demanded) to the date when payment is accepted by the Landlord.

Appears in 1 contract

Samples: Occupational Lease (Lazard LTD)

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