Late Charges and Interest. 5.01 Any rent or other sums payable by Tenant to Landlord under this Lease which are not paid within five (5) days after they are due and written notice has been provided to Tenant (but if one notice has been given in any twelve (12) month period, no further notice shall be required during such twelve (12) month period), will be subject to a late charge of ten (10%) percent of the amount due. Such late charges will be due and payable as additional rent on or before the next Rent Day.
Appears in 3 contracts
Samples: Subordination Agreement (Vastera Inc), Sun Communities Inc, Origen Financial Inc
Late Charges and Interest. 5.01 Any rent or other sums sums, if any, payable by Tenant to Landlord under this Lease which are not paid within five ten (510) days after they are due due, and written notice has been provided to Tenant any rent or other sums received and accepted by Landlord more than ten (but if one notice has been given in any twelve (1210) month period, no further notice shall be required during such twelve (12) month period)days after they are due, will be subject to a late charge of ten five (105%) percent of the amount due. Such late charges will be due and payable as additional rent on or before the next Rent Day.
Appears in 3 contracts
Samples: Net Lease (Axsys Technologies Inc), Net Lease (Axsys Technologies Inc), Net Lease (Axsys Technologies Inc)
Late Charges and Interest. 5.01 Any rent or other sums payable by Tenant to Landlord under this Lease which are not paid within five (5) days after they are due and written notice has been provided to Tenant (but if one notice has been given in any twelve (12) month period, no further notice shall be required during such twelve (12) month period), will be subject to a late charge of ten (10%) percent of the amount due. Such late charges will be due and payable as additional rent on or before the next Rent Day.
Appears in 3 contracts
Samples: Syntel Inc, Advanced Systems International Inc, National Techteam Inc /De/
Late Charges and Interest. 5.01 4.01 Any rent or other sums sums, if any, payable by Tenant to Landlord under this Lease which are not paid within five (5) days after they are due due, and written notice has been provided to Tenant any rent or other sums received and accepted by Landlord more than five (but if one notice has been given in any twelve (125) month period, no further notice shall be required during such twelve (12) month period)days after they are due, will be subject to a late charge of ten two percent (102%) percent of the amount duedue in each instance, to cover Landlord’s additional administrative costs. Such late charges will be due and payable as additional rent on or before the due date of the next Rent Dayinstallment of minimum net rent.
Appears in 2 contracts
Samples: Lease (Veri-Tek International, Corp.), Lease (Manitex International, Inc.)
Late Charges and Interest. 5.01 Any rent or other sums payable by Tenant to Landlord under this Lease which are not paid within five (5) business days after they are due and written notice has been provided to Tenant (but if one notice has been given in any twelve (12) month period, no further notice shall be required during such twelve (12) month period), will be subject to a late charge of three percent (3%) of the amount due for first occurrence per calendar year that an amount payable is not paid within five (5) business days after it is due, and ten (10%) percent of the amount due for any subsequent occurrence that an amount payable has not been paid within five (5) business days after such amount was due. Such late charges will be due due, and payable as additional rent on or before the next Rent Day.
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Samples: Talk America Holdings Inc
Late Charges and Interest. 5.01 4.01 Any rent or other sums sums, if any, payable by Tenant to Landlord under this Lease which are not paid within five (5) days after they are due due, and written notice has been provided to Tenant any rent or other sums received and accepted by Landlord more than five (but if one notice has been given in any twelve (125) month period, no further notice shall be required during such twelve (12) month period)days after they are due, will be subject to a late charge of ten two percent (102%) percent of the amount duedue in each instance, to cover Landlord's additional administrative costs. Such late charges will be due and payable as additional rent on or before the due date of the next Rent Dayinstallment of minimum net rent.
Appears in 1 contract
Samples: Lease (Noble International LTD)
Late Charges and Interest. 5.01 4.01 Any rent or other sums payable by Tenant to Landlord under this Lease which are not paid within five seven (57) days after they are the same is due and written notice has been provided to Tenant (but if one notice has been given in any twelve (12) month period, no further notice shall be required during such twelve (12) month period), will be subject to incur a late charge for reimbursement of ten Landlord's anticipated out-of-pocket expenses due to such failure to pay of five percent (105%) percent of the amount due. Such late charges will be due and payable as additional rent on or before the next Rent Dayof such payment.
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Late Charges and Interest. 5.01 Any rent or other sums sums, if any, payable by Tenant to Landlord under this Lease which are not paid within five (5) seven days after they are due due, and written notice has been provided to Tenant (but if one notice has been given in any twelve (12) month period, no further notice shall be required during such twelve (12) month period)rent or other sums received and accepted by Landlord more than seven days after they are due, will be subject to a late charge of ten two percent (102%) percent of the amount due. Such late charges will be due and payable as additional rent on or before the next Rent Day.
Appears in 1 contract
Samples: Net Lease (American Axle & Manufacturing Holdings Inc)
Late Charges and Interest. 5.01 Any rent or other sums sums, if any, payable by Tenant to Landlord under this Lease which are not paid within five (5) business days after they are due due, and written notice has been provided to Tenant any rent or other sums received and accepted by Landlord more than five (but if one notice has been given in any twelve (125) month period, no further notice shall be required during such twelve (12) month period)business days after they are due, will be subject to a late charge of ten five (105%) percent of the amount due. Such late charges will be due and payable as additional rent on or before the next Rent Day.
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