Common use of Overdue Payments Clause in Contracts

Overdue Payments. Lessee shall pay interest on all overdue payments of Rent or other monetary amounts due hereunder at the rate of fifteen percent (15%) per annum or the highest rate allowed by law, whichever is less, accruing from the date such Rent or other monetary amounts were properly due and payable.

Appears in 25 contracts

Samples: Net Lease Agreement (Aei Income & Growth Fund Xxi LTD Partnership), Lease Agreement (Aei Real Estate Fund Xviii Limited Partnership), Net Lease Agreement (Aei Income & Growth Fund Xxi LTD Partnership)

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Overdue Payments. Lessee shall pay interest on all overdue payments of Rent or other monetary amounts due hereunder at the rate of fifteen percent (15%) per annum or the highest rate allowed by law, whichever is less, accruing from the date such beginning five days after written notice to Lessee that Rent or other monetary amounts were properly due and payablepayable were not paid.

Appears in 18 contracts

Samples: Lease Agreement (Aei Net Lease Income & Growth Fund Xx Limited Partnership), Net Lease Agreement (Aei Real Estate Fund Xv LTD Partnership), Lease Agreement (Aei Net Lease Income & Growth Fund Xix Limited Partnership)

Overdue Payments. Lessee shall pay interest on all overdue payments of Rent or other monetary amounts due hereunder at a rate equal to the prime rate of fifteen percent (15%as announced by the Wall Street Journal newspaper) per annum or the highest rate allowed by law, whichever is lessplus two percent, accruing from the date such Rent Rental or other monetary amounts were properly due and payable.

Appears in 9 contracts

Samples: Net Lease Agreement (Aei Income & Growth Fund Xxii LTD Partnership), Net Lease Agreement (Aei Income & Growth Fund Xxi LTD Partnership), Lease Agreement (Aei Income & Growth Fund 24 LLC)

Overdue Payments. Lessee shall pay interest on all overdue payments of Rent Rental or other monetary amounts due hereunder at a rate equal to the prime rate of fifteen percent (15%as announced by the Wall Street Journal newspaper) per annum or the highest rate allowed by law, whichever is lessplus two percent, accruing from the date such Rent Rental or other monetary amounts were properly due and payable.

Appears in 8 contracts

Samples: Net Lease Agreement (Aei Income & Growth Fund Xxii LTD Partnership), Net Lease Agreement (Aei Income & Growth Fund Xxii LTD Partnership), Purchase and Sale Agreement and Escrow Instructions (Aei Real Estate Fund Xv LTD Partnership)

Overdue Payments. Lessee shall pay interest on all overdue payments of Rent or other monetary amounts due hereunder at the rate of fifteen twelve percent (1512%) per annum or the highest rate allowed by law, whichever is less, accruing from the expiration of the applicable notice and cure period after the date such Rent or other monetary amounts were properly due and payable.

Appears in 8 contracts

Samples: Net Lease Agreement (Aei Real Estate Fund Xviii Limited Partnership), Net Lease Agreement (Aei Net Lease Income & Growth Fund Xix Limited Partnership), Net Lease Agreement (Aei Income & Growth Fund 23 LLC)

Overdue Payments. Lessee shall pay interest on all overdue payments of Rent or other monetary amounts due hereunder at the rate of fifteen percent (15%) per annum or the highest rate allowed by law, whichever is less, accruing from the expiration of the applicable notice and cure period after the date such Rent or other monetary amounts were properly due and payable.

Appears in 4 contracts

Samples: Financing Agreement (Aei Income & Growth Fund 23 LLC), Net Lease Agreement (Aei Income & Growth Fund Xxi LTD Partnership), Net Lease Agreement (Aei Income & Growth Fund 23 LLC)

Overdue Payments. Lessee shall pay interest on all overdue payments of Rent or other monetary amounts due hereunder at the rate of fifteen eighteen percent (1518%) per annum or the highest rate allowed by law, whichever is less, accruing from the date such Rent or other monetary amounts were properly due and payable.

Appears in 3 contracts

Samples: Net Lease Agreement (Aei Income & Growth Fund Xxii LTD Partnership), Net Lease Agreement (Aei Real Estate Fund Xvii Limited Partnership), Net Lease Agreement (Aei Real Estate Fund 85-a LTD Partnership)

Overdue Payments. Lessee shall pay interest on all overdue payments of Rent or other monetary amounts due hereunder at the rate of fifteen the lesser of eighteen percent (1518%) per annum or the highest rate allowed by law, whichever is less, law accruing from the date such Rent or other monetary amounts were properly due and payable.

Appears in 3 contracts

Samples: Net Lease Agreement (Aei Real Estate Fund Xvii Limited Partnership), Net Lease Agreement (Aei Real Estate Fund Xviii Limited Partnership), Net Lease Agreement (Aei Real Estate Fund Xvi LTD Partnership)

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Overdue Payments. Lessee shall pay interest on all overdue payments of Rent or other monetary amounts due hereunder at lesser of the rate of fifteen percent (15%) per annum or the highest rate allowed by law, whichever is less, law accruing from after the date such Rent or other monetary amounts were properly due and payableexpiration of any applicable cure period.

Appears in 2 contracts

Samples: Net Lease Agreement (Aei Real Estate Fund 85-a LTD Partnership), Net Lease Agreement (Aei Income & Growth Fund Xxii LTD Partnership)

Overdue Payments. Lessee shall pay interest on all overdue payments of Rent or other monetary amounts due hereunder at the rate of fifteen eighteen percent (1518%) per annum or the highest rate allowed by law, whichever is less, accruing from the date such beginning five days after written notice to Lessee that Rent or other monetary amounts were properly due and payablepayable were not paid.

Appears in 1 contract

Samples: Net Lease Agreement (Aei Real Estate Fund Xv LTD Partnership)

Overdue Payments. Lessee shall pay interest on all overdue payments of Rent or other monetary amounts due hereunder at the rate of fifteen percent (15%) per annum or the highest rate allowed by law, whichever is less, accruing from the date fifth business day after written notice that such Rent or other monetary amounts were not paid when properly due and payable.

Appears in 1 contract

Samples: Net Lease Agreement (Aei Net Lease Income & Growth Fund Xix Limited Partnership)

Overdue Payments. Lessee shall pay interest on all overdue payments of Rent or other monetary amounts due hereunder here under at the rate of fifteen eighteen percent (1518%) per annum or the highest rate allowed by law, whichever is less, accruing from the date such beginning five days after written notice to Lessee that Rent or other monetary amounts were properly due and payablepayable were not paid.

Appears in 1 contract

Samples: Lease Agreement (Aei Income & Growth Fund Xxi LTD Partnership)

Overdue Payments. Lessee shall pay interest on all overdue payments of Rent or other monetary amounts due hereunder at the rate of fifteen ten percent (1510%) per annum or the highest rate allowed by law, whichever is less, accruing from the date such beginning five days after written notice to Lessee that Rent or other monetary amounts were properly due and payablepayable were not paid.

Appears in 1 contract

Samples: Net Lease Agreement (Aei Income & Growth Fund 25 LLC)

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