Past Due Interest. In the event Lessee fails to pay any Monthly Rental Payment when due (or any other sum to be paid by Lessee under this Lease), Lessee shall pay to Lessor interest on such monthly Rental Payment (or other sum) from the due date thereof and after any grace period to the date of payment, at the rate of eighteen percent (18%) per annum.
Appears in 2 contracts
Samples: Equipment Lease (Preferred Voice Inc), Equipment Lease (Preferred Voice Inc)
