Past Due Obligations. The Borrower hereby promises to each Lender to pay interest at the Default Rate on all Obligations (including Obligations to pay fees or to reimburse or indemnify any Lender) which the Borrower has in this Agreement promised to pay to such Lender and which are not paid when due. Such interest shall accrue from the date such Obligations become due until they are paid.
Past Due Obligations. No past due obligations over Five Thousand and 00/100 Dollars ($5,000) have given rise or shall give rise, within five (5) days after the Closing Date, to any additional liability to the Buyer on account of their being past due.
Past Due Obligations. All amounts which Tenant is obligated to pay Landlord pursuant to this Lease or when due shall bear interest at twelve (12%) per annum from the due date until paid, unless otherwise specifically provided herein. If a late charge is due with respect to such amount pursuant to Section 13.4, such interest shall commence to accrue thirty (30) days following the date such amount is due. The payment of such interest shall not excuse or cure any default by Tenant under this Lease.
Past Due Obligations. Except as otherwise set forth on Schedule 6.28, no Closing Date Liabilities or Assumed Obligations have given rise, or shall give rise within five days after the Closing Date (except to the extent such Closing Date Liabilities will have been paid or satisfied by Seller prior to the Closing so as to relieve Buyer of all liability therefor), to any additional liability to Buyer on account of their being past due.
Past Due Obligations. Except as set forth on Exhibit 5.27, no past due obligations of DE over $500 have given rise or shall give rise within 5 days after the Closing Date (except as such will be performed by DE prior to the Closing so as to relieve THI of all liability therefor) to any additional liability to THI on account of their being past due.
Past Due Obligations. Any Obligation (including, to the extent permitted by applicable law, all accrued unpaid interest on the principal amount of the Loan) that is not paid when due (whether scheduled, accelerated, or otherwise) shall bear interest, payable on demand, from the date due until paid, at a rate per annum equal to the lesser of the Maximum Rate or the Past Due Rate.
Past Due Obligations. Mortgagor shall notify Mortgagee, in writing, in the event any Operating Obligations (as defined below) of the Development are more than sixty (60) days past due. Such notice shall state with specificity the Operating Obligations that are overdue. As used in this Section, “Operating Obligations” of the Development shall mean the usual and customary expenses of operating a residential housing development, including but not limited to, debt service, taxes, replacement reserve obligations, insurance premiums, utility payments, management fees, and payments to the providers of goods and services to the Development. Upon the issuance of such notice, Xxxxxxxxx shall either immediately escrow with Mortgagee the amount of all past due Operating Obligations, or immediately pay such obligations so that no Operating Obligations are more than thirty (30) days past due.
Past Due Obligations. Except as set forth on Exhibit 5.27, no past due obligations of A-1-A over $500 have given rise or shall give rise within 6 months after the Closing Date (except as such will be performed by A-1-A prior to the Closing so as to relieve THI of all liability therefor) to any additional liability to THI on account of their being past due.
Past Due Obligations. Except as set forth on Exhibit 5.27, AJAX has no obligations over $25,000 more than 30 days past due.
Past Due Obligations. Except as set forth on Schedule 5(bb), no past due obligations over $5,000 have given rise or shall give rise within five (5) days after the Closing Date to any additional liability to the Purchaser on account of their being past due.
