Common use of Payment of Rentals Clause in Contracts

Payment of Rentals. Lessee covenants to promptly pay all rentals when due and payable. A late charge of 7% shall be added to any payment of Base Rent or Additional Rent which is more than 10 days past due in order to compensate Lessor for the extra administrative expenses incurred. If Lessor shall pay any monies or incur any expenses in correction of violations of the covenants herein set forth, the amounts so paid or incurred shall, on notice to Lessee, be considered additional rent payable by Lessee with the first installment of Base Rent thereafter to become due and payable, and may be collected or enforced as by law provided in respect of rentals.

Payment of Rentals. Lessee covenants to promptly pay all rentals when due and payable. A late charge of 710% per cent shall be added to any payment of Base Rent or Additional Rent which is more than 10 days past due in order to compensate Lessor for the extra administrative expenses incurred. If Lessor shall pay any monies or incur any expenses in correction of violations of the covenants herein set forth, the amounts so paid or incurred shall, on notice to Lessee, be considered additional rent payable by Lessee with the first installment of Base Rent thereafter to become due and payable, and may be collected or enforced as by law provided in respect of rentals.

Payment of Rentals. Lessee covenants to promptly pay all rentals when due and payable. A late charge of 710% per cent shall be added to any payment of Base Rent or Additional Rent which is more than 10 days past due in order to compensate Lessor for the extra administrative expenses incurred. If Lessor shall pay any monies or incur any expenses in correction of violations of the covenants herein set forth, the amounts so paid or incurred shall, on notice to Lessee, be considered additional rent payable by Lessee with the first installment of Base Rent thereafter to become due and payable, and may be collected or enforced as by law provided in respect of rentals.

Payment of Rentals. Lessee covenants to promptly pay all rentals when due and payable. A late charge of 7% ten (10%) per cent shall be added to any payment of Base Rent rental or Additional Rent additional rental which is more than 10 days past due in order to compensate Lessor for the extra administrative expenses incurred. If Lessor shall pay any monies or incur any expenses in correction of violations of the covenants herein set forth, the amounts so paid or incurred shall, on notice to Lessee, be considered additional rent rentals payable by Lessee with the first installment of Base Rent rental thereafter to become due and payable, and may be collected or enforced as by law provided in respect of rentals.