Penalty and Interest. Any installments of rent accruing under this Lease not paid when due shall be subject to a delinquency charge equal to five percent (5%) of the principal sum due. Annual payments shall bear interest as specified in Public Resources Code Section 6224 and the Lessor's then existing administrative regulations governing penalty and interest.
Appears in 6 contracts
Samples: web2.co.merced.ca.us, agenda.slocounty.ca.gov, www.slc.ca.gov
