Common use of INTEREST ON PAST-DUE OBLIGATIONS Clause in Contracts

INTEREST ON PAST-DUE OBLIGATIONS. Any monetary payment due Landlord hereunder not received by Landlord within 10 days following the date on which it was due shall bear interest from the date due at 12% per annum, but not exceeding the maximum rate allowed by law in addition to the late charge provided for in Paragraph 13.3.

Appears in 21 contracts

Samples: Industrial Lease (Tenaya Therapeutics, Inc.), Industrial Lease (CAPSTONE TURBINE Corp), Industrial Lease (Excaliber Enterprises, Ltd.)

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INTEREST ON PAST-DUE OBLIGATIONS. Any monetary payment due Landlord -------------------------------- hereunder not received by Landlord within 10 days following the date on which it was due shall bear interest from the date due at 12% per annum, but not exceeding the maximum rate allowed by law in addition to the late charge provided for in Paragraph 13.3.

Appears in 5 contracts

Samples: Lease (Kyphon Inc), Lease Agreement (Asd Systems Inc), Lease (Kyphon Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any monetary payment due Landlord hereunder not received by Landlord within 10 days following the date on which it was due shall bear interest from the date due at twelve percent (12% %) per annum, but not exceeding the maximum rate allowed by law in addition to the late charge provided for in Paragraph 13.3.

Appears in 3 contracts

Samples: Commercial Lease Agreement (Aytu Biopharma, Inc), Lease (Neos Therapeutics, Inc.), Lease (Neos Therapeutics, Inc.)

INTEREST ON PAST-DUE OBLIGATIONS. Any monetary payment due Landlord hereunder not received by Landlord within 10 days following the date on which it of notice from Landlord to Tenant stating that such monetary payment due Landlord was not paid by Tenant when due shall bear interest from the date due at 12% per annum, but not exceeding the maximum rate allowed by law in addition to the late charge provided for in Paragraph 13.313.3 of this lease.

Appears in 3 contracts

Samples: Warehouse Lease, Warehouse Lease, Warehouse Lease

INTEREST ON PAST-DUE OBLIGATIONS. Any monetary payment due Landlord hereunder not received by Landlord within 10 days following the date on which it was due shall bear interest from the date due at 1210% per annum, but not exceeding the maximum rate allowed by law in addition to the late charge provided for in Paragraph 13.3.

Appears in 3 contracts

Samples: Lease (Clean Energy Fuels Corp.), Industrial Lease (InvenSense Inc), Industrial Lease (Mips Technologies Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any monetary payment Except as expressly herein provided to the contrary, any amount due to Landlord hereunder not received by Landlord paid within 10 fifteen (15) days following after the date on which it was due shall bear interest at the rate of fifteen percent (15%) per annum from the date due at 12% per annumdue. Payment of such interest shall not excuse or cure any default by Tenant under this Lease, but provided, however, that interest shall not exceeding the maximum rate allowed be payable on late charges incurred by law in addition to the late charge provided for in Paragraph 13.3Tenant. 22.3.

Appears in 2 contracts

Samples: Industrial Lease Agreement, Standard Industrial Lease Agreement (Intest Corp)

INTEREST ON PAST-DUE OBLIGATIONS. Any monetary payment due Landlord hereunder not received by Landlord within 10 days following the date on which it was due shall bear interest from the date due at 12% per annum, but not exceeding the maximum rate allowed by law in addition to the late charge provided for in Paragraph 13.314.4. Notwithstanding the foregoing, with respect to the first two (2) late payments in any calendar year only, Tenant shall not be required to pay any interest or other penalty until ten (10) days after Landlord has delivered Tenant written notice of such late payment.

Appears in 2 contracts

Samples: Lease (Extend Health Inc), Extend Health Inc

INTEREST ON PAST-DUE OBLIGATIONS. Any monetary payment due Landlord hereunder not received by Landlord within 10 days following the date on which it was due shall bear interest from the date due at 12% per annum, but not exceeding the maximum rate allowed by law in addition to the late charge provided for in Paragraph 13.3.shall

Appears in 2 contracts

Samples: Lease (Harmonic Inc), Harmonic Inc

INTEREST ON PAST-DUE OBLIGATIONS. Any monetary payment due Landlord hereunder hereunder, other than late charges, not received by Landlord within 10 ten (10) days following the date on which it was due due, shall bear interest from the date due at 12% the rate of ten percent (10%) per annum, but not exceeding the maximum rate allowed by law law, in addition to the potential late charge provided for in Paragraph 13.312.4.

Appears in 2 contracts

Samples: Cue Health Inc., Cue Health Inc.

INTEREST ON PAST-DUE OBLIGATIONS. Any monetary payment due Landlord hereunder not received by Landlord within 10 days following the date following the date on which it was due shall bear interest from the date due at 12% per annum, but not exceeding the maximum rate allowed by law in addition to the late charge provided for in Paragraph 13.3.

Appears in 1 contract

Samples: Singing Machine Co Inc

INTEREST ON PAST-DUE OBLIGATIONS. Any monetary payment due Landlord hereunder not received by Landlord within 10 days following the date on which it was due shall bear interest from the date due at 12% per annum, but not when taken together with the late charge provided in paragraph 13.3, in no event exceeding the maximum rate allowed by law in addition to the late charge provided for in Paragraph 13.3law.

Appears in 1 contract

Samples: PLX Pharma Inc.

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INTEREST ON PAST-DUE OBLIGATIONS. Any monetary payment due Landlord -------------------------------- hereunder not received by Landlord within 10 days following the date on which it was due shall bear interest from the date due at 1211% per annum, but not exceeding the maximum rate allowed by law in addition to the late charge provided for in Paragraph 13.3.

Appears in 1 contract

Samples: Cost U Less Inc

INTEREST ON PAST-DUE OBLIGATIONS. Any monetary payment due Landlord hereunder hereunder, other than late charges, not received by Landlord within 10 ten (10) days following the date on which it was due shall due, shall, in addition to the potential late charge provided for in Section 14.4, bear interest from the date due at 12% the lower of eighteen percent (18%) per annum, but not exceeding or the maximum highest rate allowed by law in addition to the late charge provided for in Paragraph 13.3of interest from time-to-time permitted under applicable federal and state law.

Appears in 1 contract

Samples: Industrial Multi Tenant Lease (Ironclad Performance Wear Corp)

INTEREST ON PAST-DUE OBLIGATIONS. Any monetary payment due Landlord hereunder hereunder, other than late charges, not received by Landlord within 10 ten (10) days following the date on which it was due due, shall bear interest from the date due at 12% per annum, but not exceeding the maximum rate allowed by law in addition to the late charge provided for in Paragraph 13.3.ten

Appears in 1 contract

Samples: SBS Technologies Inc

INTEREST ON PAST-DUE OBLIGATIONS. Any Xxx monetary payment due Landlord hereunder hereunder, other than late charges, not received by Landlord within 10 thirty (30) days following the date on which it was due due, shall bear interest from the date due thirty-first (31) day at 12% per annum, but not exceeding the maximum rate allowed by law in addition to the any late charge provided for in Paragraph 13.3charges due thereon.

Appears in 1 contract

Samples: Commercial Lease Agreement (Orange 21 Inc.)

INTEREST ON PAST-DUE OBLIGATIONS. Any monetary payment due Landlord hereunder not received by Landlord within 10 days following the date on which it was due shall bear interest from the date due at 12% per annum, but not exceeding the maximum rate allowed by law in addition to the late charge provided for in Paragraph 13.3.shall,

Appears in 1 contract

Samples: Lease (Harmonic Inc)

INTEREST ON PAST-DUE OBLIGATIONS. Any monetary payment due Landlord hereunder not received by Landlord within 10 days following on the date on which it was due due, shall thereafter bear interest from at the date due at rate of 12% per annum, but not exceeding the maximum rate allowed by law law, in addition to the late charge provided for in Paragraph 13.3.

Appears in 1 contract

Samples: Diamond Entertainment Corp

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