Late Rental Payments. In the event the Lessee should fail to make any of the payments required in Section 4.03, the item or installment so in default shall continue as an obligation of the Lessee until the amount in default shall have been fully paid and the Lessee agrees to pay the same with interest thereon (to the extent permitted by law) until paid at the rate per annum equal to the maximum rate allowable for conventional interest under La. R.S. 9:3500(C), which as of the date of this Agreement is twelve percent (12%) per annum.
Late Rental Payments. In the event Lessee fails to pay County any amount due under this lease within five (5) days after such amount is due, Lessee shall pay to County a late charge of One Hundred and No/100 Dollars ($100) per occurrence (the “Late Charge”), plus interest on the unpaid balance at a rate of one and one-half percent (1.5%) per month, from the date the payment was due and payable until paid in full. Lessee shall pay all Late Charges as additional rent on or before the date the next installment of rent is due. County and Lessee hereby agree that it is and will be impracticable and extremely difficult to ascertain and fix County’s actual damage from any late payments and, thus, that Lessee shall pay as liquidated damages to County the Late Charge specified in this Section, which is the result of the parties’ reasonable endeavor to estimate fair average compensation for the late payment (other than attorneys’ fees and costs). County’s acceptance of the Late Charge as liquidated damages does not constitute a waiver of Lessee’s default with respect to the overdue amount or prevent County from exercising any of the rights and remedies available to County under this lease.
Late Rental Payments. In the event that Lessee should fail to pay any part of the lease payments or any other sum required to be paid hereunder within ten (10) days after the due date thereof, Lessee shall pay to CLCB, in addition to the amount due, a sum equal to 5 % of the total monthly payment for each month or part thereof for which said lease payments or other sums shall be delinquent, but in no event shall such charge exceed the highest lawful amount chargeable.
Late Rental Payments. 3.02. Past due rental payments shall bear interests at the rate of 5% per year until paid. Lessee shall promptly pay any such interest upon receipt of an invoice therefor from Lessor.
Late Rental Payments. Subject to Tenant’s rights of contest and appeal set out in this Lease, if any installment of rent or any sum due from Tenant shall not be received by Landlord or Landlord’s designee within ten (10) days after such amount is due, then Tenant shall pay to Landlord a late charge equal to five percent (5%) of such overdue amount, plus any attorney’s fees incurred by Landlord by reason of Tenant’s failure to pay rent and/or other charges when due hereunder. The Parties agree that such late charges represent a fair and reasonable estimate of the cost that Landlord will incur by reason of the late payment of Tenant. Acceptance of such late charges by the Landlord shall in no event constitute a waiver of Tenant’s default with respect to any of the other rights and remedies granted hereunder for uncured defaults.
Late Rental Payments. All payments of Rental not received by Landlord within five (5) days following the due date shall be subject to a late payment penalty of ten percent (10%) of the amount of such late installment, which penalty shall be due and payable contemporaneously with the payment of such late installment. Landlord's right to receive a late payment penalty shall not limit all other remedies available to Landlord pursuant to this Lease or by law for a breach by Tenant hereunder. The provisions of this Lease with respect to any obligation of Tenant to pay any sums to Landlord or to perform any act shall survive the expiration or other termination of this Lease.
Late Rental Payments. In the event Lessee has been late delivering its monthly rental payments to Lessor on more than three (3) occasions during any twelve (12) month period during the term of the Lease, then Tenant shall pay to Landlord a late charge for each subsequent delinquent rental payment in an amount equal to the greater of six percent (6%) of the delinquent payment, or Two Hundred Fifty Dollars ($250.00). In connection with the assessment of such late charge, Tenant acknowledges that the late payment by Tenant to Landlord of rent will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult and impracticable to ascertain. Those costs may include, but are not limited to, administrative, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any ground lease, mortgage or trust deed covering the Premises. Acceptance of a late charge by Landlord shall not constitute a waiver of Tenant's default with respect to the overdue amount, nor shall it prevent Landlord from exercising any of its other rights and remedies. Any payment received after the tenth of the month is considered delinquent and therefore is considered to be subject to a late charge.
Late Rental Payments. In the event Tenant fails to pay Lessor any amount due under this Lease within five (5) days after such amount is due, Tenant shall pay to Lessor a late charge of One Hundred and No/100 Dollars ($100) per occurrence, plus interest on said unpaid balance at a rate of one and one-half percent (1-1/2%) per month, from the date said payment was due and payable until paid in full. Tenant shall pay said late charge on or before the next installment of rent is due. Lessor and Tenant hereby agree that it is and will be impracticable and extremely difficult to ascertain and fix Lessor’s actual damage from any late payments and, thus, that Tenant shall pay as liquidated damages to Lessor the late charge specified in this Section, which is the result of the parties’ reasonable endeavor to estimate fair average compensation for the late payment (other than attorneys’ fees and costs). Lessor’s acceptance of the Late Charge as liquidated damages does not constitute a waiver of Tenant’s default with respect to the overdue amount or prevent Lessor from exercising any of the rights and remedies availab le to Lessor under this lease.
