Late Charge. In addition to its other remedies, Landlord shall have the right without notice or demand to add to the amount of any payment required to be made by Tenant hereunder, and which is not paid and received by Landlord on or before the first day of each calendar month, an amount equal to an amount equal to five percent (5%) of the delinquent amount, or $150.00, whichever amount is greater, for each month or portion thereof that the delinquency remains outstanding to compensate Landlord for the loss of the use of the amount not paid and the administrative costs caused by the delinquency, the parties agreeing that Landlords damage by virtue of such delinquencies would be extremely difficult and impracticable to compute and the amount stated herein represents a reasonable estimate thereof. Any waiver by Landlord of any late charges or failure to claim the same shall not constitute a waiver of other late charges or any other remedies available to Landlord.
Late Charge. In addition to its other remedies, Landlord shall have the right without notice or demand to add to the amount ofDelinquent Payments. If any payment required to be madesum payable by Tenant hereunder, and whichto Landlord under this Lease is not paid and received by Landlord on or before the first day of each calendar month, an amountwhen due, Tenant shall also pay a late charge equal to an amount equal to fiveone hundred dollars ($100.00) or ten percent (5%(10%) of the delinquent amount, or $150.00, whichever is greater. In addition, any amount is greater, for each month or portion thereof that the delinquency remains outstandingdue from Tenant to compensate Landlord for the loss of the use of the amountwhich is not paid when due shall bear interest at an annual rate of fifteen percent (15%). Any late charges and interest shall be deemed and constitute Additional Rent under the administrative costs causedLease and shall be paid by the delinquency, the parties agreeing that Landlords damage by virtue of such delinquencies would be extremely difficult and impracticable to compute and the amount stated herein represents a reasonable estimate thereof. Any waiver by LandlordTenant within five (5) calendar days from receipt of any late chargesstatement or failureinvoice from Landlord. Landlord reserves all other rights and remedies provided to claim the same shall not constitute a waiver of other late charges or any other remedies available to Landlord.Landlord at law and under this Lease.
Late Charge. In addition to itsLATE CHARGES. If any installment of Rent or any other remedies, Landlordsum due from Tenant shall have the right without notice or demand to add to the amount of any payment required tonot be made by Tenant hereunder, and which is not paid and received by Landlord on or before the first dayLandlord's designee within five (5) business days after Tenant's receipt of each calendar month, anwritten notice from Landlord that said amount equalis delinquent, then Tenant shall pay to an amountLandlord a late charge equal to five percent (5%) of the delinquent amount, overdue amount plus any reasonable attorneys' fees incurred by Landlord by reason of Tenant's failure to pay Rent and/or $150.00, whicheverother charges when due hereunder. The late charge shall be deemed Additional Rent and the right to require it shall be in addition to all of Landlord's other rights and remedies hereunder or at law and shall not be construed as liquidated damages or as limiting Landlord's remedies in any manner. In addition to the late charge described above, any Rent or other amounts owing hereunder which are not paid within ten (10) days after Tenant's receipt of written notice that said amount is greater, fordelinquent shall bear interest from the date when due until paid at a rate per annum equal to the lesser of # the annual "Bank Prime Loan" rate cited in the Federal Reserve Statistical Release Publication (415), published on the first Tuesday of each calendar month or portion thereof that(or such other comparable index as Landlord and Tenant shall reasonably agree upon if such rate ceases to be published) plus four (4) percentage points, and # the delinquency remains outstanding to compensate Landlord for the loss of the use of the amount not paid and the administrative costs causedhighest rate permitted by the delinquency, the parties agreeing that Landlords damage by virtue of such delinquencies would be extremely difficult and impracticable to compute and the amount stated herein represents a reasonable estimate thereof. Any waiver by Landlord of any late charges or failure to claim the same shall not constitute a waiver of other late charges or any other remedies available to Landlord.applicable law.
Late Charge. In addition to itsLATE CHARGES. If any installment of Rent or any other remedies, Landlordsum due from Tenant shall have the right without notice or demand to add to the amount of any payment required tonot be made by Tenant hereunder, and which is not paid and received by Landlord on or before the first dayLandlord's designee within five (5) business days after Tenant's receipt of each calendar month, anwritten notice from Landlord that said amount equalis due, then Tenant shall pay to an amountLandlord a late charge equal to five percent (5%) of the delinquent amount, overdue amount plus any reasonable attorneys' fees incurred by Landlord by reason of Tenant's failure to pay Rent and/or $150.00, whichever amount is greater, for each monthother charges when due hereunder. The late charge shall be deemed Additional Rent and the right to require it shall be in addition to all of Landlord's other rights and remedies hereunder or portion thereof thatat law and shall not be construed as liquidated damages or as limiting Landlord's remedies in any manner. In addition to the delinquency remains outstanding to compensate Landlord for the loss of the use of the amountlate charge described above, any Rent or other amounts owing hereunder which are not paid within ten (10) days after the date they are due shall bear interest from the date when due until paid at a rate per annum equal to the lesser of # the annual "Bank Prime Loan" rate cited in the Federal Reserve Statistical Release Publication (415), published on the first Tuesday of each calendar month (or such other comparable index as Landlord and Tenant shall reasonably agree upon if such rate ceases to be published) plus four (4) percentage points, and # the administrative costs causedhighest rate permitted by the delinquency, the parties agreeing that Landlords damage by virtue of such delinquencies would be extremely difficult and impracticable to compute and the amount stated herein represents a reasonable estimate thereof. Any waiver by Landlord of any late charges or failure to claim the same shall not constitute a waiver of other late charges or any other remedies available to Landlord.Applicable Law.
Late Charge. In additionCharges. If Tenant fails to itsmake any payment of Rent, additional rent or any other remedies,sum on or before the date such payment is due and payable (subject to any grace period), then Landlord shall have the right without notice or demand to add to the amountimpose upon Tenant in writing a late charge of any payment required to be made by Tenant hereunder, and which is not paid and received by Landlord on or before the first day of each calendar month, an amount equal to an amount equal to five percent (5%) of the delinquent amount, or $150.00, whichever amount is greater, for each month or portion thereof that the delinquency remains outstanding to compensate Landlord for the loss of the use of the amount not paid and the administrative costs caused by the delinquency, the parties agreeing that Landlords damage by virtue of such delinquencies wouldpayment. In addition, such payment and such late fee shall bear interest at the Default Rate from the date such payment or such late fee, respectively, became due to the date of payment thereof by Tenant. Such late charge and interest shall constitute additional rent due hereunder without any notice or demand. Notwithstanding anything contained in this [Section 19.5] to the contrary, no late fee shall be extremely difficult and impracticable to compute anddue on the amount stated herein representsfirst instance of Tenants late payment of a reasonable estimate thereof. Any waiver by Landlordregularly recurring installment in any period of any late charges or failure to claim the same shall not constitute a waiver of other late charges or any other remedies available to Landlord.twelve (12) successive months.
Late Charge. In additionPayment Rent. Late payment by Tenant to itsLandlord of Rent and other remedies,sums due will cause Landlord shall haveto incur costs not contemplated by this Lease, the right without notice or demand to add to theexact amount of any payment required to be made by Tenant hereunder, and which is not paid and received by Landlord on or before the first day of each calendar month, an amount equal to an amount equal to five percent (5%) of the delinquent amount, or $150.00, whichever amount is greater, for each month or portion thereof that the delinquency remains outstanding to compensate Landlord for the loss of the use of the amount not paid and the administrative costs caused by the delinquency, the parties agreeing that Landlords damage by virtue of such delinquencies wouldwill be extremely difficult and impracticable to computeascertain. Such costs include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord under any Mortgage covering the amount stated hereinPremises. Therefore, if any installment of Rent due from Tenant is not received by Landlord within 5 days after the date such payment is due, Tenant shall pay to Landlord an additional sum equal to 6% of the overdue Rent as a late charge. Notwithstanding the foregoing, before assessing a late charge the first time in any calendar year, Landlord shall provide Tenant written notice of the delinquency and will waive the right if Tenant pays such delinquency within 5 days thereafter. The parties agree that this late charge represents a fair and reasonable estimate thereof. Any waiverof the costs Landlord will incur by Landlordreason of any late charges or failurepayment by Tenant. In addition to claim the samelate charge, Rent not paid when due shall not constitute a waiver of other late charges or any other remedies available to Landlord.bear interest at the Default Rate from the 5th day after the date due until paid.
Late Charge. In additionIf Landlord fails to its other remedies,receive all or any portion of the monthly Net Rent within ten (10) days after it becomes due, Tenant shall pay Landlord shall have the right without notice or demand to add to the amount of any payment required to be made by Tenant hereunder, and which is not paid and received by Landlord on or before the first day of each calendar month, an amount equal to an amountas additional rent, a late charge equal to five percent (5%) of the delinquent amount, or $150.00, whichever amount is greater, for each month or portion thereofoverdue amount. Tenant and Landlord agree that the delinquency remains outstanding to compensate Landlord for the losssuch late charge represents a fair and reasonable estimate of the use of the amount not paid and the administrative costs causedLandlord will incur by the delinquency, the parties agreeing that Landlords damage by virtuereason of such delinquencies would be extremely difficult and impracticable to compute and the amount stated herein represents a reasonable estimate thereof. Any waiver by Landlord of any late charges or failure to claim the same shall not constitute a waiver of other late charges or any other remedies available to Landlord.payment.
Late Charge. In additionpayment by Tenant to itsLandlord of Rent and other remedies,sums due shall cause Landlord shall haveto incur costs not contemplated by this Lease, the right without notice or demand to add to theexact amount of which shall be extremely difficult and impracticable to ascertain. Such costs include processing and accounting charges and late charges that may be imposed on Landlord by the terms of any payment required to be made bymortgage or trust deed covering the Premises. Therefore, if any installment of Rent due from Tenant hereunder, and which is not paid and received by Landlord on or beforewithin five (5) days after the first daydate such payment is due, Tenant shall pay to Landlord # an additional sum of each calendar month, an amount equal to an amount equal to five percent (5%) of the delinquent amount, or $150.00, whichever amount is greater, for each month or portion thereofoverdue Rent as a late charge plus # interest at an annual rate (the “Default Rate”) equal to the lesser of # ten percent (10%) and # the highest rate permitted by Applicable Laws. The parties agree that the delinquency remains outstanding to compensate Landlord for the lossthis late charge represents a fair and reasonable estimate of the usecosts that Landlord shall incur by reason of late payment by Tenant and shall be payable as Additional Rent to Landlord due with the amount not paid and the administrative costs caused by the delinquency, the parties agreeing that Landlordnext installment of Rent or within five (5) business days after Landlord’s damage by virtue ofdemand, whichever is earlier, provided Tenant has at least five (5) business days in which to pay such delinquencies would be extremely difficult and impracticable to compute and the amount stated herein represents a reasonable estimate thereof. Any waiver by Landlordlate charge after such charge is incurred. Landlord’s acceptance of any Additional Rent (including a late charges or failure to claim the same shall not constitute a waiver of other late chargescharge or any other amount hereunder) shall not be deemed an extension of the date that Rent is due or prevent Landlord from pursuing any other rights or remedies available to Landlord.under this Lease, at law or in equity.
Late Charge. In additionPayment Rent. Late payment by Tenant to itsLandlord of Rent and other remedies,sums due will cause Landlord shall haveto incur costs not contemplated by this Lease, the right without notice or demand to add to theexact amount of any payment required to be made by Tenant hereunder, and which is not paid and received by Landlord on or before the first day of each calendar month, an amount equal to an amount equal to five percent (5%) of the delinquent amount, or $150.00, whichever amount is greater, for each month or portion thereof that the delinquency remains outstanding to compensate Landlord for the loss of the use of the amount not paid and the administrative costs caused by the delinquency, the parties agreeing that Landlords damage by virtue of such delinquencies wouldwill be extremely difficult and impracticable to computeascertain. Such costs include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord under any Mortgage covering the amount stated hereinPremises. Therefore, if any installment of Rent due from Tenant is not received by Landlord within 5 days after the date such payment is due, Tenant shall pay to Landlord an additional sum equal to 6% of the overdue Rent as a late charge. The parties agree that this late charge represents a fair and reasonable estimate thereof. Any waiverof the costs Landlord will incur by Landlordreason of any late charges or failurepayment by Tenant. In addition to claim the samelate charge, Rent not paid when due shall not constitute a waiver of other late charges or any other remedies available to Landlord.bear interest at the Default Rate from the 5th day after the date due until paid.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.