Common use of Costs and Interest Clause in Contracts

Costs and Interest. All costs, expenses and expenditures of the Lessor, incurred upon any default by the Lessee hereunder, including, without limitation, the legal costs incurred by the Lessor on an indemnification basis as between solicitor and his own client shall, forthwith on demand, be paid by the Lessee to the Lessor as Additional Rent. All rent and other sums due to the Lessor pursuant to the terms of this Lease shall be paid by the Lessee promptly when due, and if not so paid, shall bear interest from their respective due dates at the rate of eighteen (18%) per cent per annum, both before and after default, demand and judgment.