Common use of Default Period Clause in Contracts

Default Period. In a case where the Lessee has neglected to submit rent payment for a number of days, the Lessor will be entitled to assess a penalty amount. Record the number of days after the missed due date the Lessor shall wait before adding an owed penalty amount to the original rent amount the Lessee owns.

Appears in 24 contracts

Sources: Coffee Machine Rental Agreement, Commercial Lease Agreement, Rental Agreement

Default Period. In a case where the Lessee has neglected to submit send the rent payment for a number of days, the Lessor will be entitled to assess a penalty amount. Record Register the number of days after the missed due expiration date the Lessor shall will have to wait before adding an owed a penalty amount due to the original rent amount the Lessee owns.

Appears in 3 contracts

Sources: Commercial Sublet Lease Agreement, Commercial Lease Agreement, Rental Agreement

Default Period. In a case where the Lessee has neglected to submit rent payment for a number of days, the Lessor will be entitled to assess a penalty amount. Record the number of days after the missed due date the Lessor shall wait before adding an owed penalty amount to the original rent amount the Lessee owns.

Appears in 2 contracts

Sources: Commercial Lease Agreement, Commercial Lease Agreement

Default Period. In a case where the Lessee has neglected to submit send the rent payment for a number of days, the Lessor will be entitled have the right to assess a penalty amount. Record Register the number of days after the missed due expiration date the Lessor shall will have to wait before adding an owed a penalty amount due to the original rent amount the Lessee owns.

Appears in 1 contract

Sources: Commercial Rental Agreement

Default Period. In a case where the Lessee has neglected to submit send the rent payment for a number of days, the Lessor will be entitled to assess a penalty amount. Record Register the number of days after the missed due expiration date the Lessor shall will have to wait before adding an owed a penalty amount due to the original rent amount the Lessee ▇▇▇▇▇▇ owns.

Appears in 1 contract

Sources: Commercial Lease Agreement

Default Period. In a case where the Lessee has neglected to submit send the rent payment for a number of days, the Lessor will be entitled have the right to assess a penalty amount. Record Register the number of days after the missed due expiration date the Lessor shall will have to wait before adding an owed a penalty amount due to the original rent amount the Lessee ▇▇▇▇▇▇ owns.

Appears in 1 contract

Sources: Commercial Lease to Own Agreement