Failure of Tenant to Perform. If Tenant fails to pay when due any taxes, rates, insurance premiums, charges, debts or any other amounts which it owes or has herein covenanted to pay, all such amounts shall be deemed to be and be treated as Additional Rental and payable and recoverable as Additional Rental. Landlord may pay the same and shall be entitled to charge the sums so paid to Tenant who shall pay them forthwith on demand as Additional Rental. All arrears of Minimum Net Net Rental and Additional Rental shall bear interest at the prime lending rate as determined by the Royal Bank of Canada [ILLEGIBLE]
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Failure of Tenant to Perform. If Tenant fails to pay when due any taxes, rates, insurance premiums, charges, debts or any other amounts which it owes or has herein covenanted to pay, all such amounts shall be deemed to be and be treated as Additional Rental and payable and recoverable as Additional Rental. Landlord may pay the same and shall be entitled to charge the sums so paid to Tenant who shall pay them forthwith on demand as Additional Rental. All arrears of Minimum Net Net Rental and Additional Rental shall bear interest at the prime lending rate as determined by the Royal Bank of Canada [ILLEGIBLE]on a daily basis plus four percent (4%) from the time such arrears become due until paid to Landlord.
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