Common use of Past Due Charges Clause in Contracts

Past Due Charges. If Tenant shall fail to pay within ten (10) days following the due date any charges or fees to be paid by Tenant hereunder, such unpaid amounts shall bear a late charge equal to the greater of five percent (5%) of the overdue amount or One Hundred Dollars ($100.00).

Appears in 4 contracts

Sources: Air Rights Lease Agreement, Air Rights Lease Agreement, Air Rights Lease Agreement