Common use of Timely Payments Required Clause in Contracts

Timely Payments Required. Owner insists upon the payment of Rent on the date due, and neither Owner’s imposition of Late Fees, nor any acceptance by Owner of any payment of Rent, Late Fees or Returned Check Fees after the due date, nor any other omission, delay or forbearance on the part of Owner in demanding payment of any delinquent Rent, shall be construed as creating a course of dealing under which late or delinquent payments shall be permitted, nor shall the same constitute a waiver of any rights of Owner arising with respect to said delinquent Rent payment or with respect to any future delinquency, default or event of default under this Agreement.