Should the Lessee fail to make or settle any due Rental Payment on any Rental Payment Date or should any of the Rent Cheques fail to be cleared, processed or encashed for whatever reason or should the Lessee fail to clear and settle any due payments to the Lessor under this Agreement within a maximum period of 30 days from its due date, the Lessee shall pay the Lessor a penalty on any outstanding Rental Payments or dues calculated at the Prescribed Rate