Common use of Accrual of Interest Clause in Contracts

Accrual of Interest. If any amount owed by Seller hereunder is not paid when due, including, without limitation, amounts due under Section 3.5, Repurchase Amounts, amounts due under Section 12, and any other Obligations, such amounts shall bear interest at a per annum rate equal to the per annum rate of the Finance Charges until the earlier of (i) payment in good funds or (ii) entry of a final judgment thereof, at which time the principal amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate allowed by applicable law.

Appears in 33 contracts

Samples: Accounts Receivable Purchase Agreement (Egain Communications Corp), Accounts Receivable Purchase Agreement (Aml Communications Inc), Accounts Receivable Purchase Agreement (Zamba Corp)

AutoNDA by SimpleDocs

Accrual of Interest. If any amount owed by Seller hereunder is not paid when due, including, without limitation, amounts due under Section 3.5, Repurchase Amounts, amounts due under Section 12, and any other Obligations, such amounts shall bear interest at a per annum rate equal to the per annum rate of the Finance Charges until the earlier of (i) payment in good funds or (ii) entry of a final judgment thereof, at which time the principal amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate rates allowed by applicable law.

Appears in 1 contract

Samples: Accounts Receivable Purchase Agreement (Gensym Corp)

Accrual of Interest. If any amount owed by Seller hereunder is not paid when due, including, without limitation, amounts due under Section 3.5, Repurchase Amounts, amounts due under Section 12, and any other Obligations, such amounts shall bear interest at a per annum rate equal to the per annum rate of the Finance Charges until the earlier of (i) payment in good funds or (ii) entry of a final judgment thereof, at which time the principal amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate rated allowed by applicable law.

Appears in 1 contract

Samples: Factoring Agreement (Zycad Corp)

Accrual of Interest. If any amount owed by Seller Sellers hereunder is not paid when due, including, without limitation, amounts due under Section 3.5, Repurchase Amounts, amounts due under Section 12, and any other Obligations, such amounts shall bear interest at a per annum rate equal to the per annum rate of the Finance Charges until the earlier of (i) payment in good funds or (ii) entry of a final judgment thereof, at which time the principal amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate allowed by applicable law.

Appears in 1 contract

Samples: Modification Agreement (Return on Investment Corp)

Accrual of Interest. If any amount owed by Seller hereunder is not paid when due, including, without limitation, including any amounts due under Section 3.53.3, Repurchase Chargeback Amounts, amounts due professional fees and expenses under Section 12, 10 and any other Obligations, such amounts shall bear interest at a per annum rate equal to the per annum rate of the Finance Charges Fees until the earlier of (iA) payment in good funds or (iiB) entry of a final judgment thereoftherefor, at which time the principal amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate allowed by applicable law.

Appears in 1 contract

Samples: Factoring Agreement (Centura Software Corp)

Accrual of Interest. If any amount owed by Seller hereunder is not paid when due, including, without limitation, amounts due under Section 3.5, Repurchase Amounts, amounts due Obligations, and professional fees and expenses under Section 12, and any other Obligations11, such amounts shall bear interest at a per annum rate equal to the per annum rate of the Finance Charges until the earlier of (i) payment in good funds or (ii) entry of a final judgment thereoftherefor, at which time the principal amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate allowed by applicable law.

Appears in 1 contract

Samples: Factoring Agreement (Cross Z International Inc)

Accrual of Interest. If any amount owed by Seller hereunder is not paid when due, including, without limitation, amounts due under Section 3.5, Repurchase Amounts, amounts due under Section 1213, and any other Obligations, such amounts shall bear interest at a per annum rate equal to the per annum rate of the Finance Charges until the earlier of (i) payment in good funds or (ii) entry of a final judgment thereof, at which time the principal amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate allowed by applicable law.

Appears in 1 contract

Samples: Accounts Receivable Purchase Agreement (Timeline Inc)

AutoNDA by SimpleDocs

Accrual of Interest. If any amount owed by Seller hereunder is not paid when due, including, without limitation, amounts due under Section 3.5, Repurchase Amounts, amounts due under Section 12, and any other Obligations, such amounts shall bear interest at a per annum rate equal to the per annum rate of the Finance Charges until the earlier of (i) payment payments in good funds or (ii) entry of a final judgment thereof, at which time the principal amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate allowed by applicable law.

Appears in 1 contract

Samples: Factoring Agreement (Data Dimensions Inc)

Accrual of Interest. If IF any amount owed by Seller hereunder is Is not paid when due, includingIncluding, without limitation, amounts due under Section 3.53.7, Repurchase Amounts, amounts due under Section 12, and any other Obligations, such amounts shall bear interest Interest at a per annum rate equal to the per annum rate of the Finance Charges until the earlier of (iI) payment in good funds or (ii) entry of a final judgment thereof, at which time the principal amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate allowed by applicable law.

Appears in 1 contract

Samples: Accounts Receivable Purchase Agreement (Agritope Inc)

Accrual of Interest. If any amount owed by Seller hereunder is not paid when due, including, without limitation, amounts due under Section 3.53.6, Repurchase Amounts, amounts due under Section 12, and any other Obligations, such amounts shall bear interest at a per annum rate equal to the per annum rate of the Finance Charges until the earlier of (i) payment in good funds or (ii) entry of a final judgment thereof, at which time the principal amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate allowed by applicable law.

Appears in 1 contract

Samples: Accounts Receivable Purchase Agreement (Focus Enhancements Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.