Default interest payable Sample Clauses
POPULAR SAMPLE Copied 1 times
Default interest payable. If the Purchaser fails to pay any amount payable by it under the Supply Agreement or these terms on its due date, default interest shall accrue on the overdue amount from the due date to, and including, the date of payment but without prejudice to the Suppliers rights or remedies in respect of the Purchaser’s default in failing to make payment on the due date. The default interest rate shall be 15% per annum and shall be immediately payable by the Purchaser on demand by the Supplier.
Default interest payable. (a) If an Obligor does not pay any amount due under this Agreement when due, it must pay interest on that overdue amount at the Default Rate.
(b) This interest will:
(i) accrue on a daily basis;
(ii) be payable without the need for demand and, if not so paid, will be compounded daily and will itself bear interest under this clause 3.1; and
(iii) apply for the period beginning on its due date and ending on the date of its receipt by the Lender (both before and after any judgment).
Default interest payable. If the Borrower does not pay any sum payable on the due date, it must pay interest on that overdue sum at the Default Rate from the due date until the Borrower remedies the default and pays all default interest.
Default interest payable. If any Borrower fails to pay any amount payable under this agreement when due (an "OVERDUE AMOUNT"), that Borrower shall pay interest ("DEFAULT INTEREST") on that overdue amount from its due date until it is paid in full (both before and after any judgment).
Default interest payable. If any Obligor does not pay any sum payable under a Finance Document when due, it shall (without double counting) pay interest on the amount from time to time outstanding in respect of that overdue sum for the period beginning on its due date and ending on the date of its receipt by the relevant Finance Party when paid to that Finance Party (both before and after any judgment) in accordance with this clause 17.