Delayed Payments. In the event that all or any portion of any payment due either party pursuant to this Agreement becomes overdue, the portion of the amount overdue shall bear interest at an annual rate equal to the then current thirty (30) day U.S. Treasury Xxxx discount rate on the date that the payment becomes overdue plus 200 basis points, for the period that the amount is overdue.
Appears in 12 contracts
Samples: Retrocession Agreement (Genworth Financial Inc), Coinsurance Agreement (Genworth Financial Inc), Reinsurance Agreement (Genworth Financial Inc)
Delayed Payments. In the event that all or any portion of any payment due either party pursuant to this Agreement becomes overdue, the portion of the amount overdue shall bear interest at an annual rate equal to the then current thirty (30) day U.S. Treasury Xxxx Bxxx discount rate on the date that the payment becomes overdue plus 200 basis points, for the period that the amount is overdue.
Appears in 2 contracts
Samples: Reinsurance Agreement (Ge Life & Annuity Assurance Co), Coinsurance Agreement (Ge Life & Annuity Assurance Co)
