Common use of Delinquent Payments Clause in Contracts

Delinquent Payments. The unpaid amount of any payment due from either Party under this Agreement shall accrue interest at the Interest Rate from the first Day following the date on which payment is due until the date payment is made.

Appears in 20 contracts

Sources: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

Delinquent Payments. The unpaid amount of any payment due from either Party under this Agreement shall accrue interest at the Interest Rate from the first Day day following the date on which payment is due until the date payment is made.

Appears in 7 contracts

Sources: Capacity Purchase Agreement, Capacity Purchase Agreement, Capacity Purchase Agreement