Common use of Delinquent Payments Clause in Contracts

Delinquent Payments. If any of the payments referred to in this ------------------- Section 6 are not paid within the time specified after the Termination Date (hereinafter a "Delinquent Payment"), in addition to such principal sum, the Company will pay to the Executive interest on all such Delinquent Payments computed at the prime rate as announced from time to time by M&I Xxxxxxxx & Xxxxxx Bank, or its successor, compounded monthly. Notwithstanding the foregoing, no interest shall be due and owing as regards payments which are delayed because of Executive's failure to execute the Release or the recission thereof.

Delinquent Payments. If any of the payments referred to in this ------------------- Section 6 are not paid within the time specified after the Termination Date (hereinafter a "Delinquent Payment"), in addition to such principal sum, the Company will pay to the Executive interest on all such Delinquent Payments computed at the prime rate as announced from time to time by M&I Xxxxxxxx Maxxxxxx & Xxxxxx BankIlxxxx Xank, or its successor, compounded monthly. Notwithstanding the foregoing, no interest shall be due and owing as regards payments which are delayed because of Executive's failure to execute the Release or the recission thereof.

Delinquent Payments. If any of the payments referred to in this ------------------- Section 6 are not paid within the time specified after the Termination Date (hereinafter a "“Delinquent Payment"”), in addition to such principal sum, the Company will pay to the Executive interest on all such Delinquent Payments computed at the prime rate as announced from time to time by M&I Xxxxxxxx & Xxxxxx Ilsley Bank, or its successor, compounded monthly. Notwithstanding the foregoing, no interest shall be due and owing as regards payments which are delayed because of Executive's ’s failure to execute the Release or the recission thereof.

Delinquent Payments. If any of the payments referred to in this ------------------- Section 6 are not paid within the time specified after the Termination Date (hereinafter a "Delinquent Payment"), in addition to such principal sum, the Company will pay to the Executive interest on all such Delinquent Payments computed at the prime rate as announced from time to time by M&I Xxxxxxxx Marshall & Xxxxxx Ilsley Bank, or its successor, compounded monthly. Notwithstanding the Xxxxxxxxtanxxxx xhe foregoing, no interest shall be due and owing as regards payments which are delayed because of Executive's failure to execute the Release or the recission thereof.

Delinquent Payments. If any of the payments referred to in this ------------------- Section 6 are not paid within the time specified after the Termination Date (hereinafter a "Delinquent Payment"), in addition to such principal sum, the Company will pay to the Executive interest on all such Delinquent Payments computed at the prime rate as announced from time to time by M&I Xxxxxxxx & Xxxxxx Bank, or its successor, compounded monthly. Notwithstanding the foregoing, no interest shall be due and owing as regards payments which are delayed because of Executive's failure to execute the Release or the recission recession thereof.

Delinquent Payments. If any of the payments referred to in this ------------------- Section 6 are not paid within the time specified after the Termination Date (hereinafter a "Delinquent Payment"), in addition to such principal sum, the Company will pay to the Executive interest on all such Delinquent Payments computed at the prime rate as announced from time to time by M&I Xxxxxxxx & Xxxxxx Bank, or its successor, compounded monthly. Notwithstanding the foregoing, no interest shall be due and owing as regards payments which are delayed because of Executive's failure to execute the Release or the recission thereof.

Delinquent Payments. If any of the payments referred to in this ------------------- Section 6 are not paid within the time specified after the Termination Date (hereinafter a "Delinquent Payment"), in addition to such principal sum, the Company will pay to the Executive interest on all such Delinquent Payments computed at the prime rate as announced from time to time by M&I Xxxxxxxx Marshall & Xxxxxx Ilsley Bank, or its successor, compounded monthly. Notwithstanding the Nxxxxxxxxandxxx xxe foregoing, no interest shall be due and owing as regards payments which are delayed because of Executive's failure to execute the Release or the recission recision thereof.

Delinquent Payments. If any of the payments referred to in this ------------------- Section 6 are not paid within the time specified after the Termination Date (hereinafter a "Delinquent Payment"), in addition to such principal sum, the Company will pay to the Executive interest on all such Delinquent Payments computed at the prime rate as announced from time to time by M&I Xxxxxxxx Maxxxxxx & Xxxxxx BankIlxxxx Xank, or its successor, compounded monthly. Notwithstanding the foregoing, no interest shall be due and owing as regards payments which are delayed because of Executive's failure to execute the Release or the recission recession thereof.

Delinquent Payments. If any of the payments referred to in this ------------------- Section 6 are not paid within the time specified after the Termination Date (hereinafter a "“Delinquent Payment"”), in addition to such principal sum, the Company will pay to the Executive interest on all such Delinquent Payments computed at the prime rate as announced from time to time by M&I Xxxxxxxx Mxxxxxxx & Xxxxxx Ixxxxx Bank, or its successor, compounded monthly. Notwithstanding the foregoing, no interest shall be due and owing as regards payments which are delayed because of Executive's ’s failure to execute the Release or the recission thereof.

Delinquent Payments. If any of the payments referred to in this ------------------- Section 6 are not paid within the time specified after the Termination Date (hereinafter a "Delinquent Payment"), in addition to such principal sum, the Company will pay to the Executive interest on all such Delinquent Payments computed at the prime rate as announced from time to time by M&I Xxxxxxxx Mxxxxxxx & Xxxxxx Ixxxxx Bank, or its successor, compounded monthly. Notwithstanding the foregoing, no interest shall be due and owing as regards payments which are delayed because of Executive's failure to execute the Release or the recission thereof.