Common use of Failure to Pay When Due Clause in Contracts

Failure to Pay When Due. Any amount payable by any Service Recipient to any member of the Manager Group hereunder which is not remitted when so due will remain due (whether on demand or otherwise) and interest will accrue on such overdue amounts (both before and after judgment) at a rate per annum equal to the Interest Rate.

Appears in 20 contracts

Samples: Master Services Agreement (Brookfield Property Partners L.P.), Management Services Agreement (TerraForm Power, Inc.), Master Services Agreement (Brookfield Property Partners L.P.)

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Failure to Pay When Due. Any amount payable by any Service Recipient to any member of the Manager Service Provider Group hereunder which is not remitted when so due will remain due (whether on demand or otherwise) and interest will accrue on such overdue amounts (both before and after judgment) at a rate per annum equal to the Interest Rate.

Appears in 9 contracts

Samples: Master Services Agreement, Merger and Sponsorship Transaction Agreement (TerraForm Power, Inc.), Master Services Agreement (Brookfield Property Partners L.P.)

Failure to Pay When Due. Any amount payable by any Service Recipient the Operating Company or Holdings to any member of the Manager Service Provider Group hereunder which that is not remitted when so due will remain due (whether on demand or otherwise) ), and interest will accrue on such overdue amounts (both before and after judgment) at a rate per annum equal to the Interest Rate.

Appears in 5 contracts

Samples: Management Services Agreement (8point3 Energy Partners LP), Management Services Agreement, Management Services Agreement (8point3 Energy Partners LP)

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Failure to Pay When Due. Any amount payable by any Service Recipient to any member of the Manager Group hereunder which is not remitted when so due will remain due (whether on demand or otherwise) and interest will accrue on such overdue amounts (both before and after judgment) at a rate per annum equal to the Interest Rate.. 12.4

Appears in 4 contracts

Samples: Master Services Agreement (Clearway Energy, Inc.), Master Services Agreement (Clearway Energy LLC), Master Services Agreement (Clearway Energy LLC)

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