Common use of Interest Charge Clause in Contracts

Interest Charge. Once it is agreed by Equity and PACT that the Theatre is in default of fees or other monies due to any Artist, or when a settlement or arbitration award has been finally determined, the Theatre agrees to pay one (1%) percent per month interest, beginning thirty (30) days from the date the claim was due and ending when the claim is paid. Such interest shall be added to and payable as part of said claim.

Interest Charge. ‌ Once it is agreed by Equity and PACT that the Theatre is in default of fees or other monies due to any Artist, or when a settlement or arbitration award has been finally determined, the Theatre agrees to pay one (1%) percent per month interest, beginning thirty (30) days from the date the claim was due and ending when the claim is paid. Such interest shall be added to and payable as part of said claim.

Interest Charge. ‌ Once it is agreed determined by Equity and PACT that the Theatre is in default of fees or other monies due to any Artist, or when a settlement or arbitration award has been finally determined, the Theatre agrees to pay one (1%) percent per month interest, beginning thirty (30) days from the date the claim was due and ending when the claim is paid. Such interest shall be added to and payable as part of said claim.