Common use of Interest Due Clause in Contracts

Interest Due. If any uncontested amount properly due and payable to a Party under this Agreement is overdue, then the paying Party will also pay interest on the amount unpaid amount accrued at the annual rate USD London Interbank Offered Rate (LIBOR) 3 months plus [*] from the date of payment was due.

Interest Due. If any uncontested amount properly due and payable to a Party under this Agreement is overdue, then the paying Party will also pay interest on the amount unpaid amount accrued at the annual rate USD London Interbank Offered Rate (LIBOR) 3 [***] ([***]) months plus [***] percent ([***]%) (or its replacement) compounded from the date of on which the relevant payment was first due.

Interest Due. If any uncontested amount properly due and payable to a Party under this Agreement is overdue, then the paying Party will also pay interest on the amount unpaid amount accrued at maximum annual rate allowable by law, or the annual rate USD London Interbank Offered Rate (LIBOR) 3 months plus [*] ** (whichever is lower) from the date of on which the relevant payment was due.

Interest Due. If any uncontested amount properly due and payable to a Party under this Agreement is overdue, then the paying Party will also pay interest on the amount unpaid amount accrued at the annual rate USD London Interbank Offered Rate (LIBOR) 3 three (3) months plus [*] two percent (2%) (or its replacement) compounded from the date of on which the relevant payment was first due.