Interest on Delinquent Amounts Sample Clauses

Interest on Delinquent Amounts. In addition to the late charge described above, in the event any monthly rental installment is received by Lessor later than the 30th day of the month, Lessee shall be liable to Lessor for interest on such monthly rental installment at ten percent (10%) per annum.
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Interest on Delinquent Amounts. Monthly concession payments shall be delinquent if not received by the DNR by the tenth of the month following the month being reported/paid of that year. The Concessionaire shall be responsible to pay the DNR simple interest at the rate of % per annum on all delinquent amounts.
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Interest on Delinquent Amounts. Except as expressly provided otherwise herein, any amount payable under this Lease which is not received before delinquency shall bear interest from the expiration of the notice period until the date received at the Overdue Rate provided such sum is not received within five (5) days after receipt of notice that said sum is overdue. The "Overdue Rate" shall be a per annum rate equal to the lesser of: (1) two percent (2%) above the "prime" rate of interest for U.S. money center banks (or equivalent) as published from time to time in the Wall Street Journal, or (2) the highest rate of interest permitted under applicable usury laws. Neither demand for nor receipt of interest on any delinquent sum shall excuse the obligation to timely pay such sum or waive any default with respect thereto.
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Interest on Delinquent Amounts. If Customer fails to pay any part of the rent or any other sum owing under this agreement within ten (10) days after the due date thereof, Customer will pay to Toolco interest on such delinquent payment from the expiration of said ten (10) days until paid at rate of 18% per annum or the highest lawful contract rate applicable to this transaction, whichever is less.
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Interest on Delinquent Amounts. Without waiving any other right available to Authority in the Event of Default in Airline's payment of rents, fees or charges under this Agreement, in the event that Airline is delinquent in paying Authority any such rents, fees or charges, and if Airline fails to pay such amounts within ten (10) business days after Authority's written demand, Airline shall pay Authority interest thereon, from the date such rents, fees or charges became payable to the date of payment, at the maximum interest rate then provided by applicable law; provided, however, that if no maximum interest rate is then provided by applicable law, the interest rate shall be eighteen percent (18%) per annum. Such interest shall not accrue with respect to disputed items being contested in good faith by Airline.
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Related to Interest on Delinquent Amounts

  • Interest on Delinquent Payments Without waiving any other right or action available to Authority, in the event of default of Company's payment of Rents or other charges hereunder, and in the event Company is delinquent in paying to Authority any Rents or other charges for a period of five (5) days after the payment is due, Authority reserves the right to charge Company interest thereon from the date the Rents or other charges became due to the date of payment at one and one-half percent (1.5%) per month, to the maximum extent permitted by Applicable Law.

  • Interest on Unpaid Balances Interest on any unpaid amount (including amounts placed in escrow) shall be calculated in accordance with the method specified for interest on refunds in the Commission’s regulations at 18 C.F.R. § 35.19a (a)(2)(iii). Interest on unpaid amounts shall be calculated from the due date of the xxxx to the date of payment. Invoices shall be considered as having been paid on the date of receipt of payment.

  • Interest on Deposits Any interest earned on cash deposits will be credited to CLEC in the amount actually earned or at the rate set forth in Section 8.7 below, whichever is lower, except as otherwise required by law, provided that, for elimination of doubt, the Parties agree that such deposits are not subject to state laws or regulations relating to consumer or End User Customer cash deposits. Cash deposits and accrued interest, if applicable, will be credited to CLEC's account or refunded, as appropriate, upon the earlier of the expiration of the term of this Agreement or the establishment of satisfactory credit with Qwest, which will generally be one full year of consecutive timely payments of undisputed amounts in full by CLEC. Upon a material change in financial standing, CLEC may request, and Qwest will consider, a recalculation of the deposit. The fact that a deposit has been made does not relieve CLEC from any requirements of this Agreement.

  • Interest on Payments Any payment by the Receiver pursuant to Section 2.6(d) shall be made together with interest on the amount thereof that accrues with effect from five (5) Business Days after the date on which payment was agreed or determined to be due until such amount is paid. The annual interest rate shall be determined by the Receiver based on the coupon equivalent of the three (3)-month U.S. Treasury Xxxx Rate in effect as of the first Business Day of each Calendar Quarter during which such interest accrues as reported in the Federal Reserve Board Statistical Release for Selected Interest Rates H.15 opposite the caption “Treasury bills (secondary market), 3-Month” or, if not so reported for such day, for the next preceding Business Day for which such rate was so reported.

  • Interest on Overdue Payments (a) If, for any reason, a Party does not pay an amount payable under or in connection with this Agreement on or before the due date for payment, it must pay interest to the other Party (who is entitled to receive the payment).

  • Interest on Arrears Any interest instalment unpaid on maturity shall yield interest, of right and without formal notice, at the same rate as applicable to the portion of the loan whose interest is unpaid on maturity, such interest being payable to the Lender on request.

  • Interest on Advances Each Borrower shall pay interest on the unpaid principal amount of each Advance made to such Borrower by each Bank from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Interest on Swing Loans Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to (i) the sum of the Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit as from time to time in effect (computed on the basis of a year of 360 days for the actual number of days elapsed) or (ii) the Swing Line Lender’s Quoted Rate (computed on the basis of a year of 360 days for the actual number of days elapsed). Interest on each Swing Loan shall be due and payable by the Borrower on each Interest Payment Date and at maturity (whether by acceleration or otherwise).

  • Interest on Unpaid Amounts Any amount which has become payable pursuant to the terms of this Agreement or any decision by arbitrators or judgment by a court of law pursuant to this Section 11 but which has not been timely paid shall bear interest at the prime rate in effect at the time such amount first becomes payable, as quoted by the Bank, except as otherwise provided in Sections 5(g), 6(d) and 7(g) of this Agreement (concerning interest payable with respect to certain delayed payments that are subject to Section 409A of the Code).

  • Interest on Loans (a) Except as otherwise set forth herein, each Class of Loan shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows:

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