Common use of Interest on Delinquent Payments Clause in Contracts

Interest on Delinquent Payments. Without waiving any other right or action available to Authority in the event of default of Company's payment of fees or other charges hereunder, and in the event Company is delinquent in such payments to Authority, for a period of five business days after the payment is due, Authority reserves the right to charge Company interest thereon, from the date such fees or other charges became due to the date of payment, at the Federal Reserve Bank of New York prime rate in effect on the date the fees or other charges became due plus four percent (FRBNY prime + 4%) or 12 percent per annum, whichever is greater, to the maximum extent permitted by law.

Interest on Delinquent Payments. Without waiving any other right or action available to Authority in the event of default of Company's payment of fees Rents, fees, or other charges hereunder, and in the event Company is delinquent in such payments paying to AuthorityAuthority any Rents, fees, or other charges for a period of five business calendar days after the payment is due, Authority reserves the right to charge Company interest thereon, thereon from the date such the fees or other charges became due to the date of payment, payment at the Federal Reserve Bank of New York prime rate in effect on the date the fees or other charges became due plus four percent (FRBNY prime + 4%) or 12 percent per annum, whichever is greater, to the maximum extent permitted by law.

Interest on Delinquent Payments. Without waiving any other right or action available to Authority Authority, in the event of default of Company's payment of charges or fees or other charges hereunder, and in the event Company is delinquent in such payments paying to Authority, Authority any charges or fees for a period of five business calendar days after the payment is due, Authority reserves the right to charge Company interest thereon, thereon from the date such the fees or other charges became due to the date of payment, payment at the Federal Reserve Bank of New York prime rate in effect on the date the fees or other charges became due plus four percent (FRBNY prime + 4%) or 12 percent per annum, whichever is greater, to the maximum extent permitted by lawlaw from the date such item was due and payable until paid. Such interest will not accrue with respect to disputed items being contested in good faith by Company, in which event the legal rate of interest will prevail.

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, fees or and other charges hereunder, and in the event Company is delinquent in paying to Authority any such payments to AuthorityRents, fees and other charges for a period of five business calendar days after the payment is due, Authority reserves the right to charge Company interest thereon, thereon from the date such Rents, fees or and other charges became due and payable to the date of payment, payment at the Federal Reserve Bank of New York prime rate in effect on the date the fees or other charges became due plus four percent (FRBNY prime + 4%) or 12 percent per annum, whichever is greater, to the maximum extent permitted by law.

Interest on Delinquent Payments. Without waiving any other right or action available to Authority Authority, in the event of default of Company's payment of Rents, fees or and other charges due hereunder, and in the event Company is delinquent in any such payments to Authority, Authority for a period of five business (5) days after the payment is due, Authority reserves the right to charge Company interest thereon, thereon from the date such the Rents, fees or and other charges became due to the date of payment, payment at the Federal Reserve Bank of New York prime rate in effect on the date the Rents, fees or other charges became due plus four percent (FRBNY prime + 4%) or 12 percent per annum, whichever is greater, to the maximum extent permitted by law.

Interest on Delinquent Payments. Without waiving any other right or action available to Authority in the event of default of Company's payment of fees Rents or other charges hereunder, and in the event Company is delinquent in any such payments to Authority, Authority for a period of five business days after the payment is due, Authority reserves the right to charge Company interest thereon, thereon from the date such fees the Rents or other charges became due to the date of payment, payment at the Federal Reserve Bank of New York prime rate in effect on the date the fees Rents or other charges became due plus four percent (FRBNY prime + 4%) or 12 percent per annum, whichever is greater, to the maximum extent permitted by law.

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, fees or and other charges hereunder, and in the event Company is delinquent in paying to Authority any such payments to AuthorityRents, fees and other charges for a period of five business calendar days after the payment is due, Authority reserves the right to charge Company interest thereon, thereon from the date such Rents, fees or and other charges became due and payable to the date of payment, payment at the Federal Reserve Bank of New York prime rate in effect on the date the fees or other charges became due plus four percent (FRBNY prime + 4%) or 12 percent per annum, whichever is greater, to the maximum extent permitted by law. Such interest will not accrue with respect to disputed items being contested in good faith by Company, in which event the legal rate of interest will prevail.