Common use of Interest on Late Payments Clause in Contracts

Interest on Late Payments. With respect to any payment between the Parties pursuant to this Agreement not made by the due date set forth in this Agreement for such payment, the outstanding amount will accrue interest at a rate per annum equal to the rate in effect for underpayments under Section 6621 of the Code from such due date to and including the payment date.

Appears in 81 contracts

Samples: Tax Matters Agreement (Cryptyde, Inc.), Tax Matters Agreement (American Outdoor Brands, Inc.), Tax Matters Agreement (Blue Cube Spinco Inc.)

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Interest on Late Payments. With respect to any payment between the Parties pursuant to this Agreement not made by the due date set forth in this Agreement for such payment, the outstanding amount will accrue interest at a rate per annum equal to the rate in effect for underpayments under Section 6621 of the Code from such due date to and including the earlier of the ninetieth (90th) day or the payment datedate and thereafter will accrue interest at a rate per annum equal to 9%.

Appears in 22 contracts

Samples: Agreement and Plan of Merger (Pinnacle Entertainment Inc.), Tax Matters Agreement (Rayonier Holding Co), Tax Matters Agreement (New GGP, Inc.)

Interest on Late Payments. With respect to any payment between the Parties pursuant to this Agreement not made by the due date set forth in this Agreement for such payment, the outstanding amount will accrue interest at a rate per annum equal to the prime rate published in effect the Wall Street Journal for underpayments under Section 6621 of the Code from such due date to and including the payment daterelevant period.

Appears in 15 contracts

Samples: Tax Matters Agreement (Red Violet, Inc.), Tax Matters Agreement (BBX Capital Florida LLC), Separation Agreement (Starwood Hotel & Resorts Worldwide, Inc)

Interest on Late Payments. With respect to any payment between among the Parties pursuant to this Agreement not made by the due date set forth in this Agreement for such payment, the outstanding amount will accrue interest at a rate per annum equal to the rate in effect for underpayments under Section 6621 of the Code from such due date to and including the payment date.

Appears in 6 contracts

Samples: Assignment and Assumption Agreement (Energy Future Intermediate Holding CO LLC), Purchase Agreement and Agreement and Plan of Merger (Energy Future Competitive Holdings Co LLC), Tax Matters Agreement (Energy Future Competitive Holdings Co LLC)

Interest on Late Payments. With respect to any payment between the Parties pursuant to this Agreement not made by the due date set forth in this Agreement for such payment, the outstanding amount will accrue interest at a rate per annum equal to the rate in effect for underpayments under Section 6621 of the Code from such due date to and including the payment date1-month LIBOR plus 350 basis points.

Appears in 6 contracts

Samples: Tax Allocation Agreement (Hamilton Beach Brands Holding Co), Tax Allocation Agreement (Hamilton Beach Brands Holding Co), Stockholders’ Agreement (Hyster Yale Materials Handling Inc.)

Interest on Late Payments. With respect to any payment between the Parties pursuant to this Agreement not made by the due date set forth in this Agreement for such payment, the outstanding amount will accrue interest at a rate per annum equal to the rate in effect for underpayments under Section 6621 of the Code from such due date to and including the earlier of the ninetieth (90th) day or the payment date, and thereafter will accrue interest at a rate per annum equal to Prime Rate plus 2%.

Appears in 5 contracts

Samples: Tax Matters Agreement (Care Capital Properties, Inc.), Tax Matters Agreement (Ventas Inc), Tax Matters Agreement (Care Capital Properties, Inc.)

Interest on Late Payments. With respect to any payment between the Parties pursuant to this Agreement not made by the due date set forth in this Agreement for such paymentpayment (once the amount of the payment has been finally determined), the outstanding amount will accrue interest at a rate per annum equal to the rate in effect for underpayments under Section 6621 of the Code from such due date to and including the payment date.

Appears in 4 contracts

Samples: Tax Matters Agreement (HS Spinco, Inc.), Tax Matters Agreement (HS Spinco, Inc.), Tax Matters Agreement (BellRing Distribution, LLC)

Interest on Late Payments. With respect to any payment between the Parties pursuant to this Agreement not made by the due date set forth in this Agreement for such payment, the outstanding amount will accrue interest at a rate per annum equal to the rate in effect for underpayments under Section 6621 of the Code from such due date up to and including the payment date.

Appears in 4 contracts

Samples: Tax Matters Agreement (Fortrea Holdings Inc.), Tax Matters Agreement (Fortrea Holdings Inc.), Tax Matters Agreement (Fortrea Holdings Inc.)

Interest on Late Payments. With respect to any payment between the Parties pursuant to this Agreement not made by the due date set forth in this Agreement for such payment, the outstanding amount will accrue interest at a rate per annum equal to the rate in effect for underpayments under Section 6621 of the Code from such due date to and including the earlier of the ninetieth (90th) day or the payment datedate and thereafter will accrue interest at a rate per annum equal to the prime lending rate prevailing at such time, as published in The Wall Street Journal.

Appears in 3 contracts

Samples: Tax Matters Agreement (Parkway, Inc.), Tax Matters Agreement (Parkway Properties Inc), Tax Matters Agreement (Cousins Properties Inc)

Interest on Late Payments. With respect to any payment between the Parties pursuant to this Agreement not made by the due date set forth in this Agreement for such payment, the outstanding amount will accrue interest at a rate per annum equal to the rate Prime Rate, as defined in effect for underpayments under Section 6621 of the Code from such due date to and including the payment dateSeparation Agreement.

Appears in 2 contracts

Samples: Tax Matters Agreement (Inpixon), Tax Matters Agreement (Sysorex, Inc.)

Interest on Late Payments. With respect to any payment between the Parties pursuant to this Agreement not made by the due date set forth in this Agreement for such payment, the outstanding amount will accrue interest at a rate per annum equal to the rate in effect for underpayments under Section 6621 of the Code from such due date to and including the earlier of the ninetieth (90th) day or the payment datedate and thereafter will accrue interest at a rate per annum equal to 9% if it is higher.

Appears in 2 contracts

Samples: Tax Matters Agreement (Hertz Rental Car Holding Company, Inc.), Tax Matters Agreement (Herc Holdings Inc)

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Interest on Late Payments. With respect to any payment between the Parties pursuant to this Agreement not made by the due date set forth in this Agreement for such payment, the outstanding amount will accrue interest at a rate per annum equal to the rate in effect for underpayments under Section 6621 of the Code from such due date to and including the earlier of the ninetieth (90th) day or the payment datedate and thereafter will accrue interest at a rate per annum equal to Prime Rate plus 2%.

Appears in 2 contracts

Samples: Tax Matters Agreement (Washington Prime Group Inc.), Tax Matters Agreement (Washington Prime Group Inc.)

Interest on Late Payments. With respect to any payment between the Parties pursuant to this Agreement not made by the due date Due Date set forth in this Agreement for such payment, the outstanding amount will accrue interest at a rate per annum equal to the rate in effect for underpayments under Section 6621 of the Code from such due date Due Date to and including the payment date.

Appears in 1 contract

Samples: Tax Matters Agreement (NRG Energy, Inc.)

Interest on Late Payments. With respect to any payment between the Parties pursuant to this Agreement not made by the due date set forth in this Agreement for such payment, the outstanding amount will accrue interest at a rate per annum equal to the rate in effect for underpayments under Section 6621 of the Code from such due date to and including the payment date9%.

Appears in 1 contract

Samples: Tax Matters Agreement (CareFusion Corp)

Interest on Late Payments. With respect to any payment between the Parties pursuant to this Agreement not made by the due date set forth in this Agreement for such payment, the outstanding amount will accrue interest at a rate per annum equal to the rate in effect for underpayments under Section 6621 of the Code from such due date to and including the earlier of the forty-fifth (45th) day or the payment datedate and thereafter will accrue interest at a rate per annum equal to 9%.

Appears in 1 contract

Samples: Tax Matters Agreement (Rayonier Advanced Materials Inc.)

Interest on Late Payments. With respect to any payment between the Parties pursuant to Any payments required under this Agreement that are not made by the when due date set forth in this Agreement for such payment, the outstanding amount will shall accrue interest at a rate per annum equal to the rate in effect for underpayments under Section 6621 of one percent (1%) per month from the Code from date such due date to and including payment is due. The Party making such payment shall make the payment datetogether with any accrued interest thereon through the date such payment is made.

Appears in 1 contract

Samples: License Agreement (Alteon Inc /De)

Interest on Late Payments. With respect to any payment between the Parties pursuant to this Agreement not made by the due date set forth in this Agreement for such payment, the outstanding amount will accrue interest at a rate per annum equal to the rate in effect for large corporate underpayments under Section 6621 of the Code from such due date to and including the payment datedate .

Appears in 1 contract

Samples: Tax Matters Agreement (Meredith Corp)

Interest on Late Payments. With respect to any payment between the Parties made by one Party to another Party pursuant to this Agreement not made by the due date set forth in this Agreement for such payment, the outstanding amount will accrue interest at a rate per annum equal to the rate in effect for underpayments under Section 6621 of the Code from such due date to and including the payment dateCode.

Appears in 1 contract

Samples: Tax Sharing Agreement (AXA Equitable Holdings, Inc.)

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