Common use of Interest on Late Payments Clause in Contracts

Interest on Late Payments. Payments pursuant to this Agreement that are not made by the date prescribed in this Agreement or, if no such date is prescribed, not later than five (5) Business Days after demand for payment is made (the “Due Date”) shall bear interest for the period from and including the date immediately following the Due Date through and including the date of payment at the Interest Rate. Such interest will be payable at the same time as the payment to which it relates. Interest will be calculated on the basis of a year of 365 days and the actual number of days for which due.

Appears in 16 contracts

Samples: Tax Indemnity and Sharing Agreement (M-Tron Industries, Inc.), Tax Disaffiliation Agreement (MSG Spinco, Inc.), Tax Indemnity and Sharing Agreement (Associated Capital Group, Inc.)

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Interest on Late Payments. Payments pursuant to this Agreement that are not made by the date prescribed in this Agreement or, if no such date is prescribed, not later than five (5) Business Days business days after demand for payment is made (the “Due Date”) shall bear interest for the period from and including the date immediately following the Due Date through and including the date of payment at the Interest Rate. Such interest will be payable at the same time as the payment to which it relates. Interest will be calculated on the basis of a year of 365 days and the actual number of days for which due.

Appears in 16 contracts

Samples: Tax Sharing Agreement (Liberty TripAdvisor Holdings, Inc.), Tax Sharing Agreement (CommerceHub, Inc.), Tax Sharing Agreement (Liberty Media Corp)

Interest on Late Payments. Payments pursuant to this Agreement that are not made by the date prescribed in this Agreement or, if no such date is prescribed, not later than five (5) Business Days after demand for payment is made (the “Due Date”) shall bear interest for the period from and including the date immediately following the Due Date through and including the date of payment at the Interest Rate. Such interest will be payable at the same time as the payment to which it relates. Interest will be calculated on the basis of a year of 365 days and the actual number of days for which due.

Appears in 5 contracts

Samples: Tax Disaffiliation Agreement (Cablevision Systems Corp /Ny), Tax Disaffiliation Agreement (Madison Square Garden, Inc.), Tax Disaffiliation Agreement (Cablevision Systems Corp /Ny)

Interest on Late Payments. Payments pursuant to this Agreement that are not made by the date prescribed in this Agreement or, if no such date is prescribed, not later than five (5) Business Days business days after demand for payment is made (the "Due Date") shall bear interest for the period from and including the date immediately following the Due Date through and including the date of payment at the Interest Rate. Such interest will be payable at the same time as the payment to which it relates. Interest will be calculated on the basis of a year of 365 days and the actual number of days for which due.

Appears in 5 contracts

Samples: Ii Tax Sharing Agreement (Liberty Splitco, Inc.), Tax Sharing Agreement (Liberty Entertainment, Inc.), Ii Tax Sharing Agreement (Liberty Splitco, Inc.)

Interest on Late Payments. Payments pursuant to this Agreement that are not made by the date prescribed in this Agreement or, if no such date is prescribed, not later than five (5) Business Days business days after demand for payment is made (the “Due Date”) shall bear interest for the period from and including the date immediately following the Due Date through and including the date of payment at the Interest Rate. Such interest will be payable at the same time as the payment to which it relates. Interest will be calculated on the basis of a year of 365 days and the actual number of days for which due.

Appears in 4 contracts

Samples: Tax Sharing Agreement (Liberty Media Corp), Tax Sharing Agreement (Atlanta Braves Holdings, Inc.), Tax Sharing Agreement (Liberty Media Corp)

Interest on Late Payments. Payments pursuant to this Agreement that are not made by the date prescribed in this Agreement or, if no such date is prescribed, not later than five (5) Business Days ten business days after demand for payment is made (the “Due Date”) shall bear interest for the period from and including the date immediately following the Due Date through and including the date of payment at the Interest Rate. Such interest will be payable at the same time as the payment to which it relates. Interest will be calculated on the basis of a year of 365 days and the actual number of days for which due.

Appears in 2 contracts

Samples: Tax Sharing Agreement (Liberty Latin America Ltd.), Tax Sharing Agreement (Liberty Latin America Ltd.)

Interest on Late Payments. Payments pursuant to this Agreement that are not made by the date prescribed in this Agreement or, if no such date is prescribed, not later than five (5) Business Days after demand for payment is made (the “Due Date”) shall bear interest for the period from and including the date immediately following the Due Date through and including the date of payment at the Interest Rate. Such interest will be payable at the same time as the payment to which it relates. Interest will be calculated on the basis of a year of 365 days and the actual number of days for which due.

Appears in 2 contracts

Samples: Tax Sharing Agreement (Eve Holding, Inc.), Tax Sharing Agreement (Sirius Xm Holdings Inc.)

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Interest on Late Payments. Payments pursuant to this Agreement that are not made by the date prescribed Save as otherwise provided in this Agreement or, if no such date any amount is prescribed, not later than five (5) Business Days after demand for payment paid when it is made (due then it shall carry interest at the “Due Date”) shall bear interest for rate determined in accordance with Section 2.5 during the period from and including the date immediately following the Due Date through and including time when it is due to the date of payment at the Interest Ratepayment. Such interest will be payable at the same time as the payment to which it relates. Interest will shall be calculated daily on the basis of a year of 365 days and the actual number of days for which due.elapsed. 8.16

Appears in 1 contract

Samples: Share Purchase Agreement (Interlake Corp)

Interest on Late Payments. Payments pursuant to this Agreement that are not made by the date prescribed in this Agreement or, if no such date is prescribed, not later than five (5) Business Days after demand for payment is made (the Due DateDate ”) shall bear interest for the period from and including the date immediately following the Due Date through and including the date of payment at the Interest Rate. Such interest will be payable at the same time as the payment to which it relates. Interest will be calculated on the basis of a year of 365 days and the actual number of days for which due.

Appears in 1 contract

Samples: Tax Disaffiliation Agreement (Madison Square Garden Entertainment Corp.)

Interest on Late Payments. Payments pursuant to this Agreement that are not made by the date prescribed in this Agreement or, if no such date is prescribed, not later than five (5) Business Days after demand for payment is made (the “Due Date”) shall bear interest for the period from and including the date immediately following the Due Date through and including the date of payment at the Interest Rate. Such interest will be payable at the same time as the payment to which it relates. Interest will be calculated on the basis of a year of 365 days and the actual number of days for which due.

Appears in 1 contract

Samples: Tax Sharing Agreement (Bandwidth Inc.)

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