Common use of INTEREST ON OUTSTANDING BALANCES Clause in Contracts

INTEREST ON OUTSTANDING BALANCES. If D&PL or SYNGENTA fails to pay on any due date any amount which is payable under this LICENSE AGREEMENT, then, without prejudice to other remedies, that amount shall bear interest at the "Prime Rate on Corporate Loans at Large U. S. Money Center Commercial Banks" as reported by the Wall Street Journal on said due date plus three percent (3%) per annum from the due date until payment is made in full, both before and after any judgment.

Appears in 2 contracts

Samples: License Agreement (Delta & Pine Land Co), License Agreement (Delta & Pine Land Co)

AutoNDA by SimpleDocs

INTEREST ON OUTSTANDING BALANCES. If D&PL or SYNGENTA fails to pay on --------------------------------- any due date any amount which is payable under this LICENSE AGREEMENT, then, without prejudice to other remedies, that amount shall bear interest at the "Prime Rate on Corporate Loans at Large U. S. Money Center Commercial Banks" as reported by the Wall Street Journal on said due date plus three percent (3%) per annum from the due date until payment is made in full, both before and after any judgment.

Appears in 2 contracts

Samples: License Agreement (Delta & Pine Land Co), License Agreement (Delta & Pine Land Co)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.