Interest on Past Due Payments. (a) Obligation to Pay. Any Assignee Proceeds or other amounts of money not paid by Assignor to Assignee when due shall bear, and Assignor will pay, interest at the Prime Interest Rate on the overdue amount commencing on the sixth (6th) day after such due date until such amount is paid.
Interest on Past Due Payments. Subject to Section 11.7 hereof, Borrower will pay to Agent for the account of each Lender interest at the applicable Past Due Rate on any amount payable by Borrower hereunder to or for the account of such Lender (but, if such amount is interest, only to the extent legally allowed), which shall not be paid in full within five (5) days after the date due (whether at stated maturity, by acceleration or otherwise), for the period commencing on the expiration of such five (5) day period until the same is paid in full.
Interest on Past Due Payments. If a payment is due to be made by a party pursuant to this Agreement and such payment is not made within thirty (30) days following receipt by such party of written demand for such payment from the party entitled to receive such payment, then the party obligated to make such payment agrees to pay interest on the amount due and unpaid at a variable rate equal to the Prime Rate then in effect. Such interest shall begin to accrue on the first day following the end of such thirty (30) day period and shall continue to accrue on the unpaid amount until the past due amount has been paid in full.
Interest on Past Due Payments. If either Party fails to pay any payment due under this Agreement on or before the date such payment is due, as provided in this Agreement, such late payment shall bear interest, to the extent permitted by applicable Law, at the [ * ] as [ * ] from time to time [ * ], effective for the first date on which payment was delinquent and calculated on the number of days such payment is overdue or, if such rate is [ * ], as [ * ] as the Parties agree.
Interest on Past Due Payments. If either Party fails to pay any payment due under this Agreement on or before the date such payment is due, as provided in this Agreement, such late payment shall bear interest, to the extent permitted by applicable law, *** as reported from time to time in The Wall Street Journal, effective for the first date on which payment was delinquent and calculated on the number of days such payment is overdue or, if such rate is not regularly published, as published in such source as the Parties agree.
Interest on Past Due Payments. Any sum due INSpire pursuant to this Agreement that is not paid by the date on which payment is due shall bear interest from that date until the date such sum is paid at the lesser of 1.5% per month or the maximum rate of interest allowed by applicable law. Customer will also pay INSpire for any reasonable expenses, including attorneys' fees, incurred by INSpire in the collection of any amounts due and payable under this Agreement.
Interest on Past Due Payments. Any undisputed sum due CGI pursuant to this Agreement that is not paid within 15 days of when payment is due shall bear interest from that date until the date such sum is paid at the lesser of 1.5 percent per month or the maximum rate of interest allowed by applicable law. Client will also pay CGI for any reasonable expenses, including attorney's fees, incurred by CGI in the collection of any amounts due and payable under this Agreement.
Interest on Past Due Payments. Any undisputed amount not paid by El Paso or Ramshorn when due shall bear, and the owing party will pay, interest at the Agreed Rate or the maximum contract rate permitted by the applicable usury laws in the state in which the Subject Xxxxx are located, whichever is less, plus attorney's fees, court costs, and other costs in connection with the collection of unpaid amounts.
Interest on Past Due Payments. Any royalties not paid hereunder to Payee when due shall bear, and Payor shall pay, interest at the rate of eighteen percent (18%) per annum, but in any case not in excess of the maximum amount allowed by law, such interest to be calculated from such due date until such amount is paid.
Interest on Past Due Payments. Any amount not paid by Operating Partnership to Pension Partnership when due shall bear, and Operating Partnership will pay, interest at the per annum rate of one percentage point over the Prime Interest Rate in effect during the period of such nonpayment, provided that such interest shall not be in excess of the maximum amount allowed by law.
