Common use of Interest on Unpaid Balances Clause in Contracts

Interest on Unpaid Balances. The rate of interest on any unpaid amounts (including amounts placed in escrow) shall be equal to the Interest Rate in effect from time to time plus two percent per annum. Interest on delinquent amounts shall be calculated from the due date of the xxxx to the date of payment. When payments are made by mail, bills shall be considered as having been paid on the date of receipt by the other Party.

Interest on Unpaid Balances. The rate of interest on any unpaid amounts (including amounts placed in escrow) shall be equal to the Interest Rate in effect from time to time plus two percent per annum. Interest on delinquent amounts shall be calculated from the due date of the xxxx to the date of payment. When payments are made by mail, bills shall be considered as having been paid on the date of receipt by the other Party.Party.‌

Interest on Unpaid Balances. The rate of interest on any unpaid amounts (including amounts placed in escrow) shall be equal to the Interest Rate in effect from time to time plus two percent per annum. Interest on delinquent amounts shall be calculated from the due date of the xxxx bill to the date of payment. When payments are made by mail, bills shall be considered as having been paid on the date of receipt by the other Party.