Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two (2%) percent.
Appears in 23 contracts
Samples: Separation and Distribution Agreement (Urban Edge Properties), Separation and Distribution Agreement (JBG SMITH Properties), Separation and Distribution Agreement (Alcoa Upstream Corp)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxxbill, invoice xxvoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 16 contracts
Samples: Separation and Distribution Agreement (Water Pik Technologies Inc), Separation and Distribution Agreement (Water Pik Technologies Inc), Separation and Distribution Agreement (Agere Systems Inc)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty forty-five (3045) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two percent (2%) percent).
Appears in 14 contracts
Samples: Separation and Distribution Agreement (Otis Worldwide Corp), Separation and Distribution Agreement (Raytheon Technologies Corp), Separation and Distribution Agreement (Equitrans Midstream Corp)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 11 contracts
Samples: Separation and Distribution Agreement (Civeo Corp), Separation and Distribution Agreement (Civeo Corp), Master Separation and Distribution Agreement (Ecost Com Inc)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty forty-five (3045) days of such xxxxbill, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two percent (2%) percent).
Appears in 10 contracts
Samples: Separation and Distribution Agreement (Bluerock Homes Trust, Inc.), Separation and Distribution Agreement (Vestis Corp), Separation and Distribution Agreement (Aramark)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two one and one-half percent (21.5%) percentor the maximum rate permitted by Law, whichever is less.
Appears in 8 contracts
Samples: Separation and Distribution Agreement (Delphi Automotive PLC), Separation and Distribution Agreement (Exterran Corp), Separation and Distribution Agreement (ESAB Corp)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 8 contracts
Samples: Separation Agreement (Cellectis S.A.), Separation Agreement (Calyxt, Inc.), Separation Agreement (Cellectis S.A.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two one percent (21%) percent).
Appears in 8 contracts
Samples: Master Distribution Agreement (Logiq, Inc.), Separation and Distribution Agreement (IAA Spinco Inc.), Separation and Distribution Agreement (KAR Auction Services, Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two percent (2%) percent).
Appears in 7 contracts
Samples: Separation and Distribution Agreement (Concentrix Corp), Separation and Distribution Agreement (Targa Resources Partners LP), Separation and Distribution Agreement (Atlas Energy Group, LLC)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty sixty (3060) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two percent (2%) percent).
Appears in 7 contracts
Samples: Separation Agreement (SunEdison Semiconductor LTD), Separation and Distribution Agreement (NOW Inc.), Separation and Distribution Agreement (CST Brands, Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two five percent (25%) percent).
Appears in 6 contracts
Samples: Separation and Distribution Agreement, Separation and Distribution Agreement (Mallinckrodt PLC), Separation and Distribution Agreement (nVent Electric PLC)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (25%) percent.
Appears in 5 contracts
Samples: Form of Employee Matters Agreement (Elanco Animal Health Inc), Employee Matters Agreement (Elanco Animal Health Inc), Tax Matters Agreement (Elanco Animal Health Inc)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary AgreementTransaction Document, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement Transaction Document (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of the date of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 5 contracts
Samples: Separation Agreement (Cowen Group, Inc.), Separation Agreement (Cowen Group, Inc.), Indemnification Agreement (Cowen Group, Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded in writing and properly payable that are not paid within thirty (30) days of the date of such xxxx, invoice or other written demand) shall accrue interest at a rate per annum equal to Prime Rate plus two (25%) percent.
Appears in 5 contracts
Samples: Separation and Distribution Agreement (FTD Companies, Inc.), Separation and Distribution Agreement (FTD Companies, Inc.), Separation and Distribution Agreement (FTD Companies, Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty sixty (3060) days of the date of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 5 contracts
Samples: Separation and Distribution Agreement (Abbott Laboratories), Separation and Distribution Agreement (AbbVie Inc.), Separation and Distribution Agreement (AbbVie Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Operating Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Operating Agreement (and any amounts billed or otherwise invoiced or demanded in writing and properly payable that are not paid within thirty (30) 30 days of the date of such xxxx, invoice or other written demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 5 contracts
Samples: Separation and Distribution Agreement (Western Union CO), Separation and Distribution Agreement (Marathon Petroleum Corp), Separation and Distribution Agreement (Western Union CO)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty sixty (3060) days of the date of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two (2%) percent3% per annum, or the maximum legal rate, whichever is lower.
Appears in 4 contracts
Samples: Separation and Distribution Agreement (Baxalta Inc), Separation and Distribution Agreement (Baxalta Inc), Separation and Distribution Agreement (Baxter International Inc)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two four percent (24%) percent).
Appears in 4 contracts
Samples: Separation and Distribution Agreement (Care Capital Properties, Inc.), Separation and Distribution Agreement (Care Capital Properties, Inc.), Separation and Distribution Agreement (Care Capital Properties, Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any Any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty sixty (3060) days of the date of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two percent (2%) percent), or the maximum legal rate, whichever is lower.
Appears in 4 contracts
Samples: Operations Agreement (AbbVie Inc.), Operations Agreement (AbbVie Inc.), Operations Agreement (AbbVie Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of the date of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percentRate.
Appears in 4 contracts
Samples: Separation and Distribution Agreement (Chaparral Steel CO), Separation and Distribution Agreement (Chaparral Steel CO), Separation and Distribution Agreement (Texas Industries Inc)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 45 days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 4 contracts
Samples: Separation and Distribution Agreement (Consensus Cloud Solutions, Inc.), Separation and Distribution Agreement (Teradata Corp /De/), Separation and Distribution Agreement (Teradata Corp /De/)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two percent (2%) percent).
Appears in 4 contracts
Samples: Separation and Distribution Agreement (Contango ORE, Inc.), Agreement and Plan of Merger (Coeur Mining, Inc.), Separation and Distribution Agreement (Paramount Gold & Silver Corp.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement, the Registration Rights Agreements or the Tax Indemnification and Allocation Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 4 contracts
Samples: Separation and Distribution Agreement (Ubid Inc), Registration Rights Agreement (Ubid Inc), Separation and Distribution Agreement (Creative Computers Inc)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any other Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any other Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (25%) percent.
Appears in 4 contracts
Samples: Separation and Distribution Agreement (Sunoco Inc), Separation and Distribution Agreement (SunCoke Energy, Inc.), Separation and Distribution Agreement (SunCoke Energy, Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty forty-five (3045) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two (2%) percent.
Appears in 4 contracts
Samples: Separation and Distribution Agreement (Gannett SpinCo, Inc.), Separation and Distribution Agreement (Gannett SpinCo, Inc.), Separation and Distribution Agreement (Gannett Co., Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 4 contracts
Samples: Global Separation Agreement (Zoetis Inc.), Separation Agreement (Hanson Building Products LTD), Global Separation Agreement (Zoetis Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxxbill, invoice xxvoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two six percent (26%) percent.). * * * * *
Appears in 3 contracts
Samples: Contribution Agreement (Seranova Inc), Contribution Agreement (Seranova Inc), Contribution Agreement (Seranova Inc)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxxbxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two (2%) percent.
Appears in 3 contracts
Samples: Separation and Distribution Agreement (Ingevity Corp), Separation and Distribution Agreement (Ingevity Corp), Separation and Distribution Agreement (Ingevity Corp)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two (2%) percentthe prime lending rate prevailing at such time, as published in The Wall Street Journal.
Appears in 3 contracts
Samples: Separation, Distribution and Transition Services Agreement (Parkway, Inc.), Separation, Distribution and Transition Services Agreement (Parkway, Inc.), Separation, Distribution and Transition Services Agreement (Cousins Properties Inc)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty forty-five (3045) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two five percent (25%) percent(or, if lower, the maximum rate permitted by applicable Law).
Appears in 3 contracts
Samples: Separation and Distribution Agreement (Aptevo Therapeutics Inc.), Separation and Distribution Agreement (Aptevo Therapeutics Inc.), Separation and Distribution Agreement (Emergent BioSolutions Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent% but in no event higher than the highest rate permitted by applicable Law.
Appears in 3 contracts
Samples: Separation Agreement (Venator Materials PLC), Separation Agreement (Venator Materials PLC), Separation Agreement (Rentech, Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days after receipt of such xxxxbill, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two ten percent (210%) percent).
Appears in 3 contracts
Samples: Separation and Distribution Agreement (RXO, Inc.), Separation and Distribution Agreement (Rxo, LLC), Separation and Distribution Agreement (Rxo, LLC)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 3 contracts
Samples: Patent And (Zoetis Inc.), Patent And (Zoetis Inc.), Research and Development Collaboration and License Agreement (Zoetis Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxxbill, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two one and one-half percent (21.5%) percentor the maximum rate permitted by Law, whichever is less.
Appears in 3 contracts
Samples: Separation and Distribution Agreement (Worthington Steel, Inc.), Separation and Distribution Agreement (Worthington Steel, Inc.), Separation and Distribution Agreement (Worthington Enterprises, Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (22.5%) percent.
Appears in 3 contracts
Samples: Separation and Shareholder Agreement (Citizens Financial Group Inc/Ri), Separation and Shareholder Agreement (Citizens Financial Group Inc/Ri), Separation and Shareholder Agreement (Citizens Financial Group Inc/Ri)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement or the Tax Indemnification Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxxbxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 3 contracts
Samples: Separation Agreement (DSP Group Inc /De/), Separation Agreement (Ceva Inc), Separation Agreement (Ceva Inc)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two (2%) percent, compounded semiannually, from such due date to the date paid.
Appears in 3 contracts
Samples: Separation and Distribution Agreement (CNX Resources Corp), Separation and Distribution Agreement (CNX Resources Corp), Separation and Distribution Agreement (CONSOL Mining Corp)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of receipt of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent, compounded semiannually, from such due date to the date paid.
Appears in 3 contracts
Samples: Separation and Distribution Agreement (Adient LTD), Separation and Distribution Agreement (Johnson Controls International PLC), Separation and Distribution Agreement (Adient LTD)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded in writing and properly payable that are not paid within thirty (30) days of the date of such xxxx, invoice or other written demand) shall accrue interest at a rate per annum equal to Prime Rate plus two (212%) percent.
Appears in 3 contracts
Samples: Separation and Distribution Agreement (A & B II, Inc.), Separation and Distribution Agreement (Alexander & Baldwin Inc), Separation and Distribution Agreement (A & B II, Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxxbxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two one percent (21%) percent).
Appears in 3 contracts
Samples: Master Distribution Agreement (Taronis Fuels, Inc.), Master Distribution Agreement (Taronis Fuels, Inc.), Master Distribution Agreement (Taronis Fuels, Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two percent (2%) percent).
Appears in 3 contracts
Samples: Patent And (Zoetis Inc.), How License Agreement (Zoetis Inc.), Patent And (Zoetis Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement, in any Ancillary Agreement or in any Ancillary Management Agreement, any amount not paid when due pursuant to this Agreement, any Ancillary Agreement or any Ancillary Management Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two five (25%) percent.
Appears in 2 contracts
Samples: Separation and Distribution Agreement (DDR Corp), Separation and Distribution Agreement (Retail Value Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxxbxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two (2%) percentthe prime lending rate prevailing at such time, as published in The Wall Street Journal.
Appears in 2 contracts
Samples: Separation and Distribution Agreement (Orion Office REIT Inc.), Separation and Distribution Agreement (Realty Income Corp)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxxbill, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two of five percent (25%) percentper annum.
Appears in 2 contracts
Samples: Separation and Distribution Agreement (ZimVie Inc.), Separation and Distribution Agreement (Zimmer Biomet Holdings, Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty sixty (3060) days of such xxxxbxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two (2%) percent.
Appears in 2 contracts
Samples: Separation and Distribution Agreement (Arconic Corp), Separation and Distribution Agreement (Arconic Rolled Products Corp)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days after receipt of such xxxxbill, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two (2%) percentthe Applicable Rate.
Appears in 2 contracts
Samples: Separation and Distribution Agreement (SilverSun Technologies Holdings, Inc./Nv), Investment Agreement (SilverSun Technologies, Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (25%) percent.
Appears in 2 contracts
Samples: Separation and Distribution Agreement (Phillips 66), Separation and Distribution Agreement (Phillips 66)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two one and one-half percent (21.5%) percentor the maximum rate permitted by Law.
Appears in 2 contracts
Samples: Separation and Distribution Agreement (Exterran Corp), Separation and Distribution Agreement (Exterran Corp)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of the date of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 2 contracts
Samples: Separation and Distribution Agreement (Hospira Inc), Separation and Distribution Agreement (Hospira Inc)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement or the Tax Indemnification Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 2 contracts
Samples: Separation Agreement (Ceva Inc), Separation Agreement (Parthusceva Inc)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 60 days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (21.0%) percent.
Appears in 2 contracts
Samples: Transitional Services and Separation Agreement (Colliers International Group Inc.), Transitional Services and Separation Agreement (FirstService Corp)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two percent (2%) percent).
Appears in 2 contracts
Samples: Master Separation and Distribution Agreement (Pc Mall Inc), Master Separation and Distribution Agreement (Ecost Com Inc)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.% but in no event higher than the highest rate permitted by applicable Law
Appears in 2 contracts
Samples: Separation and Distribution Agreement (California Resources Corp), Separation and Distribution Agreement (Occidental Petroleum Corp /De/)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days after receipt of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two percent (2%) percent).
Appears in 2 contracts
Samples: Separation and Distribution Agreement (XPO Logistics, Inc.), Separation and Distribution Agreement (GXO Logistics, Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty forty-five (3045) days of such xxxxbill, invoice or other xxxer demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two percent (2%) percent).
Appears in 2 contracts
Samples: Separation and Distribution Agreement (AHS Holding Company, Inc.), Separation and Distribution Agreement (Frontdoor, Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of the date of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 2 contracts
Samples: Separation and Distribution Agreement (Quorum Health Corp), Separation and Distribution Agreement (Quorum Health Corp)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (21%) percent.
Appears in 2 contracts
Samples: Separation and Transition Agreement (Cenovus Energy Inc.), Separation and Transition Agreement (Encana Corp)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty one hundred twenty (30120) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two one and one-half percent (21.5%) percent).
Appears in 2 contracts
Samples: Employee Matters Agreement (Exterran Corp), Employee Matters Agreement (Exterran Corp)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any undisputed amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 2 contracts
Samples: Separation and Distribution Agreement (SLM Corp), Separation and Distribution Agreement (Navient Corp)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any other Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any other Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 2 contracts
Samples: Separation and Distribution Agreement, Separation and Distribution Agreement
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime the Libor Rate plus two five percent (25%) percent).
Appears in 2 contracts
Samples: Separation and Distribution Agreement (nVent Electric PLC), Separation and Distribution Agreement (PENTAIR PLC)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two one (21%) percent.
Appears in 1 contract
Samples: Separation and Distribution Agreement (Armstrong World Industries Inc)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxxbxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two percent (2%) percent.
Appears in 1 contract
Samples: Separation and Distribution Agreement (International Seaways, Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percentRate.
Appears in 1 contract
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime the Applicable Rate plus two (2%) percent.
Appears in 1 contract
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 60 days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 1 contract
Samples: Separation and Distribution Agreement (Gen Probe Inc)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.. Exchange of Information; Confidentiality
Appears in 1 contract
Samples: Separation Agreement (DreamWorks Animation SKG, Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty ten (3010) days of such xxxx, invoice or other demanda notice of non-payment) shall accrue interest at a rate per annum equal to Prime Rate plus two eighteen percent (218%) percent).
Appears in 1 contract
Samples: Separation and Distribution Agreement (Solventum Corp)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxxbill, invoice or other demand) shall accrue interest at a rate per ratx xxr annum equal to the Prime Rate plus two (2%) percent.
Appears in 1 contract
Samples: Contribution and Distribution Agreement (Zimmer Holdings Inc)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any other Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any other Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxxbill, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 1 contract
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxxbill, invoice xxvoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent. 63 7.6.
Appears in 1 contract
Samples: Separation and Distribution Agreement (Lucent Technologies Inc)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxxbill, invoice or other demand) shall accrue interest at a rate per annum equal xxxal to the Prime Rate plus two (2%) percent.
Appears in 1 contract
Samples: Contribution and Distribution Agreement (Advanced Medical Optics Inc)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 1 contract
Samples: Separation and Distribution Agreement (California Resources Corp)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxxbxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two percent (2%) percent).
Appears in 1 contract
Samples: Separation and Distribution Agreement (International Seaways, Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 45 days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 1 contract
Samples: Separation and Distribution Agreement (Sungard Capital Corp)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two (2%) percent.
Appears in 1 contract
Samples: Separation Agreement (Supervalu Inc)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxxbxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime the Applicable Rate plus two (2%) percent.
Appears in 1 contract
Late Payments. Except as expressly provided to the contrary in this Agreement or in any other Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any other Ancillary Agreement (and any amounts billed or 45 otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxxbill, invoice or other demand) shall accrue interest at a rate per annum axxxx equal to the Prime Rate plus two (2%) percent.
Appears in 1 contract
Samples: Separation and Distribution Agreement (Comcast Corp)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty sixty (3060) days of such xxxxbxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 1 contract
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxxbill, invoice or other demand) shall accrue interest at a rate per annum anxxx equal to the Prime Rate plus two (2%) percent.
Appears in 1 contract
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent.
Appears in 1 contract
Samples: Separation Agreement (DreamWorks Animation SKG, Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any other Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any other Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxxbill, invoice or other demand) shall accrue interest at a rate per annum anxxx equal to the Prime Rate plus two (2%) percent.
Appears in 1 contract
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any undisputed amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2[—]%) percent.
Appears in 1 contract
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded in writing and properly payable that are not paid within thirty (30) days of the date of such xxxx, invoice or other written demand) shall accrue interest at a rate per annum equal to the then effective Prime Rate plus two percent (2%) percent(or the maximum legal rate, whichever is lower).
Appears in 1 contract
Samples: Separation and Distribution Agreement (ASB Hawaii, Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any undisputed amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to Prime Rate plus two (2%) percent[—].
Appears in 1 contract
Samples: Separation and Distribution Agreement (Navient Corp)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty forty-five (3045) days of such xxxx, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2[·]%) percent.
Appears in 1 contract
Samples: Separation and Distribution Agreement (C2 Aviation Capital, Inc.)
Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within thirty (30) 30 days of such xxxxbill, invoice or other demand) shall accrue interest at a rate per annum axxxx equal to the Prime Rate plus two (2%) percent.
Appears in 1 contract
