Overdue Interest Clause Samples

Overdue Interest. If the Pipeline User fails to pay any amount by the date on which that amount is due, then the Pipeline User will pay the Tubridgi Parties interest on the unpaid amount to the extent that it remains unpaid from time to time. Interest will be calculated on a daily basis and will accrue at a rate which is two per cent higher than the Interest Rate. Accrued interest is payable to the Tubridgi Parties on demand. Interest not paid in the month in which it accrues will be capitalised at the end of that month and will itself bear interest in accordance with this sub- clause. This sub-clause will survive the termination of the Agreement.

Overdue Interest. Any amount payable by the Bank hereunder which shall not be paid when due shall bear interest at the Overdue Rate from the due date of such amount until the date of its payment.

Overdue Interest. Any amount due to Landlord, if not paid when due and on or before expiration of the period for cure as set forth herein, after Landlord’s delivery of notice thereof to Tenant, shall bear interest from the date due until paid at the lower of: (a) the reference or prime rate of Bank of America, N.A., in effect from time to time plus three percent (3%); or (b) the highest rate of interest allowed under applicable usury law.

Overdue Interest. Unless the Securities Resolution otherwise provides, the Company shall pay interest on overdue principal of a Security of a series at the rate (or Yield to Maturity in the case of a Discounted Debt Security) borne by the series; the Company shall pay interest on overdue installments of interest at the same rate or Yield to Maturity to the extent lawful.

Overdue Interest. If BLC Holdings fails to pay and contribute any Brookdale Rent Payment to the applicable Brookdale Lessee(s) and to cause such funds to be paid by the applicable Brookdale Lessee(s) to the applicable Provident Lessor(s) on or before the date such payment is due and payable and such amount remains unpaid for a period of five (5) Business Days, such past due payment shall bear interest at the Overdue Rate; provided, however, that with respect to any other sums or amounts to be paid and contributed by BLC Holdings hereunder, the Overdue Rate shall apply if such amounts remain unpaid for a period of five (5) Business Days after Notice thereof from PSLT-BLC Holdings is received by BLC Holdings (calculated from the date of such receipt). The amount of any interest due under this Paragraph 4(c) shall not be diminished by BLC Holdings' making a partial payment, except in such circumstances where BLC Holdings provides evidence reasonably satisfactory to PSLT-BLC Holdings that the payment rendered was intended as a full payment, and that the shortfall was due to a good faith mistake. Notwithstanding anything to the contrary contained in this Paragraph 4(c), in no event shall BLC Holdings have any obligation to pay interest to PSLT-BLC Holdings on any overdue amounts (including, without limitation, on the Master Rent) to the extent any Brookdale Lessee has paid interest on such overdue amount under the applicable Property Lease, and, to the extent PSLT-BLC Holdings and any Provident Lessor each collect interest on the same overdue amount, PSLT-BLC Holdings shall promptly refund such interest payment to BLC Holdings.

Overdue Interest. If the Company fails to make a payment of interest (whether payable in cash or by the issuance of PIK Notes) on the Securities when due by the terms thereof, it shall pay interest on such overdue installments of interest thereafter in any lawful manner to the Persons who are Holders on a subsequent special record date, in each case at the rate provided in the Securities and in Section 3.01. The Company shall fix such special record date and special payment date after consultation with and notice to the Trustee. At least 15 days before the special record date, the Company shall give Holders notice that states the special record date, related payment date and amount of such interest to be paid.

Overdue Interest. 1. In the event that Party B fails to fulfil its financial liability towards Party A by the agreed deadline, Party B shall pay Party A the outstanding amount along with interests, which will be applied at a monthly interest rate of one-point-five percent(1.5%, to be calculated on a prorated daily basis) until the date of full payment. When the amount that Party B paid does not reach the sum of the outstanding amount, including interest, priority for payment shall be placed on the overdue interest.

Overdue Interest. When the issuing company fails to pay for the principal or interest on each due date according to the paragraph 9, the overdue interest shall be paid on the principal. In this case, overdue interest rate shall be the annual interest rate of 12%. Overdue interest shall be paid on a daily basis with 365 days in a year.

Overdue Interest. Without prejudice to the remedies available to the Lender under this Agreement or otherwise, the Borrower shall pay, in Dollars, interest at the rate of LIBOR Overnight Rate plus 4.50% on any principal amount of any Loan or any other amount which is due under this Agreement which is not paid when due (whether by lapse of time, acceleration, requirement for mandatory prepayment or otherwise), for each day that such amount remains unpaid until payment in full thereof.