Common use of Overdue Payments Clause in Contracts

Overdue Payments. If any amounts due hereunder have not been received by the Due Date, such overdue amounts shall bear interest from the Due Date at the rate of 5% per year (or the highest amount permitted by Law, if lower), or portion thereof, until received. Such interest shall be calculated on the basis of the actual number of days elapsed from the Due Date up to and including the actual date of payment, without compounding.

Overdue Payments. If any amounts due hereunder have not been received by the Due Datedue date, such overdue amounts shall bear interest from the Due Date due date at the rate of 5% per year (or the highest amount permitted by Law, if lower), or portion thereof, until received. Such interest shall be calculated on the basis of the actual number of days elapsed from the Due Date up to and including the actual date of payment, without compounding.

Overdue Payments. If any amounts due hereunder have not been received by the Due Datedue date, such overdue amounts shall bear interest from the Due Date due date at the rate of 51% per year (or the highest amount permitted by Law, if lower)month, or portion thereof, until received. Such interest shall be calculated on the basis of the actual number of days elapsed from the Due Date up to and including the actual date of payment, without compounding.

Overdue Payments. If any amounts due hereunder have not been received by the Due Datedue date, such overdue amounts shall bear interest from the Due Date due date at the rate of 51% per year (month or the highest amount permitted rate allowed by Law, if law (whichever is lower), ) for each month or portion thereof, until received. Such interest shall be calculated on thereof that the basis of the actual number of days elapsed from the Due Date up to and including the actual date of payment, without compoundingpayment is not made.

Overdue Payments. If any amounts due hereunder have not been received by the Due Datedue date, such overdue amounts shall bear interest from the Due Date due date at the rate of 51% per year (month or the highest amount permitted rate allowed by Law, if law (whichever is lower), ) for each month or portion thereof, thereof that the payment is not made. Interest will accrue daily until payment in full has been received. Such interest shall be calculated on the basis of the actual number of days elapsed from the Due Date up to and including the actual date of payment, without compounding.