Past Due Interest. If either Party fails to pay any payment or other sum when due, such Party shall also pay to the other Party interest thereon from the due date thereof to the date of payment at a rate equal to the lesser of (a) the Prime Rate plus 2% or (b) the maximum rate permitted by applicable law.
Past Due Interest. Any amounts not paid under the Operative Agreements by Borrower when due shall bear interest at the Past-Due Rate (calculated on the basis of a year of 360 days and actual number of days elapsed or if the Fixed Rate Option has been elected under Section 4.5, on the basis of a year of 360 days consisting of twelve 30-day months), and shall be payable on demand.
Past Due Interest. The Borrower shall pay interest on all Obligations other than amounts due under Section 16.04(a) and other Administrative Expenses that are not paid when due for the period from the due date thereof until the date the same is paid in full at the Past Due Rate. Interest payable at the Past Due Rate shall be payable on each Payment Date in accordance with the Priority of Payments.
Past Due Interest. Overdue payments of principal of any Class of Loan (and to the extent permitted by applicable law, overdue payments of interest and other amounts overdue under the Operative Documents) shall bear interest at the Past Due Rate, payable on demand, for any period during which the same shall be overdue.
Past Due Interest. In the event Lessee fails to pay any Monthly Rental Payment when due (or any other sum to be paid by Lessee under this Lease), Lessee shall pay to Lessor interest on such monthly Rental Payment (or other sum) from the due date thereof and after any grace period to the date of payment, at the rate of eighteen percent (18%) per annum.
Past Due Interest. In the event any Party fails to pay when due any amount owed to any other Party pursuant to this Agreement, interest on such past due amount shall accrue at a per annum interest rate equal to the Interest Rate (determined as of date on which such past due amount becomes due and unpaid) from (and including) the date that such amount is due until (but excluding) the date on which such amount is actually paid.
Past Due Interest. Any amount due and not paid that the BORROWER owes BANAMEX hereunder shall bear Past-Due Interest calculated based on the Past-Due Interest Rate, throughout the period said breach lasts. For purposes hereof the term " Past-Due Interest Rate" shall mean the annual rate obtained by multiplying the Libor Rate by 3 (three). This, on the understanding that: (i) if the result of multiplying the Libor Rate by 3 (three) is higher than adding 30 (thirty) points to the Libor Rate, in that case the annual rate of past-due interest shall be the one resulting from adding to the Libor Rate, the points outlined herein; and (ii) if the result of multiplying the Libor Rate by 3 (three) is less than adding 15 (fifteen) points to the Libor Rate, in that case the annual rate of past-due interest shall be the result of adding to the Libor rate, the points outlined herein. In the event that the "LIBOR01 Page" is no longer published by the Thomson Reuters information system, the simple average of the prices of the banks that appear there in the page called "Libo" line average shall be considered as replacement rate, (time periods not listed on this page shall be calculated with linear interpolation) of the service of U.S. domestic money that is transmitted through the Thomson Reuters monitor system, by the individual banks offering such quotations at the end of operations (at 11:00 AM London time).