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.
Appears in 7 contracts
Samples: Agency and Management Agreement, Agency and Management Agreement, Natural Gas Services Agreement
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 prime rate as published in the Wall Street Journal under “Money Rates” plus 2% or (b) the maximum rate permitted by applicable law.
Appears in 2 contracts
Samples: Master Services Agreement, Gathering Services Agreement
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 prime rate as published in the Wall Street Journal under "Money Rates" plus 2% or (b) the maximum rate permitted by applicable law.
Appears in 1 contract
Samples: Master Services Agreement (Northern Border Partners Lp)
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 of ____________Prime Rate plus 2% or (b) the maximum rate permitted by applicable law.
Appears in 1 contract
Samples: Management Services Agreement
