Common use of Post Judgment Interest Clause in Contracts

Post Judgment Interest. The amount of any judgment obtained by Lessor against Lessee in any legal proceeding arising out of Lessee's default under this Lease shall bear interest until paid at the maximum rate allowed by law, or, if no maximum rate prevails, at the rate of eighteen percent (18%) per annum. Notwithstanding anything to the contrary contained in any laws, with respect to any damages that are certain or ascertainable by calculation, interest shall accrue from the day that the right to the damages vests in Lessor, and in the case of any unliquidated claim, interest shall accrue from the day the claim arose.

Appears in 3 contracts

Samples: Office Lease Agreement (Titan Exploration Inc), Office Lease (Vista Energy Resources Inc), Office Lease Agreement (Pure Resources Inc)

AutoNDA by SimpleDocs

Post Judgment Interest. The amount of any judgment obtained by Lessor against Lessee in any legal proceeding arising out of Lessee's ’s default under this Lease shall bear interest until paid at the maximum rate allowed by law, or, if no maximum rate prevails, at the rate of eighteen percent (18%) per annum. Notwithstanding anything to the contrary contained in any laws, with respect to any damages that are certain or ascertainable by calculation, interest shall accrue from the day that the right to the damages vests in Lessor, and in the case of any unliquidated claim, interest shall accrue from the day the claim arose.

Appears in 1 contract

Samples: Lease Agreement (Diamondback Energy, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.