Overdue Interest Amount definition

Overdue Interest Amount means the prime rate of interest quoted as such in The Wall Street Journal on the first business day of each month during which an amount is overdue under this Agreement, plus 5%, calculated on an annual basis, not to exceed the maximum rate permitted by Applicable Law.

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Overdue Interest Amount means [*] percent per month from the date any unpaid payments are due until paid in full.

Overdue Interest Amount will mean the [**] quoted as such in The Wall Street Journal on the first Business Day of the month during which an amount becomes overdue under this Agreement, plus [**]%, calculated on an annual basis.

Examples of Overdue Interest Amount in a sentence

Any underpayment or overpayment amount paid pursuant to this Section 4.5 shall accrue interest on such amount from the original due date at the Overdue Interest Amount.
To the extent Purchaser sells any Product to drug wholesalers or other Persons that are ultimately purchased by any customer not included in items (a)-(e) of Section 1.46, then Purchaser shall pay to Seller all of the Gross Profit attributable to such sales by Purchaser plus the Overdue Interest Amount on the amount due from the date of the sale to the date of payment.
Any payments not made within the specified period of time for payment will incur an interest charge at the rate of the Overdue Interest Amount on such overdue amounts.
To the extent Seller sells any Products to drug wholesalers or other Persons that are ultimately purchased by any customer included in items (a)-(e) of Section 1.46, Seller shall pay Purchaser its portion of the Gross Profits (i.e., Seller’s Net Sales less the imputed Transfer Price of the Product times Purchaser’s then applicable portion of the Gross Profit Split) attributable to such sales by Seller plus the Overdue Interest Amount on the amount due from the date of the sale to the date of payment.
If there is an underpayment of the Net Profit split to Eagle, Eagle will send an invoice to Sandoz for the amount of the underpayment and the Overdue Interest Amount from the original due date.
Any payments not made within the specified period of time for payment shall incur an interest charge at the rate of the Overdue Interest Amount on such overdue amounts, excluding any amounts that are subject to a bona fide dispute between the parties.
To the extent Seller sells any Products to drug wholesalers or other Persons that are ultimately purchased by any customer included in items (a)-(e) of Section 1.46, Seller shall pay Purchaser its portion of the Gross Profits (i.e., Seller's Net Sales less the imputed Transfer Price of the Product times Purchaser's then applicable portion of the Gross Profit Split) attributable to such sales by Seller plus the Overdue Interest Amount on the amount due from the date of the sale to the date of payment.
Any underpayment or overpayment amount which is paid pursuant to this Agreement will include interest on such amount from the original due date at the Overdue Interest Amount.
If there is an underpayment of the Net Profit split to Innovator, Innovator will send an invoice to Sandoz for the amount of the underpayment and the interest on such amount from the original due date at the Overdue Interest Amount.
In the event any such audit report reveals an overpayment of the Net Profit split to Innovator, Sandoz will send an invoice to Innovator for the amount of the overpayment and the interest on such amount from the original pay date at the Overdue Interest Amount.

More Definitions of Overdue Interest Amount

Overdue Interest Amount means €139,268.29, being equal to (a) the sum of all overdue interest (including default interest) in respect of the Claims as at the Valuation Date (inclusive), being equal to €72,960.02 plus (b) €66,308.27 i.e. the difference (due to the rounding down of the purchase price to the nearest €100,000) between the Initial Portfolio Outstanding Amount and the Purchase Price, which will be paid to the Originators in accordance with the applicable Priority of Payments;