Interest for late payment. Any sum owing by either party under this Agreement or any other Transaction Document shall carry interest from (and excluding) the date on which it is payable until (and including) the date of actual payment at the Specified Rate. Such interest will be compounded semi-annually and be payable after as well as before any judgment.
Interest for late payment. 5.9 If the Payer does not pay all the Fees or other sums payable to the Provider under this Agreement within 14 days of the date on which they should have been paid, the Payer shall pay to the Provider on written demand interest on the amount not paid at the base rate from time to time of Barclays Bank plus four percent calculated from the date on which payment should have been made to the date of actual payment, both dates inclusive. Fees during absence from the Home
Interest for late payment. Supplier may in its absolute discretion charge Customer interest on any account unpaid on the due date in accordance with the rate set by section 2 of the Penalty Interest Rate Act 1983 (Vic) from time to time from the due date until the account is paid in full by Customer.
Interest for late payment. If any Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 5.3 on its due date for payment under this Agreement) the relevant Borrower shall pay interest on such sum from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 5.3. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three months as selected by the Agent (after consultation with the Banks so far as reasonably practicable in the circumstances) each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) one per cent per annum, (b) the applicable Margin, (c) (in the case of amounts in Sterling) the Additional Cost and (d) LIBOR, unless such unpaid sum is an amount of principal which shall have become due and payable, by reason of a declaration by the Agent under clause 13.2(b) or a prepayment pursuant to clauses 6.3 or 15.1, prior to the Maturity Date relating thereto, in which case the first such period selected by the Agent shall end on such Maturity Date and interest shall be payable on such unpaid sum during such period at a rate one per cent above the rate applicable thereto immediately before it shall have become so due and payable. Interest under this clause 5.3 shall be due and payable on the last day of each period determined by the Agent pursuant to this clause 5.3 or, if earlier, on the date on which the sum in respect of which such interest is accruing shall actually be paid. If, for the reasons specified in clause 5.6(a)(i) or 5.6(a)(ii), the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 5.3, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated for each Bank at a rate determined by the Agent to be one per cent per annum above the aggregate of the Margin and the cost of funds (including, in the case of amounts in Sterling, Additional Cost) to such Bank.
Interest for late payment. Subject to clause 8.5(f), if the Retailer fails to pay an amount owing under this Agreement when due, the Distributor may charge the Retailer interest on that amount. Interest will:
Interest for late payment. Any amount due to a Party pursuant to this Agreement and remaining unpaid after the date when payment was due shall bear interest from the date such payment was due until paid at a rate equal to the Base Rate in effect from time to time.
Interest for late payment. (a) If the Developer fails to pay a Contribution Amount (as indexed in accordance with Schedule 4) due to the Minister on the due date for payment, the Developer must also pay to the Minister interest at a rate of 2% above the loan reference rate charged by the Commonwealth Bank of Australia from time to time.
Interest for late payment. (a) If the relevant Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 5.5) on its due date for payment under this Agreement that Borrower shall pay interest on such sum from the due date up to the date of actual payment (as well after as before judgment) at a rate determined pursuant to this clause 5.5. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three months as selected by the Agent, the Swingline Bank or the Overdraft Bank (as the case may be) each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period.
Interest for late payment. In case the Buyer fails to comply with the terms of the payment set out in the Agreement the Buyer shall pay to the Seller interest at the lesser of (i) thirteen (13%) per cent per annum of the outstanding amount or (ii) the maximum allowed by applicable law. 8.3.
Interest for late payment. Buyers will pay interest for late payments in accordance with the relevant government policy. At the Commonwealth level, the Supplier Pay On-Time or Pay Interest Policy applies.
