Common use of Interest for late payment Clause in Contracts

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.

Appears in 7 contracts

Samples: Purchase Agreement, Purchase Agreement, Purchase Option Agreement (Teekay Offshore Partners L.P.)

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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 day after 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.

Appears in 5 contracts

Samples: www.sec.gov, www.sec.gov, Shareholders’ Agreement (Teekay Corp)

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 ; such interest will be compounded semi-annually and be payable after as well as before any judgment.

Appears in 4 contracts

Samples: Purchase Agreement (Teekay Offshore Partners L.P.), Purchase Agreement (Teekay Offshore Partners L.P.), Purchase Agreement (Teekay Offshore Partners L.P.)

Interest for late payment. Any sum owing by either party 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.

Appears in 3 contracts

Samples: Noncompetition Agreement (Teekay Tankers Ltd.), Purchase Agreement (Teekay Tankers Ltd.), Purchase Agreement (Teekay Tankers Ltd.)

Interest for late payment. Any sum owing by either any party under this Agreement or any other Transaction Document shall carry interest from (and excluding) the day after 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.

Appears in 1 contract

Samples: Joint Venture Agreement (Exmar Energy Partners LP)

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Interest for late payment. Any sum owing by either any 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 ; such interest will be compounded semi-annually monthly and be payable after as well as before any judgmentjudgement.

Appears in 1 contract

Samples: Share Purchase Agreement (Teekay LNG Partners L.P.)

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-semi- annually and be payable after as well as before any judgment.

Appears in 1 contract

Samples: Purchase Agreement

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