Common use of Interest on late payment Clause in Contracts

Interest on late payment. If a payment is not received when due under this Agreement, the delinquent Party shall pay to the other Party interest on such unpaid amount which shall accrue from the due date until the date upon which payment in full is made at the prime lending rate as may from time to time be published in The Wall Street Journal under “Money Rates” on such day (or if not published on such day on the most recent preceding day on which published) (the “Late Payment Rate”).

Interest on late payment. If a payment is not received when due under this Agreement, the delinquent Party shall pay to the other Party interest on such unpaid amount which shall accrue from the due date until the date upon which payment in full is made at the prime lending rate as may from time to time be published in The Wall Street Journal under “"Money Rates” " on such day (or if not published on such day on the most recent preceding day on which published), plus two percent (2%) (the “"Late Payment Rate”").. 4

Interest on late payment. If a any payment is not received when due to either Party under this Agreement, Agreement is overdue then the delinquent Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of three hundred basis points above the prime rate as reported in The Wall Street Journal, Eastern Edition, such interest to the other Party interest on such unpaid amount which shall accrue run from the due date until the date upon which payment of such sum became due until payment thereof in full is made at the prime lending rate as may from time to time be published in The Wall Street Journal under “Money Rates” on together with such day (or if not published on such day on the most recent preceding day on which published) (the “Late Payment Rate”)interest.

Interest on late payment. If a payment is not received when due under this Agreement, the delinquent Party shall pay to the other Party interest on such unpaid amount which shall accrue from the due date until the date upon which payment in full is made at the prime lending rate as may from time to time be published in The Wall Street Journal under “"Money Rates” " on such day (or if not published on such day on the most recent preceding day on which published), plus two percent (2%) (the “Late Payment Rate”)."

Interest on late payment. If a payment is not received when due under this Agreement, the delinquent Party shall pay to the other Party interest on such unpaid amount which shall accrue from the due date until the date upon which payment in full is made at the prime lending rate as may from time to time be published in The Wall Street Journal under “"Money Rates” " on such day (or if not published on such day on the most recent preceding day on which published) (the “"Late Payment Rate”"). 5. RESERVED 6.