Common use of Late Payment Interest Clause in Contracts

Late Payment Interest. Any payment which is not made to you when due under this Agreement shall bear interest at the rate of 10% per annum from the due date to the payment date.

Appears in 6 contracts

Sources: Key Employee Retention Agreement (Diamondback Energy Services, Inc.), Key Employee Retention Agreement (Emulex Corp /De/), Key Employee Retention Agreement (Emulex Corp /De/)

Late Payment Interest. Any payment which is amount not made to you paid by Tenant when due under this Agreement shall bear interest at the rate of 1012% per annum from the due date to the payment date.

Appears in 1 contract

Sources: Lease Agreement