Overdue Interest. Unless the Securities Resolution otherwise provides, the Company shall pay interest on overdue principal of a Security of a series at the rate (or Yield to Maturity in the case of a Discounted Debt Security) borne by the series; the Company shall pay interest on overdue installments of interest at the same rate or Yield to Maturity to the extent lawful.
Overdue Interest. If the Pipeline User fails to pay any amount by the date on which that amount is due, then the Pipeline User will pay the Tubridgi Parties interest on the unpaid amount to the extent that it remains unpaid from time to time. Interest will be calculated on a daily basis and will accrue at a rate which is two per cent higher than the Interest Rate. Accrued interest is payable to the Tubridgi Parties on demand. Interest not paid in the month in which it accrues will be capitalised at the end of that month and will itself bear interest in accordance with this sub- clause. This sub-clause will survive the termination of the Agreement.
Overdue Interest. If the Issuer shall default in the payment of the principal of or interest on any Note or on any other amount becoming due under this Loan Agreement or any other Transaction Document, the Issuer shall from time to time pay interest on such unpaid amounts, to the extent permitted by applicable law, to, but not including, the date of actual payment (after as well as before judgment), at a rate per annum equal to the Overdue Rate, for the period during which such principal, interest or other amount shall be unpaid. All such overdue interest shall be payable from amounts on deposit in the Trust Account in accordance with Section 302(a) of this Loan Agreement.
Overdue Interest. Any amount due to Landlord, if not paid when due and on or before expiration of the period for cure as set forth herein, after Landlord’s delivery of notice thereof to Tenant, shall bear interest from the date due until paid at the lower of: (a) the reference or prime rate of Bank of America, N.A., in effect from time to time plus three percent (3%); or (b) the highest rate of interest allowed under applicable usury law.
Overdue Interest. If BLC Holdings fails to pay and contribute any Brookdale Rent Payment to the applicable Brookdale Lessee(s) and to cause such funds to be paid by the applicable Brookdale Lessee(s) to the applicable Provident Lessor(s) on or before the date such payment is due and payable and such amount remains unpaid for a period of five (5) Business Days, such past due payment shall bear interest at the Overdue Rate; provided, however, that with respect to any other sums or amounts to be paid and contributed by BLC Holdings hereunder, the Overdue Rate shall apply if such amounts remain unpaid for a period of five (5) Business Days after Notice thereof from PSLT-BLC Holdings is received by BLC Holdings (calculated from the date of such receipt). The amount of any interest due under this Paragraph 4(c) shall not be diminished by BLC Holdings' making a partial payment, except in such circumstances where BLC Holdings provides evidence reasonably satisfactory to PSLT-BLC Holdings that the payment rendered was intended as a full payment, and that the shortfall was due to a good faith mistake. Notwithstanding anything to the contrary contained in this Paragraph 4(c), in no event shall BLC Holdings have any obligation to pay interest to PSLT-BLC Holdings on any overdue amounts (including, without limitation, on the Master Rent) to the extent any Brookdale Lessee has paid interest on such overdue amount under the applicable Property Lease, and, to the extent PSLT-BLC Holdings and any Provident Lessor each collect interest on the same overdue amount, PSLT-BLC Holdings shall promptly refund such interest payment to BLC Holdings.
Overdue Interest. The Bank may charge interest on any outstanding amount owed from the Seller to the Bank under the Agreement from the due date of such amount to the Seller's actual payment date, at the rate of 2% per annum above the relevant Agreed Buyer Rate that is or would otherwise be payable on such amount under the Agreement.
Overdue Interest. If any installment payment of the Termination Amount or the Development Fee is not paid when due, such overdue installment shall bear interest, calculated on the basis of a 360 day year, from the date due until the date paid at the prime rate of interest set forth in the Money Rates column of The Wall Street Journal plus five percent (5%) per annum, compounded annually (the “Overdue Interest”). Notwithstanding the foregoing, no Overdue Interest shall be payable if any installment payment of the Development Fee or the Termination Amount is not paid when due unless PREIT or the Developer, as the case may be, shall have given the Licensee written notice of such failure to pay such installment and such overdue installment has not been paid within five (5) days following the giving of such written notice; provided, however, no such notice need be given and no such period of grace shall be allowed more than twice in any twelve (12) month period. For the purposes of this section, written notice shall include a notice sent by facsimile transmission or by email, in each case addressed to the President or other senior executive of the Licensee.
Overdue Interest. If either party shall not have received from the other party any amounts due and payable under this Agreement more than five Business Days after the date such payment was due, interest shall accrue on all such overdue amounts from and including the sixth Business Day after such payment was due at the rate per annum equal to the Prime Rate plus 2% or the highest rate permitted by applicable Law (whichever is less). Notwithstanding the foregoing, if IAT incurs any late charges or is charged any interest pursuant to the Port/IAT Lease in connection with any payment obligation of IAT to the Port Authority under the Port/IAT Lease or the Bond Documents as a result of Delta’s failure to timely pay to IAT any amounts due and payable by Delta to IAT under this Agreement, the amount payable by Delta pursuant to this Section 7.07 shall not be less than the amount of such late charges incurred by and/or interest charged to IAT pursuant to the Port/IAT Lease or the Bond Documents to the extent the same result from Delta’s failure to timely pay to IAT any amounts due and payable by Delta to IAT under this Agreement, provided that IAT has used commercially reasonable efforts to satisfy such payment obligations to the Port Authority through the use of other funds available to IAT in order to avoid the incurrence of any such late charges or interest.
Overdue Interest. Interest accrued but not paid on the Maturity Date and all fees, costs, and other amounts payable by the Borrower hereunder will be added to the principal balance and will bear interest at the Interest Rate until paid in full.
Overdue Interest. When the issuing company fails to pay for the principal or interest on each due date according to the paragraph 9, the overdue interest shall be paid on the principal. In this case, overdue interest rate shall be the annual interest rate of 12%. Overdue interest shall be paid on a daily basis with 365 days in a year.
