Unpaid sums. If either party fails to pay:
Unpaid sums. If either party fails to pay: any invoice issued to it under this contract in respect of Track Charges; or any other sum which has fallen due in accordance with any provision of this contract, then: the amount invoiced or sum due, as referred to in Clause 13.2(a) or (b), shall immediately constitute a debt due and owing from the party who has failed to pay the invoice or sum due to the other party (and to any assignee of a party's right to payment in respect of any invoice or other sum due); such debt shall be recoverable by any means available under the laws of England and Wales; and the dispute resolution procedures in Clauses 13.1 and 13.3 to 13.5 shall not apply to proceedings commenced under this Clause 13.2.
Unpaid sums. 12.2.1 If any party fails to pay:
Unpaid sums a) On termination of this Agreement, all unpaid sums owing by each Party will become due and payable to the other Party, and the Party owing any money not paid within ten (10) Business Days of the date of termination will be liable to reimburse the other Party for all reasonable legal costs and disbursements incurred by the other Party in the recovery of such sums.
Unpaid sums. On termination of the Agreement, all unpaid sums owing by each Party will become due and payable to the other Party, and the Party owing any money not paid within 20 Business Days of the date of termination will be liable to reimburse the other Party for all reasonable legal costs and disbursements incurred by the other Party in the recovery of such sums.
Unpaid sums. Any sums due Manager under any provision of this Agreement, and not paid within ten (10) days after such sums have become due, shall bear interest at the rate of 18% per annum. ( ) (_ ) please initial indicating you understand and agree to section 17
Unpaid sums. Any amounts owing from Tenant to Landlord under this Lease shall bear interest at the highest rate permitted by law in the State of Minnesota, not to exceed the annual rate of 15% calculated from the date due until the date of payment. In addition to the foregoing remedies, if any payment of Rent or Additional Rent is not paid within five (5) days of the date due, Tenant shall (without the necessity of notice from Landlord) pay a late charge equal to 5% of the amount of such overdue payment per month or proportion thereof as liquidated damages for Landlord’s extra expense in handling such past due account.
Unpaid sums as Advances Any unpaid sum shall for the purposes of this Clause 17 (Default Interest and Indemnity) and, Clause 11.1 (Increased Costs) be treated as an advance and accordingly in this Clause 17 (Default Interest and Indemnity) and Clause 11.1 (Increased Costs) the term "Advance" includes any unpaid sum and the term "Interest Period", in relation to an unpaid sum, includes each such period relating thereto as is mentioned in Clause 17.1 (Default Interest Periods). PART 8 - PAYMENTS
Unpaid sums. Any amounts owing from Tenant to Landlord under this Lease shall bear interest at the highest rate permitted by law in the State of Minnesota, not to exceed the annual rate of 12% calculated from the date due until the date of payment. In addition to the foregoing remedies, if any payment of Rent or Additional Rent is not paid within five (5) days of the date due more than twice in any calendar year, Tenant shall thereafter (without the necessity of notice from Landlord) pay a one-time late charge equal to 5% of the amount of such overdue payment per month or proportion thereof as liquidated damages for Landlord's extra expense in handling such past due account.
