Common use of Accrual of Interest Clause in Contracts

Accrual of Interest. If any amount owed by Seller hereunder is not paid when due, including, without limitation, amounts due under Section 3.5, Repurchase Amounts, amounts due under Section 12, and any other Obligations, such amounts shall bear interest at a per annum rate equal to the per annum rate of the Finance Charges until the earlier of (i) payment in good funds or (ii) entry of a final judgment thereof, at which time the principal amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate allowed by applicable law.

Appears in 35 contracts

Samples: Accounts Receivable Purchase Agreement, Receivable Purchase Agreement, Accounts Receivable Purchase Agreement (Zamba Corp)

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Accrual of Interest. If any amount owed by Seller hereunder is not paid when due, including, without limitation, any Deemed Collections or repurchases due under Section 4.2 hereof or amounts due under Section 3.5, Repurchase Amounts, amounts due under Section 12, and any other Obligations10.2 hereof, such amounts shall bear interest at a per annum rate equal to the per annum rate of the Finance Charges PAF Rate until the earlier of (i) payment in good immediately available funds or (ii) entry of a final judgment thereof, at which time the principal amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate allowed by applicable law.

Appears in 4 contracts

Samples: Accounts Receivable Purchase Agreement (Telos Corp), Accounts Receivable Purchase Agreement (Implant Sciences Corp), Accounts Receivable Purchase Agreement (Lattice INC)

Accrual of Interest. If any amount owed by Seller hereunder is not paid when is due, including, without limitation, including any amounts due under Section 3.53.3, Repurchase Chargeback Amounts, amounts due professional fees and expenses under Section 12, 10 and any other Obligations, such amounts shall bear interest at a per annum rate equal to the per annum rate of used to calculate the Finance Charges Fees, annualized, until the earlier of (i) payment Payment in good funds or (ii) entry in the full of a final judgment thereof, at which time the principal amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate allowed by applicable lawall such obligations.

Appears in 3 contracts

Samples: Factoring Agreement, Factoring Agreement (Lexar Media Inc), Factoring Agreement (Genus Inc)

Accrual of Interest. If any amount owed by Seller hereunder is not paid when due, including, without limitation, amounts due under Section 3.5, Repurchase Amounts, amounts due under Section 1213, and any other Obligations, such amounts shall bear interest at a per annum rate equal to the per annum rate of the Finance Charges until the earlier of (i) payment in good funds or (ii) entry of a final judgment thereof, at which time the principal amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate allowed by applicable law.

Appears in 1 contract

Samples: Accounts Receivable Purchase Agreement (Timeline Inc)

Accrual of Interest. If any amount owed by Seller hereunder is not paid when due, including, without limitation, including any amounts due under Section 3.53.3, Repurchase Chargeback Amounts, amounts due professional fees and expenses under Section 12, 10 and any other Obligations, such amounts shall bear interest at a per annum rate equal to the per annum rate of used to calculate the Finance Charges Fees, annualized, until the earlier of (i) payment in good funds or (ii) entry of a final judgment thereof, at which time in the principal full amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate allowed by applicable lawall such obligations.

Appears in 1 contract

Samples: Factoring Agreement (Primix)

Accrual of Interest. If any amount owed by Seller hereunder is not paid when due, including, without limitation, amounts due under Section 3.5, Repurchase Amounts, amounts due under Section 12, and any other Obligations, such amounts shall bear interest at a per annum rate equal to the per annum rate of the Finance Charges until the earlier of (i) payment in good funds or (ii) entry of a final judgment thereof, at which time the principal amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate rated allowed by applicable law.

Appears in 1 contract

Samples: Factoring Agreement (Zycad Corp)

Accrual of Interest. If any amount owed by Seller hereunder is not paid when due, including, without limitation, amounts due under Section 3.53.6, Repurchase Amounts, amounts due under Section 12, and any other Obligations, such amounts shall bear interest at a per annum rate equal to the per annum rate of the Finance Charges until the earlier of (i) payment in good funds or (ii) entry of a final judgment thereof, at which time the principal amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate allowed by applicable law.

Appears in 1 contract

Samples: Accounts Receivable Purchase Agreement (Focus Enhancements Inc)

Accrual of Interest. If any amount owed by Seller hereunder is not paid when due, including, without limitation, amounts due under Section 3.5, Repurchase Amounts, amounts due Obligations, and professional fees and expenses under Section 12, and any other Obligations11, such amounts shall bear interest at a per annum rate equal to the per annum rate of the Finance Charges until the earlier of (i) payment in good funds or (ii) entry of a final judgment thereoftherefor, at which time the principal amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate allowed by applicable law.

Appears in 1 contract

Samples: Factoring Agreement (Cross Z International Inc)

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Accrual of Interest. If any amount owed by Seller hereunder is not paid when due, including, without limitation, amounts due under Section 3.5, Repurchase Amounts, amounts due under Section 12, and any other Obligations, such amounts shall bear interest at a per annum rate equal to the per annum rate of the Finance Charges until the earlier of (i) payment payments in good funds or (ii) entry of a final judgment thereof, at which time the principal amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate allowed by applicable law.

Appears in 1 contract

Samples: Factoring Agreement (Data Dimensions Inc)

Accrual of Interest. If any amount owed by Seller hereunder is not paid when due, including, without limitation, amounts due under Section 3.5, Repurchase Amounts, amounts due under Section 12, and any other Obligations, such amounts shall bear interest at a per annum rate equal to the per annum rate of the Finance Charges until the earlier of (i) payment in good funds or (ii) entry of a final judgment thereof, at which time the principal amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate rates allowed by applicable law.

Appears in 1 contract

Samples: Accounts Receivable Purchase Agreement (Gensym Corp)

Accrual of Interest. If IF any amount owed by Seller hereunder is Is not paid when due, includingIncluding, without limitation, amounts due under Section 3.53.7, Repurchase Amounts, amounts due under Section 12, and any other Obligations, such amounts shall bear interest Interest at a per annum rate equal to the per annum rate of the Finance Charges until the earlier of (iI) payment in good funds or (ii) entry of a final judgment thereof, at which time the principal amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate allowed by applicable law.

Appears in 1 contract

Samples: Accounts Receivable Purchase Agreement (Agritope Inc)

Accrual of Interest. If any amount owed by Seller Sellers hereunder is not paid when due, including, without limitation, amounts due under Section 3.5, Repurchase Amounts, amounts due under Section 12, and any other Obligations, such amounts shall bear interest at a per annum rate equal to the per annum rate of the Finance Charges until the earlier of (i) payment in good funds or (ii) entry of a final judgment thereof, at which time the principal amount of any money judgment remaining unsatisfied shall accrue interest at the highest rate allowed by applicable law.

Appears in 1 contract

Samples: Modification Agreement (Return on Investment Corp)

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