Common use of Amount of Interest Clause in Contracts

Amount of Interest. The Recipient agrees that whether the amount due the Federal Government is treated as a Federal claim or is treated as a debt determines how interest is calculated thereon and becomes due. Thus, Recipient agrees to remit interest to the Federal Government in accordance with the following:

Amount of Interest. The Recipient agrees that whether the amount due method by which interest is calculated depends on which process the Federal Government is treated as a Federal claim or is treated as a debt determines how interest is calculated thereon uses to recover the funds owed. The Recipient therefore understands and becomes due. Thus, Recipient agrees to remit pay the amount of interest to the Federal Government in accordance with the followingdetermined as follows: