Common use of Cost of Enforcement; Interest Clause in Contracts

Cost of Enforcement; Interest. 1. If either party to this Agreement engages the services of an attorney or any other third party or in any way initiates legal action to enforce the party's rights under this Agreement, including but not limited to the collection of monies due, the prevailing party in such action shall be entitled to recover all Expenses incurred in connection therewith. Should the Indemnitee prevail, such Expenses shall be in addition to monies otherwise due the Indemnitee under this Agreement. 2. If any amount shall be due or payable under this Agreement (including under an Expense Advance Request) and shall not be paid within 30 days from the date as of which the obligation to make such payment arises, interest shall accrue on such unpaid amount from the date when due until it is paid in full at the rate of 2% per annum in excess of the prime rate published from time to time in THE WALL STREET JOURNAL in its "Money Rates" column or any similar or successor column or feature, or such lower rate as may be required to comply with applicable law.

Cost of Enforcement; Interest. 1. i. If either party to this Agreement engages the services of an attorney or any other third party or in any way initiates legal action to enforce the party's rights under this Agreement, including but not limited to the collection of monies due, the prevailing party in such action shall be entitled to recover all Expenses incurred in connection therewith. Should the Indemnitee prevail, such Expenses shall be in addition to monies otherwise due the Indemnitee under this Agreement. 2ii. If any amount shall be due or payable under this Agreement (including under an Expense Advance Request) and shall not be paid within 30 days from the date as of which the obligation to make such payment arises, interest shall accrue on such unpaid amount from the date when due until it is paid in full at the rate of 2% per annum in excess of the prime rate published from time to time in THE WALL STREET JOURNAL The Wall Street Journal in its "Money Rates" column or any similar or successor column or feature, or such lower rate as may be required to comply with applicable law.