Default Charges. Upon payment default, interest will accrue on the outstanding principal sum at the rate of 18 % per annum or 1.5% per month.
Appears in 2 contracts
Samples: fuels.mobil.mp, guam.mobil.com
Default Charges. Upon payment default, interest will accrue on the outstanding principal sum at the rate of 18 % per annum or 1.5% per monthmonth or the maximum allowed by law, if lesser.
Appears in 2 contracts
Samples: guam.mobil.com, saipan.mobil.com