Common use of Delayed Payments Clause in Contracts

Delayed Payments. For purposes of Paragraph 4 above, if there is a ---------------- delayed settlement of a payment due, there will be an interest penalty, at the appropriate London Interbank Offering Rate (LIBOR) plus 0.5%. For purposes of this Paragraph, a payment will be considered overdue sixty (60) days after the date such payment is due. The interest penalty will be applied for the number of days such payment is made in excess of such date which is sixty (60) days past the payment due date.

Delayed Payments. For purposes of Paragraph 4 above, if there is a ---------------- delayed settlement of a payment due, due there will be an interest penalty, penalty at the appropriate London Interbank Offering Rate (LIBOR) plus 0.5%. For purposes of this Paragraph, a payment will be considered overdue sixty thirty (6030) days after the date such payment is due. The interest penalty will be applied for the number of days such payment is made in excess of such date which is sixty (60) days past the payment due date.

Delayed Payments. For purposes of Paragraph 4 above, if there is a ---------------- delayed settlement of a payment due, there will be an interest penalty, at the appropriate London Interbank Offering Rate (LIBOR) plus 0.5%. For purposes of this Paragraph, a payment will be considered overdue sixty (60) days after the date such payment is due. The interest penalty will be applied for the number of days such payment is made in excess of such date which is sixty (60) days past the payment due date.

Delayed Payments. For purposes of Paragraph 4 above, if there is a ---------------- delayed settlement of a payment due, there will be an interest penalty, penalty at the appropriate London Interbank Offering Rate (LIBOR) plus 0.5%. For purposes of this Paragraph, a payment will be considered overdue sixty thirty (6030) days after the date such payment is due. The interest penalty will be applied for the number of days such payment is made in excess of such date which is sixty (60) days past the payment due date.