Delinquencies. To the extent any amount payable under this Agreement is not paid when due, then in addition to the amount payable and in addition to all other available rights and remedies, the applicable Party also shall be obligated to pay interest on such amount payable from and after the due date for such payment until such payment is made at a rate of interest per annum equal to three percent (3%) above the Prime Rate (the “Late Payment Rate”).
Appears in 5 contracts
Samples: Feedstock and Shared Services Agreement (CVR Partners, Lp), Feedstock and Shared Services Agreement (CVR Energy Inc), Feedstock and Shared Services Agreement (CVR Partners, Lp)
Delinquencies. To the extent any amount payable under this Agreement is not paid when due, then in addition to the amount payable and in addition to all other available rights and remedies, the applicable Party also shall will be obligated to pay interest on such amount payable from and after the due date for such payment until such payment is made at a rate of interest per annum equal to three percent (3%) above the Prime Rate (the “Late Payment Rate”).
Appears in 1 contract
Samples: Hydrogen Purchase and Sale Agreement (CVR Partners, Lp)
