Common use of Interest Accrues on Amounts Owing Clause in Contracts

Interest Accrues on Amounts Owing. Any amount owing to a Party by the other Party pursuant to any provision of this Agreement after Closing and remaining unpaid shall bear interest calculated daily and compounded monthly, from the day such amount was due to be paid until the day such amount was paid, at the Prime Rate regardless of whether such Party has given the other Party prior notice of the accrual of interest hereunder.

Interest Accrues on Amounts Owing. Any amount owing to a Party by the other Party pursuant to any provision of this Agreement after Closing and remaining unpaid after the day such amount was due, shall bear interest calculated which shall accrue daily and be compounded monthly, from the day such amount payment was due to be paid until the day such amount was paid, at the rate of two (2%) percent per annum above the Prime Rate regardless of whether such Party has given the other Party prior notice of the accrual of interest hereunderRate.

Interest Accrues on Amounts Owing. Any amount owing to a Party by the other Party pursuant to any provision of this Agreement after Closing and remaining unpaid shall bear interest calculated daily and compounded compound interest, as computed monthly, from the day such amount was due to be paid until the day such amount was paid, at the rate of two (2%) percent per annum above the Prime Rate regardless of whether such Party has given the other Party prior notice of the accrual of interest hereunder.

Interest Accrues on Amounts Owing. Any amount owing to a Party by the other Party pursuant to any provision of this Agreement after Closing and remaining unpaid shall bear interest calculated daily and compounded compound interest, as computed monthly, from the day such amount was due to be paid until the day such amount was paid, at the Prime Rate rate of two (2%) percent per annum above the Interest Rate, regardless of whether such Party has given the other Party prior notice of the accrual of interest hereunder.