Interest after Due Date Sample Clauses

The 'Interest After Due Date' clause establishes that if a payment is not made by its specified due date, interest will accrue on the overdue amount. Typically, this clause specifies the interest rate to be applied, the method of calculation (such as daily or monthly), and the period over which interest will be charged until the outstanding sum is paid. Its core practical function is to incentivize timely payments and compensate the party owed for the delay, thereby reducing the risk and financial impact of late payments.
Interest after Due Date. If the principal of this Note is not paid when due, as a result of redemption or otherwise, the overdue amount shall bear interest from the due date until paid at an annual rate of 12%.
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Interest after Due Date. In the event the Borrower fails to make any payment of the principal amount of or interest on any of the Revolving Loans or Swing Line Loans or of the Unused Portion Fee, the L/C Fee or the Administrative Fee or any other amount owing hereunder, in each case when due (whether by demand, acceleration or otherwise), the Borrower shall pay to the Agent for the account of the Lenders interest on such unpaid amount, payable from time to time on demand, from the date such amount shall have become due to the date of payment thereof, accruing on a daily basis, at a per annum rate (the "Default Rate") equal to the sum of (x) the Applicable ABR Rate plus (y) two percent (2%).
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Interest after Due Date. In the event the Borrower fails to make any payment of the principal amount of or interest on any of the Revolving Loans or any other amount owing hereunder, in each case when due (whether by demand, acceleration or otherwise), the Borrower shall pay to the Lender interest on such unpaid amount, payable from time to time on demand, from the date such amount shall have become due to the date of payment thereof, accruing on a daily basis, at a per annum rate (the “Default Rate”) equal to the sum of (x) the Interest Rate plus (y) two percent (2%).
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Interest after Due Date. Except as otherwise provided in a separate agreement creating or evidencing any of the Obligations, interest on any amounts of the Obligations outstanding after their due date (whether at the stated maturity, by acceleration or otherwise), including principal, interest and fees, shall be immediately payable without demand at a rate equal to 15% per annum above the rate prevailing prior to maturity of the obligations.
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Interest after Due Date. All principal outstanding after the due date therefor (whether due to acceleration or otherwise) shall, after giving effect to any applicable grace period, bear interest, commencing on the last day of such grace period, at the lesser of (i) the Borrower Rate plus an additional two percent (2%) per annum or (ii) the highest rate allowed by applicable law; provided, however, that if such, increase in interest is prohibited by any applicable law, interest on any amounts due hereunder after the due date therefor shall continue to be calculated at the Borrower Rate.
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Interest after Due Date. Interest on all Borrowings which are outstanding after their due date (whether at their stated maturity, by acceleration or otherwise) shall be immediately payable without demand at a rate equal to two percent (2%) per annum in excess of the Prime Rate, which interest shall accrue and be calculated in accordance with the terms of this Agreement
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Interest after Due Date. In the event the Borrower fails to make any payment of the principal amount of or interest on any of the Revolving Loans or Swing Line Loans, or of the Unused Portion Fee, the Administrative Fee, the L/C Fee or the Fronting Fee, in each case when due (whether by demand, acceleration or otherwise), the Borrower, shall pay to the Agent for the account of the Lenders interest on such unpaid amount, payable from time to time on demand, from the date such amount shall have become due to the date of payment thereof, accruing on a daily basis, at a per annum rate (the "Default Rate") equal to the sum of (x) the greater of the ABR and Applicable LIBOR Rate determined on and, in the case of any continuing default, from time to time after the date of such default plus (y) two percent (2%).
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Interest after Due Date. In the event the Borrowers ----------------------- fail to make any payment of the principal amount of or interest on any of the Revolving Loans or Swing Line Loans, or of the Facility Fee, the Administrative Fee, the L/C Fee or the L/C Fronting Fee, in each case within four (4) Business Days after due (whether by demand, acceleration or otherwise), the Borrowers, shall pay to the Agent for the account of the Lenders interest on such unpaid amount, payable from time to time on demand, from the expiration of such four (4) Business Day period following the date such amount shall have become due to the date of payment thereof, accruing on a daily basis, at a per annum rate (the "Default Rate") equal to the sum of (a) the greater of the Base Rate and Applicable LIBOR Rate determined on and, in the case of any continuing default, from time to time after the date of such default plus (b) two percent (2%). ----
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Related to Interest after Due Date

  • Interest After Default To the extent permitted by Law, upon the occurrence of an Event of Default and until such time such Event of Default shall have been cured or waived, and at the discretion of the Administrative Agent or upon written demand by the Required Lenders to the Administrative Agent:

  • Interest on Overdue Payments (a) If the User fails to pay an invoice by the Due Date, the User must, if required by the Service Provider, pay the Service Provider interest on any amount outstanding. (b) Interest will be calculated from the Due Date to the actual date of payment (both inclusive) at an annual percentage rate equal to the aggregate of: (i) the corporate overdraft reference rate (monthly charging cycle) applied by the Commonwealth Bank of Australia (Bank) as at the Due Date (or if the Bank ceases to quote such a rate, then the rate which in the opinion of the Bank is equivalent to such rate in respect of similar overdraft accommodation) expressed as a percentage; plus (ii) 2 per cent per annum.

  • Interest Due Without limiting any other rights or remedies available to either Party, each Party shall pay the other interest on any payments that are not paid on or before the date such payments are due under this Agreement at a rate of [*] per annum or the maximum applicable legal rate, if less, calculated on the total number of days payment is delinquent.

  • Rates Applicable After Default Notwithstanding anything to the contrary contained in Section 2.9 or 2.10, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring consent of affected Lenders to changes in interest rates), declare that no Advance may be made as, converted into or continued as a LIBOR Rate Advance. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring consent of affected Lenders to changes in interest rates), declare that (i) each LIBOR Rate Advance shall bear interest for the remainder of the applicable Interest Period at the LIBOR Rate otherwise applicable to such LIBOR Rate Advance for such Interest Period plus 4% per annum and (ii) each Floating Rate Advance shall bear interest at a rate per annum equal to the Floating Rate otherwise applicable to the Floating Rate Advance plus 4% per annum; provided, however, that the Default Rate shall become applicable automatically if a Default occurs under Section 7.1 or 7.2, unless waived by the Required Lenders.

  • Interest on Delinquent Payments Without waiving any other right or action available to Authority, in the event of default of Company's payment of Rents or other charges hereunder, and in the event Company is delinquent in paying to Authority any Rents or other charges for a period of five (5) days after the payment is due, Authority reserves the right to charge Company interest thereon from the date the Rents or other charges became due to the date of payment at one and one-half percent (1.5%) per month, to the maximum extent permitted by Applicable Law.