Common use of Interest after Due Date Clause in Contracts

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%.

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%.

Interest after Due Date. If the principal amount of this Note the Notes is not paid when due, as a result of redemption or otherwiseotherwise in accordance with this Agreement, the overdue amount shall bear interest from the due maturity date until paid at an annual rate of 12%.