Interest Charge for Late Payments. Any amount due and owing by one party to the other party pursuant to this Agreement that is not paid when due shall bear interest from the due date thereof until paid at a rate equal to the rate(s) of interest per annum announced from time to time by Citibank N.A. (or its successor) as its U.S. prime rate, plus one percent.
Appears in 3 contracts
Samples: Tax Matters Arrangements (Goodrich Corp), Tax Matters Arrangements (Enpro Industries Inc), Tax Matters Arrangements (Enpro Industries Inc)
Interest Charge for Late Payments. Any amount due and owing by one party to the other party Party pursuant to this Agreement that is not paid when due shall bear interest from the due date thereof until paid at a rate equal to the rate(s) prime rate of interest per annum announced from time Citibank, N.A. in effect on the date such payment was required to time by Citibank N.A. (or its successor) as its U.S. prime rate, plus one percentbe made.
Appears in 3 contracts
Samples: Tax Sharing Agreement (Agilent Technologies Inc), Tax Sharing Agreement (Verigy Ltd.), Tax Sharing Agreement (Verigy Pte. Ltd.)
