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 JPMorgan Chase Bank base rate in effect from time to time during such period plus 1%.
Appears in 3 contracts
Samples: Tax Allocation Agreement (CombiMatrix Corp), Tax Allocation Agreement (Mindspeed Technologies Inc), Tax Allocation Agreement (Mindspeed Technologies Inc)
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 JPMorgan Chase Bank base short-term applicable federal rate in effect from time on the date such payment was required to time during such period plus 1%be made.
Appears in 2 contracts
Samples: Tax Allocation Agreement (Acco World Corp), Tax Allocation Agreement (Acco Brands Corp)
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 JPMorgan Chase Mellon Bank base prime rate in effect from time to time during such period plus 1%.
Appears in 1 contract
Samples: Tax Allocation Agreement (Rockwell International Corp)
