Interest Charged for Late Payments. In the event that any payment required by this Section VI is not made by Franchisee when due, interest shall be compounded daily from such date at the annual rate equivalent to the then existing prime rate reported in the Wall Street Journal on the due date plus four percent (+4%).
Appears in 10 contracts
Samples: Solid Waste Franchise Agreement, Solid Waste Franchise Agreement, Solid Waste Franchise Agreement
