Interest on Amounts Owed Sample Clauses
Interest on Amounts Owed. Any amount that is payable by Seller or Purchaser to the other pursuant to this Article 10 and not paid when due shall bear interest from the date due until paid at the rate of ten percent (10%) per annum.
Interest on Amounts Owed. Any premium or advance reimbursement, indemnity obligation, and any other amounts owed by the Undersigned on account of any matter or thing pursuant to this Bond Agreement shall, if not paid when due, bear simple interest at the rate of twelve percent (12%) per annum, or the highest rate permitted by law, whichever is less, from its due date until fully paid.
Interest on Amounts Owed. In the event that Company shall fail or refuse to make payment of any amount due Executive under this Agreement within the time period provided herein, Company shall pay to Executive, in addition to the payment of any other sums provided in this Agreement: (i) interest, compounded quarterly, on any amount remaining unpaid from the date payment is required under this Agreement until paid to Executive, at the rate from time to time announced by The Wall Street Journal as the “prime rate” plus three percent (3%), each change in such rate to take effect on the effective date of the change of such prime rate; and (ii) on demand, the amount necessary to reimburse Executive in full for all expenses (including all attorneys’ fees and costs) incurred by Executive enforcing any of the obligations of Company under this Agreement.