Common use of Interest on Amounts Owed Clause in Contracts

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.

Appears in 3 contracts

Samples: Agreement of Purchase and Sale (Bureau of National Affairs Inc), Purchase and Sale Agreement (Bureau of National Affairs Inc), Agreement of Purchase and Sale (Bureau of National Affairs Inc)

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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 twelve percent (1012%) per annum.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Aware Inc /Ma/)

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