Common use of Interest on Delayed Payments Clause in Contracts

Interest on Delayed Payments. If the Lessee fails to pay any sum due by the Lessee under this Agreement or any other Lease Document on its due date for payment (including any failure to pay on demand any amount due under this clause 5.3) the Lessee will pay to the Lessor on demand interest on such Rental or other amount from the date of such failure to the date of actual payment (both before and after any relevant judgment or liquidation of the Lessee) at the Default Rate.

Interest on Delayed Payments. If the Lessee fails to pay any sum due by the Lessee under (including, without limitation, any sum payable pursuant to this Agreement or any other Lease Document clause 8.3) on its due date for payment (including any failure to pay on demand any amount due under this clause 5.3) Lease or any of the other Lease Documents, the Lessee will shall pay to the Lessor on demand interest on such Rental or other amount sum from the due date of such failure up to the date of actual payment (both after as well as before and after any relevant judgment or liquidation of the Lesseejudgment) at the Default Rate.