Common use of Interest on Demands Clause in Contracts

Interest on Demands. If the Chargor fails to pay any sum on the due date for payment of that sum the Chargor shall pay interest on any such sum (before and after any judgment and to the extent interest at a default rate is not otherwise being paid on such sum) from the date of demand until the date of payment calculated on a daily basis at the Default Rate (as defined in the Master Agreement).

Interest on Demands. If the a Chargor fails to pay any sum on the due date for payment of that sum the such Chargor shall be liable to pay interest on any such sum (before and after any judgment and to the extent interest at a default rate is not otherwise being paid on such sum) from the date of demand until the date of payment calculated on a daily basis at the Default Rate (as defined rate determined in accordance with the Master provisions of Section 2.13(d) of the Credit Agreement).

Interest on Demands. If the Chargor fails to pay any sum on the due date for payment of that sum the Chargor shall pay interest on any such sum (before and after any judgment and to the extent interest at a default rate is not otherwise being paid on such sum) from the date of demand until the date of payment calculated on a daily basis at the Default Rate rate determined in accordance with Section 2.13(d) (as defined in Interest) of the Master Credit Agreement).

Interest on Demands. If the Chargor fails to pay any sum on the due date for payment of that sum the Chargor shall pay interest on any such sum (before and after any judgment and to the extent interest at a default rate is not otherwise being paid on such sum) from the date seven (7) days after the date of demand until the date of payment calculated on at a daily basis at rate per annum equal to the Default Rate lesser of (as defined in i) five one hundredths of one per cent (0.05%) per day, not compounded, or (ii) the Master Agreement)maximum amount permitted by Applicable Laws.

Interest on Demands. If the Chargor fails to pay any sum on the due date for payment of that sum the Chargor shall pay interest on any such sum (before and after any judgment and to the extent interest at a default rate is not otherwise being paid on such sum) from the date of demand until the date of payment calculated on a daily basis at the Default Rate rate determined in accordance with the provisions of Clause 18.4 (as defined in Interest on Demands) of the Master Agreement)Security Trust and Intercreditor Deed.