Common use of Interest on Demands Clause in Contracts

Interest on Demands. If a Chargor fails to pay any sum on the due date for payment of that sum 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 rate determined in accordance with the provisions of Section 2.13(d) of the Credit Agreement.

Interest on Demands. If a the Chargor fails to pay any sum on the due date for payment of that sum such the 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 rate determined in accordance with the provisions of Section 2.13(d) (Interest) of the Credit Agreement.

Interest on Demands. If a the Chargor fails to pay any sum on the due date for payment of that sum such the 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 rate determined Default Rate (as defined in accordance with the provisions of Section 2.13(d) of the Credit Master Agreement).

Interest on Demands. If a the Chargor fails to pay any sum on the due date for payment of that sum such the 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 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 rate determined in accordance with lesser of (i) five one hundredths of one per cent (0.05%) per day, not compounded, or (ii) the provisions of Section 2.13(d) of the Credit Agreementmaximum amount permitted by Applicable Laws.