Common use of Interest on Disputed Amounts Clause in Contracts

Interest on Disputed Amounts. If payment of any amount payable under this Agreement is delayed while the matter is in Dispute, upon resolution of the Dispute, interest will be payable on any amount determined payable pursuant to the Dispute Resolution Procedure and will be calculated at the Prime Rate compounded monthly from the time such amount became payable under this Agreement until paid.

Interest on Disputed Amounts. ‌ If payment of any amount payable under this Agreement is delayed while the matter is in Dispute, upon resolution of the Dispute, interest Interest will be payable on any amount determined payable pursuant to the Dispute Resolution Procedure and will be calculated at the Prime Rate compounded monthly from the time such amount became payable under this Agreement until paid.