Interest on late payment. 22.1 Where a sum is required to be paid under this Agreement but is not paid before or on the date the Parties agreed, the person due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 for the period beginning with the date on which the payment was due and ending with the date the sum is paid (and the period shall continue after as well as before judgment).
Appears in 8 contracts
Samples: Governance Agreement, Operational Agreement, Operational Agreement
Interest on late payment. 22.1 20.1 Where a sum is required to be paid under this Agreement agreement (other than under the Tax Covenant) but is not paid before or on the date the Parties parties agreed, the person party due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 for the period beginning with the that date on which the payment was due and ending with the date the sum is paid (and the period shall continue after as well as before judgment).
Appears in 3 contracts
Samples: Share Purchase Agreement (PRGX Global, Inc.), Sale and Purchase Agreement (Symmetry Medical Inc.), Agreement (Emrise CORP)
Interest on late payment. 22.1 21.1 Where a sum is required to be paid under this Agreement agreement (other than under the Tax Covenant) but is not paid before or on the date the Parties parties agreed, the person party due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 for the period beginning with the that date on which the payment was due and ending with the date the sum is paid (and the period shall continue after as well as before judgment).
Appears in 2 contracts
Samples: Part (Ems Technologies Inc), Agreement (Build a Bear Workshop Inc)
Interest on late payment. 22.1 Where a sum is required to be paid under this Agreement agreement but is not paid before or on the date the Parties parties agreed, the person party due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 Interest Rate for the period beginning with the that date on which the payment was due and ending with the date the sum is paid (and the period shall continue after as well as before judgment). Interest shall accrue on a daily basis and be compounded quarterly.
Appears in 2 contracts
Interest on late payment. 22.1 21.1 Where a sum is required to be paid under this Agreement but is not paid before or on the date the Parties agreed, the person Party due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 Interest Rate for the period beginning with the date on which the payment was due and ending with the date the sum is paid (and the period shall continue after as well as before judgment), except where the sum itself already includes an element in respect of interest (for example interest included in the amount of a Claim). Interest shall accrue on a daily basis and be compounded quarterly.
Appears in 2 contracts
Samples: Agreement (Virgin Media Investments LTD), Scripps Networks Interactive, Inc.
Interest on late payment. 22.1 32.1. Where a sum is required to be paid under this Agreement but is not paid before or on the date the Parties parties agreed, the person due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 for the period beginning with the that date on which the payment was due and ending with the date the sum is paid (and the period shall continue after as well as before judgment).
Appears in 1 contract
Samples: Share Purchase Agreement (GAIN Capital Holdings, Inc.)
Interest on late payment. 22.1 Where a sum is required to be paid under this Agreement agreement but is not paid before or on the date the Parties parties agreed, the person party due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 Interest Rate for the period beginning with the that date on which the payment was due and ending with the date on which the sum is paid (and the period shall continue after as well as before judgment). Interest shall accrue on a daily basis and be compounded quarterly.
Appears in 1 contract
Samples: Business Sale Agreement (Lecg Corp)
Interest on late payment. 22.1 24.1 Where a sum is required to be paid under this Agreement agreement but is not paid before or on the date the Parties parties agreed, the person due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 for the period beginning with the that date on which the payment was due and ending with the date the sum is paid (and the period shall continue run after as well as before judgment).
Appears in 1 contract
Interest on late payment. 22.1 26.1 Where a sum is required to be paid under this Agreement but is not paid before or on the date the Parties agreed, the person due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 26.2 for the period beginning with the date on which the payment was due and ending with the date the sum is paid (and the period shall continue after as well as before judgment).
Appears in 1 contract
Samples: Governance Agreement
Interest on late payment. 22.1 Where a sum is required to be paid under this Agreement (other than under the Tax Deed of Covenant) but is not paid before or on the date the Parties parties agreed, the person party due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 for the period beginning with the that date on which the payment was due and ending with the date the sum is paid (and the period shall continue after as well as before judgment).
Appears in 1 contract
Samples: Ace Comm Corp
Interest on late payment. 22.1 18.1 Where a sum is required to be paid under this Agreement agreement but is not paid before or on the date the Parties parties agreed, the person party due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 for the period beginning with the that date on which the payment was due and ending with the date the sum is paid (and the period shall continue after as well as before judgment).
Appears in 1 contract
Samples: Share Purchase Agreement (Greenworld Development, Inc.)
Interest on late payment. 22.1 Where a sum is required to be paid under this Agreement agreement but is not paid before or on the date the Parties parties agreed, the person party due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 for the period beginning with the that date on which the payment was due and ending with the date the sum is paid (and the period shall continue after as well as before judgment).
Appears in 1 contract
Interest on late payment. 22.1 19.1 Where a sum is required to be paid under this Agreement agreement (other than under the Tax Covenant) but is not paid before or on the date the Parties parties agreed, the person party due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 for the period beginning with the that date on which the payment was due and ending with the date the sum is paid (and the period shall continue after as well as before judgment).
Appears in 1 contract
Interest on late payment. 22.1 20.1 Where a sum is required to be paid under this Agreement agreement (other than under the Tax Deed) but is not paid before or on the date the Parties parties agreed, the person party due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 for the period beginning with the that date on which the payment was due and ending with the date the sum is paid (and the period shall continue after as well as before judgment).
Appears in 1 contract
Samples: Share Purchase Agreement (Global Traffic Network, Inc.)
Interest on late payment. 22.1 Where a sum is required to be paid under this Agreement agreement but is not paid before or on the date the Parties parties agreed, the person party due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 Interest Rate for the period beginning with the that date on which the payment was due and ending with the date the sum is paid (and the period shall continue after as well as before judgment). Interest shall accrue on a daily basis from the due date until actual payment of the overdue amount.
Appears in 1 contract
Samples: Asset Purchase Agreement
Interest on late payment. 22.1 16.1. Where a sum is required to be paid under this Agreement agreement but is not paid before or on the date the Parties parties agreed, the person party due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 for the period beginning with the that date on which the payment was due and ending with the date the sum is paid (and the period shall continue after as well as before judgment).
Appears in 1 contract
Samples: Share Purchase Agreement (Greenworld Development, Inc.)
Interest on late payment. 22.1 19.1 Where a sum is required to be paid under this Agreement agreement but is not paid before or on the date the Parties parties agreed, the person party due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 for the period beginning with the that date on which the payment was due and ending with the date the sum is paid (and the period shall continue after as well as before judgment).
Appears in 1 contract
Interest on late payment. 22.1 19.1 Where a sum is required to be paid under this Agreement agreement but is not paid before or on the date the Parties parties agreed, the person due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 for the period beginning with the that date on which the payment was due and ending with the date the sum is paid (and the period shall continue after as well as before judgment).
Appears in 1 contract
Interest on late payment. 22.1 20.1 Where a sum is required to be paid under this Agreement agreement (other than under the Tax Covenant) but is not paid before or on the date the Parties parties agreed, the person party due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 for the period beginning with the that date on which the payment was due and ending with the date the sum is paid (and the period shall continue after as well as before judgment).
Appears in 1 contract
Samples: O'Gara Group, Inc.
Interest on late payment. 22.1 34.1 Where a sum is required to be paid under this Agreement but is not paid before or on the date the Parties parties agreed, the person due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 Clause 34.2 for the period beginning with the date on which the payment was due and arid ending with the date the sum is paid (and the period shall continue after as well as before judgment).
Appears in 1 contract
Interest on late payment. 22.1 28.1 Where a sum is required to be paid under this Agreement agreement, but is not paid before or on the date the Parties parties agreed, the person party due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 28.2 for the period beginning with the that date on which the payment was due and ending with the date the sum is paid (and the period shall continue run after as well as before judgment).
Appears in 1 contract
Samples: Grace Rich Shareholders Agreement (Scio Diamond Technology Corp)
Interest on late payment. 22.1 23.1 Where a sum is required to be paid under this Agreement but is not paid before or on the date the Parties agreed, the person due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 for the period beginning with the date on which the payment was due and ending with the date the sum is paid (and the period shall continue after as well as before judgment).
Appears in 1 contract
Samples: Intra Group Agreement
Interest on late payment. 22.1 16.1 Where a sum is required to be paid under this Agreement but is not paid before or on the date data the Parties parties agreed, the person due to pay the sum shall must also pay an amount equal to interest on that sum at the rate set out in clause 22.2 for the period beginning with the that date on which the payment was due and ending with the date the sum is paid (and the period shall continue will run after as well as before judgmentjudgement).
Appears in 1 contract
Samples: Purchase Agreement (Gold Fields LTD)
Interest on late payment. 22.1 15.1 Where a sum is required to be paid under this Agreement but is not paid before or on the date the Parties parties agreed, the person party due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 for the period beginning with the that date on which the payment was due and ending with the date the sum is paid (and the period shall continue after as well as before judgment).
Appears in 1 contract
Samples: Share Purchase Agreement (Navios Maritime Holdings Inc.)
Interest on late payment. 22.1 23.1 Where a sum is required to be paid under this Agreement but is not paid before or on the date the Parties agreed, the person due to pay the sum shall also pay an amount equal to interest on that sum at the rate set out in clause 22.2 23.2 for the period beginning with the date on which the payment was due and ending with the date the sum is paid (and the period shall continue after as well as before judgment).
Appears in 1 contract
Samples: Governance Agreement
