Interest on Late Payments. In the event that Producer shall fail to make timely payment of any sums, except those contested in good faith or those in a good faith dispute, when due under this Agreement, interest will accrue at an annual rate equal to ten percent (10%) from the date payment is due until the date payment is made.
Appears in 20 contracts
Samples: Water Services Agreement, Gas Gathering and Compression Agreement, Water Services Agreement (ANTERO RESOURCES Corp)
Interest on Late Payments. In the event that Producer shall fail to make timely payment of any sums, except those contested in good faith or those in a good faith dispute, when due under this Agreement, interest will accrue at an annual rate equal to ten percent (10%) from the date payment is due until the date payment is mademade at an annual rate equal to the lesser of (a) ten percent or (b) the maximum percentage permitted by Applicable Law.
Appears in 10 contracts
Samples: Produced and Flowback Water Gathering and Disposal Agreement (Oasis Midstream Partners LP), Produced and Flowback Water Gathering and Disposal Agreement (Oasis Midstream Partners LP), Produced and Flowback Water Gathering and Disposal Agreement
Interest on Late Payments. In the event that Producer shall fail to make timely payment of any sums, except those contested in good faith or those in a good faith dispute, when due under this Agreement, interest will accrue at an annual rate equal to ten percent (10%) from the date payment is due until the date payment is mademade at an annual rate equal to the lesser of (a) the Prime Rate plus [***]% or (b) the maximum percentage permitted by Applicable Law.
Appears in 7 contracts
Samples: Produced and Flowback Water Gathering and Disposal Agreement, Produced and Flowback Water Gathering and Disposal Agreement (Rattler Midstream Lp), Gas Gathering and Compression Agreement (Rattler Midstream Lp)
Interest on Late Payments. In the event that Producer shall fail to make timely payment of any sums, except those contested in good faith or those in a good faith dispute, when due under this Agreement, interest will accrue at an annual rate equal to ten percent (10%) from the date payment is due until the date payment is mademade at an annual rate equal to the lesser of (a) [***]% of the Prime Rate or (b) the maximum percentage permitted by Applicable Law.
Appears in 2 contracts
Samples: Crude Oil Gathering Agreement (Rattler Midstream Lp), Crude Oil Gathering Agreement (Rattler Midstream Lp)
