Common use of Interest on Late Payments Clause in Contracts

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Reference Rate. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Bank's Reference RateRate plus 2.00 percentage points. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Bank's Reference RateRate plus 1.00 percentage point. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Reference RateRate plus 2.00 percentage points. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Bank's Reference Rate. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Bank's Reference RateRate plus two (2.00) percentage points. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Reference RateBank's Prime Rate plus Two percent (2.0%). This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Bank's Reference RateRate plus two (2.0) percentage points. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Reference RateRate plus 1.00 percentage points. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Reference RateRate plus .50 percentage points. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Bank's Reference Rate. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Bank's Reference Rate. Rate plus 2.00 percentage points, This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the lesser of (a) the Maximum Rate or (b) the Bank's Reference Rate. This may result in compounding of interestRate plus 1.00 percentage point.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Reference RateRate minus 0.25 percentage points. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Bank's Reference RateRate plus 1.00 percentage points. This may result in a compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Bank's Reference RateRate for Facility No. 1 and at the Bank's Reference Rate plus 0.75 percentage point for Facility No. 2 and Facility No. 3. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at a rate per annum which is five percentage points higher than the Reference Raterate of interest otherwise provided under this Agreement. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Bank's Reference RateRate minus .5 percentage point. This may result in compounding of interest.. 5. CONDITIONS The Bank must receive the following items, in form and content acceptable to the Bank, before it is required to extend any credit to the Borrower under this Agreement: 5.1

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Bank's Reference RateRate plus [1.00 percentage point]. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at ninety percent (90%) of the Reference Rate. This may result in compounding of interest. 4.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Reference RateRate plus 0.50 percentage points. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Reference RateRate plus 1.00 percentage points. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Bank's Reference RateRate plus 2.0 percentage points. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Bank's Reference RateRate plus one (1.0%) percentage point. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Reference RateRate plus 1.0 percentage point. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Reference RateRate plus 5.00 percentage points. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall will bear interest from the due date at the Reference Prime Rate. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Bank's Reference Rate. This may result Rate plus one- quarter (.25) of a percentage point." 2.4 The first paragraph in compounding Paragraph 7.4 of interest.the Agreement is amended to read in its entirety as follows:

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Bank's Reference Rate. Rate plus 1.00 percentage point This may result in compounding of interest.

Interest on Late Payments. At the BankLender's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall will bear interest from the due date at the Reference RateRate plus 5.00 percentage points. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Bank's Reference RateRate plus 1.25 percentage points. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at a rate which is one-half (1/2) percentage point higher than the Reference Raterate of interest otherwise provided under this Agreement. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Restated Agreement (including interest) shall bear interest from the due date at the Reference Maximum Rate. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each ------------------------- instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Bank's Reference RateRate plus two (2.0) percentage points. This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Bank's Reference RateRate plus one and one-half (1.50) percentage points. This this may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date until paid at the Reference RateBank's Prime Rate plus two percent (2.0%). This may result in compounding of interest.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the LESSER of (a) the Maximum Rate OR (b) the Bank's Reference Rate. This may result in compounding of interestRate PLUS 0.25%.

Interest on Late Payments. At the Bank's sole option in each instance, any amount not paid when due under this Agreement (including interest) shall bear interest from the due date at the Bank's Reference Rate. Rate minus 0.5 percentage point.. This may result in compounding of interest.