Common use of Interest on Late Payments Clause in Contracts

Interest on Late Payments. If any payment provided for in Section 5.2 or Section 5.3 hereof is not made when due (applying the deferred payment date provided for in Section 5.7 as the due date, if applicable), then Company shall pay to Executive interest on the amount payable from the date that such payment should have been made under such Section until such payment is made, which interest shall be calculated at the prime or base rate of interest announced by JPMorgan Chase Bank (or any successor thereto) at its principal office in New York, and shall change when and as any such change in such prime or base rate shall be announced by such bank.

Interest on Late Payments. If any payment provided for in Section 5.2 or Section 5.3 hereof is not made when due (applying the deferred payment date provided for in Section 5.7 5.6 as the due date, if applicable), then Company shall pay to Executive interest on the amount payable from the date that such payment should have been made under such Section until such payment is made, which interest shall be calculated at the prime or base rate of interest announced by JPMorgan Chase Bank (or any successor thereto) at its principal office in New York, and shall change when and as any such change in such prime or base rate shall be announced by such bank.

Interest on Late Payments. If any payment provided for in Section 5.2 or Section 5.3 hereof is not made when due (applying the deferred payment date provided for in Section 5.7 as the due date, if applicable), ) then Company shall pay to Executive interest on the amount payable from the date that such payment should have been made under such Section until such payment is made, which interest shall be calculated at the prime or base rate of interest announced by JPMorgan Chase Bank (or any successor thereto) at its principal office in New York, York and shall change when and as any such change in such prime or base rate shall be announced by such bank.

Interest on Late Payments. If any payment provided for in Section 5.2 or Section 5.3 hereof is not made when due (applying the deferred payment date provided for in Section 5.7 as the due date, if applicable)due, then Company shall pay to Executive interest on the amount payable from the date that such payment should have been made under such Section until such payment is made, which interest shall be calculated at 2% plus the prime or base rate of interest announced by JPMorgan Chase Bank (or any successor thereto) at its principal office in New York, and shall change when and as any such change in such prime or base rate shall be announced by such bank.

Interest on Late Payments. If any payment provided for in Section 5.2 or Section 5.3 hereof is not made when due (applying the deferred payment date provided for in Section 5.7 as the due date, if applicable), then Company shall pay to Executive interest on the amount payable from the date that such payment should have been made under such Section until such payment is made, which interest shall be calculated at the prime or base rate of interest announced by JPMorgan Chase Bank (or any successor thereto) at its principal office in New York, and shall change when and as any such change in such prime or base rate shall be announced by such bank.

Interest on Late Payments. If any payment provided for in Section 5.2 5.2, 5.3 or Section 5.3 5.4 hereof is not made when due (applying the deferred payment date provided for in Section 5.7 5.8 as the due date, if applicable), then Company shall pay to Executive interest on the amount payable from the date that such payment should have been made under such Section until such payment is made, which interest shall be calculated at the prime or base rate of interest announced by JPMorgan Chase Bank (or any successor thereto) at its principal office in New York, and shall change when and as any such change in such prime or base rate shall be announced by such bank.

Interest on Late Payments. If any payment provided for in Section 5.2 or Section 5.3 hereof is not made when due (applying the deferred payment date provided for in Section 5.7 5.6 as the due date, if applicable), ) then Company shall EHR will pay to Executive interest on the amount payable from the date that such payment should have been made under such Section until such payment is made, which interest shall will be calculated at the prime or base rate of interest announced by JPMorgan Chase Bank (or any successor thereto) at its principal office in New York, York and shall will change when and as any such change in such the prime or base rate shall be is announced by such the bank.